SHF Holdings Inc. Class A Common Stock (SHFS)

FairStock Score: 72/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I view SHF Holdings as a tiny, unproven niche financial-services firm: it provides banking, payments, lending and cash-management access to institutions serving cannabis businesses. The filed record is weak. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.9M and net loss was $1.5M; in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $2.0M and net loss was $1.8M. FY2025 revenue was $7.7M with a $2.2M net loss, down from FY2024 revenue of $15.2M and a $48.3M net loss, and FY2023 revenue of $17.6M and a $17.3M net loss. The company has lost money in each of the last four disclosed years, so the Lynch screen assigns no category. At the 2026-10-13 close, the FairStock P/B of 0.05 and negative P/E look statistically cheap, but ROCE of -36.76% and a Piotroski F-Score of 1/9 point to distress rather than safety. The low D/E of 0.10 is a small positive, yet without CET1, NIM, combined ratio, credit-loss or deposit data I cannot assess underwriting or liquidity. The cannabis-banking niche may have compliance and relationship barriers, but scale is minuscule, annual revenue is falling, and profitability is absent. I would not mistake a low price for a durable bargain.

In plain English: SHF Holdings helps banks and other financial companies serve cannabis businesses. It is a tiny company that has lost money for years, and its yearly revenue has been falling. The stock looks very cheap compared with its accounting value, but that low price mainly reflects weak results and the risk that its value could shrink further.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer