Monitor cash burn and further dilution from remaining Series B preferred conversions. The company's ability to achieve profitability remains uncertain given widening losses and negative operating cash flow.
Price Chart
Executive Summary
Safe Harbor Financial reported Q2 2026 revenue of $1.93M, up 4.8% YoY, driven by a 50.7% increase in loan program income. However, net loss widened to $(1.5M) from $(0.9M) YoY, and net loss attributable to common stockholders was $(2.5M) due to a $1.0M non-cash deemed dividend from Series B preferred conversions. The company continues to burn cash and dilute shareholders, with stockholders' equity declining to $6.1M from $8.2M at year-end 2025.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $1.93M, up 4.8% YoY
- Loan program income up 50.7% to ~$0.8M
- Net loss widened to $(1.5M) from $(0.9M) YoY
- Net loss attributable to common stockholders $(2.5M) or $(0.36) per share
- Cash and cash equivalents $5.7M, down from $6.8M at year-end 2025
- Stockholders' equity $6.1M, down from $8.2M at year-end 2025
- Series B preferred conversions added 4.9M common shares during the quarter
Financial Impact
Revenue grew modestly but net loss widened 63% YoY; equity declined 26% from year-end 2025; ongoing dilution from preferred conversions.
Risk Factors
- Continued cash burn and potential need for additional capital
- Further dilution from preferred stock conversions or future offerings
- Dependence on cannabis regulatory environment for growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3341770 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | EFFECT | $0.1751 $0.1557 | ▲ +11.08% | ▲ +10.02% | $1.30 (−642.43%) |
Aug 10, 2026 7w ago | 8-K | $0.1822 $0.1536 | ▲ +15.70% | ▲ +14.78% | $1.30 (−613.50%) |
Aug 10, 2026 7w ago | Press Release | $0.1822 $0.1536 | ▲ +15.70% | ▲ +14.78% | $1.30 (−613.50%) |
May 18, 2026 19w ago | Press Release | $0.4790 $0.2848 | ▼ −40.54% | ▼ −42.12% | $1.30 (+171.40%) |
Apr 16, 2026 24w ago | Press Release | $0.8700 $0.4380 | ▼ −49.66% | ▼ −55.47% | $1.30 (+49.43%) |
Apr 1, 2026 26w ago | Press Release | $0.8000 $0.8280 | ▲ +3.50% | ▼ −6.22% | $1.30 (+62.50%) |
Mar 3, 2026 30w ago | 8-K | $0.8600 $0.8310 | ▼ −3.37% | ▲ +1.03% | $1.30 (+51.16%) |
Sep 30, 2025 12mo ago | Insider Cluster | $7.16 $3.05 | ▼ −57.40% | ▼ −60.54% | $1.30 (−81.84%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access