LM Funding America Reports Q4 Earnings with Increased Revenue but Lower EPS

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: Mar 27 2026

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LMFA-4.12%

Should l Buy LMFA?

Source: seekingalpha

Revenue Growth: LM Funding America reported Q4 revenue of $2.36 million, reflecting an 18.6% year-over-year increase and an 8.7% sequential rise, indicating the company's ongoing growth potential in Bitcoin production.
Increased Bitcoin Production: The company mined 22.0 Bitcoins in Q4, up from 17.6 in Q3, primarily due to a higher energized hashrate, although the average Bitcoin price fell to approximately $99,700.
Declining Profitability: The mining margin for Q4 was 25%, significantly lower than the 49% margin in Q3, highlighting the impact of Bitcoin price fluctuations on the company's profitability.
Market Outlook: Despite an EPS of -$1.33 indicating short-term financial challenges, the growth in revenue and Bitcoin production lays a foundation for potential recovery and future growth.

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Analyst Views on LMFA

Wall Street analysts forecast LMFA stock price to rise

2 Analyst Rating

1 Buy

1 Hold

0 Sell

Moderate Buy

Current: 0.243

Low

6.00

Averages

6.00

High

6.00

Current: 0.243

Low

6.00

Averages

6.00

High

6.00

Maxim

Matthew Galinko

Buy

downgrade

$4 -> $1

2026-03-31

New

Reason

Maxim

Matthew Galinko

Price Target

$4 -> $1

AI Analysis

2026-03-31

New

downgrade

Buy

Reason

Maxim analyst Matthew Galinko lowered the firm's price target on LM Funding to $1 from $4 and keeps a Buy rating on the shares. The firm cites the company's Q4 revenue coming in below its estimates as well as EBITDA loss wider than expected given the $3M writedown on collateralized bitcoin holdings due to a decline in the price of BTC during the period, the analyst tells investors in a research note.

H.C. Wainwright

Neutral -> Buy

upgrade

2025-08-15

Reason

H.C. Wainwright

Price Target

2025-08-15

upgrade

Neutral -> Buy

Reason

H.C. Wainwright upgraded LM Funding to Buy from Neutral with a $5 price target following the Q2 report. The company has increased operating control, capacity growth, and margin leverage now in place, the analyst tells investors in a research note. The firm believes LM's scaling path is now visible with Oklahoma's 2MW immersion expansion on track to ramp later this year.

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About LMFA

LM Funding America, Inc. operates as a Bitcoin mining and specialty finance company. It has two reportable segments: Specialty Finance and Mining Operations. Its Bitcoin mining business operation deploys the computing power to mine Bitcoin and validate transactions on the Bitcoin network. Its specialty finance business offers funding to nonprofit community associations (Associations) located in the state of Florida. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. It also purchases accounts on varying terms to suit each Association’s financial needs, including under its New Neighbor Guaranty program. In its New Neighbor Guaranty program, an Association assigns substantially all of its outstanding indebtedness and accruals on its delinquent units to the Company in exchange for payment of monthly dues on delinquent units.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

LM Funding America Inc. May Issue Up to $75 Million in Common Stock Through ATM Agreement, According to SEC Filing

Mar 27 2026moomoo

Funding Announcement: A funding initiative has been launched by a company named "Game America Inc." offering up to $75 million under a new agreement.
SEC Filing: The details of this funding offer have been filed with the Securities and Exchange Commission (SEC).

LM Funding America Inc. Enters Into ATM Offering Agreement with Maxim Group LLC on March 27, 2026 - SEC Filing

Mar 27 2026moomoo

Funding Announcement: GameAmerica Inc. has entered into a significant funding agreement with Maxim Group LLC.
Effective Date: The agreement is set to take effect on March 27, 2026.

LM Funding America Q4 2025 Earnings Call Insights

Mar 27 2026seekingalpha

Business Transformation: LM Funding America underwent a significant transformation in 2025, evolving from a single-site miner to a multi-site vertically integrated platform, ending the year with over 356 Bitcoins valued at approximately $31.2 million, thereby strengthening the foundation for future growth.
Production Capacity Increase: By the end of 2025, the company achieved a total of 750 petahash across two sites in Oklahoma and Mississippi, a substantial increase from 560 petahash at the beginning of the year, demonstrating proactive progress in expanding production capabilities.
Financial Performance: Total revenue for Q4 2025 reached $2.4 million, an 8.7% sequential increase and a 19% year-over-year rise, although the mining margin fell to 25% due to declining Bitcoin prices, the production of 22 Bitcoins partially offset the revenue compression.
Future Outlook: Management anticipates focusing on improving production efficiency and increasing Bitcoin per share in 2026, with plans to leverage expansions in Mississippi and ongoing operations in Oklahoma, despite challenges posed by market volatility.