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SHFS

Updated: Apr 20, 2026 11:18 PM

SHF Holdings Inc

Market Cap: $3.70M P/S: 2x Ownership — Insider: 25.5% | Institutional: 12.3% | Retail: 62.2% FINANCIAL SERVICES BANKS - REGIONAL

SHF Holdings, Inc., provides access to banking, credit and other financial services to financial institutions serving the cannabis industry. The company is headquartered in Arvada, Colorado.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        6/6 dates (100%)
  ✅ grossProfit                         6/6 dates (100%)
  ✅ netIncome                           6/6 dates (100%)

Plot for SHFS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -48.32M                -24.16M                 0.00M                 24.16M                  48.32M
               |                      |                      |                      |                       |

  2020-12-31 |                                               |███████  8.04M
  2021-12-31 |                                               |██████  7.01M
  2022-12-31 |              █████████████████████████████████| -35.13M
  2023-12-31 |                               ████████████████|██████████████████  20.28M
  2024-12-31 | ██████████████████████████████████████████████|█████████████████  -48.32M
  2025-12-31 |                                             ██|██████  7.67M

               |                      |                      |                      |                       |
               -48.32M                -24.16M                 0.00M                 24.16M                  48.32M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  researchAndDevelopment              3/6 dates (50%)
  ✅ sellingGeneralAndAdministrative     6/6 dates (100%)
  ✅ costofGoodsAndServicesSold          6/6 dates (100%)

Plot for SHFS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               -17.24M                -8.62M                  0.00M                  8.62M                  17.24M
               |                      |                      |                      |                       |

  2020-12-31 |                                               |████  1.94M
  2021-12-31 |                                               |██████  2.78M ⊗
  2022-12-31 |                                               |████████████████████████  9.19M
  2023-12-31 |                                               |█████████████████████████████████████████████  17.24M
  2024-12-31 |                                             ██|███████████████████████████████  12.06M ⊗
  2025-12-31 |                                               |████████  3.33M ⊗

               |                      |                      |                      |                       |
               -17.24M                -8.62M                  0.00M                  8.62M                  17.24M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         6/6 dates (100%)
  ⚠️  shortLongTermDebtTotal              4/6 dates (67%)
  ✅ operatingCashflow                   6/6 dates (100%)

Plot for SHFS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -58.59M                -29.29M                 0.00M                 29.29M                  58.59M
               |                      |                      |                      |                       |

  2020-12-31 |                                               |███  4.95M ⊗
  2021-12-31 |                                               |███  5.50M ⊗
  2022-12-31 |                                               |█████████████████████████████████████████████  58.59M
  2023-12-31 |                                              █|███████████  15.02M
  2024-12-31 |                                               |████████  11.88M
  2025-12-31 |                                            ███|████  6.78M

               |                      |                      |                      |                       |
               -58.59M                -29.29M                 0.00M                 29.29M                  58.59M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   6/6 dates (100%)
  ✅ capitalExpenditures                 6/6 dates (100%)

Plot for SHFS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -4.95M                 -2.48M                  0.00M                  2.48M                   4.95M
               |                      |                      |                      |                       |

  2020-12-31 |                                               |█████████████████████████████████████████████  4.95M
  2021-12-31 |                                               |██████████████████████████  2.95M
  2022-12-31 |                                               |███████████████  1.70M
  2023-12-31 |                                       ████████|█  -0.83M
  2024-12-31 |                                               |███  0.43M
  2025-12-31 |               ████████████████████████████████| -3.42M

               |                      |                      |                      |                       |
               -4.95M                 -2.48M                  0.00M                  2.48M                   4.95M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         6/6 dates (100%)
  ✅ totalLiabilities                    6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for SHFS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -99.45M                -49.73M                 0.00M                 49.73M                  99.45M
               |                      |                      |                      |                       |

  2020-12-31 |                                               |█  4.57M
  2021-12-31 |                                               |██  7.52M
  2022-12-31 |                                               |█████████████████████████████████████████████  99.45M
  2023-12-31 |                                               |██████████████████████████████  67.86M
  2024-12-31 |                                         ██████|███████████  25.51M
  2025-12-31 |                                               |███████  17.21M

               |                      |                      |                      |                       |
               -99.45M                -49.73M                 0.00M                 49.73M                  99.45M

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           6/6 dates (100%)
  ⚠️  shortLongTermDebtTotal              4/6 dates (67%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for SHFS (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -58.59M                -29.29M                 0.00M                 29.29M                  58.59M
               |                      |                      |                      |                       |

  2020-12-31 |                                               |███  5.12M ⊗
  2021-12-31 |                                               |█████  7.34M ⊗
  2022-12-31 |                   ████████████████████████████|█████████████████████████████████████████████  58.59M
  2023-12-31 |                                 ██████████████|██████████████████████████  34.36M
  2024-12-31 |         ██████████████████████████████████████|████████  -48.32M
  2025-12-31 |                                             ██|█████  8.24M

               |                      |                      |                      |                       |
               -58.59M                -29.29M                 0.00M                 29.29M                  58.59M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalRevenue                        20/21 dates (95%)
  ⚠️  grossProfit                         16/21 dates (76%)
  ⚠️  netIncome                           20/21 dates (95%)

