NASDAQ$LMFA
LM Funding America Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
LMFA reported Q2 2024 financial results, impacted by the Bitcoin halving event but mitigated by strategic developments.
LM Funding America, Inc. reported a decrease in revenue for Q2 2024 due to the Bitcoin halving event, but strategically expanded hosting facilities and secured funding for future growth. The company held 160.4 Bitcoins valued at approximately $10.0 million as of June 30, 2024.
- Mined 44.1 Bitcoins in Q2 2024, generating approximately $2.9 million in revenue.
- Held 160.4 Bitcoins valued at approximately $10.0 million as of June 30, 2024.
- Expanded a new 15 MW hosting facility near Oklahoma City in collaboration with Arthur Mining Inc.
- Completed a $5 million secured non-convertible loan facility to acquire additional miners.
Headline financials
Revenue & EPS history
LMFA · Revenue · Quarterly
$3.01M
Revenue by segment
LMFA · $2.11M total across 3 segments · Q1 2026
- Digital mining$1.98M—93.8%
- Specialty finance$108K—5.1%
- Rental revenue$23.1K—1.1%
Forward guidance
LM Funding is optimistic about the financial prospects of Bitcoin and their business outlook, focusing on expanding mining capabilities and optimizing operations.
Tailwinds
- Relocating machines to cost-effective mining sites.
- Potential 72 MW site in Texas under LOI.
- Expansion of a 15 MW hosting facility near Oklahoma City.
- Acquiring additional miners to bolster mining capabilities.
- Optimistic about the financial prospects of Bitcoin.
Headwinds
- Industry experienced a Bitcoin halving event in April.
- Operating expenses rose to $7.8 million from $6.4 million year-on-year.
- Net loss attributable to shareholders of approximately $6.1 million.
- Core EBITDA loss widened to $2.2 million in Q2 2024 from $0.1 million in Q2 2023.
- Digital mining revenue decreased to $2.9 million in Q2 2024 from $3.0 million in Q2 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+10.7%
Avg return
Earnings day
-2.6%
Avg return
5 days after
-5.1%
Avg return
30 days after
45%
19 / 42 earnings
Positive
+506.6%
Q2 2017
Best reaction
-100.0%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.8% | — | — | |
| Q3 2025 | -13.0% | -24.9% | -28.3% | |
| Q2 2025 | +1.3% | -40.8% | -46.6% | |
| Q1 2025 | -4.2% | +4.8% | -0.6% | |
| Q4 2024 | -6.8% | -10.5% | +12.0% | |
| Q3 2024 | -22.1% | -20.6% | -20.3% | |
| Q2 2024 | -4.2% | -3.6% | -13.4% | |
| Q1 2024 | +26.7% | +38.6% | +130.1% | |
| Q4 2023 | -12.0% | -11.2% | -34.8% | |
| Q4 2025 | -4.0% | -6.4% | -11.4% | |
| Q3 2023 | -17.5% | -22.3% | -20.5% | |
| Q2 2023 | -10.2% | -17.0% | -20.9% | |
| Q1 2023 | +7.6% | +0.9% | -7.1% | |
| Q4 2022 | +7.2% | +5.6% | +4.8% | |
| Q3 2022 | -4.3% | -2.9% | -10.4% | |
| Q2 2022 | +23.1% | +5.6% | +9.3% | |
| Q1 2022 | +4.1% | +1.7% | -27.0% | |
| Q4 2021 | -0.3% | -3.3% | -22.6% | |
| Q3 2021 | -6.3% | -6.5% | -12.1% | |
| Q2 2021 | +7.6% | +4.0% | -0.6% | |
| Q1 2021 | +10.2% | +9.4% | -75.4% | |
| Q4 2020 | +3.9% | +2.4% | -13.4% | |
| Q3 2020 | +3.8% | +9.6% | +10.6% | |
| Q2 2020 | -19.6% | -52.4% | -63.4% | |
| Q1 2020 | +7.0% | +28.2% | +77.6% | |
| Q4 2019 | +29.9% | +24.8% | +56.4% | |
| Q3 2019 | -0.1% | -4.9% | -1.2% | |
| Q2 2019 | -9.0% | -9.0% | -9.7% | |
| Q1 2019 | -3.7% | -3.0% | -7.5% | |
| Q4 2018 | -0.7% | +1.5% | -10.7% | |
| Q3 2018 | -12.7% | -19.5% | -29.5% | |
| Q2 2018 | +19.7% | +3.8% | +34.6% | |
| Q1 2018 | -0.8% | +0.3% | -9.0% | |
| Q4 2017 | +5.8% | -1.3% | -4.2% | |
| Q3 2017 | +35.5% | +15.7% | +24.5% | |
| Q2 2017 | +506.6% | +5.3% | -26.6% | |
| Q1 2017 | +0.3% | +6.6% | -2.4% | |
| Q4 2016 | -0.3% | +2.3% | +2.6% | |
| Q3 2016 | -100.0% | -17.8% | -39.1% | |
| Q2 2016 | +4.4% | +4.1% | +5.4% | |
| Q1 2016 | +7.7% | — | — | |
| Q4 2015 | -0.5% | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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