Company research
SHF Holdings, Inc.
CIK 1854963Updated Nov 13, 2026
Name history
Northern Lights Acquisition Corp. · through Sep 28, 2022
SHFS price & chart
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NASDAQ:SHFS on TradingView ↗About the company
The Company was founded in 2015 as a solution to a major problem that plagued the nascent legalized cannabis industry in Colorado - access to reliable and compliant financial services. Cannabis-related funds were already finding their way into the financial system, including via hidden, misrepresented accounts and unlawful banking practices. Based upon our research, we determined that the appropriate step was to protect the financial system from criminal activity and provide legitimacy to the legal state CRBs. From decades of regulatory and banking experience, we created a detailed compliance program to assist financial institutions desiring to provide safe and sound financial services that would accomplish industry accountability and protect the financial system. The compliance program provides onboarding, validation and monitoring services to financial institutions desiring to provide traditional banking services to all types of marijuana, hemp, and CBD businesses, and to ancillary businesses that provide services to the cannabis industry. These ancillary businesses include payroll companies, payment processors, and professionals providing services to and receiving payment from C…
In the news
Safe Harbor Financial Series B Preferred Conversion Price and Warrant Exercise Price Reset to $1.5528 Following Conclusion of Temporary Reduction Period ↗
Recent filings
425 filing
Entry into a Material Definitive Agreement · Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Unregistered Sales of Equity Securities
Items 1.01, 3.01, 3.02
10-Q filing
DEFA14A filing
425 filing
Show 5 more recent filings
Results of Operations and Financial Condition · Other Events
Items 2.02, 8.01, 9.01
Unregistered Sales of Equity Securities
Items 3.02
DEFA14A filing
425 filing
Unregistered Sales of Equity Securities · Other Events
Items 3.02, 8.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 13,664,414Source | 66,873,071Source | 14,153,304Source | 5,955,577Source | 67,348,514Source | 15,687,691Source | 6,655,102Source | 67,702,471Source | 17,207,024Source | 13,218,287Source | 67,860,909Source | 99,342,856Source |
| Property, Plant and Equipment, NetUSD | — | 5,151Source | — | — | 7,430Source | — | 1,713Source | 45,366Source | — | 3,154Source | 84,220Source | 49,614Source |
| GoodwillUSD | — | 6,058,000Source | — | — | 6,058,000Source | — | — | 6,058,000Source | — | — | 6,058,000Source | 19,266,276Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | — | 8,790,347Source | 5,699,464Source | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 861,722Source | 5,861,475Source | 5,729,576Source | 247,318Source | 6,111,982Source | 5,897,470Source | 931,397Source | 5,626,362Source | 6,779,040Source | 2,324,647Source | 4,888,769Source | 8,390,195Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | — | — | 800,000Source | — | — | 1,000,000Source | — | — | 1,401,839Source |
| Assets, CurrentUSD | 11,096,887Source | 12,171,163Source | 10,938,076Source | 4,958,603Source | 7,832,187Source | 12,381,092Source | 5,218,781Source | 7,427,105Source | 12,198,582Source | 11,700,687Source | 7,761,229Source | 10,231,172Source |
| Operating Lease, Right-of-Use AssetUSD | 586,271Source | 742,609Source | 469,017Source | 625,355Source | 781,693Source | 508,101Source | 664,440Source | 820,777Source | 547,186Source | 703,524Source | 859,861Source | 1,016,198Source |
| Other Assets, NoncurrentUSD | 15,260Source | — | 189,155Source | 20,684Source | — | 15,767Source | — | — | 15,510Source | — | — | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 6,667,803Source | 27,520,611Source | 8,052,337Source | 23,814,748Source | 28,887,533Source | 8,962,410Source | 23,604,509Source | 30,735,154Source | 8,971,116Source | 25,506,301Source | 33,505,598Source | 94,229,731Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | — | — | — | 1Source |
| Common Stock, Value, IssuedUSD | 291Source | 5,569Source | 1,233Source | 282Source | 5,545Source | 451Source | 278Source | 5,545Source | 428Source | 278Source | 5,458Source | 2,374Source |
| Additional Paid in CapitalUSD | 129,330,268Source | 108,437,941Source | 132,308,726Source | 104,654,006Source | 107,900,303Source | 131,420,587Source | 104,633,059Source | 107,348,166Source | 131,152,020Source | 108,467,253Source | 105,919,674Source | 44,806,031Source |
