SHF Holdings Q1 revenue rises 2.2%, loan income jumps 56%

SHF Holdings Inc Class A

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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.