Filing Flows › SHF Holdings (SHFS) › Q1 2025
SHF Holdings (SHFS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 21, 2025
SHF Holdings (SHFS) reported revenue of $1.9M for the first quarter 2025 (Q1 2025), -52% from a year earlier and -47% from the quarter before. Operating margin was -103.1%, net loss $827K (42.8% of revenue).
SHF Holdings, Q1 2025: revenue $1.9M (-52% year over year), operating margin -103.1%, net loss $827K, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | -47% | -52% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$827K | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $1.9M in Q1 2025, down 52% year over year and down 47% from the previous quarter.
Operating costs exceeded revenue by $2.0M, an operating margin of -103.1%. Total costs grew 5% against a revenue fall of 52%. The quarter ended with a net loss of $827K, narrower than the previous quarter's $51.7M loss. Non-operating items added $1.2M, -141% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.1M. Non-cash charges added back $1K of depreciation and amortization and $750K of share-based compensation. Working capital and other items used $1.1M.
Questions
What was SHF Holdings' revenue in the first quarter 2025?
SHF Holdings (SHFS) reported revenue of $1.9M for the first quarter 2025 (Q1 2025), -52% from a year earlier and -47% from the quarter before.
Was SHF Holdings profitable in the first quarter 2025?
Operating loss was $2.0M (-103.1% of revenue) and net loss $827K.
Source: SHF Holdings 10-Q on SEC EDGAR.