olivLaw · US equity research
SHF Holdings, Inc. SHFSW
Finance Services · SIC 6199 · Vertical: Finance Services (SIC 6199)
At the close of 02 Nov 2026, SHF Holdings, Inc. (SHFSW) stock was 0.01 USD (−14.73% on the day), with market capitalisation 135.7 k USD, 52-week range 0.01–0.02 USD. Latest reported quarter (Q2 2026): revenue of 1.9 m USD (+4.8% YoY), net income of -1.5 m USD, diluted EPS -0.36 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- unavailable
- Bollinger (20, 2)
- unavailable – unavailable
- SMA 50 / 200
- unavailable / unavailable
- MACD (12, 26, 9)
- unavailable / unavailable
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | unavailable | −2.3% | unavailable | — |
| 3 months | unavailable | −0.8% | unavailable | — |
| 6 months | unavailable | +4.7% | unavailable | — |
| Year to date | unavailable | +10.2% | unavailable | — |
| 1 year | unavailable | +10.3% | unavailable | −60.8% |
| 3 years | unavailable | +73.0% | unavailable | −69.9% |
| 5 years | unavailable | +61.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.5 m | 3.7 m | 1.9 m | 1.8 m | 1.8 m | 2.1 m | 2.0 m | 1.9 m |
| Operating income | 176.9 k | -7.9 m | -2.0 m | -971.0 k | -1.2 m | -1.2 m | -1.8 m | -1.0 m |
| Depreciation & amortisation | 160.9 k ≈ | 160.6 k | 1.4 k | 1.1 k ≈ | 637 ≈ | 0 | — | — |
| Interest expense | 161.7 k | 48.7 k | 112.8 k | 115.3 k | 252.6 k | 11.9 k | 4.6 k | — |
| Pre-tax income | 360.7 k | -7.9 m | -827.2 k | -989.2 k | 179.5 k | -582.6 k | -1.8 m | -1.5 m |
| Income tax | 6.8 k | 43.8 m | — | -58.5 k | 0 ≈ | 0 | — | — |
| Net income | 353.8 k | -51.7 m | -827.2 k | -930.7 k | 179.5 k | -582.6 k | -1.8 m | -1.5 m |
| Diluted EPS | 0.13 | -19.66 ≈ | -0.30 | -0.33 | 0.06 | -0.18 ≈ | -0.43 | -0.36 |
| Operating cash flow | 502.4 k ≈ | -2.8 m | -1.1 m | -674.6 k ≈ | -538.0 k ≈ | -1.1 m | -1.1 m | -1.8 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 7.0 m | 9.5 m | 17.6 m | 15.2 m | 7.7 m |
| Revenue YoY | unavailable | +35.3% | +85.3% | −13.2% | −49.7% |
| Net income | 3.3 m | -35.1 m | -17.3 m | -48.3 m | -2.2 m |
| Net income YoY | unavailable | −1,168.7% | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -1.85 | -8.12 | -17.43 | -0.82 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 46.9% | -370.6% | -98.4% | -317.0% | -28.2% |
| Free cash flow | 2.9 m | 1.7 m | -1.0 m | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 6.8 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 8.2 m USD
- Total assets
- 17.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.88x
- ROE
- -40.3%
- ROA
- -14.2%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Revenue | 7.0 m | 9.5 m | 17.6 m | 15.2 m | 7.7 m | SEC (XBRL)· 15 Apr 2026verified |
| Operating income | 3.3 m | -2.2 m | -20.7 m | -7.1 m | -5.4 m | SEC (XBRL)· 15 Apr 2026verified |
| Depreciation & amortisation | 1.9 k | 189.3 k | 1.4 m | 711.9 k | 3.2 k | SEC (XBRL)· 15 Apr 2026verified |
| EBITDA | 3.3 m ≈ | -2.0 m ≈ | -19.4 m ≈ | -6.4 m ≈ | -5.4 m ≈ | SEC (XBRL)· 15 Apr 2026derived |
| Interest expense | — | 705.2 k | 1.1 m | 533.4 k | 492.6 k | SEC (XBRL)· 15 Apr 2026verified |
| Pre-tax income | 3.3 m | -44.4 m | -19.1 m | -4.5 m | -2.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Income tax | — | -9.3 m | -1.8 m | 43.9 m | -58.5 k | SEC (XBRL)· 15 Apr 2026verified |
| Net income | 3.3 m | -35.1 m | -17.3 m | -48.3 m | -2.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Diluted EPS | — | -1.85 | -8.12 | -17.43 | -0.82 | SEC (XBRL)· 15 Apr 2026verified |
| Weighted average diluted shares | — | 19.0 m | 2.1 m | 2.8 m | 2.9 m | SEC (XBRL)· 15 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Cash | 5.5 m | 8.4 m | 4.9 m | 2.3 m | 6.8 m | SEC (XBRL)· 15 Apr 2026verified |
| Receivables | 522.9 k | 1.4 m | — | 1.0 m | 1.0 m | SEC (XBRL)· 15 Apr 2026verified |
| Current assets | 6.1 m | 10.2 m | 7.8 m | 11.7 m | 12.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Property, plant & equipment, net | 6.4 k | 49.6 k | 84.2 k | 3.2 k | — | SEC (XBRL)· 10 Apr 2025verified |
| Goodwill | — | 19.3 m | 6.1 m | — | — | SEC (XBRL)· 01 Apr 2024verified |
| Intangibles (excl. goodwill) | — | 10.6 m | 5.7 m | 8.8 m | — | SEC (XBRL)· 10 Apr 2025verified |
