SHFS · XBRL financial data
SHF Holdings financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (SHFS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Revenue from contracts with customers | 7,006 | 9,479 | 17,563 | 15,243 | 7,674 |
| General and administrative | 568 | 2,391 | 6,569 | 4,018 | 3,294 |
| Total operating expenses | 3,719 | 11,677 | 38,275 | 22,334 | 13,073 |
| Operating income (loss) | 3,287 | (2,198) | (20,712) | (7,091) | (5,399) |
| Interest expense | — | 803 | 1,113 | 533 | 493 |
| Income tax expense (benefit) | — | (9,253) | (1,830) | 43,860 | (58) |
| Net income (loss) | 3,287 | (35,128) | (17,280) | (48,319) | (2,161) |
| Earnings per share, basic USD per share | — | (1.85) | (0.41) | (17.43) | (0.82) |
| Earnings per share, diluted USD per share | — | (1.85) | (0.41) | (17.43) | (0.82) |
| Weighted average shares, basic thousands of shares | — | 18,989 | 42,575 | 2,773 | 2,922 |
| Weighted average shares, diluted thousands of shares | — | 18,989 | 42,575 | 2,773 | 2,922 |
- † Share count changed about 1/20 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (SHFS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 255 | 8,390 | 4,889 | 2,325 | 6,779 |
| Marketable securities, non-current | — | — | — | — | 1,450 |
| Accounts receivable | 523 | 1,402 | — | 1,000 | 1,000 |
| Total current assets | 437 | 10,231 | 7,761 | 11,701 | 12,199 |
| Property and equipment, net | 6 | 50 | 84 | 3 | — |
| Right-of-use asset | — | 1,016 | 860 | 704 | 547 |
| Goodwill | — | 19,266 | 6,058 | — | — |
| Total assets | 117,846 | 99,343 | 67,861 | 13,218 | 17,207 |
| Accounts payable | 44 | 2,851 | — | — | — |
| Accrued liabilities | 307 | 6,354 | 1,009 | 1,301 | 1,310 |
| Total current liabilities | 476 | 49,571 | 7,897 | 12,685 | 6,500 |
| Total deposits | — | 8,300 | 4,600 | 2,200 | — |
| Lease liability, non-current | — | 1,008 | 875 | 713 | 529 |
| Total liabilities | 7,327 | 94,230 | 33,506 | 25,506 | 8,971 |
| Accumulated deficit | (6,782) | (39,695) | (71,570) | (120,756) | (122,917) |
| Total stockholders' equity | (6,781) | 5,113 | 34,355 | (12,288) | 8,236 |
| Total liabilities and equity | 117,846 | 99,343 | 67,861 | 13,218 | 17,207 |
| Common shares outstanding (cover page) thousands of shares | 0 | 41,122 | 55,431 | 2,784 | 4,505 |
- † Share count changed about 1/20 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (SHFS's year ends in late December)
| In thousands of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | 3,287 | (35,128) | (17,280) | (48,319) | (2,161) |
| Stock-based compensation | — | 2,806 | 3,711 | 1,576 | 1,523 |
| Depreciation and amortization | 2 | 189 | 1,374 | 712 | 3 |
| Net cash from operating activities | 2,946 | 1,697 | (832) | 430 | (3,418) |
| Purchases of property and equipment | 6 | 17 | 208 | — | — |
| Net cash from investing activities | 1,036 | (2,897) | (2,180) | 12 | 442 |
| Proceeds from issuing equity | — | — | — | — | 1,779 |
| Net cash from financing activities | (1,487) | 4,094 | (489) | (3,007) | 7,430 |
| Net change in cash | 2,495 | 2,894 | (3,501) | (2,564) | 4,454 |
- † Share count changed about 1/20 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| SHF Holdings | 5,730 | 1,935 | (1,755)* | 12.3M | 3.3 quarters | 10-QJun 30, 2026 |
| Forward Industries | 10,965 | 10,780 | (3,351)* | 73.8M | 3.3 quarters | 10-QJun 30, 2026 |
| Stablecoin Development | 7,153 | 2,140 | (1,120)* | 73.1M | 2.4 quarters | 10-QSep 30, 2026 |
| Avax One Technology | 11,368 | 2,817 | (3,722)* | 7.4M | 3.1 quarters | 10-QJun 30, 2026 |
| SUI Group Holdings | 3,141 | 363 | (1,888)* | 76.8M | 1.7 quarters | 10-QJun 30, 2026 |
| Forum Markets | 4,102 | 1,365 | (12,442)* | 13.2M | 3.9 quarters | 10-QJun 30, 2026 |
| Empery Digital | 3,590 | 80 | (6,897)* | 28.1M | 0.5 quarters | 10-QJun 30, 2026 |
| Eightco Holdings | 11,003 | 2,068 | (5,006)* | 429.8M | 12.4 quarters | 10-QJun 30, 2026 |
| Avalanche Treasury | 3,371 | 1,545 | not reported | not reported | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.