LM FUNDING AMERICA, INC.
For the period ended Mar 31, 2026. Filed May 15, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
PWCM$0.54+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
LM Funding America, Inc. and Subsidiaries Consolidated Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| 2026(unaudited) | 2025 | |
| Assets | ||
| Cash | $801,201 | $1,424,426 |
| Marketable securities (Note 5) | 35,000 | 37,380 |
| Prepaid expenses and other assets | 1,087,163 | 1,198,486 |
| Finance receivables | 14,020 | 17,533 |
| Digital assets - current (Note 2) | 3,514,903 | 2,563,474 |
| Digital assets - collateral (Note 2) | 5,500,000 | 5,500,000 |
| Digital assets receivable, net (Note 2) | 11,880,544 | 12,678,014 |
| Galaxy loan derivative asset (Note 6) | - | 47,673 |
| Income tax receivable | - | 31,187 |
| Current assets | 22,832,831 | 23,498,173 |
| Fixed assets, net (Note 3) | 9,362,777 | 9,917,350 |
| Intangible assets, net (Note 3) | 6,261,980 | 6,327,769 |
| Deposits on mining equipment (Note 4) | - | 1,597 |
| Investment in Seastar Medical Holding Corporation | 39,097 | 25,073 |
| Digital assets - long-term (Note 2) | - | 8,233,035 |
| Digital assets - collateral (Note 2) | 2,200,000 | 2,200,000 |
| Right of use assets (Note 7) | 671,434 | 728,995 |
| Other assets | 384,234 | 384,234 |
| Long-term assets | 18,919,522 | 27,818,053 |
| Total assets | $41,752,353 | $51,316,226 |
| Liabilities and stockholders’ equity | ||
| Accounts payable and accrued expenses | 1,975,726 | 1,745,875 |
| Note payable - short-term (Note 6) | 6,797,473 | 7,006,912 |
| Master digital currency loan (Note 6) | 10,891,657 | 10,920,838 |
| Due to related parties (Note 9) | 64,857 | 48,319 |
| Galaxy loan derivative liability (Note 6) | 213,793 | - |
| Current portion of lease liability (Note 7) | 198,524 | 194,618 |
| Total current liabilities | 20,142,030 | 19,916,562 |
| Note payable - long-term (Note 6) | 1,942,627 | 1,932,502 |
| Lease liability - net of current portion (Note 7) | 575,123 | 590,368 |
| Long-term liabilities | 2,517,750 | 2,522,870 |
| Total liabilities | 22,659,780 | 22,439,432 |
| Stockholders’ equity (Note 8) | ||
| Preferred stock, par value $.001; 150,000,000 shares authorized; no shares issued and outstanding as of March 31, 2026 and December 31, 2025 | - | - |
| Common stock, par value $.001; 350,000,000 shares authorized; 16,157,892 and 14,123,497 shares issued and outstanding as of March 31, 2026 and December 31, 2025 | 15,626 | 13,592 |
| Additional paid-in capital | 123,516,208 | 123,186,921 |
| Accumulated deficit | (102,702,142) | (92,582,928) |
| Total LM Funding America stockholders’ equity | 20,829,692 | 30,617,585 |
| Non-controlling interest | (1,737,119) | (1,740,791) |
| Total stockholders’ equity | 19,092,573 | 28,876,794 |
| Total liabilities and stockholders’ equity | $41,752,353 | $51,316,226 |
LM Funding America, Inc. and Subsidiaries Consolidated Statements of Operations (unaudited)
| Three Months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Digital mining revenues | $1,978,180 | $2,273,940 |
| Specialty finance revenue | 107,657 | 67,389 |
| Rental revenue | 23,130 | 30,008 |
| Total revenues | 2,108,967 | 2,371,337 |
| Operating costs and expenses: | ||
| Digital mining cost of revenues (exclusive of depreciation and amortization shown below) | 1,868,344 | 1,548,295 |
| Curtailment and energy sales | (367,595) | (149,686) |
| Staff costs and payroll | 1,317,275 | 1,050,477 |
| Depreciation and amortization | 829,828 | 2,037,578 |
| Loss on fair value of Bitcoin, net | 3,784,418 | 1,809,976 |
| Professional fees | 345,694 | 364,485 |
| Selling, general and administrative | 376,428 | 309,964 |
| Real estate management and disposal | 13,375 | 36,314 |
| Collection costs | 12,380 | 17,352 |
| Settlement costs with associations | - | 3,693 |
| Loss on disposal of assets | - | 186,781 |
| Other operating costs | 361,095 | 255,948 |
| Total operating costs and expenses | 8,541,242 | 7,471,177 |
| Operating loss | (6,432,275) | (5,099,840) |
| Unrealized loss on marketable securities | (2,380) | (8,710) |
| Unrealized gain (loss) on investment and equity securities | 14,024 | (25,984) |
| Gain on Galaxy loan derivative | 22,374 | - |
| Loss on fair value of purchased Bitcoin, net | - | (52,704) |
| Loss on fair value of digital assets receivable | (3,178,440) | - |
| Change in credit loss reserve on digital assets receivable | 5,794 | - |
| Interest expense | (545,171) | (220,906) |
| Interest income | 532 | 1,145 |
| Loss before income taxes | (10,115,542) | (5,406,999) |
| Income tax expense | - | - |
| Net loss | $(10,115,542) | $(5,406,999) |
| Less: loss (gain) attributable to non-controlling interest | (3,672) | 8,325 |
