Estados financieros detallados de SHF Holdings, Inc. (SHFS): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
SHF Holdings, Inc. registró ingresos de $7.7M en el último ejercicio fiscal, con un CAGR de 5 años del -0.9%.
Márgenes de los últimos 12 meses: margen bruto 89.0%, margen operativo -28.5%, margen neto -33.0%.
Al precio actual de $0.16, SHFS presenta beneficios negativos (P/E no significativo) y un ROE del -52.68%. La capitalización bursátil es de $2M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $8.0M | $7.0M | -$32.0M | $20.3M | $18.4M | $7.7M |
| Coste de Ventas | $15853 | $1399 | $1.2M | $1.4M | -$859741 | $3.3M |
| Beneficio Bruto | $8.0M | $7.0M | -$33.2M | $18.9M | $19.3M | $4.3M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $1.9M | $2.8M | $9.2M | $17.2M | $12.1M | $3.3M |
| Gastos Operativos | $2.9M | $3.7M | $11.2M | $38.0M | $23.7M | $9.7M |
| Beneficio Operativo | $5.1M | $3.3M | -$44.4M | -$19.1M | -$4.5M | -$5.4M |
| EBITDA | $5.1M | $3.3M | -$44.2M | -$17.7M | -$3.7M | -$5.4M |
| Gastos por Intereses | $2511 | 0 | $705204 | $1.1M | $533390 | $492643 |
| Beneficio Antes de Impuestos | $5.1M | $3.3M | -$44.4M | -$19.1M | -$4.5M | -$2.2M |
| Impuestos | 0 | 0 | -$9.3M | -$1.8M | $43.9M | -$58470 |
| Beneficio Neto | $5.1M | $3.3M | -$35.1M | -$17.3M | -$48.3M | -$2.2M |
| BPA | $5.47 | $3.51 | $-37.00 | $-8.12 | $-17.43 | $-0.82 |
| BPA Diluido | $5.47 | $3.51 | $-37.00 | $-8.12 | $-17.43 | $-0.82 |
| Acciones en Circulación (Diluidas) | $935795 | $935795 | $949427 | $2.1M | $2.8M | $2.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.2M | $6.1M | $2.0M | $1.9M |
| Beneficio Bruto | $923713 | $6.3M | $829630 | $1.9M |
| Beneficio Operativo | $179508 | -$582592 | -$1.8M | -$1.0M |
| EBITDA | $180145 | -$453521 | -$1.6M | -$1.4M |
| Beneficio Neto | $179508 | -$582592 | -$1.8M | -$1.5M |
| BPA | $0.06 | $-0.27 | $-0.43 | $-0.36 |
| BPA Diluido | $0.06 | $-0.27 | $-0.43 | $-0.36 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $3.0M | $5.5M | $8.4M | $4.9M | $2.3M | $6.8M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $247858 | $530452 | $1.5M | $6.8M | $1.1M | $1.6M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $3.2M | $6.0M | $10.2M | $12.8M | $4.5M | $12.2M |
| Inmovilizado Material | $2352 | $6351 | $1.1M | $944081 | $706678 | $547186 |
| Fondo de Comercio | 0 | 0 | $19.3M | $6.1M | 0 | 0 |
| Activos Intangibles | 0 | 0 | $10.6M | $3.7M | 0 | 0 |
| Activos Totales | $4.6M | $7.5M | $99.5M | $67.9M | $13.2M | $17.2M |
| Cuentas por Pagar | $108526 | $43626 | $2.7M | $794707 | $216331 | $361193 |
| Deuda a Corto | 0 | 0 | $26.0M | $3.0M | $255765 | 0 |
| Pasivos Corrientes | $220950 | $181505 | $49.6M | $7.9M | $5.3M | $6.5M |
| Deuda a Largo | 0 | 0 | $31.6M | $11.0M | $10.7M | 0 |
| Pasivos Totales | $220950 | $181505 | $94.3M | $33.5M | $25.5M | $9.0M |
| Reservas | 0 | 0 | -$39.7M | -$71.6M | -$120.8M | -$122.9M |
| Patrimonio Neto | $4.4M | $7.3M | $5.1M | $34.4M | -$12.3M | $8.2M |
| Deuda Total | 0 | 0 | $58.6M | $15.0M | $11.9M | $710515 |
| Deuda Neta | -$3.0M | -$5.5M | $50.2M | $10.1M | $9.5M | -$6.1M |
