Financial leverage has increased significantly, with the debt-to-equity ratio surging to 1.07 in 2026Q1 from 0.18 in 2025Q3 as the equity base continues to contract.
LM Funding America, Inc. (LMFA) balance sheet — 13-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|
| Cash & Short Term Investments | 14.91M | 1.46M | 3.41M | 5.84M | 5.13M | 37.23M | 11.55M | 822.91K | 5.03M | 590.39K | 2.27M | 9M | 2.03M | 764.85K |
| Cash & Due from Banks | 853.79K | 1.42M | 3.38M | 2.4M | 4.24M | 32.56M | 11.55M | 822.91K | 3.52M | 590.39K | 2.27M | 9M | 2.03M | 764.85K |
| Short Term Investments | 43.11K | 37.38K | 27.05K | 3.43M | 892.32K | 4.67M | 0 | 0 | 1.51M | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 43.11K | 62.45K | 232.09K | 3.43M | 892.32K | 4.67M | 168.77K | 2.21M | 2.17M | 977.41K | 1.53M | 0 | 3.52M | 4.75M |
| Investments Growth % | 152.4% | -73.09% | -93.24% | 284.85% | -80.9% | 2667.84% | -92.35% | 1.74% | 121.96% | -36.01% | - | -100% | -25.94% | - |
| Long-Term Investments | 25.07K | 25.07K | 205.04K | 0 | 0 | 0 | 168.77K | 2.21M | 662.05K | 977.41K | 1.53M | 0 | 3.52M | 4.75M |
| Accounts Receivables | 0 | 48.72K | 0 | 0 | 0 | 0 | 0 | 125.05K | 662.05K | 977.41K | 1.53M | 2.25M | 3.47M | 484.99K |
| Goodwill & Intangibles | 6.2M | 16.76M | 5.48M | 0 | 0 | 0 | 0 | 4.04M | 21.95K | 45.21K | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.04M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 6.2M | 16.76M | 5.48M | 0 | 0 | 0 | 0 | 0 | 21.95K | 45.21K | 0 | 0 | 0 | 0 |
| PP&E (Net) | 9.24M | 10.65M | 19.32M | 24.73M | 27.46M | 77.88K | 166.84K | 268.55K | 33.82K | 69.5K | 109.94K | 158.69K | 162.4K | 42.17K |
| Other Assets | 0 | 22.37M | -205.04K | -24.73M | -27.46M | -77.88K | 29.75K | 32.1K | 154.64K | -792.95K | 767.69K | 285.34K | -3.18M | 105.81K |
| Total Current Assets | 11.08M | 1.51M | 3.41M | 0 | 0 | 0 | 11.95M | 1.09M | 5.21M | 1.67M | 4.1M | 11.81M | 6.28M | 1.41M |
| Total Non-Current Assets | 15.43M | 49.81M | 24.79M | 0 | 0 | 0 | 365.36K | 6.55M | 850.51K | 299.18K | 5.91M | 2.61M | 495.81K | 4.9M |
| Total Assets | 37.09M | 51.32M | 44.05M | 37.71M | 53.19M | 62.1M | 12.32M | 7.64M | 6.06M | 1.97M | 10.01M | 14.41M | 6.77M | 6.31M |
| Asset Growth % | 82.89% | 16.5% | 16.8% | -29.1% | -14.35% | 404.2% | 61.21% | 26.09% | 207.86% | -80.35% | -30.52% | 112.87% | 7.35% | - |
| Return on Assets (ROA) | -77.03% | -56.46% | -17.89% | -35.08% | -50.72% | 12.79% | -40.5% | -43.87% | -11.76% | -143.99% | -19.41% | 16.35% | 36.43% | 27.45% |
| Accounts Payable | 0 | 0 | 989.56K | 0 | 0 | 0 | 237.03K | 210.87K | 188.35K | 477.95K | 493.69K | 0 | 0 | 95.61K |
| Total Debt | 411.97K | 20.65M | 7.7M | 763.75K | 746K | 182.69K | 453.69K | 3.8M | 42.88K | 78.06K | 5.16M | 7.53M | 7.43M | 8.25M |
| Net Debt | -441.82K | 19.22M | 4.32M | -1.64M | -3.49M | -32.38M | -11.1M | 2.97M | -3.48M | -512.34K | 2.89M | -1.47M | 5.4M | 7.49M |
| Long-Term Debt | 411.97K | 1.93M | 6.37M | 0 | 0 | 0 | 185.78K | 3.46M | 0 | 39.03K | 5.16M | 7.53M | 7.43M | 8.25M |
| Short-Term Debt | 0 | 18.12M | 557.28K | 677.97K | 566.6K | 182.69K | 96.26K | 69.54K | 42.88K | 39.03K | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.95M | 1.79M | 6.37M | -85.78K | -179.4K | 0 | 158.4K | 797.64K | 19.69K | 10.32K | 112.88K | 524.77K | 65.91K | 20.36K |
| Total Current Liabilities | 19.2M | 18.12M | 1.56M | 0 | 0 | 1.09M | 436.94K | 374.64K | 231.23K | 1.02M | 493.69K | 0 | 344.72K | 458.69K |
| Total Non-Current Liabilities | 2.36M | 4.32M | 13.51M | 0 | 0 | 0 | 412.19K | 4.43M | 19.69K | 49.35K | 5.35M | 8.15M | 7.56M | 8.39M |
| Total Liabilities | 21.56M | 22.44M | 8.7M | 2.85M | 2.39M | 1.09M | 849.12K | 4.81M | 250.92K | 1.07M | 5.85M | 8.15M | 7.9M | 8.85M |
| Total Equity | 15.52M | 28.88M | 35.34M | 34.86M | 50.8M | 61.01M | 11.47M | 2.83M | 5.81M | 896.98K | 4.17M | 6.26M | -1.13M | -2.55M |
| Equity Growth % | -33.9% | -18.29% | 1.38% | -31.37% | -16.74% | 431.99% | 304.54% | -51.19% | 547.58% | -78.49% | -33.44% | 652.82% | 55.49% | - |
| Equity / Assets (Capital Ratio) | 41.86% | 56.27% | 80.24% | 92.44% | 95.5% | 98.24% | 93.11% | 37.1% | 95.86% | 45.57% | 41.63% | 43.46% | -16.73% | -40.36% |
