SHF Holdings reports FY 2024 net loss of $48.3M; loan interest income up 123%

SHF Holdings, Inc.

2025-Q1 EPS reported -$0.11 revenue$1,932,352

FY 2024 revenue $15.2M (down 13% YoY); net loss $48.3M includes $43.9M deferred tax valuation allowance and $9.1M impairment.
Loan interest income grew 123% to $6.6M (FY) and 82% to $1.8M (Q4); deposit and onboarding revenue declined.
Adjusted EBITDA positive for 3rd consecutive year at $2.9M; adjusted working capital ~$2M.
Amended PCCU note unlocks $6.4M cash flow over 2 years; debt maturity extended to Oct 2030.
CEO Terry Mendez assumed role Feb 28, 2025; company processed over $25B in cannabis funds.

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