LM Funding America, Inc. Q1 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

LM Funding America (LMFA) Q1 2026 Earnings Summary

Operational Highlights

  • Mined 26.1 Bitcoin, up 19% from 22 Bitcoin in Q4 2025; first full quarter operating expanded fleet at scale.
  • Record energized hash rate of ~790 petahash at quarter-end, up from ~750 petahash at year-end 2025; March production hit record 9.6 Bitcoin.
  • Fleet upgrades included energizing second BC40 Elite immersion unit (~35 petahash) and deploying ~300 Bitmain S19 XP miners in February, replacing older hardware.
  • Generated ~$305,000 in energy/curtailment revenue during January Winter Storm Fern (equivalent to ~4 Bitcoin), primarily in 3 days.
  • Company remains focused on low-cost power sites (5-20 MW range) for Bitcoin mining; notes structural Bitcoin network hash rate decline (~27% from Oct 2025 peak) due to public miners shifting to AI/HPC hosting.

Financial Performance

  • Total revenue: ~$2.1 million, down from $2.4 million in both Q4 2025 and Q1 2025 (11% YoY decline), primarily due to lower average Bitcoin price (~$75,700 vs. ~$99,700 in Q4 2025).
  • Mining margin: 24.1%, slightly down from 25% in Q4 2025; supported by $368,000 in curtailment/energy sales (recognized as cost reduction).

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Good day, and thank you for standing by. Welcome to the LM Funding America's First Quarter 2026 Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Cody Fletcher, Investor Relations. Please go ahead, sir. Cody Fletcher: Thank you, operator, and thank you all for joining LM Funding America's First Quarter 2026 Earnings Conference Call. Joining us today are Chairman and Chief Executive Officer, Bruce Rodgers; Chief Financial Officer, Richard Russell; and President of U.S. Digital Mining, Ryan Duran. An accompanying supplemental investor presentation has been posted under the Events section of our Investor Relations website. Before we begin, please note that today's remarks may include forward-looking statements. These statements are subject to risks and uncertainties, and actual results may differ materially. We will also reference certain non-GAAP financial measures. Please refer to our Form 10-Q for a full reconciliation of these measures to the most comparable GAAP measures and to our SEC filings in the Investors section of our website at lmfunding.com/investors for a more comprehensive discussion of these and other risks. I will now turn the call over to our Chairman and CEO, Bruce Rodgers. Bruce? Bruce Rodgers: Thank you, Cody, and good morning, everyone. The first quarter of 2026 saw us continue to grow and improve our operations in a s

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional