SHF Holdings (NAS:SHFS) Net Income

: $-56.79 Mil (TTM As of Sep. 2023)

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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. SHF Holdings's Net Income for the three months ended in Sep. 2023 was $-0.75 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-56.79 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. SHF Holdings's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-0.02.

SHF Holdings Net Income Historical Data

The historical data trend for SHF Holdings's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SHF Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Net Income

5.12

3.29

-35.13

SHF Holdings Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Net Income							1.06	-37.02	-1.41	-17.61	-0.75

SHF Holdings Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

SHF Holdings's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

	Net Income		(A: Dec. 2022 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-44.381	+	9.253	+	0	+	0
=	-35.13

SHF Holdings's Net Income for the quarter that ended in Sep. 2023 is calculated as

	Net Income		(Q: Sep. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-0.686	+	-0.062	+	0	+	0
=	-0.75

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-56.79 Mil.

SHF Holdings (NAS:SHFS) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

SHF Holdings's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

Earnings per Share (Diluted) (Q: Sep. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-0.748	-	0)	/	49.258
	=	-0.02

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

SHF Holdings Net Income Related Terms

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SHF Holdings (NAS:SHFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SHF Holdings Inc (NAS:SHFS) » Definitions » Net Income

Traded in Other Exchanges

N/A

Address

1526 Cole Boulevard, Suite 250, Golden, CO, USA, 80410

Website

https://www.shfinancial.org

SHF Holdings Inc is a financial services provider to cannabis-related businesses. It offers reliable access to banking solutions for cannabis, hemp, CBD, and ancillary operators, making communities safer, driving growth in local economies, and fostering long-term partnerships. The group, through its financial institution clients, implements accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Its services include Program Management Support, Customer Lead Generation, Ongoing Program Auditing, and Compliance Monitoring among others.

Executives

Dan Roda	officer: EVP / Chief Operating Officer	1526 COLE BLVD, SUITE 250, GOLDEN CO 80401
Jonathan Summers	director	909 BANNOCK STREET, DENVER CO 80204
Sundie Seefried	officer: Chief Executive Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Richard Carleton	director	5269 W. 62ND AVENUE, ARVADA CO 80003
John Darwin	director	909 BANNOCK STREET, DENVER CO 80204
Jonathon Niehaus	director	5269 W. 62ND AVENUE, ARVADA CO 80003
Jennifer Meyers	director	5269 W. 62ND AVENUE, ARVADA CO 80003
Donald Emmi	officer: Chief Legal Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Doug Fagan	director	1526 COLE BLVD, SUITE 250, GOLDEN CO 80401
Jim Dennedy	officer: Chief Financial Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Partner Colorado Credit Union	10 percent owner	6221 SHERIDAN BLVD, ARVADA CO 80003
Karl Racine	director	5269 W. 62ND AVENUE, ARVADA CO 80003
Tyler Beuerlein	officer: Chief Business Develop Officer	5269 W. 62ND AVENUE, ARVADA CO 80003
Midtown East Management Nl Llc	10 percent owner	ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020
Atalaya Special Purpose Investment Fund Ii Lp	10 percent owner	C/O ATALAYA CAPITAL MANAGEMENT LP, ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020