LM Funding America, Inc.

LM Funding America, Inc. Earnings Recaps

LMFA 3 recaps
Q1 2026 May 16, 2026

Shares fell 9.7% as investors reacted negatively to a cautious outlook amid material margin compression and a significant net loss driven by Bitcoin price declines, despite operational improvements in production and hash rate.

Key takeaways
  • Bitcoin production grew 19% sequentially to 26.1 BTC, reaching a record energized hash rate of 790 petahash in March.
  • Revenue declined 11% year-over-year to approximately $2.1 million, pressured by a lower average Bitcoin price (~$75,700 vs. ~$99,700 in prior quarter).
  • Mining margin compressed slightly to 24.1% from 25% last quarter, despite ~$368,000 in curtailment and energy sales providing partial offset.
  • The net loss widened to $10.1 million due to a $7 million non-cash markdown on digital assets tied to a Bitcoin price drop from $87,500 to $68,300.
  • Balance sheet includes 338.2 BTC valued at $23.1 million as of quarter-end, yet market capitalization remains well below Bitcoin treasury value, reflecting investor caution.
Full recap
Q3 2025 Nov 14, 2025

LM Funding America, Inc. demonstrated significant growth in Q3 2025, bolstered by strategic acquisitions and a robust Bitcoin treasury that enhanced operational efficiency and profitability.

Key takeaways
  • Revenue reached $2.2 million, marking a 13% sequential increase and 74% year-over-year growth.
  • Bitcoin treasury grew to approximately 304.5 BTC, valued at nearly $35 million, significantly exceeding the company’s market cap.
  • Mining production rose 28% month-over-month to 7.6 BTC in October, driven by increased capacity from the newly acquired Mississippi facility.
  • The company reduced dilution by retiring 3.3 million shares and over 7.3 million warrants, enhancing Bitcoin per share.
  • Continued investment in advanced mining technology anticipated to drive further operational efficiency and production increases in the coming months.
Full recap
Q2 2025 Aug 14, 2025

LM Funding America reported a decline in Q2 revenue to $1.9 million, primarily due to reduced Bitcoin production, yet improved operational efficiency and an acquisition position the company for future growth.

Key takeaways
  • Completed a $3.9 million acquisition of an 11-megawatt Bitcoin mining site in Mississippi, expected to enhance capacity to 26 megawatts.
  • Achieved mining margins of 41%, up from 38.5% in Q1, driven by strategic relocations and lower power costs.
  • Generated $223,000 in curtailment and energy sales during the quarter, reflecting a 49% increase from Q1 2025.
  • Reported net income of approximately $60,000, a significant improvement from the previous quarter's loss of $5.4 million.
  • Increased Bitcoin holdings to 155.5 BTC valued at $16.7 million while maintaining a disciplined growth and accumulation strategy.
Full recap