LM Funding America Q1 revenue falls on lower Bitcoin prices

Powercompute

15/05/2026 12:37

Overview

Bitcoin miner's Q1 revenue fell 11% yr/yr amid lower average Bitcoin prices

Company posted Q1 net loss of $10.1 mln, wider than prior year

Record monthly Bitcoin production and hashrate reached in March 2026

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

RECORD HASHRATE AND PRODUCTION - Co reached highest energized hashrate and monthly Bitcoin production in March 2026, driven by new miner deployments and expanded operations at Oklahoma, per President Ryan Duran

LOWER BITCOIN PRICES - Revenue and profitability were negatively affected by a lower average realized Bitcoin price, per CFO Richard Russell

NON-CASH FAIR VALUE LOSSES - Net loss was driven primarily by non-cash fair value adjustments on Bitcoin and Bitcoin collateral, per CFO Richard Russell

Company press release: ID:nGNXbhqjfB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Meet
$2.10 mln
$2.10 mln (1 Analyst)
Q1 Net Income
-$10.10 mln
Q1 Adjusted EBITDA
Miss
-$8.40 mln
-$1.20 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"

Wall Street's median 12-month price target for LM Funding America Inc is $1.00, about 291.4% above its May 14 closing price of $0.26

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)