Lm Funding America, Inc. · NASDAQ:LMFA
Lm Funding America — Q3 2025 Earnings Presentation
14 slides from Lm Funding America's earnings presentation, Nov 14, 2025
Slide 1: Q3 2025 Earnings Presentation
An emerging leader in Bitcoin mining Q3 2025 Earnings Presentation Nasdaq: LMFA
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended
Slide 3: Timeline: Q3'25 and Recent
Timeline: Q3’25 and Recent 0.48 EH/s 0.48 EH/s 0.70 EH/s Q3’25 0.71 EH/s 150.4 BTC 311.2 BTC 304.9 BTC 294.9 BTC $17.8M $33.8M $34.7M $32.2M July August September October November • Closed ~$23M • Purchase of 11 • Secured S21 immersion • Authorized financing for MW in MS for miners for OK $1.5M publ
Slide 4: Operational Highlights
Operational Highlights Q3 2025 • Mined 17.6 BTC • 0.70 EH/s energized exiting the quarter • Generated $152,000 in curtailment and energy sales • Mining margin of 49.0%, up sequentially Recent Highlights • 11 MW Mississippi site fully integrated; 7.5 MW actively mining, driving 28% sequential increas
Slide 5: Q3'25 Financials and Recent Activity
Q3’25 Financials and Recent Activity Revenue Q3 2025 • Total revenue of $2.2M, up 13.0% sequentially with $2.0M of Bitcoin mining revenue, up 11.3% sequentially, driven by $2.2M increased hashrate from MS acquisition and higher BTC $1.9M prices. $1.3M • Mining margin of 49.0%, up from 41.0% in Q2’25
Slide 6: Balance Sheet
Balance Sheet All amounts as of 9/30/25 $0.3M Cash $34.7M1 BTC Holdings All amounts as of 10/31/25 BTC Holdings2 BTC per Share3 294.9 BTC $32.2M $2.64 Prepaid Total Current $0.9M expenses and $18.2M other assets Assets $13.4M Market Long Term Total Current Cap4 $1.8M Liabilities $9.9M Liabilities 1
Slide 7: Differentiated Strategy
Differentiated Strategy • Disciplined, per-share focused growth • M&A targeting 5 – 20 MW sites • Vertically integrated • Power monetization strategy • BTC treasury = $32.2M1 11 MW site in Mississippi 1 Bitcoin holdings of 294.9 BTC as of 10/31/25 valued at $32.2M as of 10/31/25 at a price of $109,2
Slide 8: Financials
An emerging leader in Bitcoin mining & specialty finance Financials LMFundingIR@orangegroupadvisors.com
Slide 9: Overview
Overview Total Q3’25 Hashrate BTC Mined Revenue 0.71 EH/s1 17.6 BTC $2.4M $2.2M Q3’25 Q3’25 Mining $2.0M $1.9M Revenue2 Margin $2.2M 49.0% BTC Holdings3 BTC per Share4 294.9 BTC $32.2M $2.64 Q4'24 Q1'25 Q2'25 Q3'25 1 Energized as of 10/31/25 2 Includes $0.2M specialty finance and rental revenue 3 Bi
Slide 10: Balance Sheet
‘mas ‘008 _ —oowuaites) a Digital assets - current (Note 3) 11 390.701 9021 929 Fimncerecsivales ST Marketable securities (Note 6) 23,530 27050 Receivable fromssle of Symbiont asses (Note 6) 200,000 id expenses and other asets 03.079 127237 Income ax receivable 31,187 S187 Intangible assets, net (No
Slide 11: Income Statement
Revenues: Digital mining revenues ‘Specialty finance revenue Rental revenue Total revenues Operating costs and expenses: Digital mining cost of revenues (exclusive of depreciation and amortization shown below) Curtailment and energy sales Staff costs and payroll Depreciation and amortization Gain on
Slide 12: Cash Flows
‘Nise Mont ended ‘CASH FLOWS FROM OPERATING ACTIVITES: o reson net os ot cath dn Ness ease 192.73, 609 Sock ised fr services 0901 Stack onion expense asset amas ‘Accredintest cxpns fn ese esis rin. fia toi, et 297083) 6 8 rpsrment leon sing depot : raat i i i in pertng te od Haier: Repayment orate p
Slide 13: Core EBITDA (Non-GAAP)
Core EBITDA (Non-GAAP) Non-GAAP Financial Measures Our reported results are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We also disclose Earnings before Interest, Tax, Depreciation and Amortization ("EBITDA") and Core Earnings before Interest, Tax, Depreciati
Slide 14: Thank You
An emerging leader in Bitcoin mining & specialty finance Thank You LMFundingIR@orangegroupadvisors.com