---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-001997"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T01:08:13.889071+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-001997
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000164117225001997/0001641172-25-001997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000164117225001997/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-001997
- JSON: https://secwatch.observer/filing/0001641172-25-001997.json
- Plain text: https://secwatch.observer/filing/0001641172-25-001997.txt

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