Three Months Ended June 30,

Six Months Ended June 30,

(In thousands, except share and per share data)

2025

2024

2025

2024

Numerator - basic and diluted:

Net loss

$

(241,780

)

$

(211,848

)

$

(477,809

)

$

(388,448

)

Less: Net loss attributable to the non-controlling interests

98,604

186,712

213,032

344,430

Net loss attributable to MSP Recovery, Inc.

$

(143,176

)

$

(25,136

)

$

(264,777

)

$

(44,018

)

Denominator – basic and diluted:

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

4,912,238

676,969

4,263,859

638,762

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

4,912,238

676,969

4,263,859

638,762

Earnings per share of Class A common stock – basic

$

(29.15

)

$

(37.13

)

$

(62.10

)

$

(68.91

)

Earnings per share of Class A common stock – diluted

$

(29.15

)

$

(37.13

)

$

(62.10

)

$

(68.91

)