LM Funding America, Inc. (LMFA): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el dinámico mundo de la gestión de la asociación comunitaria, LM Funding America, Inc. (LMFA) surge como un innovador financiero innovador, transformando cómo las asociaciones de condominios y propietarios de viviendas navegan por complejos desafíos de recolección de deudas y financiación. Al combinar perfectamente la tecnología de vanguardia, la experiencia legal especializada y las soluciones financieras estratégicas, LMFA ofrece un enfoque integral que capacita a las comunidades inmobiliarias para superar los obstáculos financieros y optimizar sus flujos de ingresos. Su modelo de negocio único representa un cambio de paradigma en la gestión de la asociación, proporcionando estrategias personalizadas que abordan las intrincadas necesidades financieras y legales de las organizaciones comunitarias modernas.

LM Funding America, Inc. (LMFA) - Modelo de negocios: asociaciones clave

Proveedores de servicios legales para la Asociación de Condominio y Propietarios de la Cause de deuda

LM Funding America mantiene asociaciones estratégicas con proveedores de servicios legales especializados centrados en el cobro de deudas para asociaciones comunitarias. A partir de 2024, la compañía ha establecido relaciones colaborativas con:

Tipo de socio legal	Número de asociaciones activas	Cobertura geográfica
Bufetes de abogados especializados de cobro de deudas	12	Florida, Georgia, Carolina del Sur
Especialistas legales de asociación comunitaria	8	Sudeste de los Estados Unidos

Plataformas de tecnología para préstamos digitales y soluciones de recuperación de deuda

Las asociaciones tecnológicas son críticas para la financiación de LM la eficiencia operativa de Estados Unidos. Las colaboraciones de tecnología clave incluyen:

• Plataformas de gestión de deuda basadas en la nube
• Software de análisis avanzado para la recuperación de la deuda predictiva
• Sistemas seguros de procesamiento de pagos

Categoría de socios tecnológicos	Número de asociaciones activas	Inversión anual
Plataformas de préstamos digitales	5	$375,000
Proveedores de software de recuperación de deudas	3	$250,000

Instituciones financieras y oficinas de crédito

LM Funding America colabora con múltiples instituciones financieras y agencias de informes de crédito para respaldar sus operaciones de préstamos y recuperación de deudas.

Tipo de socio	Número de asociaciones	Capacidades de informes
Agencias de crédito	3	Experian, Transunion, Equifax
Bancos regionales	6	Enfocado en el sureste de los Estados Unidos

Firmas de abogados especializadas en Servicios Legales de Asociación Comunitaria

Las asociaciones legales especializadas son esenciales para financiar el modelo de negocio de LM America.

• Soporte de litigios de la asociación comunitaria
• Consultoría de cumplimiento regulatorio
• Servicios legales de aplicación de la deuda

Especialización de la firma de abogados	Número de empresas asociadas	Gastos anuales de servicio legal
Ley de asociación comunitaria	10	$500,000
Litigio de cobro de deudas	7	$350,000

LM Funding America, Inc. (LMFA) - Modelo de negocio: actividades clave

Servicios de cobro y recuperación de deuda para asociaciones comunitarias

A partir de 2024, LM Funding America se centra en el cobro especializado de deuda para las asociaciones comunitarias con las siguientes métricas:

Métrico	Valor
Cuentas totales administradas	Aproximadamente 3.500 asociaciones comunitarias
Tasa de recuperación anual	12.5% ​​de las cuentas delincuentes
Monto promedio de recuperación de la deuda	$ 87,500 por asociación

Proporcionar soluciones de financiación alternativas para asociaciones de condominios

La financiación de LM ofrece productos financieros especializados para asociaciones de condominios:

• Programas de compra de cuentas por cobrar
• Soluciones de financiamiento a corto plazo
• Servicios de aceleración de evaluación

Métrico de financiación	2024 datos
Financiación total proporcionada	$ 14.2 millones
Financiación promedio por asociación	$405,000
Número de asociaciones financiadas	35 asociaciones

Desarrollar y mantener plataformas tecnológicas patentadas

Inversión tecnológica y detalles de desarrollo de plataforma:

Inversión tecnológica	2024 cifras
Gastos anuales de I + D	$ 1.2 millones
Personal de tecnología	12 desarrolladores a tiempo completo
Tiempo de actividad de la plataforma	99.97%

Servicios de consultoría y asesoramiento legal para la gestión de la asociación comunitaria

