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Net Loss Per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share of Class A common stock:

(In thousands except shares and per share amounts)

Year ended December 31, 2022

 

Numerator - basic and diluted:

 

 

Net loss

$

(401,905

)

Less: Net loss attributable to MSP Recovery, LLC pre Business Combination

 

28,640

 

Less: Net loss attributable to the noncontrolling interest post Business Combination

 

365,848

 

Net loss attributable to common shareholders

$

(7,417

)

Denominator - basic and diluted:

 

 

Weighted-average shares of Class A common stock outstanding - basic

 

61,825,105

 

Effect of dilutive securities:

 

 

Weighted-average shares of Class A common stock outstanding - dilutive

 

61,825,105

 

Earnings per share of Class A common stock - basic

$

(0.12

)

Earnings per share of Class A common stock - diluted

$

(0.12

)