MSP Recovery, Inc. Financial Summary

Complete Filing Data

MSP Recovery, Inc. reported Net Income Loss of -$360.50 million for FY2024.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean MSP Recovery, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Net Income *-$360.5M-$56.3M-$7.4M-$33.1M-$24.2M-$1.0K
Operating Income Loss-$1.27B-$559.9M-$331.5M-$7.2M-$3.3M-$1.0K
Operating Expenses$1.29B$567.6M$354.9M$21.8M$17.2M
Interest Expense$420.0M$289.2M$121.0M$27.0M$20.9M
Cost Of Claim Recoveries$9.6M$2.1M$2.1M$26.0K$47.0K
Net Income Loss Attributable To Noncontrolling Interest-$1.20B-$778.8M-$394.5M$16.0K-$18.0K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$1.56B-$835.1M-$401.9M-$33.1M-$24.3M
Other Nonoperating Income Expense$542.0K$9.3M$63.1M$1.1M-$51.0K
General And Administrative Expense$22.2M$26.5M$24.0M$12.6M$14.1M
Nonoperating Income Expense$7.0M-$589.6K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020
Net Income *-$167.8M-$143.2M-$121.6M-$29.8M-$25.1M-$18.9M-$19.8M-$8.2M-$4.9M-$2.1M-$1.9M-$13.9M-$10.3M-$7.3M$4.6M-$453.1K$0.00$0.00
Operating Income Loss-$123.8M-$124.8M-$127.0M-$129.9M-$134.9M-$130.2M-$136.7M-$140.5M-$140.6M-$125.2M-$67.3M-$3.5M-$3.1M-$1.5M-$209.9K-$88.9K
Operating Expenses$124.0M$125.3M$127.8M$133.5M$135.3M$136.2M$137.1M$143.1M$144.6M$133.7M$72.6M$11.7M$5.6M$4.9M$209.9K$88.9K
Interest Expense$130.5M$124.7M$118.8M$106.7M$102.0M$98.0M$88.3M$73.6M$42.4M$46.2M$24.4M$10.4M$7.0M$6.7M
Cost Of Claim Recoveries$251.0K$18.0K$807.0K$1.7M$109.0K$1.7M$574.0K$377.0K$1.0M$1.2M$702.0K$7.0K$15.0K
Net Income Loss Attributable To Noncontrolling Interest-$77.7M-$98.6M-$114.4M-$160.5M-$186.7M-$157.7M-$204.5M-$202.6M-$169.2M-$103.5M-$104.1M$16.0K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$245.5M-$241.8M-$236.0M-$190.4M-$211.8M-$176.6M-$224.2M-$210.8M-$174.1M-$105.6M-$106.0M-$13.9M-$10.3M-$7.3M$4.6M
Other Nonoperating Income Expense-$15.2M$195.0K-$175.0K$799.0K$89.0K$252.0K$408.0K$1.7M$6.6M$63.1M$39.0K-$2.0K-$169.0K$899.0K
General And Administrative Expense$4.0M$4.4M$5.3M$5.3M$6.3M$5.6M$6.1M$7.7M$6.9M$6.6M$6.0M$4.4M$2.9M$2.7M
Nonoperating Income Expense$717.9K$1.1M-$2.7M$4.9M-$364.2K

