LM Funding America Inc (LMFA)
NASDAQ:LMFA
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LM Funding America
(NASDAQ:LMFA)
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Rating:44Neutral
Price Target:
$0.26
▼(-7.14% Downside)
Action:ReiteratedDate:04/09/26
The score is primarily weighed down by weak financial performance (ongoing losses, cash burn, and rising debt) and bearish technicals (price below key moving averages with negative MACD). Earnings-call operational progress provides some offset, but valuation support is limited due to negative earnings and no dividend, and the Nasdaq bid-price notice adds additional risk.
Positive Factors
Large Bitcoin treasury
A doubled Bitcoin treasury creates a material non‑operating asset on the balance sheet that can provide liquidity, optionality, and downside cushion. Over 2–6 months, the treasury supports funding flexibility and potential upside capture versus relying solely on external capital.
Negative Factors
Rising leverage
A near tripling of debt materially increases refinancing and liquidity risk given upcoming maturities. Higher leverage constrains strategic flexibility, raises interest obligations, and elevates the chance that additional external financing or dilutive actions will be required to fund operations or growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Large Bitcoin treasury
A doubled Bitcoin treasury creates a material non‑operating asset on the balance sheet that can provide liquidity, optionality, and downside cushion. Over 2–6 months, the treasury supports funding flexibility and potential upside capture versus relying solely on external capital.
Read all positive factors
LM Funding America (LMFA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.52M
Dividend YieldN/A
Average Volume (3M)581.24K
Price to Earnings (P/E)―
Beta (1Y)2.74
Revenue Growth-35.26%
EPS Growth53.23%
CountryUS
Employees9
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-1.33
Shares Outstanding16,157,892
10 Day Avg. Volume475,451
30 Day Avg. Volume581,237
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.13
Price to Sales (P/S)0.44
P/FCF Ratio-0.24
Enterprise Value/Market Cap5.00
Enterprise Value/Revenue2.14
Enterprise Value/Gross Profit5.40
Enterprise Value/Ebitda-1.55
Forecast
1Y Price Target
$1.00Price Target Upside257.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.3
Revenue Forecast (FY)$11.40M
LM Funding America Business Overview & Revenue Model
Company Description
LM Funding America, Inc. operates as a specialty finance company. It provides funding to nonprofit community associations (Associations) primarily located in the state of Florida, as well as in the states of Washington, Colorado, and Illinois. The...
How the Company Makes Money
LMFA makes money by providing capital to condominium/HOA associations and earning a return when delinquent assessments are ultimately collected from unit owners. In practice, the company advances funds to an association (often to stabilize cash fl...
LM Funding America Earnings Call Summary
Earnings Call Date:Mar 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: strong operational progress (capacity expansion to 26 MW, energized hash rate and production records, immersion program, and a doubled Bitcoin treasury) and active capital-structure moves to reduce dilution. However, near-term financials were negatively impacted by Bitcoin price declines, mark-to-market adjustments, impairment charges, compressed margins (25% vs 49% prior quarter), and sizable net losses. The company emphasizes that many negative items are noncash or integration-related and highlights momentum heading into 2026, but material exposure to BTC price and near-term liability maturities remain risks.Positive Updates
Bitcoin Treasury Growth
Bitcoin holdings grew from ~150 BTC at the start of 2025 to ~356 BTC at December 31, 2025 (more than doubling). Includes strategic purchases of 164 BTC in August and 47 BTC in December 2025.
Negative Updates
Q4 and Full-Year Net Losses
Q4 2025 net loss of approximately $17.9–$18.2M and core EBITDA loss of ~$9.3–$9.4M. Full-year 2025 net loss of ~ $27M and core EBITDA loss of $10.9M.
Read all updates
Q4-2025 Updates
Positive
Negative
Bitcoin Treasury Growth
Bitcoin holdings grew from ~150 BTC at the start of 2025 to ~356 BTC at December 31, 2025 (more than doubling). Includes strategic purchases of 164 BTC in August and 47 BTC in December 2025.
