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SHF Holdings, Inc.(SHFS)Earnings, Financials & Key Ratios
SHFS•NASDAQ•Banking & Credit
Price updated Jun 19, 2026
AboutSHF Holdings, Inc., through its subsidiaries, provides access to banking, lending, and other financial services to financial institutions serving the cannabis industry. The company, through its proprietary platform, offers access to business checking and savings accounts, cash management accounts, savings and investment options, commercial lending, courier services, remote deposit services, automated clearing house payments and origination, and wire payments. Its services allow cannabis related businesses to obtain services from financial institutions that allow them to run their business with enhanced financial insight into their business and access to resources. The company was founded in 2015 and is based in Arvada, Colorado.Show more
- Net Interest Income$2M-67.4%
- Total Revenue$8M-58.3%
- Net Income-$2M+95.5%
- Return on Equity-26.24%+94.0%
- Net Interest Margin11.54%-75.0%
- Efficiency Ratio126.99%-1.5%
- ROA-14.21%+88.1%
- Equity / Assets47.86%+151.5%
- Book Value per Share2.82+163.6%
SHFS Key Insights
SHF Holdings, Inc. (SHFS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Strong NIM of 11.5%
- ✓Well capitalized: 47.9% equity/assets
- ✓Diversified revenue: 67.7% from non-interest income
- ✓Trading at only 0.1x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗High cost structure: 127.0% efficiency ratio
- ✗Weak momentum: RS Rating 1 (bottom 1%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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SHFS Price & Volume
SHF Holdings, Inc. (SHFS) stock price & volume — 10-year historical chart
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SHFS Growth Metrics
SHF Holdings, Inc. (SHFS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-0.92%
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM93.92%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM94.66%
Return on Capital
10 Years-14.55%
5 Years-40.96%
3 Years-35.3%
Last Year-57.98%
SHFS Recent Earnings
SHF Holdings, Inc. (SHFS) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 15, 2026Metric
Actual
Est
EPS
$0.43
—
Rev
$6M
—
Q2 2026
Apr 15, 2026Metric
Actual
Est
EPS
$0.26
—
Rev
$2M
—
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.79
—
Rev
$2M
—
Q3 2025
Aug 14, 2025Metric
Actual
Est
EPS
$0.33
—
Rev
$2M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $0.43 | $6M |
| Q2 2026 | Apr 15, 2026 | $0.26 | $2M |
| Q4 2025 | Nov 12, 2025 | $0.79 | $2M |
| Q3 2025 | Aug 14, 2025 | $0.33 | $2M |
Based on last 12 quarters of dataView full earnings history →
SHFS Peer Comparison
SHF Holdings, Inc. (SHFS) competitors in Digital banks and banking-as-a-service — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LGND | 5.51B | 274.88 | 44.84 | 60.4% | 55.95% | 16.19% | 0.44 | |
 BFIN | 149.53M | 12.00 | 36.36 | 4.52% | 3.19% | 1.48% | 0.25 | |
 MFIN | 224.24M | 9.53 | 5.35 | 21.09% | 13.7% | 9.38% | 0.62 | |
 SAFE | 1.1B | 15.34 | 9.65 | 5.43% | 29.69% | 4.75% | 1.84 | |
