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.<h3>First Quarter 2026 Financial Highlights</h3><h4>Revenue</h4><ul><li>Total Revenue: SHF Holdings, Inc. reported approximately $2.0 million for the first quarter of 2026, marking a 2.2% increase year over year compared to approximately $1.9 million in the first quarter of 2025.</li><li>Loan Program Income: This segment generated approximately $0.8 million in the first quarter of 2026, a 55.6% increase year over year from approximately $0.5 million in the first quarter of 2025, driven by an increased share of loan interest income (up to 65% from approximately 37%).</li><li>Account Fee Income: Account fee income was approximately $0.9 million for the first quarter of 2026, representing a 19.0% decrease compared to approximately $1.1 million in the first quarter of 2025, primarily due to increased popularity of money market accounts and lower fees from merchant service partners.</li><li>Investment Income: Investment income reached $0.2 million for the first quarter of 2026, a decrease of $0.05 million or 17.8% from $0.3 million in the first quarter of 2025, despite the net average daily investable deposit base growing to $45.0 million from $34.5 million, which was offset by a decline in the interest on reserve balance (IORB) rate from 4.40% to 3.65%.</li></ul><h4>Operating Costs and Profitability</h4><ul><li>Total Operating Expenses: Total operating expenses decreased by 4.7% to approximately $3.7 million for the first quarter of 2026, compared to $3.9 million in the first quarter of 2025, attributed to lower professional service fees, compensation rates, non-cash stock-based compensation costs, and a $0.3 million credit benefit from improved loan risk ratings.</li><li>Operating Loss: The operating loss was - $1,763,356 for the first quarter of 2026, an improvement from an operating loss of - $1,991,495 in the first quarter of 2025.</li><li>Net Loss: The net loss for the first quarter of 2026 was - $1,779,217, compared to a net loss of - $827,199 for the first quarter of 2025, with the prior year period including a non-cash benefit of $1.1 million from the change in fair value of warrant liabilities, while the first quarter of 2026 had a $0.02 million non-cash change.</li></ul><h3>Balance Sheet (as of March 31, 2026)</h3><ul><li>Cash and Cash Equivalents: SHF Holdings, Inc. reported cash and cash equivalents of $5,897,470 as of March 31, 2026, compared to $6,779,040 as of December 31, 2025.</li><li>Total Assets: Total assets were $15,687,691 as of March 31, 2026, down from $17,207,024 as of December 31, 2025.</li><li>Total Liabilities: Total liabilities amounted to $8,962,410 as of March 31, 2026, a slight decrease from $8,971,116 as of December 31, 2025.</li><li>Total Stockholders’ Equity: Total stockholders’ equity stood at $6,725,281 as of March 31, 2026, compared to $8,235,908 as of December 31, 2025, noting a fundamental transformation from a stockholders’ deficit of - $16.9 million twelve months prior.</li></ul><h3>Cash Flow from Operating Activities</h3><ul><li>Net Cash Used in Operating Activities: Net cash used in operating activities was - $1,078,657 for the three months ended March 31, 2026, an improvement from - $1,140,730 for the three months ended March 31, 2025.</li></ul><h3>Operational Metrics</h3><ul><li>Cannabis Insurance Solutions: SHF Holdings, Inc. expanded its client offerings in January 2026 through partnerships with Frontier Risk and AlphaRoot.</li><li>Payments Portfolio Expansion: The company added Lüt and GreenCard to its payments lineup in January 2026, introducing closed-loop, ACH-debit, and end-to-end payment infrastructure.</li><li>Second Amended PCCU Agreement: The partnership was extended through December 2031, with expectations to generate $9 million or more in incremental revenue over the term and reduce asset hosting fees by approximately 23% annually, including a retroactive payment of approximately $400,000.</li><li>Emerging Market Deposit Growth: Average deposit balances in emerging US markets grew 29% year over year in March 2026, adding over 100 new customer depository accounts and bringing emerging markets to 31% of the Company’s total average deposit balances.</li><li>Safe Harbor Retirement Plan Launch: A compliant pooled employer 401(k) plan was introduced in April 2026 for state-legal cannabis businesses.</li><li>Expanded Lending Platform: Financing capabilities for cannabis-related businesses were broadened in April 2026 to include various loan types.</li><li>Cannabis-Related Transactions: SHF Holdings, Inc. has facilitated over $35 billion in cannabis-related transactions across 41 states and territories and navigated more than 25 state and federal regulatory examinations.</li></ul><h3>Outlook / Guidance</h3>SHF Holdings, Inc. anticipates that the federal rescheduling of medical cannabis to Schedule III and expedited DEA hearings for adult-use cannabis will expand its addressable market. The company expects benefits from improved operator cash flow due to the elimination of Section 280E tax obligations, potentially driving stronger deposit quality and reducing account churn. This regulatory shift is also expected to encourage more financial institutions to explore cannabis banking, increasing demand for SHF Holdings, Inc.’s compliance platform.

SHF | 8-K: FY2026 Q1 Revenue: USD 1.975 M