Filing Flows › SHF Holdings (SHFS) › Q2 2025
SHF Holdings (SHFS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
SHF Holdings (SHFS) reported revenue of $1.8M for the second quarter 2025 (Q2 2025), -54% from a year earlier and -5% from the quarter before. Operating margin was -52.6%, net loss $931K (50.4% of revenue).
SHF Holdings, Q2 2025: revenue $1.8M (-54% year over year), operating margin -52.6%, net loss $931K, operating cash flow −$675K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | -5% | -54% |
| Operating profit | −$971K | — | — |
| Net earnings | −$931K | — | — |
| Operating cash flow | −$675K | — | — |
What changed
Revenue was $1.8M in Q2 2025, down 54% year over year and down 5% from the previous quarter.
Operating costs exceeded revenue by $1.0M, an operating margin of -52.6%. Total costs fell 25% while revenue fell 54%. The quarter ended with a net loss of $931K, wider than the previous quarter's $827K loss.
Operating cash flow was −$675K. Non-cash charges added back $1K of depreciation and amortization and $34K of share-based compensation. Working capital and other items added $221K.
Questions
What was SHF Holdings' revenue in the second quarter 2025?
SHF Holdings (SHFS) reported revenue of $1.8M for the second quarter 2025 (Q2 2025), -54% from a year earlier and -5% from the quarter before.
Was SHF Holdings profitable in the second quarter 2025?
Operating loss was $971K (-52.6% of revenue) and net loss $931K.
Source: SHF Holdings 10-Q on SEC EDGAR.