SHF Holdings, Inc. (SHFS) Revenue History
Annual and quarterly revenue from 2020 to present
SHFS Revenue Over Time (2020–2025)
SHFS Revenue Growth History
0 of 4 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- -12.8%
- FY2022 revenue growth
- -556.8%
- FY2023 revenue growth
- N/A
- FY2024 revenue growth
- -9.2%
- FY2025 revenue growth
- -58.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $2.0M | — |
| Q4 2025 | $6.1M | — |
| Q3 2025 | $1.2M | — |
| Q2 2025 | $1.9M | — |
| Q1 2025 | $3.2M | — |
| Q4 2024 | $3.8M | — |
| Q3 2024 | $3.8M | — |
| Q2 2024 | $5.3M | — |
Multi-year avg. share of annual revenue by fiscal quarter
SHFS Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 23, 2026, SHF Holdings, Inc. (SHFS) generated trailing twelve-month (TTM) revenue of $11.2 million, reflecting significant decline in growth of -38.4% year-over-year. The most recent quarter (Q1 2026) recorded $2.0 million in revenue, down 67.7% sequentially.
Historical Growth Trajectory
SHFS's 5-year compound annual growth rate (CAGR) stands at -0.9%, indicating revenue contraction over this period. SHF Holdings, Inc.'s highest annual revenue of $20.3 million was recorded in 2023.
Peer Comparison
Compared to Financial Services sector peers — including LGND (+51.2% YoY), BFIN, and MFIN — SHFS has underperformed the peer group in 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 | -38.4% | -0.9% | -70.4% | |
 LGND | $268M | +51.2% | +10.4% | 17.6% | |
 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 (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.7M | - | $4.3M | 56.6% | $-5,399,210 | -70.4% |
| 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% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SHFS — Frequently Asked Questions
Quick answers to the most common questions about buying SHFS stock.
Is SHFS's revenue growth accelerating or slowing?
SHFS revenue is declining -38.4% year-over-year. TTM revenue fell to $11M, contrasting with the 5-year CAGR of -0.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is SHFS's revenue history from 2020 to 2026?
SHF Holdings, Inc. (SHFS) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $11M, growing at -38.4% YoY. The 5-year CAGR is -0.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SHFS's long-term revenue growth rate (CAGR)?
SHF Holdings, Inc.'s 5-year revenue CAGR of -0.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -38.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SHFS.
Why does SHFS's quarterly revenue fluctuate?
SHFS quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. SHF Holdings, Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is SHFS's revenue distributed by segment?
SHFS reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SHFS's revenue compare to industry peers?
SHF Holdings, Inc. (SHFS) with TTM revenue of $11M and -38.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.