| Net loss attributable to LM Funding America Inc. | $(10,119,214) | $(5,398,674) |
| Basic loss per common share (Note 1) | $(0.47) | $(1.05) |
| Diluted loss per common share (Note 1) | $(0.47) | $(1.05) |
| Weighted average number of common shares outstanding | ||
| Basic | $21,455,856 | $5,133,412 |
| Diluted | 21,455,856 | 5,133,412 |
LM Funding America, Inc. and Subsidiaries Consolidated Statements of Cash Flows
(unaudited)
| Three Months ended March 31, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net loss | $(10,115,542) | $(5,406,999) | ||
| Adjustments to reconcile net loss to net cash used in operating activities | ||||
| Depreciation and amortization | 829,828 | 2,037,578 | ||
| Noncash lease expense | 57,561 | 50,592 | ||
| Amortization of debt issue costs and debt discount | 286,045 | 21,264 | ||
| Stock option expense | 331,149 | 110,805 | ||
| Accrued interest expense on finance lease | 12,957 | 14,710 | ||
| Loss on fair value of Bitcoin, net | 3,784,418 | 1,862,680 | ||
| Loss on fair value of digital assets receivable | 3,178,440 | - | ||
| Unrealized loss on marketable securities | 2,380 | 8,710 | ||
| Gain on Galaxy loan derivative | (22,374) | - | ||
| Change in credit loss reserve on digital assets receivable | (5,794) | - | ||
| Unrealized loss (gain) on investment and equity securities | (14,024) | 25,984 | ||
| Loss on disposal of fixed assets | - | 186,781 | ||
| Write-off of income tax receivable | 31,187 | - | ||
| Change in operating assets and liabilities: | ||||
| Prepaid expenses and other assets | 111,323 | 96,526 | ||
| Advances to related party | 16,538 | 21,368 | ||
| Accounts payable and accrued expenses | 229,851 | 370,328 | ||
| Mining of digital assets | (1,978,180) | (2,273,940) | ||
| Lease liability payments | (24,296) | (25,395) | ||
| Net cash used in operating activities | (3,288,533) | (2,899,008) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Net collections of finance receivables - original product | 4,602 | 458 | ||
| Net investment in finance receivables - special product | (1,089) | (1,317) | ||
| Capital expenditures | (207,869) | (170,073) | ||
| Collection of note receivable | - | 200,000 | ||
| Investment in digital assets - Tether | (3,198) | (31,420) | ||
| Proceeds from sale of Bitcoin | 3,100,216 | 1,204,680 | ||
| Proceeds from the sale of Tether | 3,174 | 27,964 | ||
| Change in deposits for mining equipment | - | (480,176) | ||
| Distribution to members | - | (1,015) | ||
| Net cash provided by investing activities | 2,895,836 | 749,101 | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Insurance financing repayments | (230,700) | (193,090) | ||
| Proceeds from warrant exercise, net of issuance costs | 172 | - | ||
| Issuance costs | - | (6,285) | ||
| Net cash used in financing activities | (230,528) | (199,375) | ||
| NET DECREASE IN CASH | (623,225) | (2,349,282) | ||
| CASH - BEGINNING OF PERIOD | 1,424,426 | 3,378,152 | ||
| CASH - END OF PERIOD | $801,201 | 1,028,870 | ||
| SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES | ||||
| Insurance financing | $ | - | $168,324 | |
| Recognition of Galaxy loan derivative | $237,487 | $ | - | |
| Digital assets transferred to digital assets receivable, net | $2,375,176 | $ | - | |
| SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION | ||||
| Cash paid for taxes | $ | - | $ | - |
| Cash paid for interest | $210,029 | $184,932 | ||
LM Funding America, Inc. and Subsidiaries Consolidated Statements of Changes in Stockholders’ Equity
For the Three Months Ended March 31, 2026 and 2025
(unaudited)
| Common Stock | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Additional paid-in capital | Accumulated Deficit | Non-Controlling Interest | Total Equity | |
| Balance - December 31, 2024 | 5,133,412 | $4,602 | $102,685,470 | $(65,662,731) | $(1,684,782) | $35,342,559 |
| Stock option expense | - | - | 110,805 | - | - | 110,805 |
| Member distribution | - | - | - | - | (1,015) | (1,015) |
| Issuance costs | - | - | (6,285) | - | - | (6,285) |
| Net loss | - | - | - | (5,398,674) | (8,325) | (5,406,999) |
| Balance - March 31, 2025 | 5,133,412 | $4,602 | $102,789,990 | $(71,061,405) | $(1,694,122) | $30,039,065 |
| Balance - December 31, 2025 | 14,123,497 | $13,592 | $123,186,921 | $(92,582,928) | $(1,740,791) | $28,876,794 |
| Stock option expense | - | - | 331,149 | - | - | 331,149 |
| Warrant exercise | 2,034,395 | 2,034 | (1,862) | - | - | 172 |
| Net (loss) gain | - | - | - | (10,119,214) | 3,672 | (10,115,542) |
| Balance - March 31, 2026 | 16,157,892 | $15,626 | $123,516,208 | $(102,702,142) | $(1,737,119) | $19,092,573 |
LM FUNDING AMERICA, INC. AND SUBSIDIARIES
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.