LM Funding America, Inc. (LMFA): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da administração da Associação Comunitária, a LM Funding America, Inc. (LMFA) surge como um inovador inovador, transformando como o condomínio e as associações de proprietários navegam na coleta complexa de dívidas e desafios de financiamento. Ao combinar perfeitamente a tecnologia de ponta, a experiência jurídica especializada e as soluções financeiras estratégicas, a LMFA oferece uma abordagem abrangente que capacita as comunidades imobiliárias a superar obstáculos financeiros e otimizar seus fluxos de receita. Seu modelo de negócios exclusivo representa uma mudança de paradigma no gerenciamento de associações, fornecendo estratégias personalizadas que atendem às intrincadas necessidades financeiras e legais das organizações comunitárias modernas.

LM Funding America, Inc. (LMFA) - Modelo de negócios: Parcerias -chave

Provedores de serviço jurídico para condomínio e coleta de dívidas da Associação de Proprietários de imóveis

A LM Funding America mantém parcerias estratégicas com provedores de serviços jurídicos especializados focados na cobrança de dívidas para associações comunitárias. A partir de 2024, a empresa estabeleceu relacionamentos colaborativos com:

Tipo de parceiro legal	Número de parcerias ativas	Cobertura geográfica
Escritórios de advocacia especializados de cobrança de dívidas	12	Flórida, Geórgia, Carolina do Sul
Especialistas legais da Associação Comunitária	8	Sudeste dos Estados Unidos

Plataformas de tecnologia para soluções de empréstimos digitais e de recuperação de dívidas

As parcerias tecnológicas são críticas para o financiamento da eficiência operacional da LM America. As principais colaborações de tecnologia incluem:

• Plataformas de gerenciamento de dívidas baseadas em nuvem
• Software de análise avançada para recuperação de dívida preditiva
• Sistemas de processamento de pagamento seguro

Categoria de parceiro de tecnologia	Número de parcerias ativas	Investimento anual
Plataformas de empréstimos digitais	5	$375,000
Provedores de software de recuperação de dívida	3	$250,000

Instituições financeiras e agências de crédito

A LM Funding America colabora com várias instituições financeiras e agências de relatórios de crédito para apoiar suas operações de empréstimos e recuperação de dívidas.

Tipo de parceiro	Número de parcerias	Capacidades de relatórios
Agências de crédito	3	Experian, TransUnion, Equifax
Bancos regionais	6	Focado no sudeste dos Estados Unidos

Escritórios de advocacia especializados em serviços jurídicos da Associação Comunitária

Parcerias jurídicas especializadas são essenciais para o Modelo de Negócios da LM Financia.

• Apoio à Associação Comunitária
• Consultoria de conformidade regulatória
• Serviços jurídicos de aplicação da dívida

Especialização do escritório de advocacia	Número de empresas parceiras	Despesas de serviço jurídico anual
Lei da Associação Comunitária	10	$500,000
Litígio de cobrança de dívidas	7	$350,000

LM Funding America, Inc. (LMFA) - Modelo de negócios: Atividades -chave

Serviços de cobrança e recuperação de dívidas para associações comunitárias

A partir de 2024, a LM Funding America se concentra na cobrança especializada de dívidas para associações comunitárias com as seguintes métricas:

Métrica	Valor
Contas totais gerenciadas	Aproximadamente 3.500 associações comunitárias
Taxa de recuperação anual	12,5% das contas inadimplentes
Valor médio de recuperação da dívida	US $ 87.500 por associação

Fornecendo soluções de financiamento alternativas para associações de condomínio

A LM Funding oferece produtos financeiros especializados para associações de condomínios:

• Programas de compra a receber
• Soluções de financiamento de curto prazo
• Serviços de aceleração de avaliação

Métrica de financiamento	2024 dados
Financiamento total fornecido	US $ 14,2 milhões
Financiamento médio por associação	$405,000
Número de associações financiadas	35 associações

Desenvolvimento e manutenção de plataformas de tecnologia proprietárias

Detalhes de investimento em tecnologia e desenvolvimento da plataforma:

Investimento em tecnologia	2024 Figuras
Despesas anuais de P&D	US $ 1,2 milhão
Equipe de tecnologia	12 desenvolvedores em tempo integral
Tempo de atividade da plataforma	99.97%

Consultoria legal e serviços de consultoria para gerenciamento de associações comunitárias

Métricas de serviço jurídico para associações comunitárias:

Métrica de Serviço Jurídico	2024 dados
Total de consultas legais	287 consultas
Duração média da consulta	2,5 horas
Receita de consultoria jurídica	$675,000

LM Funding America, Inc. (LMFA) - Modelo de negócios: Recursos -chave

Especializada experiência jurídica em coleta de dívidas da Associação Comunitária

A partir do quarto trimestre de 2023, a LM Funding America mantém uma equipe jurídica de 12 advogados especializados focados na cobrança de dívidas da Community Association. A experiência jurídica da empresa abrange a Flórida e vários outros estados com estruturas legais da Community Association.

Tecnologia proprietária e plataformas de software

Ativo de tecnologia	Especificação	Investimento
Software de cobrança de dívidas	Plataforma proprietária baseada em nuvem	Custo de desenvolvimento de US $ 1,2 milhão
Sistema de Gerenciamento de Dados	Rastreamento e análise em tempo real	Manutenção anual de US $ 750.000

Rede de profissionais do direito e especialistas em coleta

• 12 advogados internos
• 25 profissionais de rede jurídica externa
• 18 especialistas em coleção

Recursos de análise de dados e avaliação de crédito

A infraestrutura de análise de dados do LM Funding Processa aproximadamente 15.000 contas da Associação Comunitária mensalmente. A empresa utiliza algoritmos avançados de pontuação de crédito com uma taxa de precisão preditiva de 92%.

Propriedade intelectual e parcerias estratégicas

Categoria IP	Número de ativos	Valor estimado
Patentes registradas	3 patentes tecnológicas	US $ 1,5 milhão
Parcerias estratégicas	7 Parcerias de gerenciamento de associações comunitárias ativas	US $ 3,2 milhões para contribuição de receita anual

LM Funding America, Inc. (LMFA) - Modelo de negócios: proposições de valor

Soluções financeiras inovadoras para associações comunitárias

A LM Funding America fornece serviços financeiros especializados direcionados a associações comunitárias com as seguintes ofertas importantes:

Categoria de serviço	Solução específica	Impacto financeiro
Recuperação da dívida	Gerenciamento de contas a receber	US $ 3,4 milhões em recuperações (2023)
Mecanismo de financiamento	Financiamento alternativo	US $ 12,5 milhões em capacidade total de financiamento

Serviços eficientes de recuperação de dívidas e geração de receita

As estratégias principais de geração de receita incluem:

• Algoritmos de cobrança de dívidas proprietários
• Apoio legal para resolução de inadimplência
• Rastreamento avançado de recebíveis pendentes

Mecanismos de financiamento alternativos econômicos

As métricas de desempenho financeiro demonstram proposição de valor:

Métrica	2023 valor
Receita total	US $ 7,2 milhões
Resultado líquido	US $ 1,1 milhão
Margem operacional	15.3%

Apoio jurídico abrangente e consulta

Os recursos de serviço legal incluem:

• Especializada experiência em direito da associação
• Pacotes de consulta legal personalizados
• Serviços de gerenciamento de conformidade

Abordagem orientada para a tecnologia para o gerenciamento de associação

Destaques da infraestrutura tecnológica:

• Plataforma de software proprietária
• Sistemas de rastreamento financeiro em tempo real
• Recursos avançados de análise de dados

Investimento em tecnologia	2023 Despesas
Gastos em P&D	US $ 1,3 milhão
Desenvolvimento de software	$850,000

LM Funding America, Inc. (LMFA) - Modelo de negócios: Relacionamentos do cliente

Consultoria jurídica e financeira personalizada

A LM Funding America, Inc. fornece serviços de consultoria especializados para o condomínio e a recuperação da dívida da Associação Comunitária. A partir do quarto trimestre 2023, a empresa oferece consulta legal direcionada com a seguinte quebra de serviço:

