SHF Holdings, Inc. (SHFS) 10-Year Financial Performance & Capital Metrics

SHFS • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingDigital Banking Platforms

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 $6M +224.4%
Total Revenue $18M -9.2%
Net Income -$48M -179.6%
Return on Equity -437.93% -400.1%
Net Interest Margin 46.09% +1565.7%
Efficiency Ratio 128.9% -31.2%
ROA -119.19% -477.0%
Equity / Assets -92.96% -283.6%
Book Value per Share -4.43 -127.5%
Tangible BV/Share -4.43 -138.4%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 46.1%
✓Diversified revenue: 64.0% from non-interest income

✗Weaknesses

✗High cost structure: 128.9% efficiency ratio
✗Weak momentum: RS Rating 4 (bottom 4%)
✗Thin capital base
✗Shares diluted 30.3% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y37.99%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1013.06%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1632.86%

ROCE

10Y Avg-5.87%

5Y Avg-5.87%

3Y Avg-67.68%

Latest-13.13%

Peer Comparison

Digital Banking Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	22.77K	102.96K	424.97K	1.88M	6.09M
NII Growth %	-	3.52%	3.13%	3.42%	2.24%
Net Interest Margin %	-	-	-	-	-
Interest Income	25.28K	102.96K	1.13M	2.97M	6.63M
Interest Expense	2.51K	0	705.2K	1.09M	533.39K
Loan Loss Provision	13.34K	1.4K	506.21K	290.86K	-1.39M
Non-Interest Income+	8.01M	6.9M	-33.13M	17.31M	11.78M
Non-Interest Income %	-	-	-	-	-
Total Revenue+	8.04M	7.01M	-32M	20.28M	18.41M
Revenue Growth %	-	-0.13%	-5.57%	1.63%	-0.09%
Non-Interest Expense	2.91M	3.72M	11.17M	38M	23.73M
Efficiency Ratio	-	-	-	-	-
Operating Income+	5.12M	3.29M	-44.38M	-19.11M	-4.46M
Operating Margin %	-	-	-	-	-
Operating Income Growth %	-	-0.36%	-14.5%	0.57%	0.77%
Pretax Income+	5.12M	3.29M	-44.38M	-19.11M	-4.46M
Pretax Margin %	-	-	-	-	-
Income Tax+	0	0	-9.25M	-1.83M	43.86M
Effective Tax Rate %	-	-	-	-	-
Net Income+	5.12M	3.29M	-35.13M	-17.28M	-48.32M
Net Margin %	-	-	-	-	-
Net Income Growth %	-	-0.36%	-11.69%	0.51%	-1.8%
Net Income (Continuing)	5.12M	3.29M	-35.13M	-17.28M	-48.32M
EPS (Diluted)+	5.47	3.51	-37.00	-8.12	-17.43
EPS Growth %	-	-0.36%	-11.54%	0.78%	-1.15%
EPS (Basic)	5.47	3.51	-37.00	-8.12	-17.43
Diluted Shares Outstanding	935.79K	935.79K	949.43K	2.13M	2.77M

