Filing Flows › SHF Holdings (SHFS) › Q1 2026
SHF Holdings (SHFS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
SHF Holdings (SHFS) reported revenue of $2.0M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -4% from the quarter before. Operating margin was -89.3%, net loss $1.8M (90.1% of revenue).
SHF Holdings, Q1 2026: revenue $2.0M (+2% year over year), operating margin -89.3%, net loss $1.8M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0M | -4% | +2% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $2.0M in Q1 2026, up 2% year over year and down 4% from the previous quarter. Account Fee Income was the largest line at 44% of revenue. Loan Program Income added $300K year over year (up 56%), 697% of the total change. Account Fee Income declined 19%.
Operating costs exceeded revenue by $1.8M, an operating margin of -89.3%. Total costs fell 5% while revenue rose 2%. The quarter ended with a net loss of $1.8M, wider than the previous quarter's $583K loss.
Operating cash flow was −$1.1M. Non-cash charges added back $59K of share-based compensation. Working capital and other items added $642K.
Questions
What was SHF Holdings' revenue in the first quarter 2026?
SHF Holdings (SHFS) reported revenue of $2.0M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -4% from the quarter before.
Was SHF Holdings profitable in the first quarter 2026?
Operating loss was $1.8M (-89.3% of revenue) and net loss $1.8M.
Source: SHF Holdings 10-Q on SEC EDGAR.