MSP Recovery, Inc. (MSPR) Operating Expenses (2020 - 2025)
MSP Recovery (MSPR) recorded Operating Expenses of $123.95 million in Q3 2025, down 7.2% from $133.54 million a year earlier and down 1.1% from the prior quarter.
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Analysis
MSP Recovery, Inc. (MSPR) Operating Expenses (2020 - 2025) Analysis & Trends
On a TTM basis, MSP Recovery's Operating Expenses came in at $1.26 billion as of Sep 30, 2025, up 130.9% year-over-year; for FY2024, it came in at $1.29 billion, up 127.7% from FY2023.
- Annual Operating Expenses has a five-year compound annual growth rate of 1568.4% (FY2019 to FY2024).
- Across earlier years, Operating Expenses came in at $567.58 million in FY2023 (+59.9%), $354.9 million in FY2022, $21.8 million in FY2021 (+26.6%) and $17.22 million in FY2020.
- The Q3 2025 figure is the lowest quarterly Operating Expenses since Q2 2022.
- On a year-over-year basis, Operating Expenses has declined for three consecutive quarters, with growth averaging 61.4% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 521.7% in Q4 2024, against a decline of 56.0% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $125.29 million (Q2 2025), $127.84 million (Q1 2025) and $887.53 million (Q4 2024).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 123.95 Mn |
| Jun 30, 2025 | 125.29 Mn |
| Mar 31, 2025 | 127.84 Mn |
| Dec 31, 2024 | 887.53 Mn |
| Sep 30, 2024 | 133.54 Mn |
| Jun 30, 2024 | 135.26 Mn |
| Mar 31, 2024 | 136.21 Mn |
| Dec 31, 2023 | 142.75 Mn |
| Sep 30, 2023 | 137.13 Mn |
| Jun 30, 2023 | 143.06 Mn |
| Mar 31, 2023 | 144.63 Mn |
| Dec 31, 2022 | 136.91 Mn |
| Sep 30, 2022 | 133.69 Mn |
| Jun 30, 2022 | 72.64 Mn |
| Mar 31, 2022 | 11.66 Mn |
| Dec 31, 2021 | 7.53 Mn |
| Sep 30, 2021 | 5.59 Mn |
| Jun 30, 2021 | 4.87 Mn |
| Mar 31, 2021 | 209,938.00 |
| Dec 31, 2020 | 17.13 Mn |
API Access
MSP Recovery, Inc. Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MSPR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MSPR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MSPR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();