NASDAQ$LMFA
LM Funding America Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
LMFA's Q4 2023 financial results were reported, featuring a substantial revenue increase and positive Core EBITDA.
LM Funding America reported a significant increase in revenue for both the fourth quarter and the full year 2023, driven by its Bitcoin mining operations. The company achieved positive Core EBITDA for the quarter, a notable improvement compared to the previous year. They mined 423.4 Bitcoins in 2023. The company held 95.1 Bitcoin valued at approximately $3.4 million as of December 31, 2023.
- Revenue for Q4 2023 increased by approximately 262% compared to Q4 2022, reaching $4.1 million.
- Net loss for Q4 2023 was $1.6 million, a significant reduction from the $19.7 million loss in Q4 2022.
- Positive Core EBITDA of $345 thousand was achieved in Q4 2023, compared to a Core EBITDA loss of $1.7 million in the same period last year.
- Full year revenue increased by approximately 648% to $13.0 million, driven by digital mining revenue.
Headline financials
Revenue & EPS history
LMFA · Revenue · Quarterly
$4.06M
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
Company remains extremely optimistic about the future, as halving events have historically preceded new all-time high Bitcoin prices in the six months post-halving.
Tailwinds
- Bitcoin's value is expected to increase due to the upcoming halving event.
- The company's 'Infrastructure Light' strategy is expected to reduce market risks.
- The company has been purchasing state-of-the-art mining equipment.
- The company's revenue for the year increased by approximately 648% as compared to 2022.
- Company remains highly encouraged and optimistic regarding the financial outlook for both Bitcoin and the business
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 Q4 2023
+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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