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Stockholders Equity *$272.4M$107.9M-$155.8M-$115.8M-$1.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$15.1M$1.7M$11.9M$1.3M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$695.0K-$3.4M$13.4M-$10.2M$10.6M
Liabilities And Stockholders Equity$3.16B$3.42B$104.0M$231.2M$26.2K
Assets$3.16B$3.42B$104.0M$231.2M$26.2K
Assets Current$21.9M$51.4M$19.0M$1.1M
Retained Earnings Accumulated Deficit-$85.6M-$29.2M-$21.4M-$1.0K
Liabilities Current$46.5M$115.7M$54.1M$1.2M$27.2K
Cash$1.0M
Liabilities$1.74B$1.23B$255.4M$22.6M$27.2K
Increase Decease In Affiliates Receivable$17.0K-$1.2M-$1.6M-$801.0K$3.3M
Change In Fair Value Of Warrant And Derivative Liabilities-$136.9M-$4.6M$12.5M
Intangible Assets Net Excluding Goodwill$3.13B$3.36B$84.2M
Minority Interest$1.15B$2.08B$4.3M
Property Plant And Equipment Net$4.9M$3.4M$750.0K
Prepaid Expense And Other Assets Current$8.9M$27.7M$13.3M
Other Liabilities Current$19.3M$72.0M$3.5M
Commission Payable$821.0K$545.0K$465.0K
Claims Financing Obligation Notes Payable$548.3M$198.5M$106.8M
Affiliate Receivable$1.2M$2.4M$4.1M
Affiliate Payable$19.8M$19.8M$45.3M
Accounts Payable Current$6.2M$8.4M$4.6M
Increase Decease In Affiliates Payable-$1.8M$0.00$25.4M-$6.2M-$5.7M
Temporary Equity Carrying Amount Attributable To Parent$1.8M$230.0M
Accounts Receivable Net Current$217.0K$6.2M
Payment Of Professional Fees Through Issuance Of Class A Common Stock$2.1M$4.7M$1.6M
Warrant Liability Current$268.0K$5.3M
Derivative Liabilities Current$37.0K$9.6M
Interest Payable Current And Noncurrent$73.8M$2.8M$94.5M
Intangible Assets Financed By Note Payable$0.00$250.0M$83.8M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020Q1 2020Q4 2019
Stockholders Equity *-$563.8M-$207.2M-$60.8M$100.6M$300.3M$261.2M$262.7M$1.42B$285.3M$134.3M$119.5M$109.6M$103.4M-$20.1M-$20.7M-$21.5M-$16.8M-$21.4M-$19.8M$24.0K$24.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$1.8M$4.0M$9.1M$12.3M$4.7M$7.1M$12.0M$11.6M$6.7M$6.4M$21.6M$25.7M$36.5M$1.8M$1.4M$1.8M$806.1K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$3.3M$340.0K$6.5M$126.0K-$211.0K$28.4K
Liabilities And Stockholders Equity$1.55B$1.67B$1.80B$1.92B$2.79B$2.91B$3.04B$3.28B$3.41B$3.55B$3.54B$3.61B$121.4M$230.4M$230.7M$231.0M$231.4M$143.9K
Assets$1.55B$1.67B$1.80B$1.92B$2.79B$2.91B$3.04B$3.28B$3.41B$3.55B$3.54B$3.61B$121.4M$230.4M$230.7M$231.0M$231.4M$143.9K
Assets Current$4.7M$7.7M$12.7M$15.5M$10.8M$13.1M$19.2M$23.1M$31.2M$50.2M$67.8M$76.4M$39.1K$402.0K$665.1K$954.9K$1.4M$0.00
Retained Earnings Accumulated Deficit-$878.6M-$710.8M-$567.7M-$446.1M-$159.4M-$129.6M-$104.4M-$62.1M-$42.3M-$34.1M-$25.7M-$23.7M-$20.1M-$18.2M-$20.7M-$2.1M$2.6M-$83.2K-$1.0K
Liabilities Current$712.2M$562.9M$521.8M$1.27B$1.21B$90.5M$82.8M$42.5M$106.6M$109.4M$883.0M$799.7M$6.5M$2.9M$2.8M$1.2M$76.3K$119.9K
Cash
Liabilities$2.40B$2.28B$2.16B$2.05B$1.94B$1.88B$1.79B$1.64B$1.61B$1.54B$1.18B$1.15B$20.2M$21.1M$22.1M$17.7M$8.1M
Increase Decease In Affiliates Receivable$49.0K$54.0K-$2.1M$83.0K
Change In Fair Value Of Warrant And Derivative Liabilities-$24.0M-$7.5M-$9.9M-$45.3M-$25.0M-$51.3M-$348.0K-$1.6M-$2.3M-$2.7M$14.4M
Intangible Assets Net Excluding Goodwill$1.54B$1.66B$1.78B$1.90B$2.77B$2.89B$3.01B$3.25B$3.37B$3.50B$3.47B$3.54B
Minority Interest-$280.5M-$396.9M-$301.7M-$229.0M$546.6M$772.8M$980.8M$1.36B$1.67B$1.89B$2.25B$2.36B
Property Plant And Equipment Net$5.0M$5.1M$5.2M$5.2M$4.9M$4.9M$4.9M$4.9M$4.7M$4.1M$2.5M$950.0K
