Preheat oven to 350F and line a baking sheet with parchment paper.
In a food processor, pulse the almond flour, shredded cheddar cheese, salt, olive oil, and water until a cohesive dough forms.
Place the dough between two sheets of parchment paper and roll it out until it is very thin, about a quarter inch thick.
Remove the top piece of parchment paper, use a pizza cutter to score the dough into small cracker squares, and transfer the bottom paper with the dough to the baking pan.
Bake for 12 to 15 minutes until the edges are golden brown and crispy.
Let the crackers cool completely on the pan before breaking them apart.