---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-071990"
form_type: "8-K"
ticker: "LMFA"
cik: "0001640384"
company_name: "LM FUNDING AMERICA, INC."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:13:32.913033+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LMFA Q1 2025 revenue $2.4M, net loss $5.4M; mined 24.3 BTC, mining margin 38.5%

## Summary
- Revenue $2.4M, up 19.4% sequentially, down 48.9% YoY; Bitcoin mining revenue $2.3M, up 25.3% sequentially.
- Net loss $5.4M and Core EBITDA loss $2.8M, driven by $1.8M non-cash Bitcoin fair-value write-down.
- Mined 24.3 Bitcoin at avg ~$93,500; held 160.2 BTC (Mar 31) and 148.7 BTC (~$15.5M) as of Apr 30.
- Mining margin improved to 38.5% from 31.2% Q4, aided by $150k curtailment/energy sales; April added ~$115k.
- Operating expenses cut 7.7% YoY to $2.0M; Oklahoma 2 MW immersion-cooling expansion targeted for Q3 2025.

## SEC filing metadata
- accession: 0000950170-25-071990
- form_type: 8-K
- ticker: LMFA
- cik: 0001640384
- company_name: LM FUNDING AMERICA, INC.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1640384/000095017025071990/0000950170-25-071990-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1640384/000095017025071990/lmfa-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-071990
- JSON: https://secwatch.observer/filing/0000950170-25-071990.json
- Plain text: https://secwatch.observer/filing/0000950170-25-071990.txt

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