LM Funding America (NASDAQ:LMFA) Announces Quarterly Earnings Results

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

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 Price Performance

LMFA traded down $0.02 on Friday, reaching $0.30. The stock had a trading volume of 176,713 shares, compared to its average volume of 392,120. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.69 million, a price-to-earnings ratio of -0.13 and a beta of 2.29. LM Funding America has a fifty-two week low of $0.29 and a fifty-two week high of $5.14. The firm has a 50-day moving average of $0.36 and a 200-day moving average of $0.74.

Institutional Trading of LM Funding America

Hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in LM Funding America during the 2nd quarter worth approximately $54,000. Jane Street Group LLC bought a new stake in shares of LM Funding America in the 2nd quarter valued at $70,000. Two Sigma Investments LP bought a new stake in shares of LM Funding America in the 3rd quarter valued at $100,000. Armistice Capital LLC increased its position in shares of LM Funding America by 28.4% during the second quarter. Armistice Capital LLC now owns 397,899 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 87,905 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of LM Funding America during the third quarter worth $139,000. 22.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LMFA shares. Wall Street Zen raised shares of LM Funding America from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings restated a “sell (e+)” rating on shares of LM Funding America in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.