Shf Holdings Inc. ( (SHFS) ) has released its Q1 earnings. Here is a breakdown of the information Shf Holdings Inc. presented to its investors.
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SHF Holdings Inc., based in Golden, Colorado, specializes in providing financial solutions for the cannabis industry, facilitating compliant banking services through its proprietary technology platform. In its latest earnings report for the quarter ended March 31, 2025, SHF Holdings reported a decline in revenue to $1.93 million from $4.05 million in the same quarter of the previous year, alongside a net loss of $313,627 compared to a net income of $2.05 million in the prior year. The company faced challenges with a significant decrease in cash and cash equivalents to $931,397 and a working capital deficit of $6.72 million, raising concerns about its ability to continue as a going concern. Despite a reduction in operating expenses, the decrease in revenue from depository activities and ongoing legal expenses impacted its financial performance. Looking ahead, SHF Holdings is exploring strategic partnerships and financing options to address liquidity challenges and aims to regain compliance with Nasdaq’s listing requirements, reflecting management’s commitment to stabilizing the company’s financial position.