SHFS
SHF Holdings, Inc.
Price as of Jul 20, 2026
SHFS earnings
SHF Holdings, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| 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 | — |
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.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-08-18.