{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-017336","form_type":"8-K","ticker":"SHFS","cik":"0001854963","company_name":"SHF Holdings, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.272511+00:00","generated_at":"2026-06-15T01:37:04.242347+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Safe Harbor Q1 revenue up 150% to $4.2M; record $1.1B deposits processed","bullets":["Revenue $4.2M (up 150% YoY); net loss $1.4M vs net income $0.5M in Q1 2022.","Processed deposits hit record $1.1B (up 33%); monthly avg deposits on deposit $213.6M (+55% YoY).","Reduced balance sheet debt ~60%; resolved $68.6M in payables including $64.7M PCCU settlement.","Announced partnership with Five Star Bank for up to $1B additional deposit capacity.","FY 2023 revenue guidance of at least 50% increase vs $9.4M in FY 2022; expects positive Adj. EBITDA and cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-017336","json":"https://secwatch.observer/filing/0001493152-23-017336.json","markdown":"https://secwatch.observer/filing/0001493152-23-017336.md","text":"https://secwatch.observer/filing/0001493152-23-017336.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1854963/000149315223017336/0001493152-23-017336-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1854963/000149315223017336/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:37:04.242347+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2762b30aa25df19006bee4d3077740ac5454a347","claim":"SHF Holdings, Inc. reported the quarter ended March 31, 2023 results: revenue $4.2 million, net income $1.4 million. Guidance initiated.","evidence_excerpt":"For the quarter ended March 31, 2023, total revenue increased to $4.2 million, compared to $1.7 million in the prior year period, primarily due to higher investment and Deposit, Activity and Onboarding income. First quarter 2023 operating expense increased to $5.8 million, compared to $1.2 million in the prior year period, primarily driven by significantly higher compensation and employee benefits; stock-based compensation expense, professional service expenses; advertising and marketing expense; amortization and depreciation expense; and business insurance. 2 Net loss for Q1 2023 was $1.4 million, compared to net income of $0.5 million in the prior year period, primarily due to increased operating expenses and the loss in value of several of the financial instruments placed in connection with the business combination transaction with Northern Lights Acquisition Corp.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1854963/000149315223017336/0001493152-23-017336-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$4.2 million"},{"label":"Net income","value":"$1.4 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}