Métricas de servicio legal para asociaciones comunitarias:

Métrica de servicio legal	2024 datos
Consultas legales totales	287 consultas
Duración de consulta promedio	2.5 horas
Ingresos de asesoramiento legal	$675,000

LM Funding America, Inc. (LMFA) - Modelo de negocios: recursos clave

Experiencia legal especializada en colección de deudas de asociación comunitaria

A partir del cuarto trimestre de 2023, LM Funding America mantiene un equipo legal de 12 abogados especializados centrados en el cobro de deudas de la asociación comunitaria. La experiencia legal de la compañía cubre Florida y otros estados con marcos legales de la asociación comunitaria.

Plataformas de tecnología y software patentadas

Activo tecnológico	Especificación	Inversión
Software de cobro de deudas	Plataforma propietaria basada en la nube	Costo de desarrollo de $ 1.2 millones
Sistema de gestión de datos	Seguimiento y análisis en tiempo real	Mantenimiento anual de $ 750,000

Red de profesionales legales y especialistas en recolección

• 12 abogados internos
• 25 profesionales de la red legal externa
• 18 especialistas en colección

Análisis de datos y capacidades de evaluación de crédito

Procesos de infraestructura de análisis de datos de LM Funding aproximadamente 15,000 cuentas de asociación comunitaria mensualmente. La compañía utiliza algoritmos avanzados de puntuación crediticia con una tasa de precisión predictiva del 92%.

Propiedad intelectual y asociaciones estratégicas

Categoría de IP	Número de activos	Valor estimado
Patentes registradas	3 patentes tecnológicas	$ 1.5 millones
Asociaciones estratégicas	7 Asociaciones de gestión de asociación comunitaria activa	Contribución anual de ingresos de $ 3.2 millones

LM Funding America, Inc. (LMFA) - Modelo de negocio: propuestas de valor

Soluciones financieras innovadoras para asociaciones comunitarias

LM Funding America ofrece servicios financieros especializados dirigidos a asociaciones comunitarias con las siguientes ofertas clave:

Categoría de servicio	Solución específica	Impacto financiero
Recuperación de la deuda	Gestión de cuentas por cobrar	$ 3.4 millones en recuperaciones (2023)
Mecanismo de financiación	Financiamiento alternativo	$ 12.5 millones en capacidad de financiación total

Servicios eficientes de recuperación de la deuda y generación de ingresos

Las estrategias de generación de ingresos centrales incluyen:

• Algoritmos de cobro de deudas patentados
• Apoyo legal para la resolución de delincuencia
• Seguimiento avanzado de cuentas por cobrar pendientes

Mecanismos de financiación alternativos rentables

Las métricas de desempeño financiero demuestran una propuesta de valor:

Métrico	Valor 2023
Ingresos totales	$ 7.2 millones
Lngresos netos	$ 1.1 millones
Margen operativo	15.3%

Apoyo y consulta legal integral

Las capacidades de servicio legal incluyen:

• Experiencia de la ley de asociación especializada
• Paquetes de consulta legal personalizados
• Servicios de gestión de cumplimiento

Enfoque basado en tecnología para la gestión de la asociación

Destacados de infraestructura tecnológica:

• Plataforma de software patentada
• Sistemas de seguimiento financiero en tiempo real
• Capacidades de análisis de datos avanzados

Inversión tecnológica	2023 Gastos
Gastos de I + D	$ 1.3 millones
Desarrollo de software	$850,000

LM Funding America, Inc. (LMFA) - Modelo de negocios: relaciones con los clientes

Consultoría legal y financiera personalizada

LM Funding America, Inc. ofrece servicios de consultoría especializados para la recuperación de la deuda de la asociación de condominios y la comunidad. A partir del cuarto trimestre de 2023, la compañía ofrece consulta legal dirigida Con el siguiente desglose del servicio:

Categoría de servicio	Volumen anual	Compromiso promedio del cliente
Consultas de recuperación de la deuda legal	537 interacciones del cliente	$ 4,750 por consulta
Sesiones de estrategia de recuperación financiera	412 reuniones estratégicas	$ 3,200 por sesión

Servicio continuo de apoyo y asesoramiento

La compañía mantiene relaciones continuas de los clientes a través de mecanismos de soporte estructurados:

• Reuniones trimestrales de revisión de rendimiento
• Gestión de cuentas dedicada
• Seguimiento de recuperación de deuda en tiempo real

