SHF Holdings, Inc. Q1 FY26 Results

Our first quarter results reflect meaningful progress across the core drivers of our business. Loan program income grew more than 55% year over year, validating the economics of our restructured PCCU agreement, and total revenue was ahead of the prior year period. Operating expenses came down year over year, and we ended the quarter with $5.9 million in cash and cash equivalents and $6.7 million in stockholders’ equity, compared to a stockholders’ deficit of ($16.9) million just twelve months ago. This represents a fundamental transformation of our balance sheet, and it gives us a durable foundation on which to execute. the operational progress we made during and after the quarter reinforces the breadth of what Safe Harbor is building. We expanded into insurance and retirement solutions, broadened our payments portfolio, and launched a full-spectrum lending platform spanning everything from commercial real estate, working capital, equipment financing, revenue-based lending, accounts receivable financing, bridge financing, sale-leaseback transactions, business acquisition financing, and loan syndications. the Department of Justice’s April 23 order placing state-licensed medical cannabis on Schedule III and the expedited DEA hearing scheduled for June 29-July 15 on rescheduling adult use cannabis represent the most consequential federal cannabis policy developments in more than half a century. While the timing and ultimate scope of further federal action remains uncertain, we believe the direction is clear and we believe Safe Harbor is uniquely positioned to benefit. As Section 280E relief reaches state-licensed medical operators and as additional financial institutions evaluate whether to enter the cannabis banking market, we expect the addressable market for our compliance platform to expand in two ways: directly, through healthier and better-capitalized cannabis customers, and indirectly, through new financial institution partners that need the regulatory infrastructure we have spent more than a decade building. We enter the remainder of 2026 with a stronger balance sheet, a broader platform and a more favorable regulatory backdrop than at any point in our history. We have facilitated more than $35 billion in cannabis-related transactions across 41 states and territories and have successfully navigated more than 25 state and federal regulatory examinations Our ambition is to be the financial platform that cannabis and hemp operators reach for first, and the compliance backbone that financial institutions entering this market rely on. The remainder of 2026 is about disciplined execution against that ambition, and the foundation we now have in place gives us a clear path to pursue it.”