LM Funding America, Inc. (LMFA) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
0mins
Should l Buy LMFA?
Source: SeekingAlpha
Revenue $2.2 million, up approximately 13% sequentially and 74% year-over-year. The sequential increase reflects stronger average Bitcoin pricing of $114,000 and contributions from the newly operational Mississippi facility for the second half of September.
Mining Margins 49%, driven by a shift from hosting fees to self-mining, utilizing curtailment and energy sales to offset mining expenses and higher fleet efficiency.
Curtailment and Energy Sales $152,000, down from $223,000 in Q2 due to cooler seasonal temperatures.
Net Loss $3.7 million, driven by increased staff costs and payroll expenses.
Core EBITDA Loss $1.4 million, driven by increased staff costs and payroll expenses.
Bitcoin Treasury 304 Bitcoin valued at $34.7 million at quarter end, nearly double the market cap. As of October 31, the Bitcoin treasury stood at approximately 295 Bitcoin, valued at roughly $31.9 million.
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Analyst Views on LMFA
Wall Street analysts forecast LMFA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMFA is 6.00 USD with a low forecast of 6.00 USD and a high forecast of 6.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.290
Low
6.00
Averages
6.00
High
6.00
Current: 0.290
Low
6.00
Averages
6.00
High
6.00
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.
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
LM Funding Achieves Record 7.5 Bitcoin Production in December 2025
- Production Milestone: In December 2025, LM Funding achieved a record monthly Bitcoin production of 7.5 Bitcoin, showcasing its robust growth potential in the cryptocurrency mining sector.
- Capital Raise: The company strengthened its balance sheet by raising approximately $6.1 million in equity, enabling the purchase of 47 Bitcoin at an average price of about $87,400 each, thereby enhancing its capital profile.
- Asset Valuation: As of December 31, 2025, the value of the company's 356.3 Bitcoin holdings was approximately $31.4 million, translating to $1.46 per share, reflecting the positive impact of Bitcoin's price performance on the company's stock value.
- Revenue Growth: In December, the company generated approximately $63,000 in curtailment and energy revenues, bringing the estimated total for the year to $1.2 million, indicating successful diversification of revenue streams.
See More
LM Funding Secures $6.5 Million Financing to Expand Bitcoin Operations
- Financing Agreement Reached: LM Funding America has signed agreements with institutional investors to issue 1,822,535 shares of common stock and 7,332,395 pre-funded warrants at $0.71 per share, with total gross proceeds estimated at $6.5 million, enhancing the company's financial strength in the Bitcoin sector.
- Warrant Terms Adjustment: The company agreed to reduce the exercise price of 3,472,740 outstanding warrants from $2.95 to $0.87 and extend the term to five years, aiming to boost investor confidence and facilitate future fundraising activities.
- Issuance Timeline: The registered direct offering is expected to close on December 22, 2025, subject to customary closing conditions, ensuring timely access to funds to support the company's operational and expansion plans.
- Market Regulatory Compliance: This financing adheres to the SEC's registration statement, demonstrating the company's commitment to compliance, which helps enhance market transparency and investor trust.
See More
LM Funding Energizes First BC40 Elite Miner, Adding 35 PH/s to Hashrate
- Hashrate Expansion: LM Funding successfully energized its first BC40 Elite miner in Oklahoma, adding 35 PH/s to its total hashrate, significantly enhancing the company's capacity for future growth.
- Equipment Deployment Plan: The second BC40 Elite Foghashing unit is expected to be installed later this month, supporting an additional 160 Bitmain S21 miners, which will further boost hashrate and ensure the company maintains its competitive edge in the Bitcoin mining market.
- Positive Long-Term Outlook: The company anticipates reaching approximately 780 PH/s of total hashrate by year-end 2025, representing a 75% increase compared to year-end 2024, demonstrating a strong commitment to disciplined growth aligned with a positive outlook on Bitcoin's value.
- Bitcoin Holdings Value: As of November 30, 2025, the estimated value of the company's 301.8 Bitcoin holdings was approximately $27.5 million, reflecting a potential value of about $2.251 per share, which further bolsters investor confidence.
See More
LM Funding America Expands Oklahoma Bitcoin Mining Operations with Additional 35 PH/s
New Mining Capacity: LM Funding America has activated its first immersion-cooled mining unit in Oklahoma, adding approximately 35 petahash per second (PH/s) to its bitcoin mining capacity with 160 Bitmain S21 immersion miners.
Future Expansion Plans: A second immersion unit is set to be installed later in December, which will support an additional 160 miners, contributing to a projected total hashrate of about 780 PH/s by year-end, marking a 75% increase from the end of 2024.
