---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018882"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:46:39.244163+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safe Harbor Q1 net income $2.0M (vs -$1.4M); revenue $4.1M, down 3% YoY

## Summary
- Net income of $2.0M (diluted EPS $0.04) vs net loss of $1.4M in Q1 2023; adjusted EBITDA up 165% to $1.1M.
- Revenue $4.1M, down 3% YoY; loan income surged 251% to $1.64M as loan book nearly tripled.
- Operating expenses fell 35.8% to $3.7M; cash and equivalents $5.6M at March 31, 2024.
- Originated $9M first lien secured loan in Denver and $4.6M secured credit facility in Michigan.
- CEO Sundie Seefried appointed to Board of Directors on April 15, 2024.

## SEC filing metadata
- accession: 0001493152-24-018882
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000149315224018882/0001493152-24-018882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000149315224018882/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018882
- JSON: https://secwatch.observer/filing/0001493152-24-018882.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018882.txt

## Key facts
- Earnings Releases
  SHF Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue approximately $4.1 million, net income approximately $2.0 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: approximately $4.1 million
  - Net income: approximately $2.0 million
  - Result: reported results
  source text: announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial & Operational Summary ● Net Income increased 245% to approximately $2.0 million, compared to a net loss of approximately $1.4 million in the same period of 2023; ● Revenue was approximately $4.1 million, compared to approximately $4.2 million for the first quarter of 2023;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000149315224018882/0001493152-24-018882-index.htm

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