Quarterly ResultMay 15, 2026, 07:32 AM
LM Funding Q1 Net Loss $10.1M; Revenue $2.1M
AI Summary
LM Funding America, Inc. reported a net loss of $10.1 million for the first quarter of 2026, with total revenue declining 11.1% year-over-year to $2.1 million, primarily due to lower average Bitcoin prices. Despite the financial setbacks, the company achieved record operational performance, including its highest energized hashrate of approximately 790 PH/s and record monthly Bitcoin production of 9.6 BTC in March 2026. The net loss was significantly impacted by $7.0 million in non-cash Bitcoin fair value adjustments.
Key Highlights
- LM Funding reported a net loss of $10.1 million for Q1 2026, compared to a $5.4 million net loss in Q1 2025.
- Total revenue for Q1 2026 was $2.1 million, down 11.1% year-over-year and 10.9% sequentially.
- The company mined 26.1 Bitcoin in Q1 2026, an increase from 24.3 Bitcoin in Q1 2025.
- Energized hashrate reached a company record of approximately 790 PH/s in March 2026.
- Mining margin for the quarter was 24.1%, down from 38.5% in Q1 2025.
- Incurred $7.0 million in negative fair market value adjustments on digital assets due to Bitcoin price fluctuations.
- Cash was $0.8 million and Bitcoin holdings totaled 338.2 BTC, valued at $23.1 million as of March 31, 2026.
Price Impact
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