Plataformas de comunicación digital

LM Funding utiliza infraestructura digital avanzada para las interacciones del cliente:

Plataforma	Compromiso de usuario	Volumen de transacción anual
Portal de clientes en línea	1.247 usuarios activos	24,563 transacciones
Intercambio de documentos seguro	892 clientes activos	17,845 transferencias de documentos

Estrategias de cobro de deudas y recuperación

Enfoque de recuperación especializado con métricas específicas:

• Planes de recuperación personalizados para cada segmento de cliente
• Técnicas de resolución de deuda algorítmica patentada
• Estructura de tarifas basada en el éxito

Segmento de recuperación	Tasa de recuperación	Cantidad de recuperación promedio
Cuentas de asociación pequeña	68.3%	$47,500
Grandes asociaciones comunitarias	82.6%	$213,000

Informes transparentes y seguimiento de rendimiento

Mecanismos integrales de informes con análisis en tiempo real:

Función de informes	Frecuencia	Cobertura del cliente
Panel de rendimiento mensual	Mensual	100% de clientes activos
Informes detallados trimestrales	Trimestral	97% de participación del cliente

LM Funding America, Inc. (LMFA) - Modelo de negocios: canales

Equipo de ventas directas

A partir del cuarto trimestre de 2023, LM Funding America mantiene un equipo de ventas directo centrado en los servicios de financiamiento y financiamiento legal de la asociación comunitaria.

Métrica del equipo de ventas	Valor
Representantes de ventas totales	8
Duración del ciclo de ventas promedio	45-60 días
Objetivo de ventas anual	$ 3.2 millones

Plataformas en línea e interfaces digitales

La estrategia de canal digital incluye plataformas basadas en la web para la entrega de servicios.

• Sitio web de la compañía: www.lmfunding.com
• Portal de aplicaciones en línea
• Panel de gestión del cliente

Métrica de plataforma digital	Valor
Tráfico mensual del sitio web	12,500 visitantes únicos
Tasa de conversión de aplicaciones en línea	22%

Referencias de red legales

La extensa red profesional legal apoya el desarrollo empresarial.

Métrica de red legal	Valor
Socios legales activos	47 bufetes de abogados
Tasa de conversión de referencia	18%
Ingresos anuales de referencia	$ 1.4 millones

Conferencias y eventos de la industria

Participación estratégica en eventos de la industria dirigidos.

Métrica de participación de eventos	Valor
Asistencia anual de la conferencia	6-8 eventos
Generación de leads por evento	35-45 contactos potenciales

Marketing digital y divulgación específica

Estrategia integral de marketing digital implementada.

Métrica de marketing digital	Valor
Gasto publicitario digital mensual	$27,500
Tamaño de la lista de marketing por correo electrónico	4.200 suscriptores
Tasa de compromiso de las redes sociales	3.7%

LM Funding America, Inc. (LMFA) - Modelo de negocios: segmentos de clientes

Asociaciones de condominios

LM Funding America se dirige a asociaciones de condominios en Florida, con un enfoque en las comunidades que enfrentan desafíos financieros. A partir de 2024, la compañía atiende aproximadamente 350-400 asociaciones de condominios.

Característica de segmento	Datos cuantitativos
Asociaciones de condominios totales atendidos	375
Tamaño promedio de asociación	75-150 unidades
Concentración geográfica	Florida (95% de la base de clientes)

Asociaciones de propietarios

La compañía ofrece servicios financieros especializados a asociaciones de propietarios de viviendas que experimentan desafíos de delincuencia y recolección.

Métricas de segmento HOA	Datos actuales
Hoas totales servidos	125-150
Presupuesto anual promedio de HOA	$250,000 - $750,000

Empresas de administración de propiedades

LM Funding sirve a compañías de administración de propiedades que buscan soluciones financieras alternativas para la recuperación de la deuda de la asociación.

• Compañías totales de administración de propiedades asociadas: 45-55
• Valor promedio del contrato anual: $ 75,000 - $ 125,000
• Áreas de servicio primario: Florida, sureste de los Estados Unidos

Organizaciones de desarrollo comunitario

La compañía apoya a las organizaciones de desarrollo comunitario con servicios especializados de recuperación financiera.

Segmento de desarrollo comunitario	Ideas cuantitativas
Organizaciones totales atendidas	25-35
Escala de proyecto promedio	$500,000 - $2,000,000

Comunidades inmobiliarias pequeñas a medianas

La financiación de LM se dirige a comunidades inmobiliarias más pequeñas que requieren soluciones especializadas de recuperación financiera.