See More
Transcript of LM Funding (LMFA) Earnings Call for Q3 2025
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
See More
BitGo (BTGO) Goes Public, Raises $212.8M with $2.59B Valuation
- Successful IPO: BitGo listed on the New York Stock Exchange, pricing its IPO at $18 per share, exceeding the expected range of $15-$17, successfully raising $212.8M, marking the first stock market debut by a digital asset company in 2026.
- Strong Stock Performance: On its first trading day, BitGo's stock opened at $22.43 per share, reflecting strong market demand for its crypto custody services and enhancing the company's influence in the digital asset space.
- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
- Strategic Bitcoin Acquisition: Strategy reported acquiring 22,305 bitcoins for approximately $2.125B between January 12 and January 19, demonstrating its proactive positioning in the cryptocurrency market, now holding 709,715 bitcoins with a total investment of about $53.92B.
See More
LM Funding Achieves Record 7.5 Bitcoin Production in December 2025
- Production Milestone: In December 2025, LM Funding achieved a record monthly Bitcoin production of 7.5 Bitcoin, showcasing its robust growth potential in the cryptocurrency mining sector.
- Capital Raise: The company strengthened its balance sheet by raising approximately $6.1 million in equity, enabling the purchase of 47 Bitcoin at an average price of about $87,400 each, thereby enhancing its capital profile.
- Asset Valuation: As of December 31, 2025, the value of the company's 356.3 Bitcoin holdings was approximately $31.4 million, translating to $1.46 per share, reflecting the positive impact of Bitcoin's price performance on the company's stock value.
- Revenue Growth: In December, the company generated approximately $63,000 in curtailment and energy revenues, bringing the estimated total for the year to $1.2 million, indicating successful diversification of revenue streams.
See More
LM Funding Secures $6.5 Million Financing to Expand Bitcoin Operations
- Financing Agreement Reached: LM Funding America has signed agreements with institutional investors to issue 1,822,535 shares of common stock and 7,332,395 pre-funded warrants at $0.71 per share, with total gross proceeds estimated at $6.5 million, enhancing the company's financial strength in the Bitcoin sector.
- Warrant Terms Adjustment: The company agreed to reduce the exercise price of 3,472,740 outstanding warrants from $2.95 to $0.87 and extend the term to five years, aiming to boost investor confidence and facilitate future fundraising activities.
- Issuance Timeline: The registered direct offering is expected to close on December 22, 2025, subject to customary closing conditions, ensuring timely access to funds to support the company's operational and expansion plans.
- Market Regulatory Compliance: This financing adheres to the SEC's registration statement, demonstrating the company's commitment to compliance, which helps enhance market transparency and investor trust.
See More
LM Funding Energizes First BC40 Elite Miner, Adding 35 PH/s to Hashrate
- Hashrate Expansion: LM Funding successfully energized its first BC40 Elite miner in Oklahoma, adding 35 PH/s to its total hashrate, significantly enhancing the company's capacity for future growth.
- Equipment Deployment Plan: The second BC40 Elite Foghashing unit is expected to be installed later this month, supporting an additional 160 Bitmain S21 miners, which will further boost hashrate and ensure the company maintains its competitive edge in the Bitcoin mining market.
- Positive Long-Term Outlook: The company anticipates reaching approximately 780 PH/s of total hashrate by year-end 2025, representing a 75% increase compared to year-end 2024, demonstrating a strong commitment to disciplined growth aligned with a positive outlook on Bitcoin's value.
- Bitcoin Holdings Value: As of November 30, 2025, the estimated value of the company's 301.8 Bitcoin holdings was approximately $27.5 million, reflecting a potential value of about $2.251 per share, which further bolsters investor confidence.
See More
LM Funding America Expands Oklahoma Bitcoin Mining Operations with Additional 35 PH/s
New Mining Capacity: LM Funding America has activated its first immersion-cooled mining unit in Oklahoma, adding approximately 35 petahash per second (PH/s) to its bitcoin mining capacity with 160 Bitmain S21 immersion miners.
Future Expansion Plans: A second immersion unit is set to be installed later in December, which will support an additional 160 miners, contributing to a projected total hashrate of about 780 PH/s by year-end, marking a 75% increase from the end of 2024.
See More
Transcript of LM Funding (LMFA) Earnings Call for Q3 2025
- Author's Perspective: The views and opinions presented are solely those of the author.
- No Official Endorsement: The content does not necessarily reflect the views of Nasdaq, Inc.
See More
