)

MSP Recovery (MSPR) investor relations material
MSP Recovery Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Reported a net loss of $241.8 million for Q2 2025 and $477.8 million for the six months ended June 30, 2025, reflecting continued substantial losses year-over-year.
Revenue for Q2 2025 was $0.5 million, up 59% from Q2 2024, but six-month revenue fell 78% year-over-year to $1.4 million.
Operating expenses remain high, with claims amortization expense of $118.6 million in Q2 and $237.3 million for the six months, and interest expense rising sharply to $124.7 million in Q2.
The company continues to face significant liquidity challenges, with only $4.0 million in unrestricted cash as of June 30, 2025, and substantial doubt about its ability to continue as a going concern.
The Yorkville SEPA is currently the sole source of liquidity, and the company may be forced to seek bankruptcy protection if additional funding is not secured.
Financial highlights
Q2 2025 net loss attributable to the company was $143.2 million; six-month net loss attributable to the company was $264.8 million.
Revenue for Q2 2025 was $0.5 million, up from $0.3 million in Q2 2024; six-month revenue was $1.4 million, down from $6.3 million year-over-year.
Operating loss for Q2 2025 was $124.8 million, an 8% improvement from Q2 2024; six-month operating loss was $251.8 million, a 5% improvement year-over-year.
Interest expense increased to $124.7 million in Q2 2025, up 22% from Q2 2024; six-month interest expense was $243.5 million, up 22% year-over-year.
Cash used in operations for the six months ended June 30, 2025 was $15.7 million, up from $11.2 million in the prior year period.
Outlook and guidance
Management has concluded that current plans are insufficient to alleviate substantial doubt about the company's ability to continue as a going concern.
The company is seeking additional funding but has no assurance of success; if Yorkville SEPA funding is unavailable, insolvency or bankruptcy may be required.
No formal revenue or earnings guidance provided; future performance is highly dependent on successful claim recoveries and new funding.
Next MSP Recovery earnings date

Next MSP Recovery earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage