MSP Recovery Inc. (LIFW) Financial Statements (2025 and earlier)

Company Profile

Business Address 3150 SW 38TH AVENUE
MIAMI, FL 33146
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11,633,0003,661,000177,3861,017,137
Cash and cash equivalents11,633,0003,661,000177,3861,017,137
Restricted cash and investments  11,420,000  
Receivables217,0006,195,000  
Prepaid expense   8,611124,766
Other undisclosed current assets10,096,00030,081,000  
Total current assets:21,946,00051,357,000185,9971,141,903
Noncurrent Assets
Operating lease, right-of-use asset342,000   
Property, plant and equipment4,911,0003,432,000  
Intangible assets, net (including goodwill)3,132,796,0003,363,156,000  
Intangible assets, net (excluding goodwill)3,132,796,0003,363,156,000  
Asset, held-in-trust   230,013,074230,011,254
Total noncurrent assets:3,138,049,0003,366,588,000230,013,074230,011,254
TOTAL ASSETS:3,159,995,0003,417,945,000230,199,071231,153,157
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,244,0008,422,0003,985,0371,163,558
Accounts payable6,244,0008,422,000  
Accrued liabilities  3,985,0371,163,558
Derivative instruments and hedges, liabilities37,0009,613,000  
Other liabilities19,314,00072,002,000  
Other undisclosed current liabilities20,911,00025,678,000 5,450
Total current liabilities:46,506,000115,715,0003,985,0371,169,008
Noncurrent Liabilities
Liabilities, other than long-term debt235,000   
Other liabilities    
Operating lease, liability235,000   
Other undisclosed noncurrent liabilities1,694,125,0001,114,958,00014,438,75021,415,500
Total noncurrent liabilities:1,694,360,0001,114,958,00014,438,75021,415,500
Total liabilities:1,740,866,0001,230,673,00018,423,78722,584,508
Temporary equity, carrying amount  1,807,000230,000,000230,000,000
Equity
Equity, attributable to parent, including:272,390,000107,879,000(18,224,716)(21,431,351)
Additional paid in capital357,928,000136,760,000  
Accumulated deficit(85,551,000)(29,203,000)(18,225,356)(21,431,991)
Other undisclosed equity, attributable to parent13,000322,000640640
Equity, attributable to noncontrolling interest1,146,739,0002,077,586,000  
Total equity:1,419,129,0002,185,465,000(18,224,716)(21,431,351)
TOTAL LIABILITIES AND EQUITY:3,159,995,0003,417,945,000230,199,071231,153,157

Income Statement (P&L) (USD)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Operating expenses(567,575,000)(354,898,000)(3,785,303)(1,472,168)
Other undisclosed operating income7,705,00023,420,000  
Operating loss:(559,870,000)(331,478,000)(3,785,303)(1,472,168)
Nonoperating income (expense)9,290,00063,067,0006,991,938(589,601)
Other nonoperating income9,290,00063,067,000  
Interest and debt expense(289,169,000)(121,011,000)  
Income (loss) from continuing operations before equity method investments, income taxes:(839,749,000)(389,422,000)3,206,635(2,061,769)
Other undisclosed income (loss) from continuing operations before income taxes4,604,000(12,483,000)  
Income (loss) from continuing operations before income taxes:(835,145,000)(401,905,000)3,206,635(2,061,769)
Income tax benefit    306,781
Income (loss) from continuing operations:(835,145,000)(401,905,000)3,206,635(1,754,988)
Income (loss) before gain (loss) on sale of properties:3,206,635(1,754,988)
Other undisclosed net loss    (306,781)
Net income (loss):(835,145,000)(401,905,000)3,206,635(2,061,769)
Net income attributable to noncontrolling interest778,797,000394,488,000  
Net income (loss) attributable to parent:(56,348,000)(7,417,000)3,206,635(2,061,769)
Preferred stock dividends and other adjustments    (25,517,456)
Net income (loss) available to common stockholders, diluted:(56,348,000)(7,417,000)3,206,635(27,579,225)

Comprehensive Income (USD)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(835,145,000)(401,905,000)3,206,635(2,061,769)
Comprehensive income (loss):(835,145,000)(401,905,000)3,206,635(2,061,769)
Comprehensive income, net of tax, attributable to noncontrolling interest778,797,000394,488,000  
Comprehensive income (loss), net of tax, attributable to parent:(56,348,000)(7,417,000)3,206,635(2,061,769)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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