A company still losing money with steady sales, with elevated risk.
Watch out for
Losing money, losses are large next to sales
Debt above equity: 1.31x
Revenue down 49.7% from the year before
Money moves
No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.09-30.8% that day
Company value
$1M
Share price times all shares
Price vs sales
0.14x
No profit over the last year, so this compares value with sales instead
Debt vs value
968%
Owes more than the whole company is worth
From SHFS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$1.9M+4.8% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $7.8M, down 29% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SHFS. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$5M
Profit in 5 years$0M
Price these guesses point to$0.56+523% vs $0.09 todayAbout +44% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 38% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/4Weak
MissDebt under half of equityNot relying on borrowed money.1.31x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-28.2%
MissProfitable every yearSteady profits, not one good year.1 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3.4M
Revenue
$7.7M
-49.7% vs prior year
Total debt
$10.7M
1.31x equity
Free cash flow
-$3.4M
-44.5% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 6
Revenue
$1.9M
+4.8% YoY
EPS
-$0.36
vs -$0.33
Op. margin
-53.0%
-0.4 pts
Free cash flow
-$1.8M
Share count
+145.1%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
73/ 100
This week
3
Normal week
1.1
vs normal
2.8x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+75.4%
Cash runwayAt last year's cash burn
20 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
12M
Why high risk
Losing money, losses are large next to sales
About 20 months of cash left at its current burn
Share count growing 75.4% a year (dilution)
Revenue down 49.7% from the year before
6 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Earnings reports
Last 12
Next reportAround Dec 15 (est.)Estimated from the same quarter last year
Results filedOct 6
Results filedAug 10
Results filedMay 18
Results filedApr 16
Results filedApr 1
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days