POWERCOMPUTE, INC. PWCM
LM Funding America, Inc. ("we", "our", "LMFA", or the "Company") currently maintains three distinct business operations: our Bitcoin treasury operations, Bitcoin mining business and our specialty finance business.
Our investment strategy with respect to our Bitcoin treasury operations involves retaining a majority of our currently held Bitcoin and acquiring new Bitcoin through our mining operations. We may sell or leverage our Bitcoin to support operational needs and strategic initiatives. Our Bitcoin mining operation deploys our computing power to mine Bitcoin on the Bitcoin network. We conduct this business through our wholly owned subsidiary, US Digital, a Florida limited liability company, which we formed in 2021 to develop and operate our Bitcoin mining business.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.8M | $11.0M | $13.0M | $1.7M | $898.9K | $1.3M | $2.4M | $3.4M | $4.4M | $4.9M |
| SG&A | $1.6M | $817.0K | $851.8K | $635.3K | $418.0K | $351.2K | $203.2K | $323.0K | $810.3K | $1.1M |
| Total operating expenses | $31.7M | $17.5M | $23.1M | $26.4M | $9.3M | $5.3M | $5.4M | $3.8M | $7.9M | $8.0M |
| Operating income | -$22.9M | -$6.5M | -$10.1M | -$24.7M | -$8.4M | -$4.1M | -$3.0M | -$412.3K | -$3.5M | -$3.1M |
| Interest expense | $1.1M | $443.7K | — | — | — | $7.2K | $102.8K | $464.8K | $614.1K | $594.6K |
| Pre-tax income | -$27.0M | -$7.7M | -$18.8M | -$26.4M | $5.3M | -$4.1M | -$3.1M | -$472.2K | -$5.2M | -$3.7M |
| Income tax | $0 | $0 | $60.6K | $1.4M | $326.2K | — | — | — | $3.4M | $1.3M |
| Net income | -$27.0M | -$7.7M | -$15.9M | -$29.2M | $4.8M | -$4.0M | -$3.0M | -$472.2K | -$8.6M | -$2.4M |
| EPS, basic | -3.28 | -5.02 | -6.98 | -13.10 | 0.70 | -2.49 | -0.96 | -0.47 | -25.68 | -0.72 |
| EPS, diluted | -3.28 | -5.02 | -6.98 | -13.10 | 0.60 | -2.49 | -0.96 | -0.47 | -25.68 | -0.72 |
| Shares, diluted (wtd. avg.) | 8.7M | 2.8M | 2.3M | 2.2M | 7.9M | 1.6M | 3.1M | 996,710 | 335,997 | 3.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | $32.6M | $11.6M | $1.1M | $3.5M | — | — |
| Short-term investments | $37.4K | $27.1K | $17.9K | $4.3K | $2.1M | — | — | — | — | — |
| Total current assets | $23.5M | $13.5M | $10.2M | $10.5M | $38.5M | $12.1M | $1.8M | $5.9M | — | — |
| Property, plant and equipment | $9.9M | $20.6M | $21.3M | $27.3M | $17.9K | $6.2K | $8.3K | $33.8K | $69.5K | $109.9K |
| Goodwill | — | — | — | — | — | — | $4.0M | — | — | — |
| Other intangibles | $6.3M | $5.5M | $0 | $0 | — | — | — | — | — | — |
| Total assets | $51.3M | $35.1M | $40.6M | $53.2M | $62.1M | $12.3M | $7.6M | $6.1M | $2.0M | $10.0M |
| Accounts payable | $1.7M | $989.6K | $2.1M | $1.6M | $463.6K | $237.0K | $210.9K | $188.4K | — | — |
| Short-term debt | $7.0M | $386.3K | $567.6K | $475.8K | $114.7K | $96.3K | $69.5K | $42.9K | — | — |
| Total current liabilities | $19.9M | $1.6M | $2.8M | $2.2M | $1.1M | $595.3K | $4.1M | $250.9K | — | — |
| Long-term debt | — | — | — | — | — | $185.8K | $517.6K | — | — | — |
| Total liabilities | $22.4M | $8.7M | $2.9M | $2.4M | $1.1M | $849.1K | $4.8M | $250.9K | $1.1M | $5.8M |
| Retained earnings | -$92.6M | -$62.0M | -$56.4M | -$43.0M | -$13.8M | -$18.5M | -$14.5M | -$11.5M | -$11.0M | -$2.4M |
| Total equity | $30.6M | $37.0M | $34.9M | $50.8M | $61.0M | $11.5M | $2.8M | $5.8M | $897.0K | $4.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$14.0M | -$11.9M | -$3.4M | -$9.1M | $2.7M | -$3.5M | -$1.2M | -$758.3K | -$1.8M | -$3.4M |
| Depreciation and amortisation | $8.2M | $7.8M | $5.0M | $478.0K | $1.4K | $11.1K | $63.8K | $68.3K | $95.4K | $27.3K |
| Stock-based compensation | $0 | $76.3K | $1.1M | $1.1M | $219.7K | $125.5K | $8.8K | $24.8K | $29.1K | $275.4K |
| Capital expenditure | $2.2M | $1.7M | $1.6M | $15.4K | $14.4K | $1.3K | $14.0K | — | $8.7K | $268.0K |
| Investing cash flow | -$19.5M | $379.4K | $2.3M | -$18.9M | -$23.2M | $1.5M | -$1.1M | -$1.1M | $891.7K | $347.5K |
| Financing cash flow | $31.6M | $12.5M | -$731.0K | -$299.0K | $41.5M | $12.6M | -$171.8K | $4.8M | -$759.0K | -$3.7M |
| Buybacks | $8.0M | $0 | — | — | — | — | — | $1.9K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-187628.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9M | $4.4M | $3.4M | $2.4M | $1.3M | $898.9K | $1.7M | $13.0M | $11.0M | $8.8M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$2.4M | -$8.6M | -$472.2K | -$3.0M | -$4.0M | $4.8M | -$29.2M | -$15.9M | -$7.7M | -$27.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6199
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AXP | AMERICAN EXPRESS CO | $211.52B | 20.4x | 6.4% |
| MSTR | Strategy Inc | $51.47B | — | 3.0% |
| COIN | Coinbase Global, Inc. | $43.32B | 37.0x | 9.4% |
| SYF | Synchrony Financial | $23.96B | 7.9x | — |
| CRCL | Circle Internet Group, Inc. | $21.32B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $18.88B | 37.5x | 23.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $13.51B | 1.7x | 84.1% |
| CHYM | Chime Financial, Inc. | $11.23B | — | 30.7% |