Prepaid Expense And Other Assets Current$1.3M$2.2M$2.1M$1.6M$1.7M$4.7M$6.0M$14.9M$19.4M$23.7M$32.7M$36.9M
Other Liabilities Current$32.7M$16.9M$15.9M$14.8M$14.8M$15.6M$17.0M$14.6M$77.7M$80.6M$62.6M$11.1M
Commission Payable$1.1M$1.1M$1.4M$1.3M$1.2M$930.0K$924.0K$829.0K$802.0K$735.0K$540.0K$476.0K
Claims Financing Obligation Notes Payable$248.9M$247.0M$241.6M$633.0M$588.5M$602.6M$575.0M$513.5M$485.1M$466.7M$170.8M$111.4M
Affiliate Receivable$1.3M$1.3M$1.3M$1.2M$1.2M$1.2M$1.2M$831.0K$832.0K$330.0K$1.8M$2.1M
Affiliate Payable$21.0M$21.1M$21.6M$21.7M$20.6M$19.8M$19.8M$19.8M$19.8M$19.9M$19.8M$20.2M
Accounts Payable Current$12.1M$11.2M$14.3M$14.0M$10.8M$13.1M$11.5M$6.6M$7.3M$5.5M$32.5M$29.6M
Increase Decease In Affiliates Payable$36.0K-$39.0K-$3.0M
Temporary Equity Carrying Amount Attributable To Parent$1.4M$2.4M$121.3M$230.0M$230.0M$203.5M$208.2M$218.3M$0.00
Accounts Receivable Net Current$295.0K$295.0K$295.0K$295.0K$3.1M$706.0K$4.6M$4.5M$7.7M$918.0K
Payment Of Professional Fees Through Issuance Of Class A Common Stock$563.0K$469.0K
Warrant Liability Current$3.1M$27.1M$12.5M$22.4M$27.0M$41.0M$33.3M$662.0K$1.0M$2.7M$4.7M$9.7M
Derivative Liabilities Current$79.0K$104.0K$131.0K$211.0K$110.0K$128.0K$190.0K$10.1M$9.0M
Interest Payable Current And Noncurrent$51.0M$22.5M$4.5M$1.5M$111.3M
Intangible Assets Financed By Note Payable$250.0M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Net Cash Provided By Used In Financing Activities$19.5M$29.0M$99.7M-$10.5M$9.6M
Net Cash Provided By Used In Operating Activities-$16.1M-$40.0M-$80.6M$2.2M-$14.0K
Net Cash Provided By Used In Investing Activities-$2.7M$7.6M-$5.7M-$2.0M$986.0K
Payments To Acquire Property Plant And Equipment$525.0K$1.7M$3.0M$481.0K$330.0K
Increase Decrease In Prepaid Deferred Expense And Other Assets-$7.3M-$19.0M$27.6M-$1.0K$9.0K
Depreciation Depletion And Amortization$277.0K$263.0K$424.0K$343.0K$235.0K
Payments To Acquire Intangible Assets$2.2M$700.0K$2.7M$150.0K
Proceeds From Related Party Debt$0.00$5.0M$125.8M$0.00$140.7K
Proceeds From Issuance Of Common Stock$3.1M$0.00$9.2M$0.00$25.0K
Increase Decrease In Accounts Payable And Accrued Liabilities-$2.3M$2.0M$268.0K
Increase Decrease In Accounts Receivable$78.0K-$542.0K$6.2M
Increase Decrease In Accounts Payable Commission Payable And Accrued Liabilities$10.1M$13.5M-$2.2M$2.0M
Increase Decrease In Prepaid Expense-$116.2K$124.8K$0.00
Share Based Compensation$0.00$830.0K$20.1M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023Q1 2022Q1 2021Q1 2020
Net Cash Provided By Used In Financing Activities$4.1M$2.6M$8.4M-$925.0K$28.4K
Net Cash Provided By Used In Operating Activities-$7.2M-$2.1M-$10.0M$3.2M-$224.4K
Net Cash Provided By Used In Investing Activities-$163.0K-$143.0K$8.1M-$2.1M$13.4K
Payments To Acquire Property Plant And Equipment$163.0K$43.0K$693.0K$133.0K
Increase Decrease In Prepaid Deferred Expense And Other Assets$410.0K-$2.9M-$4.0M$194.0K
Depreciation Depletion And Amortization$98.0K$67.0K$9.0K$79.0K
Payments To Acquire Intangible Assets$100.0K$1.2M$2.0M
Proceeds From Related Party Debt$5.0M$750.0K$73.2K
Proceeds From Issuance Of Common Stock$679.0K$25.0K
Increase Decrease In Accounts Payable And Accrued Liabilities$7.9M$1.4M$9.6K
Increase Decrease In Accounts Receivable-$217.0K$3.3M
Increase Decrease In Accounts Payable Commission Payable And Accrued Liabilities$917.0K$3.5M$8.1M
Increase Decrease In Prepaid Expense-$8.6K$24.0K
Share Based Compensation

