SHF Holdings (SHFS) Stock Surges Over 26% After Hours: What’s Driving the Surge

SHF Holdings Inc. (NASDAQ:SHFS) shares surged 26.42% to $0.020 in after-hours trading on Tuesday.

The surge in the late session follows an intraday decline of 35.89%, when the stock closed at $0.016, according to Benzinga Pro data.

The move followed the cannabis fintech platform’s announcement of third-quarter results on Monday.

Revenue Growth and Narrower Operating Loss

Revenue for the quarter rose 6.5% to $1.95 million from $1.83 million a year earlier. Loan program income jumped 70.2% to about $869,000. The company said an amended agreement with Partner Colorado Credit Union raised its share of that income from about 35% to up to 65%.

Operating loss also narrowed 17.7% to $1 million. Average client deposits rose 3.8% to $112 million.

Net loss was $979,000, or $0.95 per share, versus net income of $180,000 a year earlier.

Going Concern Warning and Liquidity Concerns

Cash totaled $4.4 million, down from $6.78 million at year-end 2025.

The company’s financial statements include a going concern warning.

CEO Terry Mendez said, "We recognize the challenges facing our capital structure and public listing."

Nasdaq has given it until Apr. 19, 2027, to regain compliance with the $1 minimum bid price requirement.

Trading Metrics, Technical Analysis

SHF Holdings has a market capitalization of about $1.69 million. Over the past 52 weeks, its stock has traded as high as $28.32 and as low as $0.01.

SHFS has a Relative Strength Index (RSI) of 24.60.

Over the past 12 months, the small-cap stock has fallen 99.93%.

Benzinga’s Edge Stock Rankings indicates SHF Holdings stock has a negative price trend across all time frames.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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