| Retained Earnings (Accumulated Deficit)USD | -122,333,951Source | -69,091,050Source | -126,208,995Source | -122,513,459Source | -69,444,867Source | -124,695,760Source | -121,582,744Source | -70,386,394Source | -122,916,543Source | -120,755,545Source | -71,569,821Source | -39,695,281Source |
| Stockholders' Equity Attributable to ParentUSD | 6,996,611Source | 39,352,460Source | 6,100,967Source | -17,859,171Source | 38,460,981Source | 6,725,281Source | -16,949,407Source | 36,967,317Source | 8,235,908Source | -12,288,014Source | 34,355,311Source | 5,113,125Source |
| Liabilities and EquityUSD | 13,664,414Source | 66,873,071Source | 14,153,304Source | 5,955,577Source | 67,348,514Source | 15,687,691Source | 6,655,102Source | 67,702,471Source | 17,207,024Source | 13,218,287Source | 67,860,909Source | 99,342,856Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 5,330,713Source | 14,691,604Source | 6,209,768Source | 12,339,915Source | 7,530,449Source | 6,850,871Source | 11,942,676Source | 7,108,280Source | 6,499,724Source | 12,684,520Source | 7,896,584Source | 49,571,192Source |
| Operating Lease, Liability, CurrentUSD | 180,009Source | 159,408Source | 189,902Source | 174,319Source | 153,357Source | 185,899Source | 165,842Source | 142,863Source | 181,963Source | 161,952Source | 132,546Source | 20,124Source |
| Accounts Payable, CurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 2,851,457Source |
| Operating Lease, Liability, NoncurrentUSD | 573,422Source | 753,800Source | 432,172Source | 620,174Source | 795,062Source | 480,774Source | 669,016Source | 835,598Source | 528,552Source | 712,882Source | 875,447Source | 1,008,109Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 881,741Source | 788,052Source | 824,169Source | 820,568Source | 949,686Source | 1,072,132Source | 765,476Source | 645,635Source | 1,310,463Source | 1,301,378Source | 1,008,987Source | 6,354,485Source |
| Deferred Revenue, CurrentUSD | — | — | — | — | — | 15,518Source | — | — | 15,415Source | — | — | — |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | — | — | 43,829,019Source | — |
| Long-term DebtUSD | — | 54,832,395Source | — | — | 54,959,933Source | — | — | 58,168,928Source | — | — | 55,646,653Source | 18,898,042Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | — | -1,513,235Source | -930,715Source | -1,779,217Source | -827,199Source | -2,160,998Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | — | 1,441Source | 3,155Source | 711,929Source | 1,373,707Source | 189,274Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 58,908Source | 750,027Source | 1,523,489Source | 1,575,952Source | 3,711,367Source | 2,806,336Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -1,109Source | -43,813Source | -103,233Source | 12,734Source | -81,183Source | 653,425Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | — | — | — | — | — | 508,544Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | 43,859,686Source | -1,829,701Source | -9,249,499Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -1,078,657Source | -1,140,730Source | -3,417,700Source | 430,477Source | -832,144Source | 1,697,380Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 25,017Source | 3,245Source | 442,186Source | 12,394Source | -2,180,448Source | -2,897,429Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | — | — | — | — | 208,434Source | 17,318Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 172,070Source | -255,765Source | 7,429,907Source | -3,006,993Source | -488,834Source | 4,094,339Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -881,570Source | -1,393,250Source | 4,454,393Source | -2,564,122Source | -3,501,426Source | 2,894,290Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 4,580Source | 113,561Source | 388,457Source | 416,852Source | 450,258Source | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 387,662Source | 41,523Source | 23,666Source | 58,908Source | 741,259Source | 1,485,558Source | 1,575,952Source | 3,710,000Source | 2,810,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | — | 182,229Source | — | 52,750Source | — | 59,857Source | — | — | — |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | — | 630,863Source | — | — |
| DepreciationUSD | — | — | — | — | — | — | — | — | — | 81,066Source | 173,828Source | 10,361Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 939,019Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 3,336,213Source | — | — | — | — | — | 3,336,213Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 856,389Source | 929,406Source | 886,751Source | 457,803Source | 1,068,400Source | 990,826Source | 3,294,275Source | 4,018,094Source | 6,568,662Source | 2,390,539Source |
