LIFW · Msp Recovery, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.96M | $4.39M | $5.32M | - | $5.33M | $6.25M | $5.57M | - | $6.13M | $7.71M |
| Total Operating Expenses | $123.95M | $125.29M | $127.84M | - | $133.54M | $135.26M | $136.21M | - | $137.13M | $143.06M |
| D&A | $127.0K | $117.0K | $98.0K | - | $71.0K | $68.0K | $67.0K | - | $85.0K | $88.0K |
| Operating Income | ($123.75M) | ($124.75M) | ($127.00M) | - | ($129.87M) | ($134.92M) | ($130.21M) | - | ($136.69M) | ($140.52M) |
| Interest Expense | $130.47M | $124.75M | $118.78M | - | $106.65M | $101.99M | $97.95M | - | $88.28M | $73.62M |
| Income Tax | $0 | - | - | - | - | - | - | - | - | - |
| Net Income | ($167.81M) | ($143.18M) | ($121.60M) | - | ($29.85M) | ($25.14M) | ($18.88M) | - | ($19.75M) | ($8.22M) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.82M | $3.99M | $9.07M | $12.33M | $4.75M | $7.11M | $11.97M | $11.63M | $6.66M | $6.43M |
| Accounts Receivable | $295.0K | $295.0K | $295.0K | $295.0K | $3.10M | - | - | $217.0K | $706.0K | $4.61M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $12.13M | $11.19M | $14.35M | $13.97M | $10.77M | $13.05M | $11.51M | $6.24M | $6.64M | $7.26M |
| Current Assets | $4.72M | $7.73M | $12.68M | $15.47M | $10.76M | $13.09M | $19.23M | $21.95M | $23.07M | $31.23M |
| Total Assets | $1.55B | $1.67B | $1.80B | $1.92B | $2.79B | $2.91B | $3.04B | $3.16B | $3.28B | $3.41B |
| Current Liabilities | $712.22M | $562.94M | $521.83M | $1.27B | $1.21B | $90.49M | $82.77M | $46.51M | $42.54M | $106.62M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.40B | $2.28B | $2.16B | $2.05B | $1.94B | $1.88B | $1.79B | $1.74B | $1.64B | $1.61B |
| Stockholders' Equity | ($563.84M) | ($207.16M) | ($60.82M) | $100.58M | $300.35M | $261.20M | $262.66M | $272.39M | $285.30M | $134.32M |
| Retained Earnings | ($878.63M) | ($710.83M) | ($567.65M) | ($446.05M) | ($159.42M) | ($129.57M) | ($104.43M) | ($85.55M) | ($62.09M) | ($42.34M) |
Cash Flow
| Line item | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($7.19M) | - | - | - | ($2.15M) | - | - | - |
| Investing Cash Flow | - | - | ($163.0K) | - | - | - | ($143.0K) | - | - | - |
| Financing Cash Flow | - | - | $4.10M | - | - | - | $2.63M | - | - | - |
| CapEx | - | - | $163.0K | - | - | - | $43.0K | - | - | - |
| Free Cash Flow | - | - | ($7.36M) | - | - | - | ($2.19M) | - | - | - |
Ratios
| Metric | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 0.06 | - | - | - | 0.12 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -10.8% | -8.6% | -6.8% | - | -1.1% | -0.9% | -0.6% | - | -0.6% | -0.2% |
| Return on equity | 29.8% | 69.1% | 199.9% | - | -9.9% | -9.6% | -7.2% | - | -6.9% | -6.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.14 | 0.23 | 0.47 | 0.54 | 0.29 |
| Quick ratio | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.14 | 0.23 | 0.47 | 0.54 | 0.29 |
| Cash ratio | 0.00 | 0.01 | 0.02 | 0.01 | 0.00 | 0.08 | 0.14 | 0.25 | 0.16 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.9x | -1.0x | -1.1x | - | -1.2x | -1.3x | -1.3x | - | -1.5x | -1.9x |
| Equity multiplier | -2.75 | -8.08 | -29.56 | 19.08 | 9.28 | 11.14 | 11.56 | 11.60 | 11.50 | 25.39 |
| Liabilities / Assets | 1.54 | 1.36 | 1.20 | 1.07 | 0.70 | 0.64 | 0.59 | 0.55 | 0.50 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 4.7% | 7.5% | 2.5% | - | 5.0% | 4.0% | 7.4% | - | -71.3% | -169.4% |
| Net income growth (YoY) | -462.2% | -469.6% | -544.0% | - | -51.1% | -205.8% | -284.1% | - | -4166.7% | -538.2% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -236.2% | - | - | - | 78.4% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | -63.1% | 5.3% | 94.5% | 119.7% | 152.5% | 59.9% | -18.4% |
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing MSP Recovery against the 5 most active filers in the same SIC group.