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 | $996.7K | $336.0K | $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.
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