Every 10-Q that Lm Fdg Amer Inc (LMFA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LMFA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LMFA filings page.
LM Funding America, Inc. reported a larger loss as it expands its Bitcoin-focused strategy. For the three months ended March 31, 2026, total revenue was $2.1 million, down from $2.4 million a year earlier, mainly due to lower digital mining revenue.
The company recorded a net loss of $10.1 million versus $5.4 million in the prior-year quarter, driven by a $3.8 million loss on the fair value of Bitcoin and a $3.2 million loss on digital assets receivable tied to a Galaxy loan facility. Operating loss widened to $6.4 million.
At March 31, 2026, total assets were $41.8 million including Bitcoin with a fair value of $11.2 million and digital assets receivable of $11.9 million, against total liabilities of $22.7 million. Cash was $0.8 million. Management concluded there is no substantial doubt about the company’s ability to continue as a going concern.
LM Funding America reported Q3 2025 results. Total revenue was $2,178,303, up from $1,255,473 a year ago, driven mainly by digital mining revenue of $2,010,404. Operating loss was $3,516,998, and net loss attributable to common shareholders was $4,077,227 (basic EPS $0.41 loss). For the nine months, revenue was $6,477,964 versus $9,014,424 in 2024, with a net loss to common shareholders of $9,375,347 (basic EPS $1.39 loss).
Liquidity reflects $291,571 cash at September 30, 2025, plus a sizable Bitcoin position. The company held 304.5 Bitcoins with a fair value of $34,729,822 as of quarter‑end; approximately $6.9 million is pledged as collateral. Management concluded there is no substantial doubt about continuing as a going concern.
In August 2025, LM Funding raised approximately $21.3 million net and purchased 164 Bitcoins. On September 16, 2025, it acquired a Mississippi site for about $3.9 million and bought roughly 2,330 miners for about $362,000. The acquired business contributed $92,000 revenue and a $33,000 loss from mid‑September through quarter‑end. Shares outstanding were 15,517,988 as of September 30, 2025.
LM Funding America, Inc. reports continued operations across two segments: Specialty Finance and Mining Operations, with corporate and incidental activities aggregated as "All Other." The company consolidated multiple 100% owned subsidiaries and one 69.5% owned subsidiary. It early adopted new accounting guidance for Bitcoin effective January 1, 2024, recording a $614,000 cumulative-effect adjustment to beginning accumulated deficit to remeasure Bitcoin held at that date. The filing discloses hosting and mining arrangements including acquisitions and terminations of hosting contracts, impairment charges recorded previously on mining deposits and prepaid hosting, and ongoing arbitration and claims related to undelivered mining containers. The company disclosed pledged Bitcoin collateral, uninsured cash balances exceeding FDIC/SIPC limits, a reverse stock split effective March 12, 2024, and a mix of promissory notes with varying maturities and interest rates.