| GoodwillUSD | — | — | — | 6,058,000Source | — | — | — | — | — | — | 6,058,000Source | 19,266,276Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source | — | 0Source | — | — | — | 6,058,000Source | 13,208,276Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | — | 3,090,881Source | 5,699,463Source | — |
| Income Tax Expense (Benefit)USD | — | — | — | 6,837Source | — | -58,470Source | — | — | -58,470Source | 43,859,686Source | -1,829,701Source | -9,252,893Source |
| InterestExpenseNonoperatingUSD | — | — | 252,640Source | 161,716Source | — | 115,341Source | 4,580Source | 112,786Source | 492,643Source | 533,390Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 179,508Source | 353,817Source | -1,513,235Source | -930,715Source | -1,779,217Source | -827,199Source | -2,160,998Source | -48,319,475Source | -17,279,847Source | -35,128,083Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | -2,494,381Source | -930,715Source | -1,866,829Source | -827,199Source | -2,402,433Source | — | — | — |
| Nonoperating Income (Expense)USD | — | — | 1,396,754Source | 183,745Source | -486,881Source | -18,143Source | -15,861Source | 1,164,296Source | 3,179,742Source | 2,631,697Source | 1,602,771Source | -42,183,136Source |
| Operating ExpensesUSD | — | — | 3,051,016Source | 3,305,721Source | 2,961,094Source | 2,816,376Source | 3,738,795Source | 3,923,847Source | 13,072,742Source | 22,334,046Source | 38,275,222Source | 11,676,659Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 232,773Source | 258,477Source | — | — |
| Operating Lease, Impairment LossUSD | — | — | — | — | — | — | -4,757Source | 892Source | -7,981Source | — | — | — |
| Provision for Loan, Lease, and Other LossesUSD | — | — | — | 7,449Source | — | — | — | — | — | — | 290,857Source | 506,212Source |
| Payments of Financing Costs | — | — | — | — | —Source | — | —Source | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 1,833,770Source | 3,482,630Source | 1,934,740Source | 1,845,334Source | 1,975,439Source | 1,932,352Source | 7,673,532Source | 15,242,560Source | 17,562,903Source | 9,478,819Source |
| Operating Income (Loss)USD | — | — | -1,217,246Source | 176,909Source | -1,026,354Source | -971,042Source | -1,763,356Source | -1,991,495Source | -5,399,210Source | -7,091,486Source | -20,712,319Source | -2,197,840Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 179,508Source | 360,654Source | -1,513,235Source | -989,185Source | -1,779,217Source | -827,199Source | -2,219,468Source | -4,459,789Source | -19,109,548Source | -44,380,976Source |
| Income Tax Expense (Benefit)USD | — | — | — | 6,837Source | — | -58,470Source | — | — | -58,470Source | 43,859,686Source | -1,829,701Source | -9,252,893Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 179,508Source | 353,817Source | -1,513,235Source | -930,715Source | -1,779,217Source | -827,199Source | -2,160,998Source | -48,319,475Source | -17,279,847Source | -35,128,083Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.06Source | 0.13Source | -0.36Source | -0.33Source | -0.43Source | -0.3Source | -0.82Source | -17.43Source | -0.41Source | -1.85Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.06Source | 0.13Source | -0.36Source | -0.33Source | -0.43Source | -0.3Source | -0.82Source | -17.43Source | -0.41Source | -1.85Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 2,907,219Source | 2,775,068Source | 6,928,023Source | 2,826,468Source | 4,353,099Source | 2,786,538Source | 2,921,648Source | 2,772,867Source | 42,574,563Source | 18,988,558Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 3,110,899Source | 2,827,515Source | 6,928,023Source | 2,826,468Source | 4,353,099Source | 2,786,538Source | 2,921,648Source | 2,772,867Source | 42,574,563Source | 18,988,558Source |
| Interest Expense (non-operating)USD | — | — | 252,640Source | 161,716Source | — | 115,341Source | 4,580Source | 112,786Source | 492,643Source | 533,390Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | — | 630,863Source | — | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -58,470Source | 30,665Source | — | -3,394Source |
| General and Administrative ExpenseUSD | — | — | 856,389Source | 929,406Source | 886,751Source | 457,803Source | 1,068,400Source | 990,826Source | 3,294,275Source | 4,018,094Source | 6,568,662Source | 2,390,539Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source | — | 0Source | — | — | — | 6,058,000Source | 13,208,276Source | 0Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 1,113,466Source | 802,797Source |
