SHF Holdings, Inc. (SHFS) Earnings
SHF Holdings, Inc. is expected to report next earnings on August 18, 2026 (in NaN days), with a consensus EPS estimate of $1.00.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 15, 2026 | — | $-0.43 | — | $6M | — |
| Nov 12, 2025 | — | $-0.79 | — | $2M | — |
| Aug 14, 2025 | — | $-0.33 | — | $2M | — |
| May 20, 2025 | — | $-0.11 | — | $3M | — |
| Aug 14, 2024 | — | $0.40 | — | $4M | — |
| Apr 1, 2024 | — | $0.20 | — | $4M | — |
| Mar 14, 2024 | — | $0.05 | — | $4M | — |
| Nov 14, 2023 | — | $-0.40 | — | $3M | — |
| Aug 14, 2023 | — | $-8.00 | — | $4M | — |
| May 15, 2023 | — | $-1.20 | — | $4M | — |
| Nov 14, 2022 | — | $1.20 | — | $3M | — |
| Aug 22, 2022 | — | $0.02 | — | $2M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2024 · November 13, 2024
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Throughout the third quarter of 2024, Safe Harbor continued to build credibility as a trusted financial partner for cannabis industry businesses. - Best-in-class financial services platform remains industry standard as cannabis-related businesses seek regulatory compliance. - Financial highlights: net income increased 147% y/y in Q3 2024 to $354,000; loan interest income up 48% Q3 and 143.5% 9 months y/y; operating expenses down 13% Q3 and 66% 9 months y/y. - Challenges: cannabis sector headwinds, lower deposit activity, pricing pressures, excess supply, competition. - In July, announced partnership with BIPOCann to support minority-owned small businesses and entrepreneurs in cannabis sector. - Originated a new $1.07 million secured credit facility for a Missouri-based cannabis operator, first tranche of a $5 million commitment. - Outlook on election results and upcoming DEA reclassification hearing, with hope for middle ground and potential industry opportunities. - Focus on expanding customer base, delivering best-in-class service, developing innovative offerings, acquiring account portfolios, expanding deposit base, and competitive pricing.
Guidance
- Management expects full year 2024 revenue to be in the range of $15 million to $15.5 million.
Segment performance
For the three months ended September 30, 2024, Safe Harbor reported revenue of $3.5 million, down 19.6% from $4.3 million in the comparable prior year period. Revenue for deposit activity and onboarding was $1.6 million, a decrease of 26% versus the comparable prior year period. Investment income for the three months ended December 30, 2024, was $475,000, a decrease of approximately 60% versus the comparable prior year period. Loan interest income in the third quarter of 2024 grew 48% versus the comparable prior year period to $1.3 million. For the nine months ended September 30, 2024, Safe Harbor reported total revenue of $11.6 million, a decrease of 11.6% from $13.1 million for the comparable prior year period. Deposit activity and onboarding revenue was $4.9 million, a decrease of more than 29.6% versus the comparable prior year period. Investment income was $1.75 million, a decrease of 56.5% versus the comparable prior year period. Loan interest income grew 143.5% versus the comparable prior year period to $4.8 million. Total operating expenses for the three months ended September 30, 2024, were $3.3 million compared to $3.8 million for the comparable prior year period. For the nine months ended September 30, 2024, total operating expenses were $10.8 million versus $32.1 million in the prior year period (excluding a $16.9 million impairment charge in 2023). Net income in the third quarter of 2024 was $354,000 compared to a net loss of $748,000 in the comparable prior year period. For the nine months ended September 30, 2024, the company reported net income of $3.3 million versus a net loss of $19.8 million for the nine months ended September 30, 2023.
Risks & headwinds
- Lack of regulation in the emerging market of CBD and THC derivatives from HEP poses higher risk for providing compliant financial services. - Market conditions for cannabis-related businesses, including pricing pressures, excess supply, and increased competition as new states legalize. - Impact of regulatory changes and political developments on the cannabis industry.