Lucide Ledger

A filing-first public record from Lucide House.

Issue 000 | U.S. Pilot | US

SHFS

SHF Holdings, Inc.

Passing Verified 10-Q | 2026-05-15 Filing currency: USD
Open Filing Back to Register
Margin of Safety 69.2%

GNNI internal calculation. Market context inputs are retained internally and are not displayed.

Current Assets
12,381,092USD
Total Liabilities
8,962,410USD
NCAV
3,418,682USD
Cash
5,897,470USD
NCAV per share
0.79USD/share
Evidence
5 annual | 22 quarterly

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible.

Business profile not generated.

Run python -m application.cli.business_profile run --market US --one SHFS, then regenerate the site.

Known Unknowns

Medium | Share Count

Issue 000 does not yet evaluate share count trend or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
10-K
USD
2024-12-31
10-K
USD
2023-12-31
10-K
USD
2022-12-31
10-K
USD
2021-12-31
10-K
USD
Revenue 7,673,532 15,242,560 17,562,903 9,478,819 7,005,579
Operating Income -5,399,210 -7,091,486 -20,712,319 -2,197,840 -719,110
Net Income -2,160,998 -48,319,475 -17,279,847 -35,128,083 1,245,158
Cash From Operations -3,417,700 430,477 -832,144 1,697,380 -548,550
Capex n/a n/a -208,434 -17,318 -5,920
Free Cash Flow n/a n/a -1,040,578 1,680,062 -554,470
Cash And Equivalents 6,779,040 2,324,647 4,888,769 8,390,195 254,523
Accounts Receivable 1,000,000 1,000,000 n/a 1,401,839 522,896
Inventory n/a n/a n/a n/a n/a
Total Current Assets 12,198,582 11,700,687 7,761,229 10,231,172 437,022
Total Assets 17,207,024 13,218,287 67,860,909 99,342,856 117,846,030
Total Current Liabilities 6,499,724 12,684,520 7,896,584 49,571,192 475,559
Total Liabilities 8,971,116 25,506,301 33,505,598 94,229,731 7,327,435
Shareholders Equity 8,235,908 -12,288,014 34,355,311 5,113,125 -6,781,405
Shares Outstanding n/a 2,783,667 54,563,372 23,732,889 0
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 2,921,648 2,772,867 42,574,563 18,988,558 n/a
Weighted Avg Shares Basic 2,921,648 2,772,867 42,574,563 18,988,558 n/a
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric
2026-03-31
10-Q
USD
2025-12-31
10-K
USD
2025-09-30
10-Q
USD
2025-06-30
10-Q
USD
2025-03-31
10-Q
USD
2024-12-31
10-K
USD
2024-09-30
10-Q
USD
2024-06-30
10-Q
USD
2024-03-31
10-Q
USD
2023-12-31
10-K
USD
2023-09-30
10-Q
USD
2023-06-30
10-Q
USD
2023-03-31
10-Q
USD
2022-12-31
10-K
USD
2022-09-30
10-Q
USD
2022-06-30
10-Q
USD
2022-03-31
10-Q
USD
2021-12-31
10-K
USD
2021-12-31
10-K
USD
2021-12-31
10-K
USD
2021-09-30
10-Q
USD
2021-06-30
10-Q
USD
Revenue 1,975,439 2,062,076 1,833,770 1,845,334 1,932,352 3,671,596 3,482,630 4,037,535 4,050,799 4,477,042 4,332,974 4,572,508 4,180,379 3,575,606 2,379,314 1,852,789 1,671,110 n/a n/a n/a n/a n/a
Operating Income -1,763,356 -1,219,427 -1,217,246 -1,484,614 -1,477,923 -7,893,499 176,909 300,163 324,941 -1,709,332 531,449 -17,912,767 -1,621,669 -3,861,240 4,257,230 -1,874,042 -719,788 -463,881 -463,881 -463,881 -244,329 -10,105
Net Income -1,779,217 -582,592 179,508 -1,444,287 -313,627 -51,664,495 353,817 941,527 2,049,676 2,486,234 -748,067 -17,604,567 -1,413,447 -35,195,017 1,109,631 -1,827,245 784,548 -571,117 -571,117 -571,117 3,560,797 -1,743,727
Cash From Operations -1,078,657 -1,064,325 -538,037 -674,608 -1,140,730 -2,776,592 502,432 1,229,514 1,475,123 -607,112 720,331 -718,927 -226,436 -275,423 2,223,502 -69,061 -181,638 n/a n/a n/a -472,728 n/a
Capex n/a n/a n/a n/a n/a n/a n/a n/a n/a 0 0 340,237 -548,671 -3,583 -4,943 -4,376 -4,416 n/a n/a n/a n/a n/a
Free Cash Flow n/a n/a n/a n/a n/a n/a n/a n/a n/a -607,112 720,331 -378,690 -775,107 -279,006 2,218,559 -73,437 -186,054 n/a n/a n/a n/a n/a