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Diluted EPS *-$359.95-$158.02-$0.25$0.00
Temporary Equity Shares Outstanding0.0045.2K23.0M23.0M0.00
Preferred Stock Shares Authorized1.0M1.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00
Preferred Stock Shares Outstanding0.000.00
Preferred Stock Shares Issued0.000.00
Earnings Per Share Basic$-359.95$-158.02

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020
Diluted EPS *-$0.01$0.00
Temporary Equity Shares Outstanding0.000.000.001.1M1.1M
Preferred Stock Shares Authorized1.0M1.0M1.0M1.0M1.0M1.0M1.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Preferred Stock Shares Outstanding0.000.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.000.00
Earnings Per Share Basic

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2024FY2023FY2022FY2021FY2020FY2019
Total Claims Recovery$18.2M$7.7M$23.4M$14.6M$13.9M
Professional Fees$14.1M$22.8M$18.5M$8.5M$2.2M
Claims Recovery Income$18.1M$7.2M$4.9M$126.0K$255.0K
Fair Value Adjustment Of Warrants-$137.1M$0.00$2.9M-$7.0M-$236.5K
Depreciation And Amortization$277.0K$263.0K$424.0K$343.0K$235.0K
Claims Amortization Expense$484.1M$476.5M$266.9M$164.0K$125.0K
Stock Issued During Period Value New Issues$9.3M$68.6M$24.1M$25.0K
Legal Fees$9.5M$34.4M$43.0M$128.0K$468.0K
Claims Recovery Service Income$498.0K$18.5M$14.5M$13.6M
Paid In Kind Interest$278.8M$214.4M$145.3M$27.0M$20.8M
Additional Paid In Capital$357.9M$137.1M
Stock Issued During Period Value Conversion Of Warrants$258.0K$10.1M
Partners Capital Account Contributions$15.0K$227.0K$8.5M
Partners Capital Account Distributions$147.0K$2.7M
Change In Fair Value Of Derivatives$161.0K$181.0K$9.6M
Interest Paid Net$6.4M$37.0K$23.0K$43.0K
Operating Costs And Expenses$3.8M$1.5M$1.0K
Investment Income Interest$15.2K$11.3K
Guaranty Obligation Noncurrent$941.3M$787.9M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q1 2020
Total Claims Recovery$198.0K$536.0K$837.0K$3.7M$337.0K$6.0M$440.0K$2.5M$4.0M$8.5M$5.3M$8.2M$2.5M$3.4M
Professional Fees$976.0K$2.1M$2.5M$3.2M$4.4M$4.4M$2.5M$3.4M$9.7M$5.9M$3.1M$1.9M$2.5M$2.0M
Claims Recovery Income$198.0K$536.0K$830.0K$3.6M$301.0K$6.0M$440.0K$2.5M$3.5M$2.8M$1.4M$109.0K$48.0K
Fair Value Adjustment Of Warrants$0.00$0.00-$9.9M$0.00$0.00$0.00$0.00$0.00-$2.4M-$709.5K-$1.1M$2.7M-$4.8M-$466.5K
Depreciation And Amortization$127.0K$117.0K$98.0K$71.0K$68.0K$67.0K$85.0K$88.0K$9.0K$103.0K$72.0K$79.0K$89.0K$135.0K
Claims Amortization Expense$118.6M$118.6M$118.6M$121.0M$121.0M$121.0M$121.0M$121.0M$113.5M$111.9M$39.0M$2.7M$47.0K$36.0K
Stock Issued During Period Value New Issues$5.1M$249.0K$1.9M$3.4M$2.4M$970.0K$64.4M$718.0K$2.1M-$5.0M-$23.2M$25.0K
Legal Fees$0.00$0.00$450.0K$2.2M$3.5M$3.5M$6.9M$10.5M$8.6M$8.0M$23.8M$2.5M$26.0K$8.0K
Claims Recovery Service Income$498.0K$5.7M$4.0M$8.1M$2.4M$3.4M
Paid In Kind Interest$79.0M$65.2M$41.9M$10.4M
Additional Paid In Capital$314.8M$503.7M$506.8M$546.6M$459.7M$390.8M$367.1M$347.4M$176.3M$153.3M$135.3M$126.8M$7.1M$2.4M$7.1M
Stock Issued During Period Value Conversion Of Warrants$3.0K$53.0K$166.0K$648.0K$1.6M
Partners Capital Account Contributions$15.0K$1.0K
Partners Capital Account Distributions$45.0K$102.0K$2.1M$259.0K
Change In Fair Value Of Derivatives-$80.0K$153.0K-$158.0K
Interest Paid Net$125.0K$379.0K$23.0K
Operating Costs And Expenses$1.8M$350.0K$1.9M$209.9K$88.9K
Investment Income Interest$8.4K$3.5K$3.4K$3.4K$6.6K
Guaranty Obligation Noncurrent$1.29B$1.23B$1.18B$1.03B$984.5M$900.5M$862.2M$825.0M

Most recent annual filing with the SEC: April 16, 2025

Data sourced from SEC EDGAR public filings as of August 7, 2026.