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LMFA

LM Funding America, Inc.

LMFA

LM Funding America, Inc. • NASDAQ
$0.99 ▲ 2.95% (+0.03)
Market Cap $11.72 M
52w High $5.14
52w Low $0.75
Dividend Yield 0%
P/E -0.22
Volume 240.85K
Outstanding Shares 11.83M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.943M ▼ $5.46M ▲ $-4.077M ▼ -209.84% ▼ $0 ▼ $1.972M ▼
Q2-2025 $5.669M ▲ $5.381M ▼ $100.554K ▲ 1.774% ▲ $0.02 ▲ $2.1M ▲
Q1-2025 $607.442K ▼ $5.794M ▲ $-5.399M ▼ -888.755% ▼ $-1.05 ▼ $-3.369M ▼
Q4-2024 $6.08M ▲ $3.977M ▼ $1.966M ▲ 32.331% ▲ $0.7 ▲ $2.55M ▲
Q3-2024 $1.081M $5.76M $-4.698M -434.647% $-2.41 $-1.539M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $11.715M ▲ $60.156M ▲ $11.75M ▲ $50.135M ▲
Q2-2025 $837.172K ▼ $39.034M ▼ $8.91M ▼ $31.858M ▲
Q1-2025 $1.047M ▼ $39.121M ▼ $9.082M ▲ $31.733M ▼
Q4-2024 $3.405M ▼ $44.047M ▲ $8.705M ▲ $37.027M ▲
Q3-2024 $9.916M $36.536M $7.944M $30.202M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-3.729M ▼ $-3.055M ▼ $-19.521M ▼ $22.514M ▲ $-62.009K ▲ $-3.331M ▲
Q2-2025 $100.554K ▲ $-2.814M ▲ $2.357M ▲ $-217.787K ▼ $-675.29K ▲ $-3.528M ▼
Q1-2025 $-5.407M ▼ $-2.899M ▲ $749.101K ▲ $-199.375K ▼ $-2.349M ▲ $-3.069M ▲
Q4-2024 $1.891M ▲ $-3.256M ▼ $-3.851M ▼ $4.572M ▼ $-2.535M ▼ $-3.76M ▼
Q3-2024 $-5.717M $-2.702M $1.515M $6.955M $5.768M $-2.704M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Specialty Finance
Specialty Finance
 $0 ▲$0 ▲$0 ▲$0 ▲
Mining Operations
Mining Operations
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue is very small and has not grown meaningfully over the last few years. The legacy finance business appears stable but modest, while the newer Bitcoin mining side has not yet translated into clearly stronger reported sales. Profitability has been weak, with recurring losses and no consistent operating profit. The company has swung between small break-even type years and more sizable losses, suggesting that its cost base and investment spending are still ahead of the income it generates. Overall, this is a business still in the “build and invest” phase rather than one showing clear, steady earnings power.

Balance Sheet

Balance Sheet The balance sheet is lean, with a relatively small asset base and equity level. Cash has come down from earlier years and now looks tight, which limits flexibility and raises reliance on outside funding or future improvements in cash generation. Debt is present but not heavy, so the company is not highly leveraged; however, the limited size of its assets and equity means it does not have a large cushion if conditions worsen. In short, financial strength is modest and the room for error appears narrow.

Cash Flow

Cash Flow Cash generation from the core business has been weak, with operating cash flow hovering around break-even or negative in recent years. Free cash flow has been consistently negative, driven by both operating losses and prior investment in equipment and infrastructure, especially for mining. This pattern indicates the company has been funding its growth and pivot through external capital rather than self-funded cash profits. Unless operations turn meaningfully cash-positive, ongoing investments or expansions may continue to strain liquidity.

Competitive Edge

Competitive Edge LM Funding has a niche position in community association collections, supported by specialized legal and financial know-how and a proprietary software platform that makes life easier for its association clients. This creates some stickiness and gives it an edge in that narrow market, especially where governing rules are complex. In Bitcoin mining, the company’s vertical integration and focus on low-cost energy are positives, but this is a scale-driven, brutally competitive, and highly cyclical industry. Larger miners with more capital, cheaper power, and newer hardware are tough competitors, so LMFA’s advantage there depends heavily on execution, cost control, and its ability to grow efficiently from a relatively small base.

Innovation and R&D

Innovation and R&D The company’s main “R&D” lies in software and operating models rather than in traditional lab research. In specialty finance, its proprietary collections platform and creative contract structures are the main innovations, helping automate and de-risk complex legal processes for clients. In mining, LMFA is trying to innovate through vertical integration, facility ownership, and exploration of more efficient mining technologies and cooling methods. Future value from these efforts depends on successfully scaling mining capacity, locking in cheap and reliable energy, and staying current with rapid hardware and technology changes, all in a very uncertain regulatory and price environment for digital assets.

Summary

LM Funding is a small, specialized financial services firm that has made a big bet on Bitcoin mining. Its traditional collections business offers a differentiated, software-enabled service in a narrow market, but it is not large enough on its own to drive strong growth. The pivot into crypto mining has required significant investment and has not yet produced consistent profits or strong cash flows, leaving the company with modest resources and limited financial cushion. The story now hinges on whether its mining operations can scale efficiently and generate reliable cash in a volatile, competitive sector. Investors monitoring LMFA typically focus on execution in mining, cost discipline, liquidity management, and how resilient the business can be through Bitcoin cycles, while recognizing that both upside and downside outcomes are highly uncertain.

NEWS

November 14, 2025 · 7:30 AM UTC

LM Funding America, Inc. Reports Third Quarter 2025 Financial Results

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November 6, 2025 · 8:00 AM UTC

LM Funding Announces Third Quarter 2025 Earnings Call for November 14, 2025

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November 5, 2025 · 8:00 AM UTC

LM Funding America Announces October 2025 Production and Operational Update

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November 3, 2025 · 8:00 AM UTC

LM Funding America Announces $1.5 Million Share Repurchase Program

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October 30, 2025 · 8:00 AM UTC

LM Funding America Announces Private Repurchase of Shares and Warrants

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