Read all positive updates
Company Guidance
Management's guidance for 2026 is to shift from building to scaling—“grow production, improve efficiency and increase Bitcoin per share”—by leveraging two wholly owned sites with 26 MW of capacity, an energized hash rate that reached ~782 PH (late Feb 2026) after ending 2025 at ~750 PH across ~22.5 MW, record monthly production (February 2026 = company high), and an active immersion program (first BC40 Elite energized in Dec adding ~35 PH from 160 S21 units, a second immersion container online in Jan adding ~35 PH); the Q4 fleet ran ~6,850 machines (300 S21 XP deployed in Feb), Q4 production was 22 BTC (up 25% from 17.6 BTC in Q3) with Q4 revenue $2.4M (↑8.7% sequential, ↑19% YoY) and a Q4 mining margin of 25% (vs 49% in Q3), while full-year 2025 mined 82.3 BTC with revenue ~$8.8M; they plan disciplined M&A in the 5–20 MW range targeting power in the $0.035–$0.045/kWh band (Mississippi site ~ $0.036/kWh; prior acquisition ~ $355k/MW) and further buildout of ~3+ MW at Mississippi, balanced against a growing Bitcoin treasury (from ~150 BTC to ~356 BTC at Dec 31; 354.7 BTC as of Feb 28, 2026 valued at ~$23.8M at $67k/BTC or ~$31.2M at year-end prices), a year-end asset base of $51.3M, liabilities of $22.4M (including an $11M Galaxy loan and a $7M note), and recent capital actions ( ~$8M deployed to retire >3.3M shares and 7.2M warrants, Galaxy maturity extended to April 24, 2026) to preserve flexibility in funding growth.LM Funding America Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
42
Neutral
Cash Flow
16
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.79M | 11.00M | 6.19M | 6.42M | 14.02M |
| Gross Profit | -12.85M | 4.01M | 6.19M | 1.48M | 14.23M |
| EBITDA | -17.68M | -324.97K | -13.83M | -25.97M | 5.33M |
| Net Income | -26.92M | -7.32M | -15.94M | -29.24M | 4.76M |
Balance Sheet | |||||
| Total Assets | 51.32M | 44.05M | 37.71M | 53.19M | 62.10M |
| Cash, Cash Equivalents and Short-Term Investments | 1.46M | 3.41M | 5.84M | 5.13M | 37.23M |
| Total Debt | 20.65M | 7.70M | 763.75K | 746.00K | 182.69K |
| Total Liabilities | 22.44M | 8.70M | 2.85M | 2.39M | 1.09M |
| Stockholders Equity | 30.62M | 37.03M | 36.19M | 49.19M | 60.76M |
Cash Flow | |||||
| Free Cash Flow | -16.20M | -13.68M | -5.03M | -24.79M | -14.72M |
| Operating Cash Flow | -13.99M | -11.95M | -3.40M | -9.14M | 3.49M |
| Investing Cash Flow | -19.54M | 379.42K | 2.30M | -18.89M | -23.96M |
| Financing Cash Flow | 31.58M | 12.54M | -731.03K | -299.03K | 41.48M |
LM Funding America Technical Analysis
Negative
0.28
Price Trends
0.33
Negative
0.49
Negative
1.10
Negative
Market Momentum
-0.03
Negative
44.73
Neutral
67.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LMFA, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.33, and below the 200-day MA of 1.10, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 44.73 is Neutral, neither overbought nor oversold. The STOCH value of 67.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LMFA.
LM Funding America Risk Analysis
LM Funding America disclosed 48 risk factors in its most recent earnings report. LM Funding America reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LM Funding America Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | $30.11M | -11.48 | -4.98% | ― | -1.30% | 81.87% | |
46 Neutral | $88.32M | -0.25 | -172.41% | ― | -19.68% | -1055.59% | |
44 Neutral | $4.52M | -0.14 | -17.58% | ― | -35.26% | 53.23% | |
43 Neutral | $5.72M | -1.37 | -17.08% | ― | -26.60% | 15.28% |
* Financial Sector Average
LMFA
LM Funding America
0.28
-0.89
-76.07%
OMCC
Old Market Capital
4.44
-1.52
-25.46%
SUIG
Sui Group Holdings
1.15
-0.27
-19.01%
SNTG
Sentage Holdings
2.04
0.41
25.15%
LM Funding America Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
LM Funding America Announces $75 Million ATM Offering
Neutral
Mar 27, 2026
On March 27, 2026, LM Funding America, Inc. entered into an at-the-market offering agreement with Maxim Group LLC to sell up to $75 million of its common stock from time to time. The shares will be issued under an existing shelf registration state...
Delistings and Listing ChangesRegulatory Filings and Compliance
LM Funding America Receives Nasdaq Minimum Bid Price Notice
Negative
Jan 9, 2026
On January 7, 2026, LM Funding America disclosed that it had received a notice from Nasdaq stating the company was no longer in compliance with the exchange’s $1.00 minimum bid price requirement, after its shares closed below that level for ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.