SHF Holdings Q1 revenue rises 2.2%, loan income jumps 56%
SHF Holdings Inc Class A SHFS | 0.00 |
Overview
US cannabis fintech platform's Q1 revenue rose 2.2% yr/yr to about $2 mln
Loan program income jumped 55.6% yr/yr, aided by new PCCU agreement
Operating expenses fell 4.7% yr/yr due to cost-cutting measures
Outlook
Company expects addressable market to expand as federal cannabis rescheduling drives industry changes
SHF Holdings sees a more favorable regulatory backdrop for remainder of 2026
Company plans disciplined execution to pursue growth ambitions through 2026
Result Drivers
LOAN PROGRAM INCOME - Co said loan program income rose 55.6% yr/yr, mainly due to revised PCCU agreement increasing share of loan interest income
COST CUTTING - Co attributed 4.7% yr/yr decrease in operating expenses to lower professional service fees, compensation rates, non-cash stock-based compensation, and improved loan risk ratings
ACCOUNT FEE INCOME DECLINE - Co said account fee income fell 19% yr/yr, mainly due to increased popularity of money market accounts and lower fees from merchant service partners
Company press release: ID:nGNX21ZcYF
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Revenue |
|
$2 mln |
|
Q1 EPS |
|
-$0.43 |
|
Q1 Net Income |
|
-$1.80 mln |
|
Q1 Operating Expenses |
|
$3.74 mln |
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