What is Lm Funding America's gross profit margin?

What factors drove the changes in Lm Funding America's revenue and profit?

What were the key takeaways from Lm Funding America's earnings call?

Did Lm Funding America beat or miss consensus estimates last quarter?

What were the key takeaways from Lm Funding America’s earnings call?

What is Lm Funding America's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Lm Funding America year over year?

What guidance did Lm Funding America's management provide for the next earnings period?

**Revenue Growth Accelerates**: Q3 2025 revenue surged 74% YoY to $2.2 million, driven by Mississippi facility integration and Bitcoin price gains.
- **Bitcoin Treasury Soars**: 304.5 Bitcoin ($34.7 million) in treasury vs. $15 million market cap, creating 130%+ per share value gap.
- **Share Buyback Impact**: 3.3 million shares retired in Q3, reducing share count by 20% and boosting Bitcoin per share ownership.
- **Operational Efficiency**: Mining cost per Bitcoin dropped to $66,000 (from $70,000), with 28% sequential production growth in Mississippi.
- **Expansion Pipeline**: 4 MW expansion at Mississippi and 70 PH/s immersion units coming online in Q4, positioning for 50%+ hash rate growth in 2026.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue reached $2.2 million, up 13% sequentially and 74% year-over-year, driven by Bitcoin price increases and Mississippi facility contributions.
- **Strategic Acquisitions**: Acquired a 11-megawatt Mississippi facility in August, expanding total capacity to 26 MW and enabling 28% sequential Bitcoin production growth (5.9 to 7.6 Bitcoin/month).
- **Treasury Expansion**: Purchased 164 Bitcoin with $21 million capital raise, growing treasury to 304.5 Bitcoin ($34.7 million) by Q3 end, nearly double market cap.
- **Share Buybacks**: Retired 3.3 million shares and 7.3 million warrants in October, reducing dilution and increasing Bitcoin per share. Announced $1.5 million public buyback program.
- **Operational Focus**: Prioritizing Bitcoin per share growth through disciplined capital allocation, mining efficiency improvements, and infrastructure expansion.

**【CFO Financial Commentary】**
- **Margins**: Mining margin improved to 49% (Q3), driven by self-mining, curtailment sales ($152,000), and fleet efficiency.
- **Balance Sheet**: Held $300,000 cash and 304 Bitcoin ($34.7 million) at Q3 end, with equity valued at $50 million (3x market cap).
- **Liquidity**: Secured $11 million Galaxy credit facility collateralized by Bitcoin, enabling flexible share repurchases without dilution.
- **Cost Control**: Reduced mining cost per Bitcoin to $66,000 (from $70,000 in prior quarter) through operational optimization.

**【Q&A Highlights】**
- **2026 Outlook**: Mississippi facility has 4 MW expansion potential, and Oklahoma immersion systems will add 70 PH/s capacity in Q4. No immediate site acquisitions planned beyond Mississippi expansion.
- **Fleet Management**: 15% of legacy machines held in reserve for future deployment at Mississippi or other low-cost sites. Oklahoma fleet being upgraded with Bitmain S21 immersion units.
- **Cost Transparency**: Current mining cost per Bitcoin: $66,000 (down from $70,000/Q2), reflecting efficiency gains from immersion cooling and curtailment sales.
- **Treasury Allocation**: Balancing Bitcoin accumulation (direct purchases) with mining operations, guided by 5-year Bitcoin price assumptions and market conditions.

LM Funding America, Inc. (LMFA) Q3 2025 Earnings Call Transcript

- **Strategic Acquisition**: $3.9M Mississippi site adds 11 megawatts, boosting owned capacity to 26 megawatts and positioning for 40% lower power costs. 
- **Operational Efficiency**: 41% mining margins (vs. 38.5% Q1) from Oklahoma immersion cooling and next-gen miners. 
- **Financial Turnaround**: Q2 net income $60K (vs. $5.4M loss Q1), Core EBITDA $2.6M (vs. -$2.8M Q1). 
- **Bitcoin Treasury Growth**: 155.5 BTC ($16.7M) as of Q2, up 10% QoQ; long-term accumulation strategy despite short-term sales. 
- **Valuation Opportunity**: $31.9M net book value vs. $14.7M market cap, underscoring undervaluation.

**【CEO Summary Section】**
- Acquired 11-megawatt Bitcoin mining site in Mississippi for $3.9 million, expected to close by September 16, 2025. This adds 7.5 megawatts of capacity and 3,000 KVA transformer, increasing total owned capacity to 26 megawatts (1.7 exahash). 
- Oklahoma immersion cooling expansion on track for energization late 2025, targeting 2 megawatts with 1-megawatt containers arriving Q3. 
- Q2 Bitcoin production 18.4 BTC (down 40% YoY) due to summer curtailments and miner relocation; upgraded to S21 and XP miners with 40% lower power costs. 
- Generated $223,000 from curtailment and energy sales, offsetting lower production and improving mining margins to 41% (vs. 38.5% Q1). 
- Ended Q2 with 155.5 BTC ($16.7M) and 3.25 BTC per share; July valuation rose to $17.8M (3.46 BTC per share). 

