Quarterly ResultMay 15, 2026, 08:38 AM
LM Funding Q1 Net Loss Widens to $(10.1M)
AI Summary
LM Funding America, Inc. reported a significant widening of its net loss to $(10.1) million for the three months ended March 31, 2026, compared to $(5.4) million in the prior year. Total revenues decreased to $2.1 million from $2.4 million, primarily due to lower digital mining revenues. The company also experienced increased losses on the fair value of Bitcoin and digital assets receivable, alongside higher operating costs and interest expenses.
Key Highlights
- Net loss widened to $(10.1) million from $(5.4) million year-over-year.
- Total revenues decreased to $2.11 million from $2.37 million.
- Digital mining revenues fell to $1.98 million from $2.27 million.
- Basic loss per share was $(0.47) on 21.46M shares, compared to $(1.05) on 5.13M shares.
- Operating loss increased to $(6.43) million from $(5.10) million.
- Cash decreased to $801,201 as of March 31, 2026, from $1.42 million.
- Total assets decreased to $41.75 million from $51.32 million since Dec 31, 2025.
- Digital assets - current increased to $3.51 million from $2.56 million.
Price Impact
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