SHF Holdings, Inc.
SHFSNasdaqFinancials · Finance Services · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
| Revenue | $7.7M | $15.2M | $17.6M | $9.5M | $7.0M |
| Operating income | −$5.4M | −$7.1M | −$20.7M | −$2.2M | $3.3M |
| Net income | −$2.2M | −$48.3M | −$17.3M | −$35.1M | $3.3M |
| Total assets | $17.2M | $13.2M | $67.9M | $99.5M | $7.5M |
| Total liabilities | $9.0M | $25.5M | $33.5M | $94.3M | $181,505 |
| Equity | $8.2M | −$12.3M | $34.4M | $5.1M | $7.3M |
| EPS (diluted) | $-0.82 | $-17.43 | $-8.12 | $-1.85 | — |
| Shares out. | 2.8M | 55.4M | 41.1M | 23.7M | 0 |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −70.4%
- Net margin
- −28.2%
- Return on equity
- −26.2%
- Return on assets
- −12.6%
- Return on capital (ROCE)
- −50.4%
- Liabilities / assets
- 52.1%
- Debt / equity
- 1.09×
- Book value / share
- $2.96
- Revenue growth (YoY)
- −49.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -22.26distress
- Accruals / assets
- 7.3%moderate
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 0 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2026
- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- M3 Partners LpPassive (13G)Dec 30, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 189,199 | 1.0 | -25.0% |
| Apr 30, 2026 | 252,355 | 1.0 | +260.3% |
| Apr 15, 2026 | 70,039 | 1.1 | -19.1% |
| Mar 31, 2026 | 86,614 | 1.3 | -51.9% |
| Mar 13, 2026 | 180,015 | 1.0 | +47.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 18, 2026
- Director / officer changeMay 11, 2026
- Other material eventMay 6, 2026
- Other material eventApr 30, 2026
- Delisting / listing-standard notice · Director / officer change · Other material eventApr 24, 2026
- Other material eventApr 21, 2026
- Results of operationsApr 16, 2026
- Results of operations · Item 5.05Apr 1, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.