SHF Holdings, Inc. (SHFS)

Nasdaq: SHFS · Finance Services · Golden, CO · filing with the SEC since 2021

Full chart Alerts Compare

Grade3.8

◀ Past 2.1● Present 4.1▶ Future 5.9

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of SHF Holdings, Inc.

Nine metrics read from its own filings, by tense

Headline grade

3.8/10

◀ Past2.140% of the headline

● Present4.135% of the headline

▶ Future5.925% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

0.0/10

Has it survived what it has been through?

26 warning events since 2021; the latest 2026-11-12.

weight 45% of this tense · 0th percentile among 130 sector filers · read for itself

From the record

SHF Holdings, Inc.'s filings since 2021 show 26 warning events of 5 kinds: a debt default or acceleration notice (8-K item 2.04, 4 times, the latest 2024-12-19); a notice about its exchange listing (8-K item 3.01, 10 times, the latest 2026-11-12); a warning not to rely on past financial statements (8-K item 4.02, 3 times, the latest 2025-08-22); an auditor change (8-K item 4.01, 4 times, the latest 2025-05-02); a late-report notice (Form NT 10-K or NT 10-Q, 5 times, the latest 2026-04-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.7/10

What has it actually done, year after year?

+2.3% a year over 5 filed years; profitable in 1 of 5.

weight 22% of this tense · 37th percentile among 104 sector filers · read for its customers

From the record

SHF Holdings, Inc.'s 5 filed years say what it did: revenue went from $7 million in fiscal 2021 to $8 million in fiscal 2025, up 2.3% a year; it rose in 2 of 4 years; the deepest fall was 56% from fiscal 2023 to fiscal 2025; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

revenue growth over the filed span2.3%bottom 33% of its family
the share of years revenue rosebottom 36% of its family
the share of filed years with a profitbottom 40% of its family
the deepest fall from a revenue peak56.3%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

3.9/10

How has it treated the people who own it?

SI estimate 3.9/10, confidence 35 of 100 (one part).

weight 33% of this tense · 39th percentile among 115 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 39% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 115 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: SHF Holdings, Inc.'s shareholder treatment is put at 3.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 39% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.1/1035% of the headline grade · 3 of 3 filed

Financial health

as filed

5.3/10

Is it financially healthy right now?

ROE -26%: lost 26¢ per shareholder dollar. Leverage 52%: owes 52¢ per asset dollar.

weight 45% of this tense · 53rd percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, SHF Holdings, Inc. lost about 26 cents for every dollar of shareholders' money. Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 5.4% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 48% of its family
return on equitybottom 42% of its family
the share count against the year beforetop 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.7/10

How strong is its position in its industry?

bottom 37% of 114 in its family; net margin -28.2%.

weight 33% of this tense · 37th percentile among 114 sector filers · read for its customers

From the record

SHF Holdings, Inc.'s standing among 114 graded names in its industry family: revenue of $8 million in fiscal 2025 ranks in the bottom 24% by size; a net margin of -28.2% ranks in the top 42%; revenue growth of -6.8% a year over the last 3 filed years ranks in the bottom 30% (its annual reports).

What it rests on

revenue against the family$7.7Mbottom 24% of its family
net margin-28.2%top 42% of its family
three-year revenue growth-6.8%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

2.2/10

What are the people in charge doing?

bottom 22% of 50 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 22nd percentile among 50 sector filers · read for its shareholders

From the record

SHF Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mendez, Terrance Elliot (Director, CEO and CFO, as filed), filing under that title since 2025-02-14, 1.7 years (top 46% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 10 months (bottom 8%); 22 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 3%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge22 in three years among 6 peoplebottom 3% of its family
the median years the people in charge have filed10 monthsbottom 8% of its family
the chief executive's years on the record1.7 yearstop 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.9/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

7.0/10

How much room does it have to grow?

top 29% of 108 in its family for room to expand.

weight 33% of this tense · 71st percentile among 108 sector filers · read for itself

From the record

SHF Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $7 million against no long-term debt tagged leaves 39.4% of its assets as net cash, top 8% of its family; cash from operations less capital spending is -44.5% of revenue (bottom 49%) (its annual report).

What it rests on

cash less debt against assets39.4%top 8% of its family
cash from operations less capital spending against revenue-44.5%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.7/10

What could actually drive growth from here?

bottom 47% of 100 in its family for growth drivers.

weight 33% of this tense · 47th percentile among 100 sector filers · read for its customers

From the record

SHF Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.8% a year over the last three filed years against 2.3% over all 5, slowing (bottom 33% of its family); the newest year grew -49.7% (bottom 9%); capital spending grew 494.1% a year (top 2%) (its annual reports). SHF Holdings, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-9.1 points a yearbottom 33% of its family
the newest year's revenue growth-49.7%bottom 9% of its family
three-year growth of capital spending494.1%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.1/10

Did its newest year beat what its own record pointed to?

top 39% of 78 in its family for expectations against reality.

weight 33% of this tense · 61st percentile among 78 sector filers · read for its shareholders

From the record

SHF Holdings, Inc.'s newest year against its own record: revenue of $8 million in fiscal 2025 came in 60.3% below the $19 million its prior three years' pace pointed to (bottom 13% of its family); net income of $2 million against a prior three-year average of $34 million (top 18%); a net margin of -28.2% against losses larger than its revenue before (top 12%) (its annual reports).

What it rests on

revenue against the prior three years' pace-60.3%bottom 13% of its family
net income against the prior three years' average+94%top 18% of its family
net margin against its prior averageup more than 100 pointstop 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SHFS · research, not advice