| Return on Equity (ROE) | -131.01% | -83.84% | -20.84% | -37.23% | -52.3% | 13.13% | -56.51% | -69.53% | -14.08% | -340.56% | -45.44% | 67.5% | - | - |
| Book Value per Share | 17.74 | 82.98 | 314.65 | 381.61 | 582.35 | 281.33 | 1060.02 | 111.31 | 728.45 | 333.70 | 1579.34 | 2368.42 | -429.23 | -964.32 |
| Tangible BV per Share | 10.66 | 34.81 | 265.87 | 381.61 | 582.35 | 281.33 | 1060.02 | -47.30 | 725.70 | 316.88 | 1579.34 | 2368.42 | -429.23 | -964.32 |
| Common Stock | 935 | 13.59K | 4.6K | 2.49K | 13.09K | 13.02K | 3.08K | 3.13K | 3.13K | 625 | 3.3K | 3.3K | 0 | 0 |
| Additional Paid-in Capital | 0 | 123.19M | 102.69M | 95.15M | 92.2M | 74.53M | 30M | 17.33M | 17.3M | 11.91M | 6.56M | 6.28M | 0 | 0 |
| Retained Earnings | -107.27M | -92.58M | -65.66M | -58.96M | -43.02M | -13.78M | -18.54M | -14.49M | -11.49M | -11.02M | -2.39M | -20.16K | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying LMFA stock.
As of 2025, LM Funding America, Inc. (LMFA) had total assets of $51.3M including $1.5M in current assets.
LM Funding America, Inc. (LMFA) carries total debt of $20.6M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
LM Funding America, Inc. (LMFA) has total shareholders' equity (book value) of $30.6M ($82.98 book value per share). Book value represents the net worth of the company belonging to common stock holders.
LM Funding America, Inc. (LMFA) reported a current ratio of 0.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Imminent liquidity and insolvency
Metrics are mathematically derived from official filings.
Balance Sheet Erosion Amidst Pivot
As reported in recent financial statements, LMFA's total assets have declined from $60.2M in 2025Q3 to $41.8M in 2026Q1, signaling a contraction in the company's resource base as it attempts to pivot its capital allocation toward high-cost digital asset mining operations.
The consistent decline in total assets alongside a widening deficit in retained earnings suggests that the company is consuming its capital base to fund operational losses. This trajectory indicates that the current business model is failing to generate sufficient returns to replenish the balance sheet, leaving the firm in a weakened state.
Leverage Rising Against Shrinking Equity
According to recent SEC filings, LMFA's debt-to-equity ratio has surged to 1.07 in 2026Q1 from 0.18 in 2025Q3, reflecting a shift toward increased leverage even as the company's underlying equity base continues to erode due to persistent net losses.
The increase in debt levels appears to be a necessity-driven response to cover operating shortfalls rather than a strategic expansion of the business. Investors should monitor whether this reliance on debt will lead to further restrictive covenants or potential insolvency if the mining segment fails to achieve profitability.
Critical Liquidity Thresholds Approaching Rapidly
Based on the provided financial data, the company's current ratio has plummeted to 0.71 in 2026Q1, down from 1.19 in 2025Q3, indicating that LMFA's ability to meet its near-term obligations is increasingly compromised by a dwindling cash position of only $836.2K.
The rapid depletion of cash reserves suggests that the company is operating with an extremely thin buffer against operational shocks. This liquidity profile warrants significant concern, as the firm may lack the necessary runway to sustain its current burn rate without seeking dilutive external financing.
Goodwill and Asset Quality Risks
As indicated by historical balance sheet data, the fluctuation in goodwill, which reached $16.8M in 2025Q4 before dropping to $6.3M in 2026Q1, suggests that the carrying value of intangible assets is highly volatile and potentially subject to future impairment charges.
The volatility in goodwill and the reliance on PPE for mining operations imply that the balance sheet may be overstating the true economic value of the company's assets. If these assets are not generating sufficient cash flow, the risk of significant write-downs remains high, which would further impair the company's equity position.