WallStSmart
SHFS

SHF Holdings Inc

NASDAQ: SHFS · FINANCIAL SERVICES · BANKS - REGIONAL

$0.45
-10.30% today

Updated 2026-06-05

Market cap
$2.49M
P/E ratio
P/S ratio
0.34x
EPS (TTM)
$-0.95
Dividend yield
52W range
$0 – $9
Volume
0.3M

SHF Holdings Inc (SHFS) Financial statements

SEC filings — annual and quarterly data.

Income statement — annual

Item202020212022202320242025
Revenue$8.04M$7.01M$-32.00M$20.28M$18.41M$7.67M
Revenue growth (YoY)-12.8%-556.8%+163.4%-9.2%-58.3%
Cost of revenue$15853.00$1399.00$1.21M$1.39M$-859741.00$3.33M
Gross profit$8.02M$7.00M$-33.21M$18.89M$19.27M$4.35M
Gross margin99.8%100.0%103.8%93.2%104.7%56.6%
R&D$127311.00$120626.00$960620.00
SG&A$1.94M$2.78M$9.19M$17.24M$12.06M$3.29M
Operating income$5.12M$3.29M$-44.38M$-19.11M$-4.46M$-5.40M
Operating margin63.6%46.9%138.7%-94.2%-24.2%-70.4%
EBITDA$5.12M$3.29M$-44.19M$-17.74M$-3.75M$-5.40M
EBITDA margin63.7%46.9%138.1%-87.5%-20.4%-70.4%
EBIT$5.12M$3.29M$-44.38M$-19.11M$-4.46M$-5.40M
Interest expense$2511.00$0.00$705204.00$1.09M$533390.00$492643.00
Income tax
Effective tax rate0.0%0.0%0.0%0.0%0.0%0.0%
Net income$5.12M$3.29M$-35.13M$-17.28M$-48.32M$-2.16M
Net income growth (YoY)-35.7%-1168.7%+50.8%-179.6%+95.5%
Profit margin63.6%46.9%109.8%-85.2%-262.5%-28.2%

Frequently asked questions

What is SHF Holdings Inc's revenue?

SHF Holdings Inc's trailing twelve-month revenue is $7.36M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.

How profitable is SHFS?

In its most recent fiscal year, SHFS ran a gross margin of 56.63%, an operating margin of -70.36%, and a net margin of -28.16%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.

How much free cash flow does SHFS generate?

SHFS produced $-3.42M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.

Is SHFS's balance sheet healthy?

SHFS holds $6.78M in cash and equivalents against — in long-term debt, on $8.24M of shareholder equity. That debt is best read against the cash flow the business throws off each year.