SHF Holdings Q1 revenue rises 2.2%, loan income jumps 56%

SHF Holdings

18/05/2026 12:57

Overview

US cannabis fintech platform's Q1 revenue rose 2.2% yr/yr to about $2 mln

Loan program income jumped 55.6% yr/yr, aided by new PCCU agreement

Operating expenses fell 4.7% yr/yr due to cost-cutting measures

Outlook

Company expects addressable market to expand as federal cannabis rescheduling drives industry changes

SHF Holdings sees a more favorable regulatory backdrop for remainder of 2026

Company plans disciplined execution to pursue growth ambitions through 2026

Result Drivers

LOAN PROGRAM INCOME - Co said loan program income rose 55.6% yr/yr, mainly due to revised PCCU agreement increasing share of loan interest income

COST CUTTING - Co attributed 4.7% yr/yr decrease in operating expenses to lower professional service fees, compensation rates, non-cash stock-based compensation, and improved loan risk ratings

ACCOUNT FEE INCOME DECLINE - Co said account fee income fell 19% yr/yr, mainly due to increased popularity of money market accounts and lower fees from merchant service partners

Company press release: ID:nGNX21ZcYF

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$2 mln
Q1 EPS
-$0.43
Q1 Net Income
-$1.80 mln
Q1 Operating Expenses
$3.74 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)