SHF Holdings, Inc. (SHFS) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
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SHFS Revenue Growth
SHFS Revenue Analysis (2020–2024)
As of May 8, 2026, SHF Holdings, Inc. (SHFS) generated trailing twelve-month (TTM) revenue of $10.7 million, reflecting significant decline in growth of -52.1% year-over-year. The most recent quarter (Q3 2025) recorded $1.8 million in revenue, down 5.6% sequentially.
Looking at the longer-term picture, SHFS's historical revenue data shows a 3-year CAGR of +38.0%. The company achieved its highest annual revenue of $20.3 million in 2023.
When compared to Financial Services sector peers including LGND (+64.8% YoY), BFIN, and MFIN, SHFS has underperformed the peer group in terms of revenue growth. Compare SHFS vs LGND →
SHFS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SHFSCurrent | $11M | -52.1% | - | -24.2% | |
 LGND | $167M | +64.8% | +6.8% | -13.5% | |
 BFIN | $74M | - | - | 6.8% | |
 MFIN | $353M | - | - | 50.5% | |
 SAFE | $386M | +5.4% | +19.4% | 79.8% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% |
SHFS Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $18.4M | - | $19.3M | 104.7% | $-4,459,789 | -24.2% |
| 2023 | $20.3M | - | $18.9M | 93.2% | $-19,109,548 | -94.2% |
| 2022 | $-31,999,113 | - | $-33,210,529 | 103.8% | $-44,380,976 | 138.7% |
| 2021 | $7.0M | - | $7.0M | 100.0% | $3.3M | 46.9% |
| 2020 | $8.0M | - | $8.0M | 99.8% | $5.1M | 63.6% |
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Start ComparisonSHFS — Frequently Asked Questions
Quick answers to the most common questions about buying SHFS stock.
Is SHFS's revenue growth accelerating or slowing?
SHFS revenue declined -52.1% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $11M. This reverses the prior growth trend.
What is SHFS's long-term revenue growth rate?
SHF Holdings, Inc.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -52.1% is below this long-term average.
How is SHFS's revenue distributed by segment?
SHFS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.