---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-060813"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:18:27.056108+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LM Funding Q1 revenue $4.7M (+105% YoY), net income $1.9M vs loss; held 163.4 BTC

## Summary
- Revenue $4.7M, up 105% from $2.3M in Q1 2023; digital mining revenue $4.6M from 86.4 BTC mined at avg ~$53K/BTC.
- Net income $1.9M vs net loss $7.2M in prior year; Core EBITDA $4.4M vs loss $0.3M.
- Held 163.4 BTC (valued ~$11.7M) at Mar 31, 2024; as of Apr 30 held 155.1 BTC (valued ~$9.7M at ~$62.5K).
- Working capital $12.7M; LMFA stockholders' equity $38.5M ($15.43 per share).
- Purchased 300 Bitmain S21 Antminers to increase mining capacity to 673 PH; sold only 18 BTC during quarter.

## SEC filing metadata
- accession: 0000950170-24-060813
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2024-05-16T23:59:59+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/1640384/000095017024060813/0000950170-24-060813-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017024060813/lmfa-20240516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-060813
- JSON: https://secwatch.observer/filing/0000950170-24-060813.json
- Plain text: https://secwatch.observer/filing/0000950170-24-060813.txt

## Key facts
- Earnings Releases
  LM FUNDING AMERICA, INC. reported the three months ended March 31, 2024 results: revenue approximately $4.7 million, net income $1.9 million.
  - Period: the three months ended March 31, 2024
  - Revenue: approximately $4.7 million
  - Net income: $1.9 million
  - Result: reported results
  source text: Company specifically incorporates it by reference. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 LM Funding America, Inc. Achieves Over 105% Year-Over-Year Revenue Growth to $4.7 Million and Generated $1.9 Million of Net Income for the First Quarter of 2024 Mined 86.4 Bitcoins in Q1 2024 Valued at Approximately $4.6 Million at an Average Market Revenue Value of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1640384/000095017024060813/0000950170-24-060813-index.htm

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