2026-04-01 10:11:50
SHF Holdings, Inc. Reports Preliminary Financial Results for Q4 and Full Year 2025
Expected Stock impact: Slightly Positive
On April 1, 2026, SHF Holdings, Inc. (NASDAQ: SHFS), a financial technology company serving the cannabis and hemp industries, announced its preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2025. The company reported total revenue of $2.1 million for Q4 2025, reflecting a 12% sequential increase from Q3 2025, driven by improved economics under its Commercial Alliance Agreement with PCCU. However, the full year revenue decreased to $7.7 million, a 50% decline compared to $15.2 million in FY 2024, primarily due to revised interest allocation provisions and a reduction in active accounts. The company also highlighted a significant operational change, eliminating $18.3 million in debt, which has returned its balance sheet to positive stockholders' equity. CEO Terrance Mendez emphasized the importance of these changes, stating that they represent fundamental improvements to the company's financial foundation. The company is also expanding its services beyond banking and lending into insurance and consulting solutions. The filing also included amendments to the company's Code of Ethics, clarifying policies related to anti-bribery and anti-corruption laws. SHF Holdings is classified as an emerging growth company and expects to file its Annual Report on Form 10-K within the extension period provided under Rule 12b-25 due to the complexity of its recent transactions.
