5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $8M | -$2M | 0.0% | -70.4% | -26.2% | -12.6% | — | — | $7M |
| 2024 | $15M | -$48M | 0.0% | -46.5% | 393.2% | -365.6% | — | — | $2M |
| 2023 | $18M | -$17M | 0.0% | -118.0% | -50.3% | -25.5% | -$1M | $56M | $5M |
| 2022 | $9M | -$35M | 0.0% | -23.2% | -687.0% | -35.3% | $2M | $19M | $8M |
| 2021 | $7M | $1M | 0.0% | -10.3% | 17.0% | 16.6% | -$554470 | — | $5M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $2M | -$2M | 0.0% | -53.0% | -24.8% | -10.7% | — | — | $6M |
| Mar '26 | $2M | -$2M | 0.0% | -89.3% | -26.5% | -11.3% | — | — | $6M |
| Dec '25 | $2M | -$582592 | 0.0% | -59.1% | -7.1% | -3.4% | — | — | $7M |
| Sep '25 | $2M | $179508 | 0.0% | -66.4% | 2.6% | 1.3% | — | — | $861722 |
| Jun '25 | $2M | -$930715 | 0.0% | -52.6% | 5.2% | -15.6% | — | — | $247318 |
| Mar '25 | $2M | -$827199 | 0.0% | -103.1% | 4.9% | -12.4% | — | — | $931397 |
| Dec '24 | $4M | -$52M | 0.0% | -215.0% | 420.4% | -390.9% | — | — | $2M |
| Sep '24 | $3M | $353817 | 0.0% | 5.1% | 0.9% | 0.5% | — | $55M | $6M |
| Jun '24 | $4M | $941527 | 0.0% | 7.4% | 2.4% | 1.4% | — | $55M | $6M |
| Mar '24 | $4M | $2M | 0.0% | 8.0% | 5.5% | 3.0% | — | $58M | $6M |
| Dec '23 | $4M | $2M | 0.0% | -38.6% | 7.2% | 3.7% | -$607112 | $56M | $5M |
| Sep '23 | $4M | -$748067 | 0.0% | 12.3% | -2.8% | -1.0% | $739754 | $15M | $9M |
| Jun '23 | $5M | -$18M | 0.0% | -391.7% | -64.4% | -24.4% | -$392509 | $15M | $8M |
| Mar '23 | $4M | -$1M | 0.0% | -38.8% | -3.2% | -1.6% | -$780711 | $15M | $9M |
| Dec '22 | $4M | -$37M | 0.0% | -108.0% | -724.1% | -37.2% | -$273970 | $19M | $8M |
| Sep '22 | $2M | $1M | 0.0% | 34.7% | 3.4% | 1.1% | $727410 | $18M | $7M |
| Jun '22 | $2M | $336344 | 0.0% | 18.2% | 4.0% | 0.3% | $724584 | — | $172441 |
| Mar '22 | $2M | $501600 | 0.0% | 30.0% | 6.3% | 0.4% | $502038 | — | $47885 |
| Dec '21 | $2M | -$571118 | 0.0% | -27.2% | -7.8% | -7.6% | $757917 | — | $5M |
| Sep '21 | $2M | $4M | 0.0% | -14.2% | 54.7% | 3.0% | — | — | $330240 |
How the market has priced SHFS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, SHF Holdings, Inc.'s revenue has grown 2.3% per year. These are computed facts, not advice.
As of FY2025, SHF Holdings, Inc. reported — of total debt against $7M of cash; operating income covered interest expense -11.0×.
In FY2025, gross margin was —, operating margin -70.4%, and net margin -28.2%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.