Cash And Equivalents 5,897,470 6,779,040 861,722 247,318 931,397 2,324,647 5,861,475 6,111,982 5,626,362 4,888,769 8,948,644 8,239,095 8,628,752 8,390,195 7,273,012 172,441 47,885 254,523 254,523 254,523 330,240 938,805
Total Current Assets 12,381,092 12,198,582 11,096,887 4,958,603 5,218,781 11,700,687 12,171,163 7,832,187 7,427,105 7,761,229 10,588,595 9,888,379 10,246,420 10,231,172 13,222,013 377,441 271,635 437,022 437,022 437,022 662,245 1,288,805
Total Liabilities 8,962,410 8,971,116 6,667,803 23,814,748 23,604,509 25,506,301 27,520,611 28,887,533 30,735,154 33,505,598 45,354,318 44,730,603 45,124,532 94,229,731 68,179,832 9,552,948 6,441,770 7,327,435 7,327,435 7,327,435 6,884,123 11,050,412
Shares Outstanding n/a n/a 2,915,956 2,826,468 2,786,538 2,783,667 55,673,327 55,431,001 55,431,001 54,563,372 46,593,317 46,265,317 40,288,817 23,732,889 18,715,912 n/a n/a 0 0 0 n/a n/a
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 4,353,099 2,921,648 3,110,899 2,826,468 2,786,538 2,772,867 56,550,287 56,485,467 56,268,075 42,574,563 49,257,988 43,859,305 25,670,730 18,988,558 20,760,912 n/a n/a n/a n/a n/a 18,715,912 n/a
Weighted Avg Shares Basic 4,353,099 2,921,648 2,907,219 2,826,468 2,786,538 2,772,867 55,501,354 55,431,001 55,213,609 42,574,563 49,257,988 43,859,305 25,670,730 18,988,558 18,715,912 3,570,422 3,403,175 n/a n/a n/a 18,715,912 2,931,887
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 12,381,092USD us-gaap:AssetsCurrent 2026-03-31 1.00 sec/companyfacts/cik=0001854963/companyfacts.json
D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001854963\companyfacts.json
Total Liabilities 8,962,410USD us-gaap:Liabilities 2026-03-31 1.00 sec/companyfacts/cik=0001854963/companyfacts.json
D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001854963\companyfacts.json
Cash 5,897,470USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2026-03-31 1.00 sec/companyfacts/cik=0001854963/companyfacts.json
D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001854963\companyfacts.json
Shares Outstanding 4,353,099 us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding 2026-03-31 1.00 sec/companyfacts/cik=0001854963/companyfacts.json
D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001854963\companyfacts.json
NCAV 3,418,682USD derived 2026-03-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.79USD derived 2026-03-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Margin of Safety 69.2% derived 2026-03-31 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / weighted_avg_shares_diluted

Source Provenance

Data Source
Data Vault
Data Vault Root
D:\Projects\The Data Vault
CIK
0001854963
Company ID
n/a
Selected Annual Source
D:\Projects\The Data Vault\objects\sec\companyfacts\cik=0001854963\companyfacts.json
Selected Quarterly Source
D:\Projects\The Data Vault\data\objects\sec\companyfacts\cik=0001854963\companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
18
Imported At
2026-07-04T23:04:38+00:00
Rendered At
2026-07-05T09:06:29+00:00

Run Audit

Mary Run
1ec055d81d1a42a39490a83bb9e1f22f
Mary As Of
2026-07-03
Accession
0001493152-26-023748
CIK
0001854963
Mary Filing Date
2026-05-15
Filing Currency
USD
Internal Discount
69.2%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=1ec055d81d1a42a39490a83bb9e1f22f; mary_as_of=2026-07-03; mary_filing_date=2026-05-15; mary_accession=0001493152-26-023748; mary_cik=0001854963; gnni_supporting_filing_date=2026-05-15; internal_discount=0.691855; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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