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	3M	5.5M	8.39M	4.91M	2.34M
Short Term Investments	0	0	0	0	0
Total Investments+	1.32M	1.46M	5.94M	393.85K	4.98M
Investments Growth %	-	0.11%	3.06%	-0.93%	11.64%
Long-Term Investments	1.32M	1.46M	5.94M	393.85K	4.98M
Accounts Receivables	247.86K	530.45K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-
Goodwill	0	0	19.27M	6.06M	0
Intangible Assets	0	0	10.62M	3.72M	0
PP&E (Net)	2.35K	6.35K	1.07M	944.08K	706.68K
Other Assets	0	0	730.29K	82.66K	3M
Total Current Assets	3.25M	6.04M	10.23M	12.83M	4.54M
Total Non-Current Assets	1.32M	1.47M	89.22M	55.03M	8.68M
Total Assets+	4.57M	7.52M	99.45M	67.86M	13.22M
Asset Growth %	-	0.64%	12.22%	-0.32%	-0.81%
Return on Assets (ROA)	1.12%	0.54%	-0.66%	-0.21%	-1.19%
Accounts Payable	108.53K	43.63K	2.65M	794.71K	216.33K
Total Debt+	0	0	58.59M	15.02M	11.88M
Net Debt	-3M	-5.5M	50.2M	10.11M	9.53M
Long-Term Debt	0	0	31.59M	11M	10.75M
Short-Term Debt	0	0	25.99M	3.01M	255.76K
Other Liabilities	0	0	12.17M	12.96M	8.74M
Total Current Liabilities	220.95K	181.5K	49.57M	7.85M	5.3M
Total Non-Current Liabilities	0	0	44.77M	25.65M	20.2M
Total Liabilities	220.95K	181.5K	94.34M	33.51M	25.51M
Total Equity+	4.35M	7.34M	5.11M	34.36M	-12.29M
Equity Growth %	-	0.69%	-0.3%	5.72%	-1.36%
Equity / Assets (Capital Ratio)	-	-	-	-	-
Return on Equity (ROE)	1.17%	0.56%	-5.64%	-0.88%	-4.38%
Book Value per Share	4.65	7.84	5.39	16.14	-4.43
Tangible BV per Share	-	-	-	-	-
Common Stock	0	0	2.37K	273	278
Additional Paid-in Capital	0	0	44.81M	105.92M	108.47M
Retained Earnings	0	0	-39.7M	-71.57M	-120.76M
Accumulated OCI	0	0	0	0	0
Treasury Stock	0	0	0	0	0
Preferred Stock	0	0	1	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.95M	2.95M	1.7M	-832.14K	430.48K
Operating CF Growth %	-	-0.4%	-0.42%	-1.49%	1.52%
Net Income	5.12M	3.29M	-35.13M	-17.28M	-48.32M
Depreciation & Amortization	5.86K	1.92K	189.27K	1.37M	711.93K
Deferred Taxes	0	0	-9.25M	-1.83M	43.86M
Other Non-Cash Items	13.34K	1.4K	42.69M	17.24M	4.65M
Working Capital Changes	-184.3K	-343.82K	393.4K	-4.07M	-2.05M
Cash from Investing+	5.83K	1.04M	-2.9M	-2.18M	12.39K
Purchase of Investments	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0
Net Investment Activity	-	-	-	-	-
Acquisitions	0	0	-3.04M	-3M	0
Other Investing	6.81K	1.04M	161.57K	1.03M	12.39K
Cash from Financing+	-3.57M	-1.49M	4.09M	-488.83K	-3.01M
Dividends Paid	0	0	0	0	0
Share Repurchases	0	0	0	0	0
Stock Issued	0	0	0	0	0
Net Stock Activity	-	-	-	-	-
Debt Issuance (Net)	-192.83K	0	0	-488.83K	-1000K
Other Financing	-3.38M	-1.49M	4.09M	0	0
Net Change in Cash+	1.38M	2.49M	2.89M	-3.5M	-2.56M
Exchange Rate Effect	0	0	0	0	0
Cash at Beginning	1.62M	3M	5.5M	8.39M	4.89M
Cash at End	3M	5.5M	8.39M	4.89M	2.32M
Interest Paid	2.51K	0	0	450.26K	416.85K
Income Taxes Paid	0	0	0	0	0
Free Cash Flow+	4.95M	2.94M	1.68M	-1.04M	430.48K
FCF Growth %	-	-0.41%	-0.43%	-1.62%	1.41%

Banking Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	117.48%	56.22%	-564.21%	-87.56%	-437.93%
Return on Assets (ROA)	111.81%	54.35%	-65.68%	-20.66%	-119.19%
Net Interest Margin	0.5%	1.37%	0.43%	2.77%	46.09%
Efficiency Ratio	36.16%	53.06%	-34.91%	187.4%	128.9%
Equity / Assets	95.17%	97.59%	5.14%	50.63%	-92.96%
Book Value / Share	4.65	7.84	5.39	16.14	-4.43
NII Growth	-	352.2%	312.75%	341.84%	224.45%

Frequently Asked Questions

Growth & Financials

SHF Holdings, Inc. (SHFS) saw revenue decline by 9.2% over the past year.

SHF Holdings, Inc. (SHFS) reported a net loss of $53.2M for fiscal year 2024.

Dividend & Returns

SHF Holdings, Inc. (SHFS) has a return on equity (ROE) of -437.9%. Negative ROE indicates the company is unprofitable.

Industry Metrics

SHF Holdings, Inc. (SHFS) has a net interest margin (NIM) of 46.1%. This indicates healthy earnings from lending activities.

SHF Holdings, Inc. (SHFS) has an efficiency ratio of 128.9%. This is higher than peers, suggesting room for cost optimization.

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