SHF Holdings Q2 revenue rises 4.8%, net loss widens on deemed dividend

SHF Holdings

10/08/2026 13:10

Overview
US cannabis fintech platform's Q2 2026 revenue grew 4.8% yr/yr, driven by loan program income
Net loss for Q2 widened to $1.5 mln, affected by non-cash deemed dividend
Average deposit balances rose 6.8% yr/yr, reflecting enhanced marketing and customer-focused strategy

Outlook
Company says it believes it is well positioned to benefit from potential federal cannabis policy changes

Result Drivers
LOAN PROGRAM INCOME - Revenue growth was mainly driven by a 50.7% yr/yr increase in loan program income, reflecting the benefit of a revised commercial alliance agreement with Partner Colorado Credit Union
DEPOSIT GROWTH - Average deposit balances rose 6.8% yr/yr, attributed to enhanced marketing and customer-focused initiatives
ACCOUNT FEE DECLINE - Account fee income fell 18.4% yr/yr, primarily due to lower revenue from a merchant service partner

Company press release: ID:nGNX3kDRjf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.90 mln
 
Q2 Net Loss
 
$1.50 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.)