Filing Flows › SHF Holdings (SHFS) › Q4 2025
SHF Holdings (SHFS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Apr 15, 2026
SHF Holdings (SHFS) reported revenue of $2.1M for the fourth quarter 2025 (Q4 2025), -44% from a year earlier and +12% from the quarter before. Operating margin was -59.1%, net loss $583K (28.3% of revenue).
SHF Holdings, Q4 2025: revenue $2.1M (-44% year over year), operating margin -59.1%, net loss $583K, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1M | +12% | -44% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$583K | -425% | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $2.1M in Q4 2025, down 44% year over year and up 12% from the previous quarter.
Operating costs exceeded revenue by $1.2M, an operating margin of -59.1%. Total costs fell 72% while revenue fell 44%. The quarter ended with a net loss of $583K, after a profit of $180K the previous quarter. Non-operating items added $637K, -109% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.1M. Non-cash charges added back $144K of share-based compensation. Working capital and other items used $625K.
Questions
What was SHF Holdings' revenue in the fourth quarter 2025?
SHF Holdings (SHFS) reported revenue of $2.1M for the fourth quarter 2025 (Q4 2025), -44% from a year earlier and +12% from the quarter before.
Was SHF Holdings profitable in the fourth quarter 2025?
Operating loss was $1.2M (-59.1% of revenue) and net loss $583K.
Source: SHF Holdings 10-K on SEC EDGAR.