MSP Recovery, Inc. | 10-Q: FY2025 Q3 Revenue: USD 198 K

Revenue: As of FY2025 Q3, the actual value is USD 198 K.

EPS: As of FY2025 Q3, the actual value is USD -132.71.

EBIT: As of FY2025 Q3, the actual value is USD 6.717 M.

Segment Revenue

• Claims Recovery Income: $198 thousand for the three months ended September 30, 2025, compared to $3,577 thousand for the same period in the prior year, driven by decreased settlements during the period.

Operational Metrics

• Operating Loss: - $123,753 thousand for the three months ended September 30, 2025, compared to - $129,871 thousand for the same period in the prior year, reflecting a decrease of $6,118 thousand or 5%.
• Net Loss: - $245,462 thousand for the three months ended September 30, 2025, compared to - $190,384 thousand for the same period in the prior year, reflecting an increase of $55,078 thousand or 29%.

Cash Flow

• Net Cash Used in Operating Activities: - $19,059 thousand for the nine months ended September 30, 2025, compared to - $17,851 thousand for the same period in the prior year.
• Net Cash Used in Investing Activities: - $163 thousand for the nine months ended September 30, 2025, compared to - $2,361 thousand for the same period in the prior year.
• Net Cash Provided by Financing Activities: $8,715 thousand for the nine months ended September 30, 2025, compared to $13,325 thousand for the same period in the prior year.

Unique Metrics

• Paid Value of Potentially Recoverable Claims: $87.8 billion as of September 30, 2025.
• Billed Value of Potentially Recoverable Claims: $375.5 billion as of September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on expanding its portfolio of assigned claims and enhancing its data analytics capabilities to improve recovery rates. The company is also working on implementing the Chase to Pay platform to improve payment accuracy and reduce legal costs.
• Non-Core Business: The company is exploring potential first lien secured delayed draw term loan facility in an aggregate principal amount of up to $55.0 million, which includes Tranche A Loans of up to $10.0 million and Tranche B Loan of up to $45.0 million.

Priority

• The company is prioritizing the Yorkville SEPA as its sole source of liquidity to meet short-term obligations, with plans to file additional registration statements to register the resale of shares.