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MSPR (MSP Recovery) Operating Income : $-537.02 Mil (TTM As of Sep. 2024)


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What is MSP Recovery Operating Income?

MSP Recovery's Operating Income for the three months ended in Sep. 2024 was $-129.87 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 was $-537.02 Mil.

Warning Sign:

MSP Recovery Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. MSP Recovery's Operating Income for the three months ended in Sep. 2024 was $-129.87 Mil. MSP Recovery's Revenue for the three months ended in Sep. 2024 was $3.67 Mil. Therefore, MSP Recovery's Operating Margin % for the quarter that ended in Sep. 2024 was -3,540.65%.

MSP Recovery's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MSP Recovery's annualized ROC % for the quarter that ended in Sep. 2024 was -15.07%. MSP Recovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was -6,486.38%.


MSP Recovery Operating Income Historical Data

The historical data trend for MSP Recovery's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MSP Recovery Operating Income Chart

MSP Recovery Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Income
-3.33 -7.17 -331.48 -559.87

MSP Recovery Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -136.69 -142.02 -130.21 -134.92 -129.87

MSP Recovery Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-537.02 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MSP Recovery  (NAS:MSPR) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MSP Recovery's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-519.484 * ( 1 - 0% )/( (2952.864 + 3939.364)/ 2 )
=-519.484/3446.114
=-15.07 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

MSP Recovery's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-334.924/( ( (5.204 + max(-85.749, 0)) + (5.123 + max(-1157.935, 0)) )/ 2 )
=-334.924/( ( 5.204 + 5.123 )/ 2 )
=-334.924/5.1635
=-6,486.38 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 4.739) - (33.804 + 0 + 56.684)
=-85.749

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.1 + 0 + 1.692) - (43.722 + 0 + 1119.005)
=-1157.935

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

MSP Recovery's Operating Margin % for the quarter that ended in Sep. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=-129.871/3.668
=-3,540.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


MSP Recovery Operating Income Related Terms

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MSP Recovery Business Description

Traded in Other Exchanges
N/A
Address
2701 South Le Jeune Road, 10th Floor, Coral Gables, FL, USA, 33134
MSP Recovery Inc is a healthcare recovery and data analytics company. The business model includes two principal lines of business: Claims Recovery and Chase to Pay Services. It offers an antiquated healthcare reimbursement system with data-driven solutions to secure recoveries against responsible parties. MSP Recovery provides the healthcare industry with comprehensive compliance solutions platform to recover any claims where the law places primary payment responsibility on another payer.
Executives
John Hasan Ruiz director, 10 percent owner, officer: Chief Executive Officer C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809
Cano Health, Inc. 10 percent owner 9725 NW 117TH AVENUE, SUITE 200, MIAMI FL 33178
Frank Carlos Quesada director, 10 percent owner, officer: See Remarks C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809
Ricardo Rivera officer: See Remarks C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809
Nomura Securities International Inc 10 percent owner WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Calvin Hamstra officer: Chief Financial Officer 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809
Alexandra Marie Plasencia officer: General Counsel C/O MSP RECOVERY, 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809
Thomas W Hawkins director GERALD STEVENS INC, PO BOX 350526, FORT LAUDERDALE FL 33335-0526
Ophir Sternberg director, 10 percent owner C/O OPES ACQUISITION CORP., JAVIER BARROS SIERRA 540, OF. 103, MEXICO CITY O5 01210
Michael Frederick Arrigo director 2701 S LE JEUNE ROAD, 10TH FLOOR, CORAL GABLES FL 33134-5809
Nomura Holdings Inc 10 percent owner 1-13-1 NIHONBASHI, CHUO-KU, TOKYO M0 103-8645
Oliver Spv Holdings Llc 10 percent owner 822 OLIVER ST., WOODMERE NY 11598
Boris Hirmas 10 percent owner 4128 NE 2ND AVENUE, MIAMI FL 33137
Jls Equities Llc 10 percent owner 58 LARCH HILL ROAD, LAWRENCE NY 11559
Jessica Wasserstrom 10 percent owner 4128 NE 2ND AVENUE, MIAMI FL 33137

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