 IIPR | 1.7B | 59.60 | 15.17 | -13.8% | 45.58% | 6.41% | 0.21 | |
 GRWG | 95.54M | 1.59 | -3.98 | -14.36% | -11.91% | -19.51% | 0.30 | |
 HYFM | 4.35M | 0.91 | -0.01 | -29.45% | -237.25% | -5% | ||
 TLRY | 551.15M | 4.73 | -0.14 | 4.84% | -252.55% | -136.55% | 0.22 |
Compare SHFS vs Peers
SHF Holdings, Inc. (SHFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SHFS Income Statement
SHF Holdings, Inc. (SHFS) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Net Interest Income | 22.77K | 102.96K | 424.97K | 1.88M | 6.09M | 1.99M | 1.55M |
NII Growth % | - | 352.2% | 312.75% | 341.84% | 224.45% | -67.41% | -304.01% |
Net Interest Margin % | 0.5% | 1.37% | 0.43% | 2.77% | 46.09% | 11.54% | 9.9% |
Interest Income | 25.28K | 102.96K | 1.13M | 2.97M | 6.63M | 2.48M | 1.94M |
Interest Expense | 2.51K | 0 | 705.2K | 1.09M | 533.39K | 492.64K | 384.44K |
Loan Loss Provision | 13.34K | 1.4K | 506.21K | 290.86K | -1.39M | 2.84M | 963.31K |
Non-Interest Income | 8.01M | 6.9M | -33.13M | 17.31M | 11.78M | 5.2M | 9.28M |
Non-Interest Income % | 99.69% | 98.53% | 103.53% | 85.34% | 64.01% | 67.71% | 82.72% |
Total Revenue | 8.04M▲ 0% | 7.01M▼ 12.8% | -32M▼ 556.8% | 20.28M▲ 163.4% | 18.41M▼ 9.2% | 7.67M▼ 58.3% | 11.22M▲ 0% |
Revenue Growth % | - | -12.85% | -556.77% | 163.37% | -9.23% | -58.31% | -108.2% |
Non-Interest Expense | 2.91M | 3.72M | 11.17M | 38M | 23.73M | 9.74M | 13.02M |
Efficiency Ratio | 36.16% | 53.06% | -34.91% | 187.4% | 128.9% | 126.99% | 116.12% |
Operating Income | 5.12M▲ 0% | 3.29M▼ 35.7% | -44.38M▼ 1450.2% | -19.11M▲ 56.9% | -4.46M▲ 76.7% | -5.4M▼ 21.1% | -3.16M▲ 0% |
Operating Margin % | 63.64% | 46.92% | 138.69% | -94.23% | -24.23% | -70.36% | -28.13% |
Operating Income Growth % | - | -35.74% | -1450.24% | 56.94% | 76.66% | -21.06% | - |
Pretax Income | 5.12M▲ 0% | 3.29M▼ 35.7% | -44.38M▼ 1450.2% | -19.11M▲ 56.9% | -4.46M▲ 76.7% | -2.22M▲ 50.2% | -3.17M▲ 0% |
Pretax Margin % | 63.64% | 46.92% | 138.69% | -94.23% | -24.23% | -28.92% | -28.27% |
Income Tax | 0 | 0 | -9.25M | -1.83M | 43.86M | -58.47K | -58.47K |
Effective Tax Rate % | 0% | 0% | 20.85% | 9.57% | -983.45% | 2.63% | 1.84% |
Net Income | 5.12M▲ 0% | 3.29M▼ 35.7% | -35.13M▼ 1168.7% | -17.28M▲ 50.8% | -48.32M▼ 179.6% | -2.16M▲ 95.5% | -3.11M▲ 0% |
Net Margin % | 63.64% | 46.92% | 109.78% | -85.21% | -262.5% | -28.16% | -27.75% |
Net Income Growth % | - | -35.74% | -1168.73% | 50.81% | -179.63% | 95.53% | 93.92% |
Net Income (Continuing) | 5.12M | 3.29M | -35.13M | -17.28M | -48.32M | -2.16M | -3.11M |
EPS (Diluted) | 5.47▲ 0% | 3.51▼ 35.8% | -37.00▼ 1154.1% | -8.12▲ 78.1% | -17.43▼ 114.7% | -0.82▲ 95.3% | -0.72▲ 0% |
EPS Growth % | - | -35.83% | -1154.13% | 78.05% | -114.66% | 95.3% | 94.66% |
EPS (Basic) | 5.47 | 3.51 | -37.00 | -8.12 | -17.43 | -0.82 | - |
Diluted Shares Outstanding | 935.79K | 935.79K | 949.43K | 2.13M | 2.77M | 2.92M | 4.35M |
SHFS Balance Sheet
SHF Holdings, Inc. (SHFS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 3M | 5.5M | 8.39M | 4.91M | 2.34M | 6.78M | 15.21M |
Cash & Due from Banks | 3M | 5.5M | 8.39M | 4.91M | 2.34M | 6.78M | 5.9M |
Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1.42M |
Total Investments | 1.32M | 1.46M | 5.94M | 393.85K | 4.98M | 4.03M | 3.88M |
Investments Growth % | - | 10.8% | 306.13% | -93.37% | 1163.52% | -18.99% | 807.04% |
Long-Term Investments | 1.32M | 1.46M | 5.94M | 393.85K | 4.98M | 4.03M | 8.37M |
Accounts Receivables | 247.86K | 530.45K | 1.43M | 2.23M | 1.12M | 1.56M | 1.27M |
Goodwill & Intangibles | 0 | 0 | 29.89M | 9.78M | 0 | 0 | 0 |
Goodwill | 0 | 0 | 19.27M | 6.06M | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 10.62M | 3.72M | 0 | 0 | 0 |
PP&E (Net) | 2.35K | 6.35K | 1.07M | 944.08K | 706.68K | 547.19K | 508.1K |
Other Assets | 0 | 0 | 730.29K | 82.66K | 3M | 429.84K | 346.15K |
Total Current Assets | 3.25M | 6.04M | 10.23M | 12.83M | 4.54M | 12.2M | 12.38M |
Total Non-Current Assets | 1.32M | 1.47M | 89.22M | 55.03M | 8.68M | 5.01M | 3.31M |
Total Assets | 4.57M▲ 0% | 7.52M▲ 64.4% | 99.45M▲ 1222.4% | 67.86M▼ 31.8% | 13.22M▼ 80.5% | 17.21M▲ 30.2% | 15.69M▲ 0% |
Asset Growth % | - | 64.39% | 1222.39% | -31.77% | -80.52% | 30.18% | -4.82% |
Return on Assets (ROA) | 111.81% | 54.35% | -65.68% | -20.66% | -119.19% | -14.21% | -23.71% |
Accounts Payable | 108.53K | 43.63K | 2.65M | 794.71K | 216.33K | 361.19K | 1.04M |
Total Debt | 0 | 0 | 58.59M | 15.02M | 11.88M | 710.51K | 666.67K |
Net Debt | -3M | -5.5M | 50.2M | 10.11M | 9.53M | -6.07M | -5.23M |
Long-Term Debt | 0 | 0 | 31.59M | 11M | 10.75M | 0 | 0 |
Short-Term Debt | 0 | 0 | 25.99M | 3.01M | 255.76K | 0 | 185.9K |
Other Liabilities | 0 | 0 | 12.17M | 12.96M | 8.74M | 1.94M | 1.63M |
Total Current Liabilities | 220.95K | 181.5K | 49.57M | 7.85M | 5.3M | 6.5M | 6.85M |
Total Non-Current Liabilities | 0 | 0 | 44.77M | 25.65M | 20.2M | 2.47M | 2.11M |
Total Liabilities | 220.95K | 181.5K | 94.34M | 33.51M | 25.51M | 8.97M | 8.96M |
Total Equity | 4.35M▲ 0% | 7.34M▲ 68.6% | 5.11M▼ 30.3% | 34.36M▲ 571.9% | -12.29M▼ 135.8% | 8.24M▲ 167.0% | 6.73M▲ 0% |
Equity Growth % | - | 68.56% | -30.33% | 571.9% | -135.77% | 167.02% | 78.05% |
Equity / Assets (Capital Ratio) | 95.17% | 97.59% | 5.14% | 50.63% | -92.96% | 47.86% | 42.87% |
Return on Equity (ROE) | 117.48% | 56.22% | -564.21% | -87.56% | -437.93% | -26.24% | -303.81% |
Book Value per Share | 4.65 | 7.84 | 5.39 | 16.14 | -4.43 | 2.82 | 1.54 |
Tangible BV per Share | 4.65 | 7.84 | -26.09 | 11.54 | -4.43 | 2.82 | 1.54 |
Common Stock | 0 | 0 | 2.37K | 273 | 278 | 428 | 451 |
Additional Paid-in Capital | 0 | 0 | 44.81M | 105.92M | 108.47M | 131.15M | 131.42M |
Retained Earnings | 0 | 0 | -39.7M | -71.57M | -120.76M | -122.92M | -124.7M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 1 | 0 | 0 | 3 | 3 |
SHFS Cash Flow Statement
SHF Holdings, Inc. (SHFS) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | 4.95M | 2.95M | 1.7M | -832.14K | 430.48K | -3.42M | -3.36M |
Operating CF Growth % | - | -40.48% | -42.39% | -149.03% | 151.73% | -893.93% | -294.84% |
Net Income | 5.12M | 3.29M | -35.13M | -17.28M | -48.32M | -2.4M | -3.11M |
Depreciation & Amortization | 5.86K | 1.92K | 189.27K | 1.37M | 711.93K | 132.23K | 259.86K |
Deferred Taxes | 0 | 0 | -9.25M | -1.83M | 43.86M | 0 | 0 |