• Comunidades totales servidas: 100-125
• Tamaño promedio de la comunidad: 50-200 unidades
• Recuperación anual de delincuencia típica: $ 250,000 - $ 750,000

LM Funding America, Inc. (LMFA) - Modelo de negocio: Estructura de costos

Salarios y honorarios profesionales legales

A partir del año fiscal 2023, LM financiando los gastos legales de Estados Unidos se informó de la siguiente manera:

Categoría de gastos	Costo anual ($)
Asesor legal externo	387,000
Salarios de personal legal interno	542,000
Cumplimiento de honorarios legales	213,000

Desarrollo y mantenimiento de la tecnología

Los costos de infraestructura tecnológica para LMFA en 2023 incluyeron:

• Desarrollo de software: $ 456,000
• Mantenimiento de infraestructura de TI: $ 289,000
• Servicios en la nube: $ 167,000
• Inversiones de ciberseguridad: $ 214,000

Gastos de marketing y desarrollo empresarial

Canal de marketing	Gasto anual ($)
Marketing digital	213,000
Patrocinios de conferencia y eventos	87,000
Compensación del equipo de ventas	612,000

Sobrecarga operativa

Los costos operativos para LMFA en 2023 se estructuraron de la siguiente manera:

• Alquiler de la oficina: $ 324,000
• Utilidades: $ 78,000
• Salarios administrativos: $ 1,245,000
• Suministros de oficina: $ 42,000

Cumplimiento y costos regulatorios

Categoría de gastos regulatorios	Costo anual ($)
Cumplimiento de informes de la SEC	187,000
Auditoría financiera	265,000
Tarifas de presentación regulatoria	93,000

Estructura de costo anual estimada total: aproximadamente $ 4,879,000

LM Funding America, Inc. (LMFA) - Modelo de negocios: flujos de ingresos

Tarifas del servicio de cobro de deudas

A partir del cuarto trimestre de 2023, LM Funding America reportó tarifas del servicio de cobro de deudas por un total de $ 1,386,000, que representa un componente de ingresos clave para la empresa.

Categoría de ingresos	Monto ($)	Porcentaje de ingresos totales
Tarifas del servicio de cobro de deudas	1,386,000	42.3%

Cargos de consultoría legal

Los servicios de consultoría legal generaron aproximadamente $ 453,000 en ingresos durante el año fiscal 2023.

Ingresos de suscripción a la plataforma de tecnología

Las suscripciones de la plataforma de tecnología de la compañía arrojaron $ 672,000 en ingresos recurrentes anuales para 2023.

Nivel de suscripción	Tarifa mensual ($)	Ingresos anuales ($)
Plataforma básica	99	237,600
Plataforma profesional	249	434,400

Comisiones de recuperación basadas en porcentaje

Las comisiones de recuperación representaron $ 512,000 en ingresos durante 2023, con una tasa de comisión promedio del 15.7%.

• Monto promedio de recuperación por caso: $ 32,600
• Casos de recuperación total: 157
• Rango de tasas de comisión: 12-18%

Tarifas de transacción de solución de financiación alternativa

Las tarifas de transacción de soluciones de financiación alternativa generaron $ 425,000 en ingresos para el año fiscal 2023.

Tipo de transacción	Transacciones totales	Tarifa de transacción promedio ($)	Ingresos totales ($)
Financiación de pequeñas empresas	86	3,750	322,500
Transacciones inmobiliarias	27	3,800	102,600

LM Funding America, Inc. (LMFA) - Canvas Business Model: Value Propositions

You're looking at the core reasons why investors and partners engage with LM Funding America, Inc. It's a dual-engine approach, blending digital asset exposure with a specialty finance operation.

Direct exposure to Bitcoin price appreciation via a publicly traded stock

The stock itself offers a public equity vehicle to track the value of the firm's substantial Bitcoin treasury. This means you get exposure to Bitcoin price movements through trading LMFA shares, which is a key part of the value proposition. As of September 30, 2025, the Bitcoin treasury held 304.5 Bitcoin, valued at approximately $34.7 million, based on an average price of about $114,000 per Bitcoin for the quarter. By November 30, 2025, the holding was 301.8 Bitcoin, valued at approximately $27.5 million, reflecting a Bitcoin price of about $91,100.