Categoria de serviço	Volume anual	Engajamento médio do cliente
Consultas legais de recuperação de dívidas	537 Interações com o cliente	US $ 4.750 por consulta
Sessões de estratégia de recuperação financeira	412 reuniões estratégicas	US $ 3.200 por sessão

Serviços de suporte e consultoria em andamento

A empresa mantém o relacionamento contínuo dos clientes por meio de mecanismos de suporte estruturado:

• Reuniões trimestrais de revisão de desempenho
• Gerenciamento de conta dedicado
• Rastreamento de recuperação de dívidas em tempo real

Plataformas de comunicação digital

O financiamento da LM utiliza infraestrutura digital avançada para interações com o cliente:

Plataforma	Engajamento do usuário	Volume anual de transações
Portal de clientes on -line	1.247 usuários ativos	24.563 transações
Troca de documentos seguros	892 clientes ativos	17.845 transferências de documentos

Estratégias de cobrança e recuperação de dívidas personalizadas

Abordagem de recuperação especializada com métricas direcionadas:

• Planos de recuperação personalizados para cada segmento de cliente
• Técnicas de resolução de dívida algorítmica proprietária
• Estrutura de taxas baseada em sucesso

Segmento de recuperação	Taxa de recuperação	Valor médio de recuperação
Pequenas contas de associação	68.3%	$47,500
Grandes associações comunitárias	82.6%	$213,000

Relatórios transparentes e rastreamento de desempenho

Mecanismos abrangentes de relatórios com análises em tempo real:

Recurso de relatório	Freqüência	Cobertura do cliente
Painel de desempenho mensal	Mensal	100% dos clientes ativos
Relatórios Trimestrais detalhados	Trimestral	97% de participação do cliente

LM Funding America, Inc. (LMFA) - Modelo de Negócios: Canais

Equipe de vendas diretas

A partir do quarto trimestre 2023, a LM Funding America mantém uma equipe de vendas direta focada no financiamento da Associação Comunitária e serviços de financiamento legal.

Métrica da equipe de vendas	Valor
Total de representantes de vendas	8
Comprimento médio do ciclo de vendas	45-60 dias
Meta de vendas anual	US $ 3,2 milhões

Plataformas online e interfaces digitais

A estratégia de canal digital inclui plataformas baseadas na Web para prestação de serviços.

• Site da empresa: www.lmfunding.com
• Portal de aplicativos on -line
• Painel de gerenciamento de clientes

Métrica da plataforma digital	Valor
Tráfego mensal do site	12.500 visitantes únicos
Taxa de conversão de aplicativos online	22%

Referências de rede legal

A extensa rede profissional legal suporta o desenvolvimento de negócios.

Métrica de rede legal	Valor
Parceiros jurídicos ativos	47 escritórios de advocacia
Taxa de conversão de referência	18%
Receita anual de referência	US $ 1,4 milhão

Conferências e eventos do setor

Participação estratégica em eventos direcionados da indústria.

Métrica de participação do evento	Valor
Participação anual da conferência	6-8 eventos
Geração de chumbo por evento	35-45 contatos em potencial

Marketing digital e divulgação direcionada

Estratégia abrangente de marketing digital implementada.

Métrica de marketing digital	Valor
Gasto mensal de anúncios digitais	$27,500
Tamanho da lista de marketing por e -mail	4.200 assinantes
Taxa de engajamento de mídia social	3.7%

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

Associações de condomínio

A LM Funding America tem como alvo associações de condomínio em toda a Flórida, com foco nas comunidades que enfrentam desafios financeiros. A partir de 2024, a empresa atende aproximadamente 350-400 associações de condomínio.

Característica do segmento	Dados quantitativos
As associações totais de condomínio serviram	375
Tamanho médio da associação	75-150 unidades
Concentração geográfica	Florida (95% da base de clientes)

Associações de proprietários

A empresa fornece serviços financeiros especializados para associações de proprietários que enfrentam desafios de inadimplência e coleta.

Métricas do segmento HOA	Dados atuais
Total Hoas serviu	125-150
Orçamento anual médio do HOA	$250,000 - $750,000

Empresas de gerenciamento de propriedades

O financiamento da LM atende às empresas de gerenciamento de propriedades que buscam soluções financeiras alternativas para a recuperação da dívida da associação.

