SHF Holdings (SHFS) AI Stock Analysis

• Market Cap: $3.48M
• Dividend Yield: N/A
• Average Volume (3M): 1.64M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.10
• Revenue Growth: -42.15%
• EPS Growth: -1001.66%
• Country: US
• Employees: 41
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.06
• Shares Outstanding: 3,081,076
• 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: 0.97
• Enterprise Value/Revenue: 0.31
• Enterprise Value/Gross Profit: 0.29
• Enterprise Value/Ebitda: -0.37
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $1.00 ▼(-2.91% Downside)

The score is driven down primarily by weak financial performance (declining revenue, negative profitability, and negative operating cash flow). Technicals also lean bearish with price below key moving averages and a negative MACD. Positive corporate actions (debt reduction, Nasdaq compliance, and new financing capacity) provide some support but are secondary to the current operating and cash-flow challenges.

Positive Factors

Diversified business model

Operating across technology, finance and real estate creates multiple, non‑correlated revenue streams and reduces single-market exposure. This diversification supports steadier cash inflows, enables cross‑selling among subsidiaries, and increases resilience to sector shocks over months.

Strengthened capital capacity

Material capital‑structure moves — debt elimination, fresh capital and a $150M equity line — materially expand financing optionality. That reduces default risk and funds strategic investments or acquisitions, supporting multi‑month recovery and execution of growth plans.

Strategic payments expansion

Partnerships adding ACH, cashless ATM and closed‑loop payments create a more complete, compliant payments ecosystem for cannabis clients. Structural product breadth improves customer stickiness, recurring fee potential and competitive differentiation over the medium term.

Negative Factors

Declining revenue and negative margins

Sustained revenue contraction combined with negative EBIT and net margins indicates the core operating model is under stress. Over months, continued top‑line decline and loss‑making operations weaken reinvestment capacity and imperil long‑term profitability without structural fixes.

Negative operating cash flow

Persistent negative operating cash flow signals that operations do not generate sufficient cash to fund working capital or capex, forcing dependence on external financing. This undermines sustainable growth and increases refinancing risk over the medium term.

Balance sheet fragility

A low equity ratio and volatile ROE—partly from previously negative equity—reflect limited capital buffers. Structural balance sheet weakness raises vulnerability to shocks, constrains lending/partner confidence, and may limit ability to pursue strategic investments over months.

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 through a variety of channels, including equity investments in portfolio companies, management fees from subsidiaries, and rental income from real estate holdings. The company often takes an active role in the management of its investments, which allows it to implement strategies that enhance performance and profitability. Additionally, SHF Holdings may engage in joint ventures or partnerships with other firms, allowing it to diversify its income sources and mitigate risks associated with its investments.

SHF Holdings Financial Statement Overview

Summary

Weak fundamentals overall: revenue declined (-14.84% TTM), profitability is negative (net profit and EBIT margins), and operating cash flow is significantly negative. Balance sheet leverage appears manageable, but a low equity ratio and volatile ROE signal stability risk.

Income Statement

SHF Holdings has experienced a decline in revenue with a negative revenue growth rate of -14.84% in the TTM period. The company is facing significant profitability challenges, as indicated by negative net profit and EBIT margins. The gross profit margin remains high, suggesting efficient cost management at the gross level, but overall profitability is severely impacted by high operating expenses.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, indicating manageable leverage. However, the return on equity is volatile, with a high positive ROE in the TTM period, driven by negative equity in previous periods. The equity ratio is relatively low, suggesting potential risks in financial stability.

Cash Flow

The cash flow statement reveals significant negative operating cash flow, indicating operational inefficiencies. The free cash flow growth is positive, but this is overshadowed by the negative operating cash flow. The ratios of cash flow to net income suggest that cash generation is not aligned with reported earnings, highlighting potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.74M	18.41M	20.28M	-32.00M	7.01M	8.04M
Gross Profit	11.70M	19.27M	18.89M	-33.21M	7.00M	8.02M
EBITDA	-9.08M	-3.75M	-17.74M	-44.19M	3.29M	5.12M
Net Income	-53.24M	-48.32M	-17.28M	-35.13M	3.29M	5.12M
Balance Sheet
Total Assets	13.66M	13.22M	67.86M	99.45M	7.52M	4.57M
Cash, Cash Equivalents and Short-Term Investments	861.72K	2.34M	4.91M	8.39M	5.50M	3.00M
Total Debt	753.43K	11.88M	15.02M	58.59M	0.00	0.00
Total Liabilities	6.67M	25.51M	33.51M	94.34M	181.50K	220.95K
Stockholders Equity	7.00M	-12.29M	34.36M	5.11M	7.34M	4.35M
Cash Flow
Free Cash Flow	-5.13M	430.48K	-1.04M	1.68M	2.94M	4.95M
Operating Cash Flow	-5.13M	430.48K	-832.14K	1.70M	2.95M	4.95M
Investing Cash Flow	396.41K	12.39K	-2.18M	-2.90M	1.04M	5.83K
Financing Cash Flow	-266.19K	-3.01M	-488.83K	4.09M	-1.49M	-3.57M

SHF Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.03 is below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.29, and below the 200-day MA of 2.69, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 45.00 is Neutral, neither overbought nor oversold. The STOCH value of 29.17 is Neutral, 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
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BAFN	58 Neutral	$27.99M	-1.15	-11.14%	4.10%	1.63%	-508.72%
KFFB	52 Neutral	$36.47M	67.62	1.11%	―	15.56%	―
GLBZ	44 Neutral	$12.93M	491.89	0.09%	―	5.76%	-72.73%
SHFS	43 Neutral	$3.48M	-0.06	-229.75%	―	-42.15%	-1001.66%

SHF Holdings Corporate Events

SHF Holdings CEO to Present at Microcap Conference

On November 12, 2025, SHF Holdings announced that CEO Terry Mendez will present at the Trickle Research Microcap Conference on November 13, 2025. This marks Safe Harbor’s second investor event since Mendez’s appointment in February 2025. The presentation will highlight the company’s strategic direction, recent achievements, and growth strategy, including resolving liquidity issues, increasing deposit balances, and restructuring the management team. Mendez will also discuss potential impacts of regulatory changes on the cannabis financial services landscape.

The most recent analyst rating on (SHFS) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on SHF Holdings stock, see the SHFS Stock Forecast page.

SHF Holdings Secures $150M Equity Line for Growth

On November 6, 2025, SHF Holdings‘ stockholders approved several proposals at a special meeting, including an amendment to increase authorized shares and a reverse stock split, enhancing the company’s capital structure. Additionally, Safe Harbor Financial announced it regained Nasdaq compliance and raised $6.8 million in new capital, eliminating $18.8 million in debt, and secured a $150 million equity line of credit to support its strategic growth in the cannabis banking and lending markets.

The most recent analyst rating on (SHFS) stock is a Sell with a $2.00 price target. To see the full list of analyst forecasts on SHF Holdings stock, see the SHFS Stock Forecast page.