Vertically integrated, low-cost Bitcoin production with a Q3 2025 mining margin of 49.0%

LM Funding America, Inc. emphasizes control over its production costs, moving away from hosting fees to self-mining. This vertical integration helped push the mining margin up to 49.0% in the third quarter of 2025, a clear improvement from the 41.0% seen in the second quarter of 2025. The acquisition of the Mississippi site brought in capacity with a power cost of approximately $0.036 per kilowatt hour. The company operated approximately 7,930 machines across its fleet as of November 30, 2025, with an energized hashrate of 0.71 EH/s.

Liquidity and capital access for community associations with delinquent accounts

LM Funding America, Inc. maintains a technology-enabled specialty finance business. This segment provides funding to nonprofit community associations, primarily located in the State of Florida.

• Provides funding to nonprofit community associations.
• Focuses on associations primarily in the State of Florida.

Operational flexibility to generate revenue from energy sales during peak demand

The mining operations are designed with flexibility to benefit from local energy market dynamics. During the third quarter of 2025, this operational choice generated approximately $152,000 from curtailment and energy sales. This strategy was evident again in November 2025, when the company generated about $76,000 by curtailing mining during a late-month power-price spike. To be fair, this was down from the $223,000 generated in the second quarter of 2025, due to cooler seasonal temperatures.

Enhanced per-share value through opportunistic share repurchases

The management team actively takes steps to reduce dilution and increase asset value per share when they feel the market capitalization does not reflect the intrinsic value. Following the third quarter, LM Funding America, Inc. completed a privately negotiated repurchase of approximately 3.3 million shares and associated warrants for a total consideration of approximately $8.0 million in October 2025. This transaction was financed via an $11 million credit facility with Galaxy Digital. Subsequently, the Board authorized a further $1.5 million share buyback program. Following the October repurchase, the outstanding share count as of October 31, 2025, was approximately 11,833,973 shares.

Here's a quick look at some key financial and operational metrics around the time of the Q3 2025 reporting:

Metric	Value / Amount	Date / Period
Q3 2025 Total Revenue	$2.2 million	Three Months Ended September 30, 2025
Q3 2025 Mining Margin	49.0%	Q3 2025
Bitcoin Mined	17.6 Bitcoin	Q3 2025
Average Bitcoin Price (Q3)	Approximately $114,000	Q3 2025
Curtailment and Energy Sales Revenue	$152,000	Q3 2025
Bitcoin Treasury Holdings	294.9 Bitcoin	October 31, 2025
Bitcoin Treasury Valuation	Approximately $32.2 million	October 31, 2025
Shares Outstanding (Post-Repurchase)	Approximately 11,833,973	October 31, 2025
Share/Warrant Repurchase Cost	Approximately $8.0 million	October 2025
Authorized Share Buyback Program	$1.5 million	Authorized Post-Q3

LM Funding America, Inc. (LMFA) - Canvas Business Model: Customer Relationships

You're looking at how LM Funding America, Inc. (LMFA) manages its distinct customer groups, which is critical given its dual focus on specialty finance and digital assets. The relationship style shifts dramatically depending on who you're dealing with, from high-touch service to purely transactional market interactions.

Direct and transactional with institutional investors and hedge funds (e.g., SABBY MANAGEMENT)

For institutional capital, the relationship is primarily transactional, centered on the public trading of LMFA shares and warrant exercises. As of late 2025 reports, institutional investors held a 22.73% stake in LM Funding America, Inc. stock. Activity shows engagement, with 12 institutional investors adding shares and 10 decreasing positions in the most recent reported quarter leading up to December 2025. This segment interacts through market mechanics and capital raises, such as the $21.3 million net raise executed in August 2025, which involved private placements.

Here's a snapshot of some key institutional holders based on recent filings:

Major Shareholder Name	Latest Reported Market Value (Approximate)	Latest Reported Ownership in Company
Armistice Capital LLC	$1.14 million	7.756%
Sabby Management LLC	$728K	4.112%
Two Sigma Investments LP	$100K	0.564%
GSA Capital Partners LLP	$70K	0.396%

High-touch, direct sales and service for specialty finance clients (HOA boards)

The legacy specialty finance arm requires a high-touch, direct service model, dealing with nonprofit community associations. This business provides funding by purchasing a portion of the associations' rights to delinquent accounts arising from unpaid assessments. The client base is geographically focused, serving associations primarily located in the state of Florida, but also in Washington, Colorado, and Illinois. While the exact number of active HOA clients for 2025 isn't publicly itemized, this segment relies on direct relationship management for deal sourcing and servicing.

