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Side-by-side financial comparison of EQUUS TOTAL RETURN, INC. (EQS) and LM FUNDING AMERICA, INC. (LMFA). Click either name above to swap in a different company.

LM FUNDING AMERICA, INC. is the larger business by last-quarter revenue ($2.4M vs $322.0K, roughly 7.4× EQUUS TOTAL RETURN, INC.). On growth, EQUUS TOTAL RETURN, INC. posted the faster year-over-year revenue change (906.3% vs 19.2%).

EQUUS TOTAL RETURN, INC. is a US-based publicly traded business development company. It offers debt and equity financing to lower middle-market enterprises across diverse sectors, supporting management buyouts, growth capital needs, and recapitalizations, targeting stable risk-adjusted returns for shareholders.

LM Funding America, Inc. is a U.S.-headquartered specialty financial services firm. It primarily acquires, manages, and resolves delinquent real estate property tax liens, serving local government agencies and real estate market stakeholders across multiple U.S. states, with core business focusing on alternative asset investments tied to property tax claims.

EQS vs LMFA — Head-to-Head

Bigger by revenue
LM
LMFA
7.4× larger
LM
$2.4M
$322.0K
EQS
Growing faster (revenue YoY)
EQS
EQS
+887.0% gap
EQS
906.3%
19.2%
LM

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
EQS
EQS
LM
LMFA
Revenue
$322.0K
$2.4M
Net Profit
$-9.6M
Gross Margin
Operating Margin
Net Margin
-2989.8%
Revenue YoY
906.3%
19.2%
Net Profit YoY
-236.0%
EPS (diluted)
$-0.70

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EQS
EQS
LM
LMFA
Q4 25
$2.4M
Q3 25
$2.2M
Q2 25
$1.9M
Q1 25
$2.4M
Q4 24
$2.0M
Q3 24
$322.0K
$1.3M
Q2 24
$319.0K
$3.0M
Q1 24
$4.7M
Net Profit
EQS
EQS
LM
LMFA
Q4 25
Q3 25
$-3.7M
Q2 25
$100.6K
Q1 25
$-5.4M
Q4 24
Q3 24
$-9.6M
$-4.3M
Q2 24
$3.9M
$-5.6M
Q1 24
$1.9M
Operating Margin
EQS
EQS
LM
LMFA
Q4 25
Q3 25
-161.5%
Q2 25
22.0%
Q1 25
-215.1%
Q4 24
Q3 24
-318.6%
Q2 24
-143.2%
Q1 24
21.2%
Net Margin
EQS
EQS
LM
LMFA
Q4 25
Q3 25
-171.2%
Q2 25
5.2%
Q1 25
-227.7%
Q4 24
Q3 24
-2989.8%
-341.2%
Q2 24
1222.6%
-186.2%
Q1 24
40.9%
EPS (diluted)
EQS
EQS
LM
LMFA
Q4 25
Q3 25
$-0.41
Q2 25
$0.02
Q1 25
$-1.05
Q4 24
Q3 24
$-0.70
$-2.25
Q2 24
$0.29
$-2.26
Q1 24
$0.80

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EQS
EQS
LM
LMFA
Cash + ST InvestmentsLiquidity on hand
$1.1M
$37.4K
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$30.6M
Total Assets
$95.5M
$51.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQS
EQS
LM
LMFA
Q4 25
$37.4K
Q3 25
$23.6K
Q2 25
$13.2K
Q1 25
$18.3K
Q4 24
$27.1K
Q3 24
$1.1M
$18.8K
Q2 24
$1.9M
$22.1K
Q1 24
$15.7K
Stockholders' Equity
EQS
EQS
LM
LMFA
Q4 25
$30.6M
Q3 25
$50.1M
Q2 25
$31.9M
Q1 25
$31.7M
Q4 24
$37.0M
Q3 24
$40.2M
$30.2M
Q2 24
$49.8M
$32.5M
Q1 24
$38.5M
Total Assets
EQS
EQS
LM
LMFA
Q4 25
$51.3M
Q3 25
$60.2M
Q2 25
$39.0M
Q1 25
$39.1M
Q4 24
$44.0M
Q3 24
$95.5M
$37.9M
Q2 24
$103.8M
$35.1M
Q1 24
$40.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EQS
EQS
LM
LMFA
Operating Cash FlowLast quarter
$-1.8M
$-14.0M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-684.3%
Capex IntensityCapex / Revenue
93.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQS
EQS
LM
LMFA
Q4 25
$-14.0M
Q3 25
$-3.1M
Q2 25
$-2.8M
Q1 25
$-2.9M
Q4 24
$-11.9M
Q3 24
$-1.8M
$-2.7M
Q2 24
$-2.1M
$-3.0M
Q1 24
$-3.0M
Free Cash Flow
EQS
EQS
LM
LMFA
Q4 25
$-16.2M
Q3 25
$-3.3M
Q2 25
$-3.0M
Q1 25
$-3.1M
Q4 24
$-13.7M
Q3 24
$-2.7M
Q2 24
$-4.2M
Q1 24
FCF Margin
EQS
EQS
LM
LMFA
Q4 25
-684.3%
Q3 25
-152.1%
Q2 25
-156.7%
Q1 25
-129.4%
Q4 24
-689.0%
Q3 24
-215.3%
Q2 24
-140.9%
Q1 24
Capex Intensity
EQS
EQS
LM
LMFA
Q4 25
93.2%
Q3 25
11.9%
Q2 25
10.7%
Q1 25
7.2%
Q4 24
87.3%
Q3 24
0.1%
Q2 24
40.7%
Q1 24
0.0%
Cash Conversion
EQS
EQS
LM
LMFA
Q4 25
Q3 25
Q2 25
-27.99×
Q1 25
Q4 24
Q3 24
Q2 24
-0.55×
Q1 24
-1.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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