MSPR MSP Recovery, Inc.

Overview and Growth

MSP Recovery, Inc. recorded fiscal 2024 net loss of $360.50M. Diluted earnings per share were -$359.95, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 1.00M; this is the reported share base over which the company’s diluted per-share earnings were spread. Diluted shares moved 180.9% from 356.59K in fiscal 2023, leaving the current share base higher year over year. Total assets stood at $1.92B, showing the scale of resources supporting revenue, earnings, liquidity, and financing.

Profitability

The company recorded an operating loss of $1.27B after the reported operating expense base. The bottom-line result was a net loss of $360.50M after operating, financing, tax, and other recognized items. The company reported negative EBITDA of $1.27B, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The pretax result was a loss of $1.56B, establishing the deficit before tax effects. The reported income-tax provision was $0.00, the amount recognized between pretax income and the final net-income result. Relative to total assets, the net loss represented 18.8%. The net loss widened to $360.50M from $56.35M in fiscal 2023.

Liquidity and Capital Structure

Total assets were $1.92B, supported by $2.05B of liabilities and -$128.41M of shareholder equity. With total equity at -$128.41M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. At period end, current assets of $15.47M compared with current liabilities of $1.27B, defining the company’s short-term resource position. At 0.01x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $12.33M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 1.0%, excluding receivables and other current assets. Equity equaled -6.7% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 106.7%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 0.6% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 39.3% lower than fiscal 2023 assets of $3.16B, measuring the company’s own balance-sheet change. Book equity was 109.0% lower than fiscal 2023 equity of $1.42B, showing how shareholder capital changed year over year. Cash and equivalents were 6.0% higher than fiscal 2023 cash of $11.63M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities used $16.12M of cash, resulting in an operating cash outflow for the year. Capital spending of $525.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. Negative free cash flow was $16.65M, leaving a cash deficit after capital spending and reducing financial flexibility. The cash deficit after capital spending represented 0.9% of the period-end asset base. The operating cash outflow narrowed to $16.12M from $40.02M in fiscal 2023.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Sep 24, 2026.