| Interest Expense, DebtUSD | — | — | — | — | — | — | — | — | — | — | 663,208Source | — |
| Marketing and Advertising ExpenseUSD | — | — | — | — | — | — | — | — | — | — | — | 380,669Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | — | -2,494,381Source | -930,715Source | -1,866,829Source | -827,199Source | -2,402,433Source | — | — | — |
| Nonoperating Income (Expense)USD | — | — | 1,396,754Source | 183,745Source | -486,881Source | -18,143Source | -15,861Source | 1,164,296Source | 3,179,742Source | 2,631,697Source | 1,602,771Source | -42,183,136Source |
| Operating ExpensesUSD | — | — | 3,051,016Source | 3,305,721Source | 2,961,094Source | 2,816,376Source | 3,738,795Source | 3,923,847Source | 13,072,742Source | 22,334,046Source | 38,275,222Source | 11,676,659Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 232,773Source | 258,477Source | — | — |
| Depreciation, Depletion and Amortization, Nonproduction | — | — | — | — | — | — | — | —Source | — | — | — | — |
Offerings
Registration 333-295616
Registration 333-297846
Registration 333-290979
Registration 333-290524
Filing attachments
ex99-1.htm · DEFA14A · 2026-11-09
Exhibit 99.1 Safe Harbor Financial Reports Third Quarter 2026 Financial Results Revenue increases 6.5% to $1.95 million, supported by 70.2% growth in loan program income Average client deposits rise to $112 million, with quarter-end trailing 14-day average deposits reaching $119.3 million Operating loss narrows 17.7% year over year GOLDEN, Colo., Nov. 9, 2026 - SHF Holdings, Inc., doing business as Safe Harbor (the “Company” or “Safe Harbor”) (Nasdaq: SHFS), a fintech platform serving the b…
Read attachment ↗ex99-2.htm · DEFA14A · 2026-11-09
Exhibit 99.2 Safe Harbor CEO Issues Letter to Shareholders Addressing Capital Structure, Nasdaq Listing and Proposed Opifex Transaction Letter accompanies the release of the Company’s third-quarter financial results GOLDEN, Colo., Nov. 9, 2026 - SHF Holdings, Inc., doing business as Safe Harbor (“Safe Harbor” or the “Company”) (Nasdaq: SHFS), a fintech platform serving the banking, lending and financial services needs of the regulated cannabis and hemp industries, today released a letter to s…
Read attachment ↗ex99-1.htm · 425 · 2026-11-09
Exhibit 99.1 Safe Harbor Financial Reports Third Quarter 2026 Financial Results Revenue increases 6.5% to $1.95 million, supported by 70.2% growth in loan program income Average client deposits rise to $112 million, with quarter-end trailing 14-day average deposits reaching $119.3 million Operating loss narrows 17.7% year over year GOLDEN, Colo., Nov. 9, 2026 - SHF Holdings, Inc., doing business as Safe Harbor (the “Company” or “Safe Harbor”) (Nasdaq: SHFS), a fintech platform serving the b…
Read attachment ↗ex99-2.htm · 425 · 2026-11-09
Exhibit 99.2 Safe Harbor CEO Issues Letter to Shareholders Addressing Capital Structure, Nasdaq Listing and Proposed Opifex Transaction Letter accompanies the release of the Company’s third-quarter financial results GOLDEN, Colo., Nov. 9, 2026 - SHF Holdings, Inc., doing business as Safe Harbor (“Safe Harbor” or the “Company”) (Nasdaq: SHFS), a fintech platform serving the banking, lending and financial services needs of the regulated cannabis and hemp industries, today released a letter to s…
Read attachment ↗ex99-1.htm · 8-K · 2026-11-09
Exhibit 99.1 Safe Harbor Financial Reports Third Quarter 2026 Financial Results Revenue increases 6.5% to $1.95 million, supported by 70.2% growth in loan program income Average client deposits rise to $112 million, with quarter-end trailing 14-day average deposits reaching $119.3 million Operating loss narrows 17.7% year over year GOLDEN, Colo., Nov. 9, 2026 - SHF Holdings, Inc., doing business as Safe Harbor (the “Company” or “Safe Harbor”) (Nasdaq: SHFS), a fintech platform serving the b…
Read attachment ↗ex99-2.htm · 8-K · 2026-11-09
Exhibit 99.2 Safe Harbor CEO Issues Letter to Shareholders Addressing Capital Structure, Nasdaq Listing and Proposed Opifex Transaction Letter accompanies the release of the Company’s third-quarter financial results GOLDEN, Colo., Nov. 9, 2026 - SHF Holdings, Inc., doing business as Safe Harbor (“Safe Harbor” or the “Company”) (Nasdaq: SHFS), a fintech platform serving the banking, lending and financial services needs of the regulated cannabis and hemp industries, today released a letter to s…
Read attachment ↗