---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-028450"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:44:27.463367+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safe Harbor Q2 revenue up 147% to $4.6M; net loss of $17.6M on $16.9M impairments

## Summary
- Revenue $4.6M vs $1.9M in Q2 2022; total deposits $1.1B, up 36% YoY.
- Net loss $17.6M vs net income $336K, driven by $13.2M goodwill impairment and $3.7M intangible impairment.
- Adjusted EBITDA positive for 2nd consecutive quarter at $850K; FY 2023 revenue guidance raised to $15.3-16.3M.
- Loan book grew to $35.9M (up 94% YoY); closed $15M in cannabis real estate loans during the quarter.
- Debt resolution: $68.6M obligations settled, including $64.7M PCCU payable resolved with $14.5M debt and 11.2M shares.

## SEC filing metadata
- accession: 0001493152-23-028450
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315223028450/0001493152-23-028450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315223028450/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-028450
- JSON: https://secwatch.observer/filing/0001493152-23-028450.json
- Plain text: https://secwatch.observer/filing/0001493152-23-028450.txt

## Key facts
- Earnings Releases
  SHF Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $4.6 million.
  - Period: the quarter ended June 30, 2023
  - Revenue: $4.6 million
  - Result: reported results
  source text: . Cautionary Statement Regarding --- EX-99.2 () --- EX-99.2 3 ex99-2.htm Exhibit 99.2 Safe Harbor Financial Announces Second Quarter 2023 Results Revenue of $4.6 million Second consecutive quarter of more than $1.1 billion in processed deposits; monthly average Balances on Deposit increased 60% versus the same period last year Closed over $15
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315223028450/0001493152-23-028450-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.