| Capital Circulante | $3.0M | $5.9M | -$39.3M | $5.0M | -$766902 | $5.7M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $861722 | $6.8M | $5.9M | $5.7M |
| Activos Totales | $13.7M | $17.2M | $15.7M | $14.2M |
| Pasivos Totales | $6.7M | $9.0M | $9.0M | $8.1M |
| Patrimonio Neto | $7.0M | $8.2M | $6.7M | $6.1M |
| Deuda Total | $753431 | $710515 | $666673 | $622074 |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $5.1M | $3.3M | -$35.1M | -$17.3M | -$48.3M | -$2.4M |
| Amortizaciones | $5859 | $1921 | $189274 | $1.4M | $711929 | $132227 |
| Compensación en Acciones | 0 | 0 | $2.8M | $3.7M | $1.6M | $1.5M |
| Cambio en Capital Circulante | -$184304 | -$343824 | $393398 | -$4.1M | -$2.0M | $736129 |
| Flujo de Caja Operativo | $5.0M | $2.9M | $1.7M | -$832144 | $430477 | -$3.4M |
| Inversiones (CapEx) | -$981 | -$5920 | -$17318 | -$208434 | $3 | 0 |
| Adquisiciones | 0 | 0 | -$3.0M | -$3.0M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $4.9M | $2.9M | $1.7M | -$1.0M | $430477 | -$3.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$538037 | -$1.1M | -$1.1M | -$2.48B |
| Inversiones (CapEx) | -$3 | $5 | -$3 | 0 |
| Flujo de Caja Libre | -$538040 | -$1.1M | -$1.1M | -$2.48B |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $596118 | 0 | $58908 | $100.4M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -12.8% | -556.8% | +163.4% | -9.2% | -58.3% |
| Crecimiento Beneficio Neto (anual) | | -35.7% | -1168.7% | +50.8% | -179.6% | +95.5% |
| Crecimiento BPA (anual) | | -35.8% | -1154.1% | +78.1% | -114.7% | +95.3% |
| Cambio en Acciones (anual) | | +0.0% | +1.5% | +124.2% | +30.3% | +5.4% |
| Crecimiento FCF (anual) | | -40.6% | -42.9% | -161.9% | +141.4% | -893.9% |
| Margen Bruto | 99.8% | 100.0% | 103.8% | 93.2% | 104.7% | 56.6% |
| Margen Operativo | 63.6% | 46.9% | 138.7% | -94.2% | -24.2% | -70.4% |
| Margen EBITDA | 63.7% | 46.9% | 138.1% | -87.5% | -20.4% | -70.4% |
| Margen Neto | 63.6% | 46.9% | 109.8% | -85.2% | -262.5% | -28.2% |
| Margen FCF | 61.6% | 42.0% | -5.3% | -5.1% | 2.3% | -44.5% |
| Tasa Impositiva Efectiva | 0.0% | 0.0% | 20.8% | 9.6% | -983.4% | 2.6% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $5.29 | $3.14 | $1.77 | $-0.49 | $0.16 | $-1.17 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $935795 | $935795 | $949427 | $2.1M | $2.8M | $2.9M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | -52.68% |
| Rentabilidad sobre capital invertido | -39.26% |
| Rentabilidad sobre activos | -26.11% |
| Margen bruto | 89.01% |
| Margen operativo | -28.48% |
| Margen neto | -32.97% |
Salud financiera
| Deuda / Patrimonio | 0.10 |
| Ratio corriente | 1.76 |
| Piotroski F-Score | 3 |
| Altman Z-Score | -9.99 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 36.12 | 57.38 | -0.96 | -3.50 | -0.52 | -1.29 |
| P/VC | 42.47 | 25.68 | 6.59 | 1.76 | -2.03 | 0.38 |
| P/V | 23.00 | 26.90 | -1.05 | 2.98 | 1.36 | 0.40 |
| Margen Bruto | 99.8% | 100.0% | 103.8% | 93.2% | 104.7% | 56.6% |
| Margen Operativo | 63.6% | 46.9% | 138.7% | -94.2% | -24.2% | -70.4% |
| Margen Neto | 63.6% | 46.9% | 109.8% | -85.2% | -262.5% | -28.2% |