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Side-by-side financial comparison of Chicago Atlantic BDC, Inc. (LIEN) and LM FUNDING AMERICA, INC. (LMFA). Click either name above to swap in a different company.
Chicago Atlantic BDC, Inc. is the larger business by last-quarter revenue ($2.5M vs $2.4M, roughly 1.1× LM FUNDING AMERICA, INC.). On growth, LM FUNDING AMERICA, INC. posted the faster year-over-year revenue change (19.2% vs -8.0%).
Chicago Atlantic BDC, Inc. is a publicly traded business development company that provides structured debt financing and select minority equity investments to small and mid-sized private companies across core U.S. sectors including healthcare, business services and industrial goods. It targets firms with stable operational track records to generate consistent risk-adjusted returns for its 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.
LIEN vs LMFA — Head-to-Head
Income Statement — Q3 FY2024 vs Q4 FY2025
| Metric | | LM LMFA |
|---|---|---|
| Revenue | $2.5M | $2.4M |
| Net Profit | $-165.0K | — |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -6.5% | — |
| Revenue YoY | -8.0% | 19.2% |
| Net Profit YoY | 93.8% | — |
| EPS (diluted) | $-0.03 | — |
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.
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $2.0M | ||
| Q3 24 | $2.5M | $1.3M | ||
| Q2 24 | $2.6M | $3.0M | ||
| Q1 24 | $2.6M | $4.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-3.7M | ||
| Q2 25 | — | $100.6K | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-165.0K | $-4.3M | ||
| Q2 24 | $1.3M | $-5.6M | ||
| Q1 24 | $-1.0M | $1.9M |
| 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% |
| Q4 25 | — | — | ||
| Q3 25 | — | -171.2% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | -227.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.5% | -341.2% | ||
| Q2 24 | 50.1% | -186.2% | ||
| Q1 24 | -40.0% | 40.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.41 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $-1.05 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.03 | $-2.25 | ||
| Q2 24 | $0.21 | $-2.26 | ||
| Q1 24 | $0.08 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | LM LMFA |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $30.1M | $37.4K |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $82.5M | $30.6M |
| Total Assets | $89.3M | $51.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $37.4K | ||
| Q3 25 | — | $23.6K | ||
| Q2 25 | — | $13.2K | ||
| Q1 25 | — | $18.3K | ||
| Q4 24 | — | $27.1K | ||
| Q3 24 | $30.1M | $18.8K | ||
| Q2 24 | $34.0M | $22.1K | ||
| Q1 24 | $33.2M | $15.7K |
| Q4 25 | — | $30.6M | ||
| Q3 25 | — | $50.1M | ||
| Q2 25 | — | $31.9M | ||
| Q1 25 | — | $31.7M | ||
| Q4 24 | — | $37.0M | ||
| Q3 24 | $82.5M | $30.2M | ||
| Q2 24 | $84.3M | $32.5M | ||
| Q1 24 | $84.5M | $38.5M |
| Q4 25 | — | $51.3M | ||
| Q3 25 | — | $60.2M | ||
| Q2 25 | — | $39.0M | ||
| Q1 25 | — | $39.1M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | $89.3M | $37.9M | ||
| Q2 24 | $90.1M | $35.1M | ||
| Q1 24 | $90.4M | $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 | | LM LMFA |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.3M | $-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.
| Q4 25 | — | $-14.0M | ||
| Q3 25 | — | $-3.1M | ||
| Q2 25 | — | $-2.8M | ||
| Q1 25 | — | $-2.9M | ||
| Q4 24 | — | $-11.9M | ||
| Q3 24 | $-2.3M | $-2.7M | ||
| Q2 24 | $2.5M | $-3.0M | ||
| Q1 24 | $2.1M | $-3.0M |
| 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 | — | — |
| 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 | — | — |
| 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% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -27.99× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.92× | — | ||
| Q1 24 | — | -1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
