SHF Holdings, Inc. key statistics and ratios

In fiscal 2025, SHF Holdings, Inc. had an operating margin of -70.4%, debt equal to 0.0% of equity and a current ratio of 1.88. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

SHF Holdings, Inc.: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Operating margin	46.9%	−23.2%	−118.0%	−46.5%	−70.4%	−67.0%
Net margin	46.9%	−370.6%	−98.4%	−317.0%	−28.2%	−47.3%
Free-cash-flow margin	42.0%	17.7%	−5.9%	2.8%	−44.5%	−56.8%
Return on equity	44.8%	—	−87.6%	—	—	−51.6%
Return on assets	43.7%	−65.7%	−20.7%	−119.2%	−14.2%	−23.6%
Asset turnover	0.93	0.18	0.21	0.38	0.50	0.50
Current ratio	33.63	0.21	0.98	0.92	1.88	1.76
Debt to equity	0.0%	369.6%	170.7%	—	0.0%	0.0%
Interest cover (operating income ÷ interest)	—	n/m	n/m	n/m	n/m	—
Capital spending as % of revenue	0.1%	0.2%	1.2%	0.0%	0.0%	0.0%
Free cash flow ÷ net income	89.5%	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

SHF Holdings, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Operating margin	5.1%	−215.0%	−103.1%	−52.6%	−66.4%	−59.1%	−89.3%	−53.0%
Net margin	10.2%	<−999%	−42.8%	−50.4%	9.8%	−28.3%	−90.1%	−78.2%
Free-cash-flow margin	14.4%	−75.6%	−59.0%	−36.6%	−29.3%	−51.6%	−54.6%	−90.7%
Current ratio	0.83	0.92	0.44	0.40	2.08	1.88	1.81	1.76
Debt to equity	147.2%	—	—	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: OLB vs SHFS SHFS vs USIO PAYS vs SHFS

More: Transaction & Payment Processing Services stocks compared, Financials sector, rankings of US companies

Figures from SHF Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SHF Holdings, Inc.