Plot for SHFS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -51.66M                -25.83M                 0.00M                 25.83M                  51.66M
               |                      |                      |                      |                       |

  2021-06-30 |                                               |█  1.82M
  2021-09-30 |                                               |█  1.72M
  2021-12-31 |                                               |█  1.72M
  2022-03-31 |                                               |  1.67M
  2022-06-30 |                                               |█  1.85M
  2022-09-30 |                                               |█  2.65M
  2022-12-31 |            ███████████████████████████████████| -38.84M ⊗
  2023-03-31 |                                              █|███  4.42M
  2023-06-30 |                               ████████████████|███  -17.60M
  2023-09-30 |                                              █|██  3.32M
  2023-12-31 |                                               |██████  8.04M ⊗
  2024-03-31 |                                               |████  5.49M
  2024-06-30 |                                               |████  5.34M
  2024-09-30 |                                               |██  3.83M
  2024-12-31 | ██████████████████████████████████████████████|██  -51.66M ⊗
  2025-03-31 |                                              █|██  3.21M
  2025-06-30 |                                              █|█  1.94M
  2025-09-30 |                                               |█  1.83M
  2025-12-31 |                                              █|████  6.11M ⊗
  2026-03-31 |                                             ██|█  -2.41M

               |                      |                      |                      |                       |
               -51.66M                -25.83M                 0.00M                 25.83M                  51.66M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              7/21 dates (33%)
  ⚠️  sellingGeneralAndAdministrative     20/21 dates (95%)
  ⚠️  costofGoodsAndServicesSold          16/21 dates (76%)

Plot for SHFS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               -5.86M                 -2.93M                  0.00M                  2.93M                   5.86M
               |                      |                      |                      |                       |

  2021-06-30 |                                               |████  0.61M
  2021-09-30 |                                               |█████  0.74M
  2021-12-31 |                                              █|  0.15M
  2022-03-31 |                                               |███████  0.97M ⊗
  2022-06-30 |                                               |████████  1.10M ⊗
  2022-09-30 |                                               |█████████  1.27M
  2022-12-31 |                                               |█████████████████████████████████████████████  5.86M ⊗⊗
  2023-03-31 |                                               |████████████████████████████████████████  5.29M
  2023-06-30 |                                               |██████████████████████████████████  4.46M ⊗
  2023-09-30 |                                              █|████████████████████████████  3.64M ⊗
  2023-12-31 |                                               |█████████████████████████████  3.83M ⊗⊗
  2024-03-31 |                                               |██████████████████████████████████████  5.00M
  2024-06-30 |                                               |█████████████████████████  3.33M ⊗
  2024-09-30 |                                               |█████████████████████  2.83M ⊗
  2024-12-31 |                                               |███████████████████  2.56M ⊗⊗
  2025-03-31 |                                               |██████████████████  2.42M
  2025-06-30 |                                               |████████████████  2.10M ⊗
  2025-09-30 |                                               |██████  0.86M ⊗
  2025-12-31 |                                               |████████████████████  2.66M ⊗⊗
  2026-03-31 |                                               |███████████████████████  3.10M ⊗

               |                      |                      |                      |                       |
               -5.86M                 -2.93M                  0.00M                  2.93M                   5.86M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         20/21 dates (95%)
  ⚠️  shortLongTermDebtTotal              13/21 dates (62%)
  ✅ operatingCashflow                   21/21 dates (100%)

Plot for SHFS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -15.56M                -7.78M                  0.00M                  7.78M                  15.56M
               |                      |                      |                      |                       |

  2021-03-31 |                                               |██  1.10M ⊗⊗
  2021-06-30 |                                               |██  0.94M
  2021-09-30 |                                               |█████  2.18M ⊗
  2021-12-31 |                                               |███████████████  5.50M ⊗
  2022-03-31 |                                               |█████████████████  6.07M ⊗
  2022-06-30 |                                               |█  0.73M ⊗
  2022-09-30 |                                               |█████████████████████  7.27M
  2022-12-31 |                                              █|████████████████████████  8.39M
  2023-03-31 |                                              █|█████████████████████████████████████████████  15.55M
  2023-06-30 |                                             ██|█████████████████████████████████████████████  15.56M
  2023-09-30 |                                               |█████████████████████████████████████████████  15.52M
  2023-12-31 |                                             ██|██████████████  4.91M ⊗
  2024-03-31 |                                               |█████████████████████████████████████████  14.25M
  2024-06-30 |                                               |███████████████████████████████████████  13.47M
  2024-09-30 |                                               |████████████████████████████████████  12.68M
  2024-12-31 |                                       ████████|██████  -2.78M ⊗
  2025-03-31 |                                            ███|█████████████████████████████████  11.58M
  2025-06-30 |                                             ██|█████████████████████████████████  11.54M
  2025-09-30 |                                             ██|██  0.86M
  2025-12-31 |                                            ███|███████████████████  6.78M ⊗
  2026-03-31 |                                            ███|███████████████████  6.78M

               |                      |                      |                      |                       |
               -15.56M                -7.78M                  0.00M                  7.78M                  15.56M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   21/21 dates (100%)
  ✅ capitalExpenditures                 21/21 dates (100%)

