Lm Funding America, Inc. · NASDAQ:LMFA
Lm Funding America — Q1 2025 Earnings Presentation
13 slides from Lm Funding America's earnings presentation, May 15, 2025
Slide 1: Q1 2025 Supplemental Investor Presentation
An emerging leader in Bitcoin mining Q1 2025 Supplemental Investor Presentation Nasdaq: LMFA
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements the meaning of 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 t
Slide 3: Overview
Overview Q1’25 Revenue Hashrate BTC Mined 5.0 610 Ph/s1 24.3 BTC 4.5 4.0 $4.7M 3.5 Q1’25 Q1’25 Mining Revenue2 Margin 3.0 2.5 $2.4M 38.5% 2.0 $2.3M $2.4M 1.5 BTC Holdings3 BTC per 1.0 Share4 0.5 148.7 BTC $0.2M $15.5M $3.01 0.0 Q1'22 Q1'23 Q1'24 Apr’24 Q1'25 1 Includes total machines on hand, 560 PH
Slide 4: Q1'25 Operational Highlights
Q1’25 Operational Highlights Q1 2025 • Mined 24.3 BTC for Q1’25 • Achieved 0.56 EH/s energized • Upgraded machine efficiency with LuxOS software installation • Generated $150,000 in power sales back to the grid, offsetting mining expenses Recent Highlights • Beginning 2 MW expansion at Oklahoma site
Slide 5: Q1'25 Financials
Q1’25 Financials Revenue • Total revenue of $2.4M, up 19.4% sequentially with $2.3M of mining revenue up 25.3% sequentially $4.7M Apr ‘24 • Mining margin of 38.5%, up from 31.2% in Q4’24, Halving $2.4M driven from power sales to grid of $150k Q1'24 Q1'25 • Staff costs, payroll, professional costs, S
Slide 6: Balance Sheet
Balance Sheet All amounts as of 3/31/25 $1.0M Cash $13.2M1 BTC Holdings Prepaid Total Current $0.9M expenses and $10.2M other assets Assets Total Current $6.7M Total Debt $1.9M Liabilities 1 Bitcoin holdings of 160.2 BTC valued at $13.2M as of 3/31/25 at a price of $82,600 6
Slide 7: Differentiated Strategy
Differentiated Strategy • 2 MW OK expansion, immersion cooling • Targeting 5 – 20 MW facilities • Curtailment and energy sales • HODL Strategy • BTC Holdings = $15.5M1 1 Bitcoin holdings of 148.7 BTC valued at $15.5M as of 5/13/25 at a price of $104,000 7
Slide 8: Financials
An emerging leader in Bitcoin mining & specialty finance Financials LMFundingIR@orangegroupadvisors.com
Slide 9: Balance Sheet
Balance Sheet March 31, December 31, 2025 2024 (unaudited) Assets Cash $ 1,028,870 $ 3,378,152 Digital assets - current (Note 2) 8,231,963 9,021,927 Finance receivables 21,910 21,051 Marketable securities (Note 5) 18,340 27,050 Receivable from sale of Symbiont assets (Note 5) - 200,000 Prepaid expen
Slide 10: Income Statement
Income Statement Three months ended March 31, 2025 2024 Revenues: Digital mining revenues $ 2,273,940 $ 4,597,908 Specialty finance revenue 67,389 116,628 Rental revenue 30,008 33,068 Total revenues 2,371,337 4,747,604 Operating costs and expenses: Digital mining cost of revenues (exclusive of depre
Slide 11: Cash Flows
Cash Flows Three months ended March 31, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (5,406,999) $ 2,353,838 Adjustments to reconcile net income (loss) to net cash used in operating activities Depreciation and amortization 2,037,578 1,976,196 Noncash lease expense 50,592 26,04
Slide 12: Core EBITDA (Non-GAAP)
Core EBITDA (Non-GAAP) Non-GAAP Financial Measures We also disclose Earnings before Interest, Tax, Depreciation and Amortization ("EBITDA") and Core Earnings before Interest, Tax, Depreciation and Amortization ("Core EBITDA") which adjusts for unrealized loss (gain) on investment and equity securiti
Slide 13: Thank You
An emerging leader in Bitcoin mining & specialty finance Thank You LMFundingIR@orangegroupadvisors.com