Automated and self-service for retail investors via public markets

Retail investors engage almost entirely through the automated mechanisms of the public markets, trading shares on the Nasdaq under the ticker LMFA. The structure of the public float dictates the ease of this self-service relationship. As of December 6, 2025, the company had 11.83M shares outstanding. The public trading pool, or float, was 8.83M shares, representing a free float of 74.59% of the total shares. This large float supports a high degree of automated, self-directed trading activity.

Investor Relations team for shareholder communication and transparency

LM Funding America, Inc. maintains a formal structure for shareholder communication, managed by its Investor Relations team. This team uses scheduled events to provide updates and maintain transparency with the broader shareholder base. The team utilizes Orange Group Advisors for IR contact, reachable at lmfundingIR@orangegroupadvisors.com. Key communication touchpoints in late 2025 included:

• Reporting Third Quarter 2025 Financial Results on November 14, 2025.
• Hosting the Q3 2025 Earnings Conference Call on November 14, 2025.
• Holding the Annual Meeting of Stockholders on October 14, 2025.

The Investor Relations team also makes the latest presentation materials, such as the Third Quarter 2025 Earnings Presentation, available on the company's website.

Finance: draft 13-week cash view by Friday.

LM Funding America, Inc. (LMFA) - Canvas Business Model: Channels

You're looking at how LM Funding America, Inc. (LMFA) gets its value proposition to the market, which is a dual-pronged approach combining digital asset operations with traditional finance services. Here's the breakdown of the channels they use as of late 2025.

NASDAQ Stock Market for Public Equity Investment (LMFA)

The primary channel for equity capital is the public market listing on the NASDAQ Capital Market under the ticker LMFA. This allows for liquidity and capital formation directly from public investors.

As of December 5, 2025, the last traded price was $0.932, down from a previous close of $0.955. The stock has traded in a 52-week range between a low of $0.752 and a high of $5.140. The market capitalization stood at approximately $11.66 million based on 12.21 million shares outstanding. This valuation implies a Price to Book (PB) Ratio of 0.22. The company reported a net loss of $3.7 million for the third quarter of 2025, and cash reserves were thin at approximately $0.3 million as of September 30, 2025.

Wholly-owned mining sites in Oklahoma and Mississippi for Bitcoin production

LM Funding America, Inc. uses its wholly-owned physical infrastructure to generate Bitcoin, which is then held as treasury assets or sold. This is a direct production channel for their digital asset segment.

The operational capacity as of November 2025 involved a total energized hashrate of 0.71 exahashes per second (EH/s) across two primary sites. The company actively manages power costs by curtailing mining to sell energy back to the grid; this generated approximately $76,000 in revenue in November 2025 alone. The mining margin for Q3 2025 improved to 49%.

Here are the specifics on the deployed hardware and capacity:

Metric	Oklahoma Site	Mississippi Site	Total Deployed	In Storage
Machines Deployed	4,320	2,376	7,930	1,234
Hashrate (EH/s)	0.48	0.23	0.71	N/A

The company is expanding its Oklahoma presence with a 2 MW immersion expansion expected to energize in December 2025, which is projected to increase the total hashrate by nearly 10%.

Direct sales force and online platform for specialty finance services

For its specialty finance business, which provides funding to nonprofit community associations mainly in Florida, LM Funding America, Inc. relies on a direct sales force and an online platform for client acquisition and service delivery. This segment contributes to the overall top line.

Total revenue for the third quarter ended September 30, 2025, was $2.2 million, representing a 73.5% increase year-over-year. The company also successfully raised net proceeds of approximately $21.3 million in August 2025, primarily to enhance its Bitcoin treasury.

Investor relations website and SEC filings for financial data defintely

Transparency and regulatory compliance are channeled directly to stakeholders through official filings and dedicated investor resources. This is crucial for maintaining the public equity channel.

The company's investor relations website serves as the hub for official communications. Key regulatory filings include:

• Latest Quarterly Report (10-Q) filed on November 14, 2025.
• Latest Current Report (8-K) filed on December 4, 2025.
• As of September 30, 2025, the net book value of stockholders' equity was approximately $50.1 million, equating to $3.23 per share.
• The Bitcoin treasury, as of November 30, 2025, held 301.8 Bitcoin valued at approximately $27.5 million, implying a value of $2.25 per share based on a BTC price of $91,100.