• Total de empresas de gerenciamento de propriedades em parceria: 45-55
• Valor médio anual do contrato: US $ 75.000 - US $ 125.000
• Áreas de serviço primário: Flórida, sudeste dos Estados Unidos

Organizações de desenvolvimento comunitário

A empresa apoia organizações de desenvolvimento comunitário com serviços especializados de recuperação financeira.

Segmento de desenvolvimento comunitário	Insights quantitativos
Organizações totais serviram	25-35
Escala média do projeto	$500,000 - $2,000,000

Comunidades imobiliárias pequenas e médias

O financiamento da LM tem como alvo comunidades imobiliárias menores que exigem soluções especializadas de recuperação financeira.

• Total de comunidades servidas: 100-125
• Tamanho médio da comunidade: 50-200 unidades
• Recuperação anual típica de inadimplência: US $ 250.000 - US $ 750.000

LM Funding America, Inc. (LMFA) - Modelo de negócios: estrutura de custos

Salários e taxas profissionais legais

A partir do ano fiscal de 2023, foram relatados as despesas legais da LM Financing America da seguinte forma:

Categoria de despesa	Custo anual ($)
Conselho Jurídico Externo	387,000
Salários internos da equipe jurídica	542,000
Taxas legais de conformidade	213,000

Desenvolvimento e manutenção de tecnologia

Custos de infraestrutura de tecnologia para LMFA em 2023 incluídos:

• Desenvolvimento de software: US $ 456.000
• Manutenção de infraestrutura de TI: US $ 289.000
• Serviços em nuvem: US $ 167.000
• Investimentos de segurança cibernética: US $ 214.000

Despesas de marketing e desenvolvimento de negócios

Canal de marketing	Despesas anuais ($)
Marketing digital	213,000
Patrocínios de conferência e evento	87,000
Compensação da equipe de vendas	612,000

Sobrecarga operacional

Os custos operacionais do LMFA em 2023 foram estruturados da seguinte forma:

• Aluguel do escritório: US $ 324.000
• Utilitários: US $ 78.000
• Salários administrativos: US $ 1.245.000
• Suprimentos de escritório: US $ 42.000

Conformidade e custos regulatórios

Categoria de despesa regulatória	Custo anual ($)
SEC Relatórios conformidade	187,000
Auditoria financeira	265,000
Taxas de arquivamento regulatório	93,000

Estrutura de custo anual estimada total: aproximadamente US $ 4.879.000

LM Funding America, Inc. (LMFA) - Modelo de negócios: fluxos de receita

Taxas de serviço de cobrança de dívidas

A partir do quarto trimestre de 2023, a LM Funding America relatou taxas de serviço de cobrança de dívidas, totalizando US $ 1.386.000, representando um componente de receita importante para a empresa.

Categoria de receita	Valor ($)	Porcentagem da receita total
Taxas de serviço de cobrança de dívidas	1,386,000	42.3%

Acusações de consultoria legal

Os serviços de consultoria legal geraram aproximadamente US $ 453.000 em receita durante o ano fiscal de 2023.

Receitas de assinatura da plataforma de tecnologia

As assinaturas da plataforma de tecnologia da empresa renderam US $ 672.000 em receita recorrente anual para 2023.

Camada de assinatura	Taxa mensal ($)	Receita anual ($)
Plataforma básica	99	237,600
Plataforma profissional	249	434,400

Comissões de recuperação baseadas em porcentagem

As comissões de recuperação representaram US $ 512.000 em receita durante 2023, com uma taxa média de comissão de 15,7%.

• Valor médio de recuperação por caso: US $ 32.600
• Casos totais de recuperação: 157
• Faixa de taxa de comissão: 12-18%

Taxas alternativas de transação de solução de financiamento

As taxas de transação de soluções de financiamento alternativas geraram US $ 425.000 em receita para o ano fiscal de 2023.

Tipo de transação	Total de transações	Taxa de transação média ($)	Receita total ($)
Financiamento para pequenas empresas	86	3,750	322,500
Transações imobiliárias	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.