SHFS · Shf Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $7.67M | $15.24M | $17.56M | $7.01M | - |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| R&D | - | - | - | - | - |
| SG&A | $3.29M | $4.02M | $6.57M | $567.9K | - |
| Total Operating Expenses | $13.07M | $22.33M | $38.28M | $3.72M | - |
| D&A | $3.2K | $711.9K | $1.37M | $1.9K | - |
| Operating Income | ($5.40M) | ($7.09M) | ($20.71M) | ($2.20M) | ($719.1K) |
| Interest Expense | $492.6K | $533.4K | $1.11M | $802.8K | - |
| Income Tax | ($58.5K) | $43.86M | ($1.83M) | ($9.25M) | - |
| Net Income | ($2.16M) | ($48.32M) | ($17.28M) | $3.29M | $1.25M |
| EPS - Basic | ($0.82) | ($17.43) | ($8.20) | ($37.00) | - |
| EPS - Diluted | ($0.82) | ($17.43) | ($8.20) | ($37.00) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash & Equivalents | $6.78M | $2.32M | $4.89M | $8.39M | $254.5K |
| Accounts Receivable | $1.00M | - | - | $1.40M | - |
| Inventory | - | - | - | - | - |
| Accounts Payable | - | - | - | $2.85M | - |
| Current Assets | $12.20M | $11.70M | $7.76M | $10.23M | $437.0K |
| Total Assets | $17.21M | $13.22M | $67.86M | $99.34M | $117.85M |
| Current Liabilities | $6.50M | $12.68M | $7.90M | $49.57M | $475.6K |
| Long-term Debt | - | - | $55.65M | $18.90M | - |
| Total Liabilities | $8.97M | $25.51M | $33.51M | $94.23M | $7.33M |
| Stockholders' Equity | $8.24M | ($12.29M) | $34.36M | $5.11M | ($6.78M) |
| Retained Earnings | ($122.92M) | ($120.76M) | ($71.57M) | ($39.70M) | ($6.78M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($3.42M) | $430.5K | ($832.1K) | $2.95M | ($548.5K) |
| Investing Cash Flow | $442.2K | $12.4K | ($2.18M) | ($2.90M) | ($117.30M) |
| Financing Cash Flow | $7.43M | ($3.01M) | ($488.8K) | ($1.49M) | $118.10M |
| CapEx | - | - | $208.4K | $17.3K | - |
| Free Cash Flow | - | - | ($1.04M) | $2.93M | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | - | - | - | - |
| Operating margin | -70.4% | -46.5% | -117.9% | -31.4% | - |
| EBITDA margin | -70.3% | -41.9% | -110.1% | -31.3% | - |
| Net margin | -28.2% | -317.0% | -98.4% | 46.9% | - |
| Free cash flow margin | - | - | -5.9% | 41.8% | - |
| FCF / Net income | - | - | 0.06 | 0.89 | - |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 42.9% | 26.4% | 37.4% | 8.1% | - |
| Effective tax rate | - | - | - | - | - |
| Return on assets | -12.6% | -365.6% | -25.5% | 3.3% | 1.1% |
| Return on equity | -26.2% | 393.2% | -50.3% | 64.3% | -18.4% |
| Return on invested capital | - | - | -18.2% | -7.2% | - |
| Liquidity | |||||
| Current ratio | 1.88 | 0.92 | 0.98 | 0.21 | 0.92 |
| Quick ratio | 1.88 | 0.92 | 0.98 | 0.21 | 0.92 |
| Cash ratio | 1.04 | 0.18 | 0.62 | 0.17 | 0.54 |
| Leverage | |||||
| Debt / Equity | - | - | 1.62 | 3.70 | - |
| Debt / Assets | - | - | 0.82 | 0.19 | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -11.0x | -13.3x | -18.6x | -2.7x | - |
| Equity multiplier | 2.09 | -1.08 | 1.98 | 19.43 | -17.38 |
| Liabilities / Assets | 0.52 | 1.93 | 0.49 | 0.95 | 0.06 |
| Efficiency | |||||
| Asset turnover | 0.45 | 1.15 | 0.26 | 0.07 | - |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 48d | - | - | 73d | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | 0.4x | - | 35.2x | - | - |
| P / S | 0.4x | 1.6x | 68.8x | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -49.7% | -13.2% | 150.7% | - | - |
| Revenue CAGR (3y) | 3.1% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - |
| Operating income growth (YoY) | 23.9% | 65.8% | -842.4% | -205.6% | - |
| Net income growth (YoY) | 95.5% | -179.6% | - | 164.0% | - |
| EPS growth (YoY) | 95.3% | -112.6% | 77.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | - | - | 571.9% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$12.60M totalCommercial Alliance Agreement$12.60M · 100.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-5.96
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing SHF Holdings against the 5 most active filers in the same SIC group.