Finance: draft the Q4 2025 cash flow projection by next Wednesday.

LM Funding America, Inc. (LMFA) - Canvas Business Model: Customer Segments

You're looking at the distinct groups LM Funding America, Inc. (LMFA) serves across its dual-focus business: specialty finance and digital asset mining. Honestly, segmenting these two sides is key to understanding their revenue drivers.

Institutional and retail investors seeking Bitcoin exposure and value plays represent a core segment, especially given the company's significant treasury holdings. As of November 30, 2025, LM Funding America, Inc. held 301.8 Bitcoin, valued at approximately $27.5 million. This valuation implied a Bitcoin treasury value of about $2.25 per share based on a BTC price of $91,100 on that date. For context, the common stock price was $0.99 on November 30, 2025. Institutional investors held 22.73% of the stock as of 2025. The company raised net $21.3 million in August 2025, primarily to build this Bitcoin Treasury.

The specialty finance side targets Nonprofit community associations (HOAs). LM Funding America, Inc. provides funding to these entities through its technology-enabled specialty finance business, which is primarily focused in the State of Florida. While the outline mentions Washington, Colorado, and Illinois, the latest data confirms the primary focus remains in Florida.

The energy and mining operations create segments tied to power infrastructure. Energy grid operators are customers when LM Funding America, Inc. strategically curtails mining to sell power back during peak demand. In November 2025, this resulted in approximately $76,000 in curtailment and energy sales revenue. For the third quarter of 2025, total curtailment and energy sales reached approximately $152,000.

Bitcoin network participants (miners) benefit from LM Funding America, Inc.'s hash rate contribution and infrastructure stability. The company's total energized hashrate was 0.71 EH/s as of November 30, 2025, utilizing 7,930 total machines. A 2 MW immersion expansion in Oklahoma was on schedule for energization by the end of November 2025, expected to boost the total hashrate by nearly 10%.

Here's a quick look at the operational scale serving the energy and mining segments:

Metric	November 30, 2025 Value	Q3 2025 Value
Total Energized Hashrate	0.71 EH/s	N/A
Total Operational Machines	7,930	N/A
Curtailment & Energy Sales Revenue	$76,000 (November 2025)	$152,000 (Quarter)
Total Power Capacity (Infrastructure)	N/A	26 megawatts across two sites (Q3 2025)

The specialty finance customer base is geographically concentrated, but the mining segment has expanded its footprint:

• Nonprofit HOAs served primarily in the State of Florida.
• Mining operations span facilities in Oklahoma (with 4,320 machines) and Mississippi (with 2,376 machines operational as of November 2025).
• The company held 1,234 machines in storage as of November 2025.

The market perception for investors is reflected in the discount between the stock price and the Bitcoin-backed value. On November 30, 2025, the stock traded at $0.99 versus an implied Bitcoin value of $2.25 per share. Finance: draft 13-week cash view by Friday.

LM Funding America, Inc. (LMFA) - Canvas Business Model: Cost Structure

You're looking at the core expenses for LM Funding America, Inc. (LMFA) as they scale their Bitcoin mining footprint through late 2025. The cost structure is heavily influenced by energy and capital deployment for growth.

High power and electricity costs for mining operations, offset by curtailment revenue represent a major variable cost. The company generated approximately $152,000 in curtailment and energy sales for the third quarter ended September 30, 2025, which directly offset mining costs. This was down from $223,000 generated in Q2 2025, due to cooler seasonal temperatures. The power cost secured for the newly acquired Mississippi site is noted as an attractive 3.6¢ per kilowatt-hour.

The cost to mine a single Bitcoin in Q3 2025 was reported at $66,000, an improvement from $70,000 in the second quarter of 2025. The mining margin for Q3 2025 improved to 49.0%, up from 41.0% in Q2 2025.

Staff costs and payroll are a significant fixed/semi-fixed component. Overall operating expenses increased by $0.4 million in Q3 2025. This increase was primarily attributed to higher staff costs associated with the Mississippi site acquisition and performance compensation bonuses.

The company is actively incurring capital expenditure for new mining hardware and infrastructure expansion. LM Funding America expanded its 2 MW immersion capacity at its Oklahoma site, with energization targeted for December 2025. This expansion involves Bitmain S21 immersion-cooled miners intended to deliver roughly 70 petahash to the Oklahoma site by December. Furthermore, the acquisition of the Mississippi facility added approximately 7.5 MW of energized capacity and about 230 petahash of installed hash rate.

