SHF Holdings Inc
shfinancial.orgWhat Do They Do?
Provides compliance technology and lending support to financial institutions serving cannabis and hemp businesses, which use its platform to offer banking services to those businesses.
10-K, filed Apr 15, 2026We provide compliance and loan origination services to financial institutions that wish to offer business banking, private banking, and…View ↗
Regulatory compliance consulting and technology: We provide our financial institution customers with the tools and support needed to…View ↗
Lending services: We source, underwrite, service, and administer loans issued to cannabis businesses and related entities, many of which…View ↗
We have developed and commercialized a proprietary financial services platform, known as the Safe Harbor Program (the “Program”), which…View ↗
How Do They Make Money?
It charges cannabis-related businesses onboarding and account-activity fees, including monthly fees. It also earns a share of interest on loans and deposits held through partner institutions, and licensing fees over agreement terms.
10-K, filed Apr 15, 2026We generate revenue from deposit maintained at financial institutions in three primary ways. First, we may assess an initial onboarding fee…View ↗
Account fee income consists of fees earned from cannabis-related businesses maintaining accounts with the Company’s financial institution…View ↗
Loan program income represents the Company’s allocated share of interest earned on cannabis-related business loans originated by PCCU.…View ↗
Investment income represents the Company’s share of interest earned on net investable cannabis-related business deposit balances held at…View ↗
Safe Harbor Program income represents fees earned under the Company’s Master Program Agreement, which grants licensees a non-exclusive…View ↗
$7.7M
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10-K for FY2025, filed Apr 15, 2026
$7.7M ↗
Who Are Their Customers?
Financial institutions are direct customers for compliance and lending support; cannabis businesses access banking and lending through those institutions. New financial-institution relationships come from direct outreach and referrals, while cannabis-business clients are largely referred by institution partners and existing customers.
10-K, filed Apr 15, 2026We provide compliance and loan origination services to financial institutions that wish to offer business banking, private banking, and…View ↗
Lending services: We source, underwrite, service, and administer loans issued to cannabis businesses and related entities, many of which…View ↗
We generate new financial institution relationships primarily through direct outreach, referrals from existing partners, and participation…View ↗
CRB customer acquisition is largely driven by referrals from our financial institution partners and from existing CRB customers, reflecting…View ↗
10-K, filed Apr 15, 2026
Note 2 to the financial statements describes the Company’s significant concentration of revenue from a single customer. During the year…View ↗
Do Revenues Turn Into Profits?
No. It lost $2.2M in FY2025.
10-K for FY2025, filed Apr 15, 2026
How Are They Changing?
Growing. Revenue grew 10% in 4 years, from $7M in FY2021 to $7.7M in FY2025, about 2% a year.
Direct managed services
The latest report adds managed services for cannabis businesses and financial institutions, including outsourced finance, accounting, treasury, information technology and human-resources support; the older report describes outsourced support to financial institutions.
10-K for FY2022, filed Apr 14, 2023 10-K, filed Apr 15, 2026The Company generates both interest income and fee income through providing a variety of services to financial institutions desiring to…View ↗
We are investing in the development of a managed services business that will offer outsourced consulting and operational support directly…View ↗
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