earnings
confidence high
sentiment negative
materiality 0.70
LM Funding Q4 2025 net loss $17.9M, revenue $2.4M (+19% YoY)
LM FUNDING AMERICA, INC.
- Q4 revenue $2.4M, up 8.7% sequential and 19.2% YoY; net loss $17.9M vs net income $1.0M in Q4 2024.
- Mined 22.0 Bitcoin in Q4 (vs 17.6 in Q3); mining margin fell to 25% from 49% due to lower BTC price.
- Full-year 2025 revenue ~$8.8M; Bitcoin holdings more than doubled to 356.4 BTC at Dec 31, 2025.
- Non-cash charges: $7.8M Bitcoin fair value impact and $5.4M impairment on mining equipment.
- Repurchased >3.3M shares and 7.2M warrants via Galaxy Digital loan facility in 2025.