EL7.AI
StocksMedium•9 November 2026•
3 min read

Safe Harbor Reports Third-Quarter Results; Revenue and Loss Figures Could Not Be Verified

Key Facts

1Average customer deposits over 14 days were about $119.3 million as of September 30, 2026, up 7.4% year over year.
2Safe Harbor received an additional 180-day compliance period, ending April 19, 2027.
3The company estimated that the 25-basis-point Federal Reserve rate increase would add about $150,000 a year to investment income.
4A 1-for-12 reverse stock split took effect on September 30, 2026.

Safe Harbor reported third-quarter results on November 9, 2026, but the revenue and loss figures in the results announcement could not be verified from a reliable open source. On October 6, the company had published preliminary data showing that average customer deposits over 14 days were about $119.3 million as of September 30, up 7.4% year over year. Deposit growth is an indicator of an expanding funding base underpinning the company's banking and lending activities. The company stressed at the time, however, that the deposit data did not constitute a comprehensive statement of quarterly results. It also cautioned against inferring revenue, net income or other results from the data.

In the preliminary deposit statement, the CEO said continued deposit growth "reflects the strength of the strategy we have put in place." The company is working to expand its platform in banking, lending, business solutions and enterprise infrastructure, the CEO said. The deposits are held at partner financial institutions and are not deposits of the company itself, the CEO also noted. That distinction puts the figures in the context of Safe Harbor's role in providing financial services and connecting customers with partner institutions. The company said it would announce its full quarterly results at a later date to be announced.

Safe Harbor estimated that the Federal Reserve's 25-basis-point rate increase on September 16 would add about $150,000 a year to investment income. The estimate was based on the assumption that customer and loan balances, as well as financial partner arrangements, would remain unchanged. The company cautioned that the actual impact would depend on those balances and arrangements, as well as any subsequent changes in interest rates. The estimate relates to data at the end of September and is not a statement of income earned during the quarter. Its actual financial impact therefore remains subject to the variables the company cited.

The results come after Safe Harbor received an additional 180-day compliance period on October 20 to regain Nasdaq's minimum bid price. The new deadline is April 19, 2027. The company was notified on April 22, 2026, that it did not meet the minimum bid price requirement of $1.00 per share and was given an initial deadline through October 19 of the same year. The new date sets the timeframe available to the company to address its Nasdaq status. A 1-for-12 reverse stock split took effect on September 30, with trading continuing under the ticker SHFS.