Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data MSP Recovery, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2021
FY2022
FY2023
FY2024
General and administrative
14.1
12.6
24
26.5
22.2
Operating expenses
17.2
21.8
355
568
1,293
Operating income
-3.33
-7.17
-331
-560
-1,274
Interest expense
20.9
27
121
289
420
Interest income
0.01
0.02
Other non-operating income
-0.59
6.99
63.1
9.29
0.54
Pre-tax income
-24.3
-33.1
-402
-835
-1,557
Income tax
0
0
0
0
0
Net income to minority interests
-0.02
0.02
-394
-779
-1,196
Net income
-24.2
-33.1
-7.42
-56.3
-360
EBITDA
-3.09
-6.83
-331
-560
-1,274
EPS, basic
-0.89
-158.02
-359.95
EPS, diluted
-0.89
-158.02
-359.95
Shares, basic (weighted)
6.24
0.36
1
Shares, diluted (weighted)
6.24
0.36
1
Balance sheet
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
1.02
0.18
15.1
11.6
12.3
Receivables
6.2
0.22
0.3
Other current assets
0.12
13.3
27.7
8.91
1.65
Total current assets
1.14
19
51.4
21.9
15.5
Property, plant and equipment
0.75
3.43
4.91
5.16
Lease right-of-use assets
0.34
0.23
Intangible assets
84.2
3,363
3,133
1,898
Total assets
231
104
3,418
3,160
1,919
Accounts payable
1.16
4.61
8.42
6.24
14
Accrued liabilities
1.16
3.99
Total current liabilities
1.17
54.1
116
46.5
1,265
Lease liabilities
0.24
0.1
Other non-current liabilities
3.89
Total liabilities
22.6
255
1,231
1,741
2,047
Paid-in capital
7.06
137
358
547
Retained earnings
-21.4
-18.2
-29.2
-85.6
-446
Shareholders' equity
-21.4
-156
108
272
101
Minority interests
4.35
2,078
1,147
-229
Total equity
-116
-151
2,185
1,419
-128
Total liabilities and equity
231
104
3,418
3,160
1,919
Cash flow statement
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
-24.3
-33.1
-402
-835
-1,557
Depreciation and amortization
0.24
0.34
0.42
0.26
0.28
Stock-based compensation
20.1
0.83
0
Deferred income tax
-0.53
Change in receivables
-6.2
0.54
-0.08
Change in payables
0.27
2.01
-2.29
Cash from operations
-0.01
2.25
-80.6
-40
-16.1
Capital expenditures
-0.33
-0.48
-2.98
-1.74
-0.53
Cash from investing
0.99
-2.01
-5.68
7.56
-2.73
Debt issued
1.09
39
23.5
Stock issued
0.03
0
9.19
0
3.06
Cash from financing
9.61
-10.5
99.7
29
19.5
Net change in cash
10.6
-10.2
13.4
-3.45
0.7
Free cash flow
-0.34
1.77
-83.6
-41.8
-16.6
Interest paid
0.04
0.02
0.04
6.38
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2025; growth uses fiscal years. Valuation uses the share price of $0.00 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-46.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Book value growth, 1y
-63.1%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-39.3%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
164.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
180.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.01x
Current assets / current liabilities.
Quick ratio
0.00x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.00x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
FCF yield
-269,973.0%
Free cash flow / market cap.
Earnings yield
-10,874,161.0%
Net income / market cap (the inverse of P/E).
Was MSP Recovery, Inc. profitable in fiscal 2024?
No. It reported a net loss of $360.5M.
How much free cash flow did MSP Recovery, Inc. generate in fiscal 2024?
Cash from operations of $16.1M minus capital expenditures of $525.0K left free cash flow of -$16.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.