Revenue: As of FY2026 Q1, the actual value is USD 1.975 M.

EPS: As of FY2026 Q1, the actual value is USD -0.43.

Segment Revenue

• Loan Program Income: Safe Harbor Financial reported approximately $0.8 million for Q1 2026, marking a 55.6% increase from approximately $0.5 million in Q1 2025, driven by an increased share of loan program income to 65% from approximately 37% due to the Second Amended Commercial Alliance Agreement with PCCU.
• Account Fee Income: Account fee income was approximately $0.9 million for Q1 2026, a 19.0% decrease from approximately $1.1 million in Q1 2025, primarily due to the increased popularity of money market accounts and lower fees from merchant service partners.
• Investment Income: Investment income for Q1 2026 was $0.2 million, a decrease of $0.05 million or 17.8% from $0.3 million in Q1 2025, attributed to a decline in the interest on reserve balance (IORB) rate despite growth in the net average daily investable deposit base.

Operational Metrics

• Total Operating Expenses: Total operating expenses decreased by 4.7% to $3,738,795 in Q1 2026, down from $3,923,847 in Q1 2025, due to cost-cutting measures including lower professional service fees, compensation rates, non-cash stock-based compensation costs, and a $0.3 million credit benefit.
  • Compensation and employee benefits were $1,660,658 in Q1 2026, compared to $1,372,481 in Q1 2025.
  • General and administrative expenses were $1,068,400 in Q1 2026, compared to $990,826 in Q1 2025.
  • Professional services expenses were $1,145,809 in Q1 2026, compared to $1,499,534 in Q1 2025.
  • A credit benefit of -$316,576 was recorded in Q1 2026, compared to $0 in Q1 2025.
• Operating Loss: The operating loss for Q1 2026 was -$1,763,356, an improvement from -$1,991,495 in Q1 2025.
• Net Loss: The net loss for Q1 2026 was -$1,779,217, compared to -$827,199 for Q1 2025, with the prior year’s net loss including a non-cash benefit of $1.1 million related to the change in the fair value of warrant liabilities.

Balance Sheet Highlights

• Cash and Cash Equivalents: Cash and cash equivalents were $5,897,470 as of March 31, 2026, a decrease from $6,779,040 as of December 31, 2025.
• Total Assets: Total assets were $15,687,691 as of March 31, 2026, down from $17,207,024 as of December 31, 2025.
• Total Liabilities: Total liabilities were $8,962,410 as of March 31, 2026, a slight decrease from $8,971,116 as of December 31, 2025.
• Total Stockholders’ Equity: Total stockholders’ equity was $6,725,281 as of March 31, 2026, decreasing from $8,235,908 as of December 31, 2025, but representing an improvement from a stockholders’ deficit of -$16.9 million twelve months prior.

Cash Flow

• Net cash used in operating activities: Net cash used in operating activities was -$1,078,657 for Q1 2026, an improvement from -$1,140,730 for Q1 2025.
• Net cash provided by investing activities: Net cash provided by investing activities increased to $25,017 for Q1 2026, from $3,245 for Q1 2025.
• Net cash provided by (used in) financing activities: Net cash provided by financing activities was $172,070 for Q1 2026, a positive shift from -$255,765 for Q1 2025.
• Net decrease in cash and cash equivalents: The net decrease in cash and cash equivalents was -$881,570 for Q1 2026, an improvement from -$1,393,250 for Q1 2025.

Unique Operational Metrics

• PCCU Agreement: The Second Amended PCCU Agreement, effective October 1, 2025, is projected to generate at least $9 million in incremental revenue over its term and reduce asset hosting fees by approximately 23% annually, also including a retroactive payment of approximately $400,000.
• Emerging Market Deposit Growth: Average deposit balances in emerging U.S. markets grew 29% year over year by March 2026, adding over 100 new customer depository accounts and increasing these markets’ contribution to 31% of the Company’s total average deposit balances.
• Transactions Facilitated: Safe Harbor Financial has facilitated over $35 billion in cannabis-related transactions across 41 states and territories.

Outlook / Guidance

Safe Harbor Financial anticipates growth from recent federal cannabis policy changes, including the reclassification of state-licensed medical cannabis to Schedule III. The company expects its compliance platform’s addressable market to expand as Section 280E relief impacts medical operators and more financial institutions enter cannabis banking. Safe Harbor Financial aims to maintain its position as a leading financial platform for cannabis and hemp operators and a compliance backbone for financial institutions, focusing on disciplined execution throughout 2026.