Plot for SHFS (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -17.32B                -8.66B                  0.00B                  8.66B                  17.32B
               |                      |                      |                      |                       |

  2021-03-31 |                                               |  0.00B
  2021-06-30 |                                               |  0.00B
  2021-09-30 |                                               |  0.00B
  2021-12-31 |                                               |  0.00B
  2022-03-31 |                                               |  0.00B
  2022-06-30 |                                               |  0.00B
  2022-09-30 |                                               |  0.00B
  2022-12-31 |                                              █|  -0.00B
  2023-03-31 |                                              █|  0.00B
  2023-06-30 |                                              █|  -0.00B
  2023-09-30 |                                               |  0.00B
  2023-12-31 |                                              █| -0.00B
  2024-03-31 |                                               |  0.00B
  2024-06-30 |                                               |  0.00B
  2024-09-30 |                                               |█████████████████████████████████████████████  17.32B
  2024-12-31 |                                              █| -0.00B
  2025-03-31 |                                              █|  -0.00B
  2025-06-30 |                                              █| -0.00B
  2025-09-30 |                                              █|  -0.00B
  2025-12-31 |                                              █| -0.00B
  2026-03-31 |                                              █|█████████████████████████████████████████████  17.32B

               |                      |                      |                      |                       |
               -17.32B                -8.66B                  0.00B                  8.66B                  17.32B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         20/21 dates (95%)
  ⚠️  totalLiabilities                    20/21 dates (95%)
  ⚠️  totalShareholderEquity              20/21 dates (95%)

Plot for SHFS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -119.03M                -59.51M                 0.00M                 59.51M                  119.03M
               |                      |                      |                      |                       |

  2021-06-30 |                                               |█████████████████████████████████████████████  118.58M
  2021-09-30 |                                               |█████████████████████████████████████████████  117.97M
  2021-12-31 |                                               |██  7.52M
  2022-03-31 |                                               |██  8.16M
  2022-06-30 |                                               |█████████████████████████████████████████████  119.03M
  2022-09-30 |                                               |█████████████████████████████████████  98.88M
  2022-12-31 |                                               |█████████████████████████████████████  99.34M
  2023-03-31 |                                               |█████████████████████████████████  89.12M
  2023-06-30 |                                               |███████████████████████████  72.08M
  2023-09-30 |                                               |███████████████████████████  72.38M
  2023-12-31 |                                               |█████████████████████████  67.86M
  2024-03-31 |                                               |█████████████████████████  67.70M
  2024-06-30 |                                               |█████████████████████████  67.35M
  2024-09-30 |                                               |█████████████████████████  66.87M
  2024-12-31 |                                          █████|█████████  25.51M
  2025-03-31 |                                        ███████|████████  23.60M
  2025-06-30 |                                        ███████|████████  23.81M
  2025-09-30 |                                               |████  13.66M
  2025-12-31 |                                               |██████  17.21M
  2026-03-31 |                                               |██████  17.21M

               |                      |                      |                      |                       |
               -119.03M                -59.51M                 0.00M                 59.51M                  119.03M

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  netIncome                           20/21 dates (95%)
  ⚠️  shortLongTermDebtTotal              13/21 dates (62%)
  ⚠️  totalShareholderEquity              20/21 dates (95%)

Plot for SHFS (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -111.09M                -55.54M                 0.00M                 55.54M                  111.09M
               |                      |                      |                      |                       |

  2021-06-30 |                                               |████████████████████████████████████████████  107.53M
  2021-09-30 |                                               |█████████████████████████████████████████████  111.09M ⊗
  2021-12-31 |                                               |██  7.34M ⊗
  2022-03-31 |                                               |██  7.90M ⊗
  2022-06-30 |                                               |████████████████████████████████████████████  109.48M ⊗
  2022-09-30 |                                               |████████████  30.70M
  2022-12-31 |                                ███████████████|█  -37.02M
  2023-03-31 |                                              █|█████████████████  44.00M
  2023-06-30 |                                        ███████|██████████  27.35M
  2023-09-30 |                                              █|██████████  27.02M
  2023-12-31 |                                               |█████████████  34.36M ⊗
  2024-03-31 |                                               |██████████████  36.97M
  2024-06-30 |                                               |███████████████  38.46M
  2024-09-30 |                                               |███████████████  39.35M
  2024-12-31 |                          █████████████████████| -51.66M ⊗
  2025-03-31 |                                        ███████|████  -16.95M
  2025-06-30 |                                        ███████|████  -17.86M
  2025-09-30 |                                               |██  7.00M
  2025-12-31 |                                              █|██  8.24M ⊗
  2026-03-31 |                                              █|██  8.24M

               |                      |                      |                      |                       |
               -111.09M                -55.54M                 0.00M                 55.54M                  111.09M

Price History

Volume

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