| Total assets | 7.5 m | 99.5 m | 67.9 m | 13.2 m | 17.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Accounts payable | 43.6 k | 2.9 m | — | — | — | SEC (XBRL)· 14 Apr 2023verified |
| Long-term debt | — | 18.9 m | 55.6 m | — | — | SEC (XBRL)· 01 Apr 2024verified |
| Current liabilities | 181.5 k | 49.6 m | 7.9 m | 12.7 m | 6.5 m | SEC (XBRL)· 15 Apr 2026verified |
| Total liabilities | 181.5 k | 94.3 m | 33.5 m | 25.5 m | 9.0 m | SEC (XBRL)· 15 Apr 2026verified |
| Equity | 7.3 m † | 5.1 m † | 34.4 m † | 2.5 m | 8.2 m † | SEC (XBRL)· 15 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|
| Operating cash flow | 2.9 m | 1.7 m | -832.1 k | 430.5 k | -3.4 m | SEC (XBRL)· 15 Apr 2026verified |
| Capex | 5.9 k | 17.3 k | 208.4 k | — | — | SEC (XBRL)· 01 Apr 2024verified |
| Free cash flow | 2.9 m ≈ | 1.7 m ≈ | -1.0 m ≈ | — | — | SEC (XBRL)· 01 Apr 2024derived |
| Investing cash flow | 1.0 m | -2.9 m | -2.2 m | 12.4 k | 442.2 k | SEC (XBRL)· 15 Apr 2026verified |
| Financing cash flow | -1.5 m | 4.1 m | -488.8 k | -3.0 m | 7.4 m | SEC (XBRL)· 15 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 4 of at least 6
- score weight coverage: 25.0% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 135.7 k USD
Key indicators
Coverage and freshness
Score by group
25% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -47.3% | 57 (vs peers) | 25% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -6.8% | 0 (on a fixed band) | 33% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -13.6x | 0 (on a fixed band) | 25% |
| Current ratio · Balance sheet | 1.8x | 80 (on a fixed band) | 17% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet32/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial57/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SHF Holdings, Inc. (SHFSW). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 7.7 m USD in 2025; YoY growth -49.7%; net margin -47.3%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.8x
What contradicts it
- Revenue CAGR 3Y: -6.8%
- Interest coverage: -13.6x
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Finance Services (SIC 6199) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AXPAmerican Express Co | 219.9 bn | 18.4 | 35.9% | 27.9% | +6.4% | −10% / +92% |
| COINCoinbase Global, Inc. | 36.5 bn | — | -4.7% | -12.5% | +9.4% | −49% / +11% |
| SOFISoFi Technologies, Inc. | 21.4 bn | 34.7 | 7.1% | 104.3% | +23.1% | −44% / +128% |
| NCTYThe9 LTD | 12.2 bn | — | -158.7% | -379.0% | +0.8% | −63% / −68% |
| WULFTerawulf Inc. | 5.5 bn | — | -1,212.1% | -1,179.9% | +20.3% | −29% / +843% |
| RIOTRiot Platforms, Inc. | 4.4 bn | — | -48.2% | -196.3% | +71.9% | −27% / −6% |
| CLSKCleanSpark, Inc. | 1.8 bn | — | -68.6% | -130.2% | +102.2% | −53% / +15% |
| QFINQfin Holdings, Inc. | 1.3 bn | 1.7 | 25.3% | 31.1% | +16.8% | −73% / −66% |
| BURBurford Capital Limited | 823.4 m | — | -101.5% | — | −24.3% | −61% / −73% |
| CDChaince Digital Holdings Inc. | 634.7 m | — | -12.3% | -182.5% | +277.9% | −40% / +518% |
| JFU9F Inc. | 555.2 m | 24.0 | 4.7% | 125.2% | +12.2% | −51% / −41% |
| FWDIForward Industries, Inc. | 442.3 m | — | -461.4% | -2,073.8% | −9.0% | −33% / −16% |
| JFINJiayin Group Inc. | 352.2 m | 1.6 | 41.3% | 24.7% | +12.0% | −77% / −68% |
| ORBSEightco Holdings Inc. | 301.6 m | — | -157.0% | -1,260.9% | −16.8% | −73% / −77% |
| BTBTBit Digital, Inc. | 265.4 m | — | -56.7% | -237.2% | +5.1% | −69% / −71% |
| CPSSConsumer Portfolio Services, Inc. | 218.7 m | 9.8 | 7.5% | 5.0% | +10.4% | +21% / +6% |
| BNCBNB Standard Corporation | 193.1 m | — | — | — | −59.4% | −35% / −27% |
| USBCUsbc, Inc. | 161.8 m | — | -414.1% | — | −100.0% | −49% / −98% |
| GHIGreystone Housing Impact Investors LP | 111.7 m | — | — | -5.1% | −6.4% | −33% / −72% |
| NAKANakamoto Inc. | 99.1 m | — | -342.8% | -1,507.8% | −33.0% | −72% / unavailable |
| AGPUAxe Compute Inc | 88.2 m | — | -1,565.2% | -7,769.8% | +47.7% | +27% / −84% |
| MGLDThe Marygold Companies, Inc. | 84.1 m | — | -20.7% | -17.3% | +8.0% | +93% / +91% |
| UPXIUpexi, Inc. | 58.5 m | — | -1,356.3% | -984.3% | +58.1% | −75% / −95% |
| BENFBeneficient | 49.3 m | — | — | — | unavailable | −85% / −100% |
| MATHMetalpha Technology Holding Limited | 46.6 m | 2.4 | 59.1% | 35.4% | +165.9% | −64% / −34% |
1- and 3-year price returns: for SHFSW from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.