SHF Holdings (SHFS) AI Stock Analysis

• Market Cap: $11.16M
• Dividend Yield: N/A
• Average Volume (3M): 1.64M
• Price to Earnings (P/E): 2.0
• Beta (1Y): 1.63
• Revenue Growth: -35.31%
• EPS Growth: -1227.86%
• Country: US
• Employees: 41
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): -0.33
• Shares Outstanding: 2,953,473
• 10 Day Avg. Volume: 77,234
• 30 Day Avg. Volume: 1,636,468
• PEG Ratio: >-0.01
• Price to Book (P/B): -2.03
• Price to Sales (P/S): 1.36
• P/FCF Ratio: 58.04
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 1.57
• Enterprise Value/Gross Profit: 1.59
• Enterprise Value/Ebitda: -2.06
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: $2.50 ▼(-22.12% Downside)

The overall stock score for SHFS is primarily impacted by its poor financial performance and weak technical indicators. The company's financial instability, marked by declining revenues and high leverage, is a significant risk. Additionally, bearish technical signals and negative valuation metrics further contribute to the low score. Strategic interventions are necessary to improve the company's financial health and market perception.

SHF Holdings Business Overview & Revenue Model

Company Description

SHF 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.

How the Company Makes Money

SHF Holdings generates revenue primarily through interest income on loans provided to its clients and fees associated with its banking and financial services. The company leverages its expertise in financial solutions to cater to specific markets, enabling it to charge competitive interest rates and service fees. Additionally, SHF Holdings may engage in strategic partnerships with other financial institutions to expand its service offerings and market reach, thus potentially enhancing its revenue streams and market presence.

SHF Holdings Financial Statement Overview

Summary

SHF Holdings faces significant financial challenges with declining revenues, consistent net losses, and high leverage. The negative equity position and poor profitability metrics indicate financial instability. While there are some improvements in cash flow, the overall financial health of the company is concerning.

Income Statement

The income statement shows a concerning trend with declining revenues and consistent net losses over the years. The gross profit margin is positive, but the net profit margin is significantly negative, indicating operational inefficiencies. The revenue growth rate is negative, reflecting a decline in business activity. Both EBIT and EBITDA margins are negative, highlighting profitability challenges.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio due to negative stockholders' equity, indicating financial instability. The return on equity is negative, reflecting poor profitability. The equity ratio is negative, suggesting that liabilities exceed assets, which is a significant risk factor for the company's financial health.

Cash Flow

Cash flow analysis shows some positive aspects, such as a recent improvement in operating cash flow. However, free cash flow growth is inconsistent, and the free cash flow to net income ratio is not favorable due to persistent net losses. The operating cash flow to net income ratio is positive, indicating some operational cash generation despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.11M	18.41M	20.28M	-32.00M	7.01M	8.04M
Gross Profit	11.00M	19.27M	18.89M	-33.21M	7.00M	8.02M
EBITDA	-8.48M	-3.75M	-17.74M	-44.19M	3.29M	5.12M
Net Income	-52.56M	-48.32M	-17.28M	-35.13M	3.29M	5.12M
Balance Sheet
Total Assets	5.96M	13.22M	67.86M	99.34M	7.52M	4.57M
Cash, Cash Equivalents and Short-Term Investments	247.32K	2.34M	4.89M	8.39M	5.50M	3.00M
Total Debt	11.54M	11.88M	15.02M	1.03M	0.00	0.00
Total Liabilities	23.81M	25.51M	33.51M	94.34M	181.50K	220.95K
Stockholders Equity	-17.86M	-12.29M	34.36M	5.11M	7.34M	4.35M
Cash Flow
Free Cash Flow	-4.09M	430.48K	-1.04M	1.68M	2.94M	4.95M
Operating Cash Flow	-4.09M	430.48K	-832.14K	1.70M	2.95M	4.95M
Investing Cash Flow	12.86K	12.39K	-2.18M	-2.90M	1.04M	5.83K
Financing Cash Flow	-1.79M	-3.01M	-488.83K	4.09M	-1.49M	-3.57M

SHF Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.21
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SHFS, the sentiment is Negative. The current price of 3.21 is below the 20-day moving average (MA) of 5.00, below the 50-day MA of 4.12, and below the 200-day MA of 4.34, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 39.52 is Neutral, neither overbought nor oversold. The STOCH value of 11.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SHFS.

SHF Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BAFN	72 Outperform	$38.77M	5.51	8.93%	3.44%	7.07%	96.65%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
KFFB	52 Neutral	$31.62M	168.16	0.38%	―	19.55%	―
GLBZ	49 Neutral	$13.66M	446.73	0.17%	2.09%	8.99%	-94.06%
SHFS	38 Underperform	$11.16M	2.00	-515.18%	―	-35.31%	-1227.86%

SHF Holdings Corporate Events

SHF Holdings Awaits Nasdaq Compliance Confirmation

On April 7, 2025, SHF Holdings received a notice from Nasdaq indicating non-compliance with listing requirements due to insufficient stockholders’ equity. The company has since taken actions to regain compliance, believing its equity now exceeds the $2.5 million threshold required by Nasdaq. SHF Holdings issued Series B Preferred Stock and Warrants, exempt from registration under the Securities Act, to bolster its financial standing. The company awaits Nasdaq’s confirmation of compliance and has filed a Certificate of Designation for the Series B Preferred Stock, which is convertible into Class A Common Stock.

The most recent analyst rating on (SHFS) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on SHF Holdings stock, see the SHFS Stock Forecast page.

SHF Holdings Announces Key Leadership Appointments

On September 24, 2025, SHF Holdings, Inc. made several key appointments and changes within its leadership team. Douglas Beck was appointed as the Principal Accounting Officer while continuing his role as Senior Vice President of Finance, Controller. Michael Regan was named Chief Investment & Strategy Officer, and Jeffrey Kay was appointed Chief Marketing Officer. Additionally, the board of directors decided to reduce its size from seven to five members. These changes are expected to streamline operations and strengthen the company’s strategic focus.

The most recent analyst rating on (SHFS) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on SHF Holdings stock, see the SHFS Stock Forecast page.

SHF Holdings Announces Unregistered Equity Securities Sale

SHF Holdings announced that the September Note was offered and sold to an investor under the exemption from registration provided by Section 4(a)(2) of the Securities Act and Regulation D. This transaction reflects the company’s strategic financial maneuvers to leverage regulatory exemptions, potentially impacting its capital structure and investor relations.

The most recent analyst rating on (SHFS) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on SHF Holdings stock, see the SHFS Stock Forecast page.

SHF Holdings Announces Unregistered Sales of Equity Securities

SHF Holdings announced that it has offered and sold Notes to investors, utilizing the exemption from registration provided by Section 4(a)(2) of the Securities Act and Regulation D. This move could potentially impact the company’s financial strategy and investor relations by leveraging regulatory exemptions to facilitate capital raising.

The most recent analyst rating on (SHFS) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on SHF Holdings stock, see the SHFS Stock Forecast page.