I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 1.935 M.
EPS: As of FY2026 Q2, the actual value is USD -0.36.
EBIT: As of FY2026 Q2, the actual value is USD -1.534 M.
Financial Performance Overview
Revenue
Total revenue for the second quarter of 2026 was approximately $1.9 million, representing a 4.8% increase year over year compared to approximately $1.8 million in the second quarter of 2025. For the six months ended June 30, 2026, total revenue was approximately $3.9 million, a 3.5% increase from approximately $3.8 million in the same period of 2025.
Loan Program Income
Loan program income in the second quarter of 2026 was approximately $0.8 million, showing a 50.7% increase compared to approximately $0.6 million in the second quarter of 2025. For the six months ended June 30, 2026, loan program income was approximately $1.7 million, an increase of 53.1% from the prior year period, driven by a new agreement with Partner Colorado Credit Union effective October 1, 2025, which increased the company’s share of loan program income to up to 65% from approximately 35%.
Account Fee Income
Account fee income for the second quarter of 2026 was approximately $0.8 million, marking an 18.4% decrease compared to approximately $1.0 million in the second quarter of 2025, primarily due to lower revenue from a merchant service partner.
Investment Income
Investment income remained consistent at approximately $0.3 million for both the second quarter of 2026 and the second quarter of 2025.
Operating Expenses
Total operating expenses for the second quarter of 2026 increased by 5.1% to approximately $3.0 million, compared to approximately $2.8 million in the second quarter of 2025. For the six months ended June 30, 2026, total operating expenses decreased by 0.6% to approximately $6.7 million, compared to the same period in 2025. The quarterly increase was mainly due to higher general and administrative expenses, partially offset by a - $0.4 million credit benefit from risk reduction on certain loans and lower compensation and employee benefits expense.
Operating Loss
Operating loss for the second quarter of 2026 was - $1,026,354, compared to - $971,042 in the second quarter of 2025. For the six months ended June 30, 2026, the operating loss was - $2,789,710, an improvement from - $2,962,537 in the same period of 2025.
Net Loss
Net loss for the second quarter of 2026 was approximately - $1.5 million, compared to a net loss of approximately - $0.9 million for the second quarter of 2025. For the six months ended June 30, 2026, the net loss was - $3,292,452, compared to - $1,757,914 in the prior year period.
Net Loss Attributable to Common Stockholders
Net loss attributable to common stockholders was approximately - $2.5 million, or - $0.36 per basic and diluted share, for the second quarter of 2026, compared to approximately - $0.9 million, or - $0.33 per basic and diluted share, in the second quarter of 2025. This increase was primarily driven by a - $1.0 million non-cash deemed dividend related to induced conversions of Series B Convertible Preferred Stock. For the six months ended June 30, 2026, net loss attributable to common stockholders was - $4,361,210, compared to - $1,757,914 in the same period of 2025.
Cash and Cash Equivalents
Cash and cash equivalents as of June 30, 2026, were $5,729,576, down from $6,779,040 as of December 31, 2025. The net decrease in cash and cash equivalents for the six months ended June 30, 2026, was - $1,049,464, compared to - $2,077,329 in the same period of 2025. Cash and cash equivalents at the end of the six months ended June 30, 2025, were $247,318.
Total Assets and Liabilities
Total assets as of June 30, 2026, were $14,153,304, a decrease from $17,207,024 as of December 31, 2025. Total liabilities as of June 30, 2026, were $8,052,337, down from $8,971,116 as of December 31, 2025.
Total Stockholders’ Equity
Total stockholders’ equity as of June 30, 2026, was $6,100,967, compared to $8,235,908 as of December 31, 2025.
Net Cash Used in Operating Activities
Net cash used in operating activities for the six months ended June 30, 2026, was - $2,834,136, compared to - $1,815,338 in the same period of 2025.
Operational Metrics
Average Deposit Balances
Average deposit balances increased by 6.8%, or $7.0 million, year over year to $108.4 million for the second quarter of 2026. For the three months ended June 30, 2026, the average deposit balance was $108,413,858, up from $101,463,819 in the same period of 2025. For the six months ended June 30, 2026, the average deposit balance was $107,327,311, an increase of 3.4% from $103,756,620 in the same period of 2025.
Trailing 14-day Average Account Balance
The trailing 14-day average account balance increased by 7.9% year over year to $108.9 million for the second quarter of 2026. For the three months ended June 30, 2026, this balance was $108,933,064, compared to $100,915,015 in the prior year period. For the six months ended June 30, 2026, the trailing 14-day average account balance was also $108,933,064, an increase of 7.9% from $100,915,015 in the same period of 2025.
Average Account Balance
Average account balances increased by 6.3% year over year to approximately $141,500 for the second quarter of 2026. For the three months ended June 30, 2026, the average account balance was $141,532, up from $133,155 in the same period of 2025. For the six months ended June 30, 2026, the average account balance was $140,358, an increase of 4.4% from $134,400 in the prior year period.
Average Monthly Account Fees
Average monthly account fees for the three months ended June 30, 2026, were $229,360, a decrease from $276,586 in the same period of 2025. For the six months ended June 30, 2026, average monthly account fees were $235,218, down from $285,433 in the prior year period.
Average Active Accounts
Average active accounts for the three months ended June 30, 2026, were 766, a slight increase from 762 in the same period of 2025. For the six months ended June 30, 2026, average active accounts were 765, a decrease from 772 in the prior year period.
Average Monthly Fees per Account
Average monthly fees per account for the three months ended June 30, 2026, were $299, a decrease from $363 in the same period of 2025. For the six months ended June 30, 2026, average monthly fees per account were $308, down from $370 in the prior year period.
Outlook / Guidance
SHF Holdings, Inc. prioritizes growth and execution for the remainder of 2026, focusing on investments in people, systems, and products, including the expansion of consulting and managed services, and the pooled employer retirement plan. These investments, combined with expense control, are expected to position the company to capitalize on growing opportunities. The company also anticipates benefiting from a more favorable federal cannabis policy environment due to the Department of Justice’s rescheduling of medical cannabis to Schedule III and the DEA’s expedited hearing.