LM Funding America (NASDAQ:LMFA) Announces Earnings Results

LM Funding America (NASDAQ:LMFA) announced its quarterly earnings data on Friday. The financial services provider reported ($1.33) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.98), FiscalAI reports. The company had revenue of $2.37 million during the quarter, compared to analyst estimates of $2.80 million. LM Funding America had a negative net margin of 83.44% and a negative return on equity of 30.25%.

Here are the key takeaways from LM Funding America’s conference call:

• Company scaled to two wholly owned sites totaling 26 MW and reached a record energized hash rate of approximately 782 petahash (highest in company history), driving record monthly production in early 2026.
• Bitcoin treasury more than doubled during 2025, growing from ~150 BTC to ~356 BTC at year-end (including a 145 BTC receivable from Galaxy) and holding ~354.7 BTC as of Feb 28, 2026, enhancing underlying asset value.
• Immersion-cooling program is live and scaling—two BC40 immersion containers added ~35 PH each and contributed to improved uptime and lower curtailment (Q4 curtailment ~$135k vs. $150k in Q3), supporting efficiency gains.
• Q4 results showed margin compression (mining margin down to 25% from 49%) and a reported net loss of approximately $17.9 million with a core EBITDA loss of ~$9.3 million, driven by a ~$7.8M unrealized BTC fair-value adjustment, a ~$5.4M equipment impairment, depreciation, and integration costs.
• Despite a $51M asset base and active capital-structure moves (share repurchase, warrant retirement, and renegotiated Galaxy facility), the equity continues to trade at a material discount to NAV and the Galaxy loan remains a near-term liability (maturity extended to April 24, 2026), leaving valuation and liquidity execution as key risks.

LM Funding America Stock Down 8.3%

Shares of LMFA opened at $0.29 on Friday. LM Funding America has a fifty-two week low of $0.29 and a fifty-two week high of $5.14. The company’s fifty day moving average is $0.36 and its two-hundred day moving average is $0.73. The firm has a market cap of $3.58 million, a PE ratio of -0.11 and a beta of 2.29. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Institutional Trading of LM Funding America

A number of institutional investors have recently modified their holdings of LMFA. Armistice Capital LLC lifted its position in shares of LM Funding America by 40.5% during the fourth quarter. Armistice Capital LLC now owns 527,611 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 152,171 shares in the last quarter. Jane Street Group LLC grew its position in shares of LM Funding America by 782.6% during the 4th quarter. Jane Street Group LLC now owns 124,390 shares of the financial services provider’s stock valued at $55,000 after buying an additional 110,297 shares during the last quarter. Citadel Advisors LLC bought a new position in LM Funding America in the third quarter worth about $139,000. Two Sigma Investments LP acquired a new position in LM Funding America during the 3rd quarter valued at approximately $100,000. Finally, XTX Topco Ltd acquired a new position in shares of LM Funding America during the second quarter valued at $54,000. Hedge funds and other institutional investors own 22.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.00.

LM Funding America Company Profile

LM Funding America, Inc, headquartered in Miami, Florida, is a specialty finance company that provides retail installment contracts to subprime borrowers. The company originates, acquires, and manages motor vehicle retail financing through a network of franchised and independent automobile dealerships across the United States. LM Funding America holds and services its loan portfolio through its wholly owned subsidiary, LM Funding America Service Corp., and offers floorplan financing to new and used vehicle dealers through LM Funding Floorplan LLC.

Established in 2013, LM Funding America completed its initial public offering on the Nasdaq Stock Market in 2015, enabling the company to expand its lending operations and geographic presence.