Other Non-Cash Items | 13.34K | 1.4K | 42.69M | 17.24M | 4.65M | -3.41M | -2.54M |
Working Capital Changes | -184.3K | -343.82K | 393.4K | -4.07M | -2.05M | 736.13K | 1.34M |
Cash from Investing | 5.83K | 1.04M | -2.9M | -2.18M | 12.39K | 442.19K | 463.96K |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 0 | 50K | 75.02K |
Net Investment Activity | 0 | 0 | 0 | 0 | 0 | 50K | 75.02K |
Acquisitions | 0 | 0 | -3.04M | -3M | 0 | 0 | 0 |
Other Investing | 6.81K | 1.04M | 161.57K | 1.03M | 12.39K | 392.19K | 388.94K |
Cash from Financing | -3.57M | -1.49M | 4.09M | -488.83K | -3.01M | 7.43M | 7.86M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -12.77K |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 7.26M | 7.44M |
Net Stock Activity | 0 | 0 | 0 | 0 | 0 | 7.26M | 7.42M |
Debt Issuance (Net) | -192.83K | 0 | 0 | -488.83K | -1000K | 294.24K | 550K |
Other Financing | -3.38M | -1.49M | 4.09M | 0 | 0 | -128.87K | -116.1K |
Net Change in Cash | 1.38M▲ 0% | 2.49M▲ 80.5% | 2.89M▲ 16.0% | -3.5M▼ 221.0% | -2.56M▲ 26.8% | 4.45M▲ 273.7% | 4.97M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 1.62M | 3M | 5.5M | 8.39M | 4.89M | 2.32M | 6.78M |
Cash at End | 3M | 5.5M | 8.39M | 4.89M | 2.32M | 6.78M | 5.9M |
Interest Paid | 2.51K | 0 | 0 | 450.26K | 416.85K | 0 | 115.34K |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | 4.95M▲ 0% | 2.94M▼ 40.6% | 1.68M▼ 42.9% | -1.04M▼ 161.9% | 430.48K▲ 141.4% | -3.42M▼ 893.9% | -3.36M▲ 0% |
FCF Growth % | - | -40.59% | -42.86% | -161.94% | 141.37% | -893.93% | -53.55% |
SHFS Banking Ratios
SHF Holdings, Inc. (SHFS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | 56.22% | -564.21% | -87.56% | -437.93% | -26.24% | -303.81% |
Return on Assets (ROA) | 54.35% | -65.68% | -20.66% | -119.19% | -14.21% | -23.71% |
Net Interest Margin | 1.37% | 0.43% | 2.77% | 46.09% | 11.54% | 9.9% |
Efficiency Ratio | 53.06% | -34.91% | 187.4% | 128.9% | 126.99% | 116.12% |
Equity / Assets | 97.59% | 5.14% | 50.63% | -92.96% | 47.86% | 42.87% |
Book Value / Share | 7.84 | 5.39 | 16.14 | -4.43 | 2.82 | 1.54 |
NII Growth | 352.2% | 312.75% | 341.84% | 224.45% | -67.41% | -69.16% |
Dividend Payout | - | - | - | - | - | 0% |
Related:SHFS Dividend History·SHFS Revenue History·SHFS Price History·SHFS P/E History·SHFS Financial Ratios·SHFS Institutional Holders
SHFS SEC Filings & Documents
SHF Holdings, Inc. (SHFS) SEC filings — annual & quarterly reports (10-K, 10-Q)
SHFS Frequently Asked Questions
SHF Holdings, Inc. (SHFS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
SHF Holdings, Inc. (SHFS) saw revenue decline by 58.3% over the past year.
SHF Holdings, Inc. (SHFS) reported a net loss of $3.1M for fiscal year 2025.
Dividend & Returns
SHF Holdings, Inc. (SHFS) has a return on equity (ROE) of -26.2%. Negative ROE indicates the company is unprofitable.
Industry Metrics
SHF Holdings, Inc. (SHFS) has a net interest margin (NIM) of 11.5%. This indicates healthy earnings from lending activities.
SHF Holdings, Inc. (SHFS) has an efficiency ratio of 127.0%. This is higher than peers, suggesting room for cost optimization.