MSP Recovery WTS (MSPRZ) Financials
Newest figures come from the filing for Q3 FY2025, filed Nov 19, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MSPRZ SEC filings page.
This page shows MSP Recovery Inc WTS (MSPRZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings.
Financial Health Signals
We do not publish a peer-relative financial health score for MSP Recovery Inc WTS, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
MSP Recovery Inc WTS passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
MSP Recovery Inc WTS reported a net loss of $360.5M while operations used $16.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
MSP Recovery Inc WTS reported an operating loss of $1.3B against $420.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
MSP Recovery Inc WTS's EBITDA was -$123.6M in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
MSP Recovery Inc WTS reported a net loss of $167.8M in Q3 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2025.
Not reported for Q3 2025.
Cash & Balance Sheet
MSP Recovery Inc WTS recorded an outflow of $3.4M in free cash flow in Q3 2025, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
MSP Recovery Inc WTS held $1.8M in cash as of Q3 2025; no long-term debt figure is on record for that period.
Not reported for Q3 2025.
Margins & Returns
None of these metrics is reported for Q3 2025.
Capital Allocation
MSP Recovery Inc WTS reported no capital expenditure in Q3 2025. This represents a decrease of 100.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2025.
Not reported for Q3 2025.
MSPRZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25 | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $4.0M-25.7% | $4.4M-29.8% | $5.3M-4.5% | $5.1M | $5.3M-13.1% | $6.3M-18.9% | $5.6M-18.8% | N/A |
| Operating Income | -$123.8Mn/m | -$124.8Mn/m | -$127.0Mn/m | -$879.3M | -$129.9Mn/m | -$134.9Mn/m | -$130.2Mn/m | N/A |
| EBITDA | -$123.6Mn/m | -$124.6Mn/m | -$126.9Mn/m | N/A | -$129.8Mn/m | -$134.9Mn/m | -$130.1Mn/m | N/A |
| Interest Expense | $130.5M+22.3% | $124.7M+22.3% | $118.8M+21.3% | N/A | $106.7M+20.8% | $102.0M+38.5% | $98.0M+131.1% | N/A |
| Income Tax | $0n/m | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | -$167.8Mn/m | -$143.2Mn/m | -$121.6Mn/m | -$286.6M | -$29.8Mn/m | -$25.1Mn/m | -$18.9Mn/m | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
MSPRZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25 | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B-44.3% | $1.7B-42.5% | $1.8B-40.8% | $1.9B-39.3% | $2.8B-15.1% | $2.9B-14.7% | $3.0B-14.5% | $3.2B-7.5% |
| Current Assets | $4.7M-56.1% | $7.7M-41.0% | $12.7M-34.1% | $15.5M-29.5% | $10.8M-53.4% | $13.1M-58.1% | $19.2M-61.7% | $21.9M-57.3% |
| Cash & Equivalents | $1.8M-61.6% | $4.0M-43.9% | $9.1M-24.2% | $12.3M+6.0% | $4.7M-28.7% | $7.1M+10.6% | $12.0M-44.5% | $11.6M-22.9% |
| Accounts Receivable | $295K-90.5% | $295K | $295K | $295K+35.9% | $3.1M+339.1% | N/A | N/A | $217K-96.5% |
| Total Liabilities | $2.4B+23.5% | $2.3B-14.0% | $2.2B-22.1% | $2.0B-29.1% | $1.9B-35.2% | $2.6B-19.2% | $2.8B-19.1% | $2.9B-12.8% |
| Current Liabilities | $712.2M-40.9% | $562.9M+522.1% | $521.8M+530.5% | $1.3B+2620.8% | $1.2B+2734.7% | $90.5M-15.1% | $82.8M-24.4% | $46.5M-59.8% |
| Non-Current Liabilities | $1.7B+129.2% | $1.7B-32.9% | $1.6B-39.1% | $782.2M-72.5% | $734.9M-75.1% | $2.6B-19.3% | $2.7B-19.0% | $2.8B-11.1% |
| Total Equity | -$563.8M-287.7% | -$207.2M-179.3% | -$60.8M-123.2% | $100.6M-63.1% | $300.3M+5.3% | $261.2M+94.5% | $262.7M+119.7% | $272.4M+152.5% |
| Retained Earnings | -$878.6Mn/m | -$710.8Mn/m | -$567.7Mn/m | -$446.1Mn/m | -$159.4Mn/m | -$129.6Mn/m | -$104.4Mn/m | -$85.6Mn/m |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, Goodwill, Long-Term Debt.
MSPRZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25 | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.4Mn/m | -$8.5Mn/m | -$7.2Mn/m | $1.7Mn/m | -$6.7Mn/m | -$9.0Mn/m | -$2.1Mn/m | -$8.5Mn/m |
| Depreciation & Amortization | $127K+78.9% | $117K+72.1% | $98K+46.3% | N/A | $71K-16.5% | $68K-22.7% | $67K+644.4% | N/A |
| Capital Expenditures | $0-100.0% | $0-100.0% | $163K+279.1% | $364K+260.4% | $18K-93.2% | $100K-85.4% | $43K-93.8% | $101K-91.0% |
| Free Cash Flow | -$3.4Mn/m | -$8.5Mn/m | -$7.4Mn/m | $1.4Mn/m | -$6.7Mn/m | -$9.1Mn/m | -$2.2Mn/m | -$8.6Mn/m |
| Investing Cash Flow | $0n/m | $0n/m | -$163Kn/m | -$364Kn/m | -$2.0Mn/m | -$200K-500.0% | -$143K-101.8% | -$201Kn/m |
| Financing Cash Flow | $1.2M-80.5% | $3.4M-22.5% | $4.1M+56.1% | $6.2M-54.5% | $6.3M-15.7% | $4.4Mn/m | $2.6M-68.7% | $13.7M+3458.6% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
MSPRZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'25Filing | Q2'25Filing | Q1'25 | Q4'24Filing | Q3'24Filing | Q2'24Filing | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | N/A | N/A | -285.0% | -9.9%-3.0pp | -9.6%-3.5pp | -7.2%-3.1pp | N/A |
| Return on Assets | -10.8%-9.7pp | -8.6%-7.7pp | -6.8%-6.1pp | -14.9% | -1.1%-0.5pp | -0.9%-0.6pp | -0.6%-0.5pp | N/A |
| Current Ratio | 0.010.0x | 0.01-0.1x | 0.02-0.2x | 0.01-0.5x | 0.01-0.5x | 0.14-0.1x | 0.23-0.2x | 0.470.0x |
| Liabilities-to-Equity | N/A | N/A | N/A | 20.36+9.8x | 6.46-4.0x | 10.14-14.3x | 10.56-18.1x | 10.60-20.1x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, Asset Turnover, FCF Margin.
Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MSP Recovery Inc WTS MSPRZ | FY2024 | N/A | -$360.5M | N/A | N/A | — |
| Roman DBDR Acquisition Corp. II Warrants DRDBW | FY2025 | N/A | $7.7M | N/A | N/A | — |
| Roman DBDR Acquisition Corp. II DRDB | FY2025 | N/A | $7.7M | N/A | $330.1M | — |
Where MSP Recovery Inc WTS Ranks
Frequently Asked Questions
No, MSP Recovery Inc WTS (MSPRZ) reported a net loss of $719.2M over the trailing 12 months to September 30, 2025. In fiscal year 2024 it reported a net loss of $360.5M.
MSP Recovery Inc WTS (MSPRZ) had EBITDA of -$1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
MSP Recovery Inc WTS (MSPRZ) has a return on equity of -358.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
MSP Recovery Inc WTS (MSPRZ) recorded an outflow of $16.6M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
MSP Recovery Inc WTS (MSPRZ) recorded an outflow of $16.1M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
MSP Recovery Inc WTS (MSPRZ) had $1.9B in total assets as of fiscal year 2024, including both current and long-term assets.
MSP Recovery Inc WTS (MSPRZ) invested $525K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
MSP Recovery Inc WTS (MSPRZ) had a current ratio of 0.01 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
MSP Recovery Inc WTS (MSPRZ) had a liabilities-to-equity ratio of 20.36 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2024, because the filing data we hold for that year carries no long-term debt figure.
MSP Recovery Inc WTS (MSPRZ) had a return on assets of -18.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
MSP Recovery Inc WTS (MSPRZ) has a Piotroski F-Score of 1 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
MSP Recovery Inc WTS (MSPRZ) reported a net loss of $360.5M while operations used $16.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
MSP Recovery Inc WTS (MSPRZ) reported an operating loss of $1.3B against $420.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.