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SHFSSHF Holdings, Inc.
$0.24$706375
Overview & Verdict
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SHFS logoSHF Holdings, Inc.(SHFS)Earnings, Financials & Key Ratios

SHFS•NASDAQ•Banking & Credit
$0.24
Price updated Jul 2, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryDigital banks and banking-as-a-service
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 Price & Volume

SHF Holdings, Inc. (SHFS) stock price & volume — 10-year historical chart

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SHF Holdings Faces Severe Structural Capital Erosion

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and regulatory insolvency

Key Thesis Takeaways

  • SHF Holdings is currently navigating a period of profound operational distress, characterized by a collapse in net interest income to negative $4.6K in 2026Q1 and a shrinking asset base that has fallen from $67.9 million in 2023Q4 to $15.7 million.
  • The firm's reliance on a high-compliance, low-volume business model appears unsustainable, as evidenced by an efficiency ratio of 131.3% that highlights significant challenges in achieving operational scalability.
  • Investors should remain cautious regarding the firm's long-term viability given the recent $1.1 million spike in loan loss provisions and the persistent erosion of its equity base.

Verdict Logic

Negative: The firm's deteriorating financial health is underscored by a negative 23.8% ROE and a precarious liquidity position with cash balances dwindling to $5.9 million.

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

Full history →
Q2 2026Latest
May 15, 2026
Metric
Actual
Est
EPS
$0.43
—
Rev
$6M
—
Q2 2026
Apr 15, 2026
Metric
Actual
Est
EPS
$0.26
—
Rev
$2M
—
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$0.79
—
Rev
$2M
—
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.33
—
Rev
$2M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 15, 2026
$0.43
$6M
Q2 2026Apr 15, 2026
$0.26
$2M
Q4 2025Nov 12, 2025
$0.79
$2M
Q3 2025Aug 14, 2025
$0.33
$2M
Based on last 12 quarters of dataView full earnings history →

Latest SHFS News

Recent stock market news and headlines for SHF Holdings, Inc. (SHFS)

Zacks Investment Research·Jun 15, 2026
Zacks Initiates Coverage of Safe Harbor With Neutral Recommendation

Discover why Zacks rates Safe Harbor as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore SHFS' improving lending economics and expanding financial services offerings amid ongoing losses and regulatory uncertainty.

Peers Comparison

Key metrics vs top competitors for SHF Holdings, Inc. (SHFS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SHFS logoSHFSSHF Holdings, Inc.Current
$0.24$709.88K-0.30-58.31%-28.16%-26.24%—
LGND logoLGNDLigand Pharmaceuticals Incorporated
$312.01$6.25B50.9060.4%55.95%16.19%—
BFIN logoBFINBankFinancial Corporation
$12.00$149.53M36.364.52%3.19%1.48%—
MFIN logoMFINMedallion Financial Corp.
$10.34$246.61M5.8121.09%11.67%7.73%—
SAFE logoSAFESafehold Inc.
$15.65$1.12B9.845.43%29.03%4.69%—
IIPR logoIIPRInnovative Industrial Properties, Inc.
$62.72$1.79B15.96-13.8%45.58%6.41%—

Compare SHFS vs Peers

SHF Holdings, Inc. (SHFS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LGND

Most directly comparable listed peer for SHFS.

Scale Benchmark

vs IIPR

Larger-name benchmark to compare SHFS against a more recognizable public peer.

Peer Set

Compare Top 5

vs LGND, BFIN, MFIN, SAFE

SHFS SEC Filings & Documents

SHF Holdings, Inc. (SHFS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 18, 2026·SEC

Material company update

May 11, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

2
FY 2026

Apr 15, 2026·SEC

FY 2025

Apr 10, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 15, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 14, 2025·SEC

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SHFS Frequently Asked Questions

SHF Holdings, Inc. (SHFS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is SHF Holdings, Inc. growing?

SHF Holdings, Inc. (SHFS) saw revenue decline by 58.3% over the past year.

Is SHFS profitable?

SHF Holdings, Inc. (SHFS) reported a net loss of $3.1M for fiscal year 2025.

Dividend & Returns
What is SHFS's return on equity?

SHF Holdings, Inc. (SHFS) has a return on equity (ROE) of -26.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is SHF Holdings, Inc.'s net interest margin?

SHF Holdings, Inc. (SHFS) has a net interest margin (NIM) of 11.5%. This indicates healthy earnings from lending activities.

What is SHF Holdings, Inc.'s efficiency ratio?

SHF Holdings, Inc. (SHFS) has an efficiency ratio of 127.0%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in SHFS back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →