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LM Funding America (LMFA) investor relations material

LM Funding America Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary14 Nov, 2025

Executive summary

  • Acquired and integrated an 11 MW Mississippi mining site, expanding total capacity to 26 MW across two sites and energizing 7.5 MW in September 2025.

  • Raised $21.3 million in August 2025, using proceeds to purchase 164 Bitcoin and strengthen the Bitcoin treasury, increasing holdings to 304.5 BTC by September 30, 2025.

  • Completed $8 million private repurchase of 3.3 million shares and 7.2 million warrants, followed by a $1.5 million authorized share buyback program.

  • Achieved a 27.8% increase in Bitcoin production in October 2025 compared to September 2025, with a focus on increasing Bitcoin per share and intrinsic value.

  • Enhanced mining fleet with Bitmain S21 immersion-cooled machines, expected to further boost efficiency and output.

Financial highlights

  • Q3 2025 revenue reached $2.2 million, up 13% sequentially and 74% year-over-year, driven by higher Bitcoin prices and new Mississippi facility contributions.

  • Mining margin improved to 49% in Q3 2025, up from 41% in Q2 2025, due to mining efficiencies and energy sales.

  • Net loss for Q3 2025 was $3.7 million; Core EBITDA loss was $1.4 million, both improved from prior year quarter, mainly from increased staff and payroll costs.

  • Bitcoin holdings at quarter-end were 304.5 BTC valued at $34.7 million, or $2.62 per share.

  • Cash at quarter-end was $0.3 million; total current assets were $18.2 million and total current liabilities $9.9 million.

Outlook and guidance

  • Oklahoma 2 MW immersion expansion scheduled for energization in December 2025, expected to improve efficiency and uptime.

  • Focus remains on increasing production, efficiency, and Bitcoin per share, with disciplined, per-share focused growth and M&A targeting 5–20 MW sites.

  • Plans to balance Bitcoin accumulation, strategic investment, and opportunistic share repurchases to maximize per-share value.

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Frequently asked questions

LM Funding America Inc. is a company that engages in both cryptocurrency mining and technology-based specialty finance. It began Bitcoin mining operations in September 2022, marking its foray into the cryptocurrency sector. In addition to its cryptocurrency endeavors, LM Funding America offers financial services tailored to nonprofit community associations. These services primarily involve providing funding to these associations in several states, including Florida, Washington, Colorado, and Illinois. The funding supports the associations by financing a portion of their rights to delinquent accounts arising from unpaid assessments. The company is headquartered in Tampa, Florida, and its shares are listed on the Nasdaq.

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