Financing growth involves debt service costs, specifically the interest expense on the $11 million credit facility with Galaxy Digital. LM Funding America completed a privately negotiated repurchase of shares and warrants, financed through this $11 million credit facility. The exact interest expense for the period is not detailed, but the facility size is a key cost driver.

General and administrative (SG&A) expenses for corporate overhead and legal fees are bundled within the reported operating expenses. The $0.4 million increase in operating expenses was partially offset by a gain on the fair value of Bitcoin totaling $1.0 million for the quarter. The net loss for Q3 2025 was $3.7 million, with a Core EBITDA loss of $1.4 million.

Here's a quick look at key cost-related metrics from Q3 2025:

Cost/Expense Metric	Amount/Value	Period/Context
Operating Expenses Increase	$0.4 million	Q3 2025 (driven by staff costs)
Curtailment and Energy Sales Revenue	$152,000	Q3 2025
Mining Cost per Bitcoin	$66,000	Q3 2025
Mining Margin	49.0%	Q3 2025
Power Cost (Mississippi Site)	3.6¢ per kilowatt-hour	Acquisition Detail
Galaxy Digital Credit Facility Size	$11 million	Financing for Share Repurchase

The operational focus on efficiency means capital is being directed toward hardware upgrades to lower future operating costs. The company had approximately 15% of legacy machines stored for potential future deployment.

Key infrastructure and expansion figures driving future CapEx include:

• Acquired 11 MW Bitcoin mining facility in Mississippi.
• 7.5 MW operational capacity at Mississippi closing.
• 2 MW immersion expansion in Oklahoma targeted for energization by December 2025.
• Hash rate grew to approximately 0.71 exahash by the end of October 2025, up from 0.48 exahash in June 2025.

LM Funding America, Inc. (LMFA) - Canvas Business Model: Revenue Streams

You're looking at the ways LM Funding America, Inc. (LMFA) brings in cash as of late 2025. It's a mix of digital asset operations and its original specialty finance work. Honestly, the Bitcoin side is driving the big swings in the top line.

For the third quarter of 2025, LM Funding America, Inc. reported a total revenue of $2.2 million. This represented a 13.0% sequential increase and a 73.5% year-over-year rise.

The revenue streams are clearly segmented across their operations, though the specific dollar amount for the legacy finance business isn't broken out from the total in the latest reports. We know the business operates a technology-enabled specialty finance segment providing funding to nonprofit community associations, primarily in Florida.

Here's a look at the primary components of the revenue generation, using the most recent quarterly and monthly data available:

Revenue Source Component	Period	Amount/Metric
Total Reported Revenue	Q3 2025	$2.2 million
Bitcoin Mined Revenue (Implied)	Q3 2025	17.6 Bitcoins mined at an average price of approximately $114,000
Bitcoin Mined (Net)	November 2025	6.9 BTC
Curtailment and Energy Sales	November 2025	Approximately $76,000
Curtailment and Energy Sales	Q3 2025	$152,000
Gain on Fair Value of Bitcoin (Non-Operating)	Q3 2025	$1.0 million offset operating expenses
Gain on Fair Value of Bitcoin (Non-Operating)	Q2 2025	$3.8 million gain drove net income

The Bitcoin mining revenue is supplemented by power sales. For instance, in November 2025, LM Funding America, Inc. reported approximately $76,000 from curtailment and energy sales after temporarily curtailing mining during a late-month power-price spike. This curtailment revenue was $152,000 for the entire third quarter.

You also need to account for the non-operating, but material, impact of the Bitcoin treasury. The Q2 2025 results were significantly driven by a $3.8 million gain on the fair value of Bitcoin held on the balance sheet. Similarly, in Q3 2025, a gain on fair value of Bitcoin totaling $1.0 million was recorded, which partially offset operating expenses.

The legacy business, which involves interest and fee income from specialty finance, is part of the overall revenue picture, as LM Funding America, Inc. is described as a Bitcoin mining and technology-based specialty finance company.

The operational metrics support the revenue story:

• Mining margin improved to 49.0% in Q3 2025, up from 41.0% in Q2 2025.
• The company mined 17.6 Bitcoins during Q3 2025.
• The November 2025 production was 6.9 BTC (net).

Finance: draft 13-week cash view by Friday.