| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 2.18 | 12.9% | 73.0% |
| Total Income | 2.18 | 12.9% | 73.0% |
| Expenditure | 5.70 | 280.0% | 0.5% |
| PBT | -3.72 | 6300.0% | 22.5% |
| Net Profit | -3.73 | 3830.0% | 20.6% |
| OPM | — | ||
| NPM | — | ||
| EPS | -0.41 | 2150.0% | 83.0% |
LM Funding America Reports Q3 2025 Revenue Up 73.5% Y-o-Y
04 May 2026 · 4 May, 7:11 am
Summary
LM Funding America, Inc. reported financial results for the three months ended September 30, 2025. Total revenue for the quarter was $2.2 million, reflecting a 73.5% year-over-year increase. The company mined 17.6 Bitcoins during the quarter at an average price of approximately $114,000. Mining margin improved to 49.0%, compared with 41.0% in the second quarter 2025. The company raised net $21.3 million in August to build Bitcoin Treasury.
Key Highlights
- 1
Total revenue for the quarter was $2.2 million, up 13.0% sequentially from Q2 2025 and 73.5% year-over-year.
- 2
The company mined 17.6 Bitcoins during the quarter at an average price of approximately $114,000.
- 3
Mining margin improved to 49.0%, compared with 41.0% in the second quarter 2025.
- 4
Net loss for the quarter was $3.7 million, and Core EBITDA loss was $1.4 million as compared to the prior year quarter Net loss of $4.3 million and Core EBITDA loss of $1.9 million.
- 5
During the third quarter, LM Funding successfully raised approximately net $21.3 million through a registered direct offering and a private placement.
- 6
The Company recently completed a privately negotiated repurchase of approximately 3.3 million shares and warrants to purchase 7.3 million common shares for approximately $8.0 million.
Management Comments
Bruce Rodgers
“The third quarter was about execution, integration, and disciplined capital allocation,” said Bruce Rodgers, Chairman and CEO of LM Funding. “We strengthened our Bitcoin treasury through a $21.3 million financing, completed the acquisition and integration of a 11-megawatt Mississippi facility, and expanded our owned infrastructure to 26 megawatts across two sites. After quarter-end, we simplified our capital structure with a private repurchase of units and authorized a share buyback program — tangible actions that demonstrate our belief in the value we’re building. We are long on Bitcoin and confident in our strategy to build equity value, and every decision we make is focused on improving per-share intrinsic value over time.”
Ryan Duran
“From closing and integrating the Mississippi facility to optimizing fleet performance and achieving a 28% month-over-month increase in Bitcoin production in October, we saw the benefits of control and scale take hold these last four months,” said Ryan Duran, President of US Digital Mining (“USDM”). “We now operate roughly 0.71 EH/s of capacity across 26 megawatts, with the next efficiency leap coming as our 2 MW immersion expansion in Oklahoma is anticipated to energize in December. The foundation continues to be built — owned power, efficient machines, and operational flexibility — and our focus from here is improving production, efficiency, and Bitcoin per share.”
Richard Russell
“Revenue increased 74% year-over-year, mining margins improved to 49%, and our corporate actions are aimed at materially enhancing per-share value,” said Richard Russell, CFO of LM Funding. “Following quarter-end, we deployed $8.0 million from our Galaxy loan facility to repurchase more than 3.3 million shares and 7.3 million warrants, removing dilution and reducing share count. With a $1.5 million authorized buyback in place and a balance sheet anchored by Bitcoin, we have the flexibility to fund operations, expand capacity, and increase shareholder value while growing our Bitcoin treasury.”
Informational and educational content only. Not investment advice.