For the quarter ending 2025-09-30, SHFS made $8,220,999 in revenue. $179,508 in net income. Net profit margin of 2.18%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Lease expense | - | - | - | 64,619.25 |
| Impairment of long-lived intangible assets | - | - | - | 772,720.25 |
| Revenue | 1,833,770 | 1,845,334 | 1,932,352 | 3,861,197.5 |
| Impairment of goodwill | - | - | - | 1,514,500 |
| Compensation and employee benefits | 1,695,786 | 1,583,051 | 1,372,481 | 1,839,578 |
| Provision (benefit) for credit losses | - | 0 | 0 | - |
| General and administrative expenses | 856,389 | 457,803 | 990,826 | 1,043,462 |
| Professional services | 442,312 | 712,337 | 1,499,534 | 775,607.5 |
| Credit loss (benefit) expense | - | - | - | 2,331,555 |
| Rent expense | 56,529 | 63,185 | 61,006 | - |
| Total operating expenses | 3,051,016 | 2,816,376 | 3,923,847 | 7,645,476.5 |
| Change in fair value of warrant liabilities | - | -138,158 | -1,116,082 | -651,540 |
| Operating income/ (loss) income | -1,217,246 | -971,042 | -1,991,495 | -3,784,279 |
| Change in the fair value of deferred consideration | -40,565 | -40,960 | 161,000 | 109,362.5 |
| Interest expense | 252,640 | 115,341 | 112,786 | 101,422 |
| Gain on extinguishment of debt (note 11 and 14) | 3,336,213 | - | - | - |
| Other issuance costs | 988,837 | - | - | - |
| Change in fair value of warrant liabilities | 657,417 | - | - | - |
| Total other income (expenses) | 1,396,754 | -18,143 | 1,164,296 | 659,480.5 |
| Net income (loss) before income tax | 179,508 | -989,185 | -827,199 | -3,124,798.5 |
| Income tax benefit/(expense) | - | -58,470 | 0 | 21,682,611 |
| Net income (loss) | 179,508 | -930,715 | -827,199 | -24,807,409.5 |
| Basic net income (loss) income per share (note 13) | 0.06 | -0.33 | -0.3 | -8.73 |
| Diluted income (loss) per share | 0.06 | -0.33 | -0.3 | -8.73 |
| Weighted average shares outstanding, basic (note 13) | 2,907,219 | 2,826,468 | 2,786,538 | -54,079,744 |
| Weighted average shares outstanding, diluted | 3,110,899 | 2,826,468 | 2,786,538 | -55,131,443.5 |
SHF Holdings, Inc. (SHFS)
SHF Holdings, Inc. (SHFS)