**【CFO Financial Commentary】**
- Q2 revenue $1.9M (down 21% QoQ) due to lower production, offset by 5% higher Bitcoin prices ($98.1K/Q2 vs. $93.6K/Q1). 
- Net income $60K (vs. $5.4M loss Q1) and Core EBITDA $2.6M (vs. -$2.8M Q1). 
- Ended Q2 with $400K cash and $16.7M in Bitcoin holdings; sold部分BTC to fund operations while maintaining long-term accumulation strategy. 

**【Q&A Highlights】**
- Mississippi site will deploy stored miners first, with potential for additional purchases to fill 11 megawatts. 
- Oklahoma immersion system expected to reduce curtailment revenue as temperatures cool, but improve Bitcoin production and efficiency. 
- Management emphasized disciplined capital allocation and focus on owned capacity (5-20 megawatt M&A targets). 
- Highlighted valuation disconnect: $31.9M net book value vs. $14.7M market cap as of June 30, 2025.

LM Funding America, Inc. (LMFA) Q2 2025 Earnings Call Transcript

- **Revenue Growth**: 25% sequential increase in mining revenue to $2.3M
- **Margin Expansion**: Mining margin improved to 38.5% (vs. 31.2% prior quarter)
- **BTC Valuation Advantage**: 148.7 BTC holdings worth $15.5M vs. $1.87/share price
- **Cost Efficiency**: 7.7% year-over-year reduction in operating expenses
- **New Technology**: 2MW immersion mining expansion on track for Q3 2025 deployment


**【CEO Opening Remarks】**
- Q1 2025 Bitcoin production: 24.3 BTC, up 12% sequentially
- Generated $150k in energy sales to grid, offsetting mining costs
- Bitcoin holdings (148.7 BTC as of April 30) valued at $15.5M vs. $1.87/share price
- Transitioning to immersion cooling technology for cost efficiency

**【Ryan Duran Operational Update】**
- 560 PH/s hashing power at end of Q1
- 2MW immersion mining expansion in Oklahoma on track for Q3 completion
- Sold 256 S21+ machines to free up capital for immersion tech
- Relocating 800 machines from third-party sites to owned Oklahoma facility

**【CFO Financial Highlights】**
- Mining revenue: $2.3M (25% sequential growth)
- Mining margin improved to 38.5% vs. 31.2% in Q4 2024
- Year-over-year cost reductions: 7.7% in SG&A expenses
- Net loss: $5.4M (includes $1.8M BTC fair value write-down)
- Cash balance: $1M; Bitcoin holdings: 160.2 BTC ($13.2M)

**【Bruce Rodgers Outlook】**
- Targeting 5-20MW sites for immersion mining deployment
- Oklahoma site generates dual revenue streams (mining + energy sales)
- Bitcoin price recovery (from $88k to $104k) reduces valuation gap
- 2024 $5M BTC-backed loan underscores balance sheet strength


LM Funding America, Inc. (LMFA) Q1 2025 Earnings Call Transcript

- **Vertical Integration Payoff**: 2024 EBITDA up 875% to $3.9M, Bitcoin holdings tripled to $14M, yet market cap undervalues assets by 2x.
- **Resilience Post-Halving**: $2M Q4 net income (220% YoY growth) despite halving-induced revenue decline.
- **Efficiency Leap**: 10-15% mining efficiency gains via Luxor OS, with 256 new machines set to deploy Q2 2025.
- **Capital Structure Strength**: $5M Bitcoin-backed loan preserves liquidity, leveraging 12% interest rate vs. BTC growth potential.


**【CEO Strategic Overview】**
- Transitioned to vertical integration with 15 MW facility in Oklahoma, reducing energy costs and improving operational efficiency.
- Achieved 2024 core EBITDA of $3.9M, up from $0.4M in 2023, with Bitcoin holdings growing to 150.2 BTC ($14M) from 95.1 BTC ($5.8M) in 2023.
- Post-halving resilience: Mined 170.6 BTC in 2024 ($11M revenue) despite April 2024 halving event.
- Market cap ($7.6M) undervalued vs. Bitcoin holdings ($14.4M), presenting 2x+ upside.

**【CFO Financial Highlights】**
- Q4 2024: $2M revenue (vs. $4.1M in Q4 2023), $2M net income (vs. -$1.6M), 10x EBITDA growth to $3.3M.
- FY 2024: Cash + Bitcoin holdings up 200% to $17.4M ($3.4M cash + $14M BTC), with 300%+ BTC growth.
- $5M senior secured loan collateralized by 500k BTC, enabling capital preservation amid Bitcoin price volatility.

**【Operational Innovations】**
- 256 new Bitmain S21+ machines ordered for 2025 deployment, targeting 10-15% efficiency gains via Luxor OS firmware upgrade.
- Oklahoma site expansion to add 2 MW capacity within 90 days, supporting 560 PH/s hash rate growth.
- Texas pipeline: Multiple LOIs in evaluation for 5-20 MW greenfield sites with favorable power contracts.

**【Q&A Key Takeaways】**
- New machines will replace less efficient hardware in Oklahoma, with deployment expected Q2 2025.
- Texas expansion focused on underutilized grid capacity; no active deals as of Q1 2025.
- Bitcoin-backed loan structure prioritizes asset preservation, with 12% interest rate vs. potential BTC price appreciation.


LMFA

LMFA fundamentals

Earnings Call

You can ask Aime