LM Funding America, Inc. Reports Third Quarter 2025 Financial Results

Core Insights - LM Funding America, Inc. reported a total revenue of $2.2 million for Q3 2025, reflecting a 13.0% sequential increase from Q2 2025 and a 73.5% year-over-year growth, driven by higher Bitcoin prices and contributions from the newly acquired Mississippi facility [4][6] - The company improved its mining margin to 49.0% from 41.0% in Q2 2025, attributed to reduced hosting costs and increased operational efficiency [4][6] - As of October 31, 2025, LM Funding held 294.9 Bitcoin valued at approximately $32.2 million, down from 304.5 Bitcoin valued at $34.7 million as of September 30, 2025 [4][6] Financial Highlights - The net loss for Q3 2025 was $3.7 million, with a Core EBITDA loss of $1.4 million, showing improvement compared to a net loss of $4.3 million and Core EBITDA loss of $1.9 million in the prior year [4][6] - Operating expenses increased by $0.4 million due to higher staff costs related to the Mississippi site acquisition, partially offset by a $1.0 million gain on the fair value of Bitcoin [4][6] - The company raised a net $21.3 million in August 2025 through a registered direct offering and private placement, primarily to enhance its Bitcoin treasury [4][6] Operational Highlights - LM Funding acquired an 11 MW Bitcoin mining facility in Mississippi, with 7.5 MW operational at closing, contributing to production immediately [4][6] - The company achieved a 27.8% increase in Bitcoin production in October 2025 compared to September 2025, following the integration of the Mississippi facility [4][6] - Progress was made on a 2 MW immersion expansion at the Oklahoma site, with new equipment scheduled for delivery and energization targeted for December 2025 [4][6] Shareholder Actions - The company executed a private repurchase of approximately 3.3 million shares and authorized a $1.5 million share buyback program, reflecting confidence in its intrinsic value [4][6] - The total stockholders' equity was approximately $50.1 million, or $3.23 per share, as of September 30, 2025 [4][6]