---
title: "Safe Harbor Financial reports Q1 2026 revenue $2.0M, loan income up 55.6%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286766403.md"
description: "Safe Harbor Financial reported Q1 2026 revenue of $1.98M, a 2.2% increase year-over-year, with loan income rising 55.6% to $0.8M. The company faced an operating loss of $1.76M and a net loss of $1.78M. Cash and equivalents stood at $5.9M, while stockholders’ equity was $6.7M. Management noted improvements in the balance sheet and expanded product offerings, including cannabis insurance solutions and a new 401(k) plan for cannabis businesses."
datetime: "2026-05-18T11:53:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286766403.md)
  - [en](https://longbridge.com/en/news/286766403.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286766403.md)
---

# Safe Harbor Financial reports Q1 2026 revenue $2.0M, loan income up 55.6%

Safe Harbor Financial reported first-quarter 2026 revenue of $1.98 million, up 2.2% year-over-year, driven by a 55.6% increase in loan program income to approximately $0.8 million. The company recorded an operating loss of $1.76 million and a net loss of $1.78 million for the quarter, while cash and cash equivalents totaled $5.9 million and stockholders’ equity was $6.7 million as of March 31, 2026. Management highlighted balance sheet improvement, expanded product offerings and regulatory developments that could broaden the addressable market.

**Financial Highlights**

-   Total revenue: $1,975,439 for the three months ended March 31, 2026, compared with $1,932,352 for the same period in 2025.
-   Loan program income: approximately $0.8 million for Q1 2026, an increase of 55.6% year over year (from approximately $0.5 million).
-   Total operating expenses: $3,738,795 for Q1 2026, down 4.7% from $3,923,847 in Q1 2025.
-   Operating loss: $(1,763,356) for Q1 2026; Net loss: $(1,779,217) for Q1 2026.
-   Balance sheet snapshots: Cash and cash equivalents of $5,897,470 and Total Stockholders’ Equity of $6,725,281 as of March 31, 2026.

**Business Highlights**

-   Expanded product offerings into cannabis insurance solutions through partnerships with Frontier Risk and AlphaRoot to provide tailored property, liability, workers' compensation and risk management products.
-   Broadened payments portfolio by adding Lüt and GreenCard, introducing closed-loop, ACH-debit and end-to-end payment infrastructure across major cannabis payment methods.
-   Entered a Second Amended PCCU Agreement (extended through December 2031) increasing Safe Harbor’s share of loan interest income to up to 65%, reducing asset hosting fees, and including a retroactive payment.
-   Launched a pooled employer 401(k) retirement plan tailored to state-legal cannabis businesses and expanded a full-spectrum lending platform covering commercial real estate, working capital, equipment financing, revenue-based lending, accounts receivable financing, bridge financing, sale-leaseback, business acquisition financing and loan syndications.
-   Operational deposit growth: average deposit balances in emerging U.S. markets grew 29% year over year, adding over 100 new customer depository accounts and representing 31% of total average deposit balances.

Original SEC Filing: SHF Holdings, Inc. \[ SHFS \] - 8-K - May. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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