---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-064015"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:28:31.856358+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LM Funding Q3 revenue surges 1,720% to $3.4M; net loss $4.4M vs $6.7M net income year ago

## Summary
- Mined 117.1 Bitcoin in Q3 2023 at avg. price ~$28,000; revenue $3.3M from digital mining.
- Net loss attributable to shareholders of $4.4M, including $0.8M unrealized loss on investments and $0.8M impairment.
- Working capital of $4.5M and stockholders' equity of $35.9M ($2.45 per share) as of Sept. 30, 2023.
- Sequential quarterly revenue up 7%; operating ~5,549 Bitcoin miners as of Sept. 30, 2023.
- Core EBITDA loss improved to $0.6M from $1.5M loss in Q3 2022.

## SEC filing metadata
- accession: 0000950170-23-064015
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017023064015/0000950170-23-064015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017023064015/lmfa-20231115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-064015
- JSON: https://secwatch.observer/filing/0000950170-23-064015.json
- Plain text: https://secwatch.observer/filing/0000950170-23-064015.txt

## Key facts
- Earnings Releases
  LM FUNDING AMERICA, INC. reported the quarter ended September 30, 2023 results: revenue $3.4 million, net income $4.4 million.
  - Period: the quarter ended September 30, 2023
  - Revenue: $3.4 million
  - Net income: $4.4 million
  - Result: reported results
  source text: Total revenue for the quarter ended September 30, 2023, was approximately $3.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017023064015/0000950170-23-064015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.