Revenue
1.93 million USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 1934740 USD Source
Fundies. English
SHF Holdings, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 7.674M, using the latest reported figures. The previous period, 2024, was about USD 15.24M.
Latest quarter
Operating margin
-53.05%
2026 Q2 · %
Operating cash flow
-1.7 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 5.7 million USD Source
Exact value
5700000 USD
- Long-term debt including current maturities
- 54.8 million USD Source
Exact value
54832395 USD
- Shares outstanding
- 12.3 million shares Source
Exact value
12332955 shares
Reported share-count change
336.34% · 9.51 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
7.81 million USD
2025-07-01 – 2026-06-30
Net income
-3.7 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
-4.38 million USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: -2353375 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -1815338 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: -3400000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: -2353375 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: -1100000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: -2800000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: -1100000 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-30.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 5 of 11 periods available· newest 2025-12-31
- Operating income: 5 of 11 periods available· newest 2025-12-31
- Net income: 5 of 11 periods available· newest 2025-12-31
- Operating cash flow: 5 of 11 periods available· newest 2025-12-31
- Capital expenditure: 3 of 11 periods available· newest 2023-12-31
- Total assets: 5 of 11 periods available· newest 2025-12-31
- Total liabilities: 5 of 11 periods available· newest 2025-12-31
- Current assets: 5 of 11 periods available· newest 2025-12-31
- Current liabilities: 5 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 5 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 2 of 11 periods available· newest 2023-12-31
- Shares outstanding: 5 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
-49.7%Prior period
USD 15.24 million
–
Current period
USD 7.67 million
–
Exact inputs and evidence
7673532 − 15242560 = -7569028 USD
15242560 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source7673532 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 46.16 millionPrior period
−USD 48.32 million
–
Current period
−USD 2.16 million
–
Exact inputs and evidence
-2160998 − -48319475 = 46158477 USD
-48319475 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-2160998 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-889.8%Prior period
USD 430,477
–
Current period
−USD 3.4 million
–
Exact inputs and evidence
-3400000 − 430477 = -3830477 USD
430477 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-3400000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 7.67 million 100% of revenue
- Operating costs Derived USD 13.07 million 170% of revenue
- Operating income −USD 5.4 million −70% of revenue
- Tax, interest and other Derived −USD 3.24 million −42% of revenue
- Net income −USD 2.16 million −28% of revenue
Cash
- Operating cash flow −USD 3.4 million −44% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2021 47%53%
- 2022 Operating loss: operating costs were 123% of revenue.
- 2023 Operating loss: operating costs were 218% of revenue.
- 2024 Operating loss: operating costs were 147% of revenue.
- 2025 Operating loss: operating costs were 170% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | 7005579 | 3718692 Derived | 3286887 | 0 Derived | 3286887 | 2940463 Derived | Source
|
| 2022 2022-01-01 – 2022-12-31 | 9478819 | 11676659 Derived | -2197840 | 32930243 Derived | -35128083 | 1680062 Derived | Source
|
| 2023 2023-01-01 – 2023-12-31 | 17562903 | 38293952 Derived | -20731049 | -3451202 Derived | -17279847 | -1040578 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 15242560 | 22334046 Derived | -7091486 | 41227989 Derived | -48319475 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 7673532 | 13073532 Derived | -5400000 | -3239002 Derived | -2160998 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 7.7M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Revenue | 7005579 |
|
| 2022 | Revenue | 9478819 |
|
| 2023 | Revenue | 17562903 |
|
| 2024 | Revenue | 15242560 |
|
| 2025 | Revenue | 7673532 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
-49.7% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Year over year | No prior comparable period |
|
| 2022 | Year over year | 35.3% |
|
| 2023 | Year over year | 85.3% |
|
| 2024 | Year over year | -13.2% |
|
| 2025 | Year over year | -49.7% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -70.4% 2025
Net margin -28.2% 2025
Free cash flow margin -5.9% 2023
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Operating margin | 46.9% |
|
| 2022 | Operating margin | -23.2% |
|
| 2023 | Operating margin | -118% |
|
| 2024 | Operating margin | -46.5% |
|
| 2025 | Operating margin | -70.4% |
|
| 2021 | Net margin | 46.9% |
|
| 2022 | Net margin | -370.6% |
|
| 2023 | Net margin | -98.4% |
|
| 2024 | Net margin | -317% |
|
| 2025 | Net margin | -28.2% |
|
| 2021 | Free cash flow margin | 42% |
|
| 2022 | Free cash flow margin | 17.7% |
|
| 2023 | Free cash flow margin | -5.9% |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD -3.4M 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Operating cash flow | 2946383 |
|
| 2022 | Operating cash flow | 1697380 |
|
| 2023 | Operating cash flow | -832144 |
|
| 2024 | Operating cash flow | 430477 |
|
| 2025 | Operating cash flow | -3400000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD -1M 2023
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2021 | Free cash flow | 2940463 |
|
| 2022 | Free cash flow | 1680062 |
|
| 2023 | Free cash flow | -1040578 |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
52.1% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Liabilities / assets | 2.4% |
|
| 2022 | Liabilities / assets | 94.9% |
|
| 2023 | Liabilities / assets | 49.4% |
|
| 2024 | Liabilities / assets | 193% |
|
| 2025 | Liabilities / assets | 52.1% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
1.88× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2021 | Current assets / current liabilities | 33.63× |
|
| 2022 | Current assets / current liabilities | 0.21× |
|
| 2023 | Current assets / current liabilities | 0.98× |
|
| 2024 | Current assets / current liabilities | 0.92× |
|
| 2025 | Current assets / current liabilities | 1.88× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2021 2021-01-01 – 2021-12-31 | USD 3.29 million Exact valueExact value: 3286887 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.95 million Exact valueExact value: 2946383 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 5,920 Exact valueExact value: 5920 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.94 million Calculation and evidence2946383 − 5920 USD Exact free cash flow: 2940463 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2022 2022-01-01 – 2022-12-31 | −USD 35.13 million Exact valueExact value: -35128083 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.7 million Exact valueExact value: 1697380 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 17,318 Exact valueExact value: 17318 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.68 million Calculation and evidence1697380 − 17318 USD Exact free cash flow: 1680062 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2023 2023-01-01 – 2023-12-31 | −USD 17.28 million Exact valueExact value: -17279847 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 832,144 Exact valueExact value: -832144 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 208,434 Exact valueExact value: 208434 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 1.04 million Calculation and evidence-832144 − 208434 USD Exact free cash flow: -1040578 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | −USD 48.32 million Exact valueExact value: -48319475 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 430,477 Exact valueExact value: 430477 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | −USD 2.16 million Exact valueExact value: -2160998 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 3.4 million Exact valueExact value: -3400000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
36 filings · 1,235 latest values · 1,235 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001854963, 1854963, edgar:1854963
Also known as Northern Lights Acquisition Corp., Northern Lights Acquisition Corp., Northern Lights Acquisition Corp., SHF HOLDINGS, INC., SHF Holdings, Inc.