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MSP Recovery, Inc.(MSPR)Earnings, Financials & Key Ratios
MSPR•NASDAQ
$0.04
$48M mkt cap·Price updated May 6, 2026
AboutMSP Recovery, Inc. operates as a healthcare recoveries and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights. It also provides Chase to pay service to assist its healthcare provider clients to identify in the first instance the proper primary insurer at the point of care and thereby avoid making a wrongful payment; and LifeWallet, a platform designed to locate and organize users' medical records. MSP Recovery, Inc. was founded in 2014 and is headquartered in Coral Gables, Florida.Show more
- Revenue$18M+136.8%
- EBITDA-$790M-41.2%
- Net Income-$360M-539.8%
- EPS (Diluted)-359.95-127.8%
- Gross Margin47.36%-34.4%
- EBITDA Margin-4328.65%+40.4%
- Operating Margin-6982.79%+3.9%
- Net Margin-1975.45%-170.1%
- ROE-55.86%-1687.6%
- ROIC-69.74%-281.6%
- Interest Coverage-2.71-43.3%
MSPR Key Insights
MSP Recovery, Inc. (MSPR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 4 (bottom 4%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MSPR Price & Volume
MSP Recovery, Inc. (MSPR) stock price & volume — 10-year historical chart
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MSPR Growth Metrics
MSP Recovery, Inc. (MSPR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years7.66%
TTM-8.57%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-639.01%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-221.35%
Return on Capital
10 Years-40.19%
5 Years-40.19%
3 Years-34.96%
Last Year-67.65%
MSPR Peer Comparison
MSP Recovery, Inc. (MSPR) competitors in Payer and Benefits Administration — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CLCO | 511.23M | 9.67 | 5.31 | -10.76% | 17.84% | 7.48% | 1.72 | |
 RPAY | 303.9M | 3.45 | -1.15 | -1.21% | -82.73% | -46.64% | 0.91 | |
 HIMS | 6.94B | 26.88 | 52.71 | 59% | 5.47% | 23.73% | 2.07 | |
 ATAI | 1B | 4.17 | -4.48 | -1.91% | -51.09% | -96.43% | 0.21 | |
 CLVT | 1.78B | 2.78 | -9.27 | -3.97% | -5.62% | -2.81% | 0.92 | |
 UNH | 333.37B | 367.28 | 27.76 | 11.81% | 2.68% | 11.54% | 0.77 | |
 CVS | 111.32B | 86.86 | 62.49 | 7.85% | 0.72% | 3.86% | 1.24 | |
 HUM | 29.57B | 246.33 | 25.03 | 10.06% | 0.82% | 6.17% | 0.73 |
Compare MSPR vs Peers
MSP Recovery, Inc. (MSPR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MSPR Income Statement
MSP Recovery, Inc. (MSPR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 13.89M | 14.63M | 23.42M | 7.71M | 18.25M | 9.81M |
| Revenue Growth % | - | 5.32% | 60.13% | -67.1% | 136.85% | -8.57% |
| Cost of Goods Sold | 172K | 190K | 2.05M | 2.15M | 9.61M | 7.23M |
| COGS % of Revenue | 1.24% | 1.3% | 8.77% | 27.84% | 52.64% | - |
| Gross Profit | 13.71M▲ 0% | 14.09M▲ 2.8% | 21.37M▲ 51.6% | 5.56M▼ 74.0% | 8.64M▲ 55.4% | 2.58M▲ 0% |
| Gross Margin % | 98.76% | 96.36% | 91.23% | 72.16% | 47.36% | 26.33% |
| Gross Profit Growth % | - | 2.76% | 51.61% | -73.98% | 55.43% | - |
| Operating Expenses | 17.04M | 21.61M | 352.84M | 565.43M | 1.28B | 1.26B |
| OpEx % of Revenue | 122.73% | 147.72% | 1506.59% | 7338.48% | 7030.14% | - |
| Selling, General & Admin | 16.81M | 21.26M | 85.49M | 83.67M | 45.88M | 27.3M |
| SG&A % of Revenue | 121.04% | 145.38% | 365.03% | 1085.98% | 251.42% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 360K | 343K | 267.35M | 481.75M | 1.24B | 4M |
| Operating Income | -3.33M▲ 0% | -7.17M▼ 115.4% | -331.48M▼ 4523.1% | -559.87M▼ 68.9% | -1.27B▼ 127.6% | -1.25B▲ 0% |
| Operating Margin % | -23.97% | -49.02% | -1415.36% | -7266.32% | -6982.79% | -12785.83% |
| Operating Income Growth % | - | -115.38% | -4523.12% | -68.9% | -127.6% | - |
| EBITDA | -3.09M | -6.66M | -331.05M | -559.61M | -789.94M | -658.77M |
| EBITDA Margin % | -22.28% | -45.56% | -1413.55% | -7262.91% | -4328.65% | -6712.54% |
| EBITDA Growth % | - | -115.35% | -4868.54% | -69.04% | -41.16% | -1064.28% |
| D&A (Non-Cash Add-back) | 235K | 507K | 424K | 263K | 484.35M | 596.03M |
| EBIT | -3.38M | -6.03M | -280.89M | -545.98M | -1.14B | -1.21B |
| Net Interest Income | -20.89M | -27.05M | -121.01M | -289.17M | -420.03M | -487.44M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 20.89M | 27.05M | 121.01M | 289.17M | 420.03M | 487.44M |
| Other Income/Expense | -20.97M | -25.91M | -70.43M | -275.27M | -282.56M | -446.48M |
| Pretax Income | -24.3M▲ 0% | -33.08M▼ 36.1% | -401.9M▼ 1115.1% | -835.14M▼ 107.8% | -1.56B▼ 86.4% | -1.7B▲ 0% |
| Pretax Margin % | -174.98% | -226.15% | -1716.08% | -10839% | -8531.13% | -17335.28% |
| Income Tax | -51K | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0.21% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -24.25M▲ 0% | -33.09M▼ 36.5% | -7.42M▲ 77.6% | -56.35M▼ 659.7% | -360.5M▼ 539.8% | -719.22M▲ 0% |
| Net Margin % | -174.61% | -226.26% | -31.67% | -731.32% | -1975.45% | -7328.48% |
| Net Income Growth % | - | -36.48% | 77.59% | -659.71% | -539.77% | -639.01% |
| Net Income (Continuing) | -24.25M | -33.08M | -401.9M | -835.14M | -1.56B | -1.7B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 4.35M | 2.08B | 1.15B | -228.99M | -280.55M |
| EPS (Diluted) | -1739.58▲ 0% | -6.90▲ 99.6% | -75.00▼ 987.0% | -158.02▼ 110.7% | -359.95▼ 127.8% | -0.57▲ 0% |
| EPS Growth % | - | 99.6% | -986.96% | -110.69% | -127.79% | -221.35% |
| EPS (Basic) | -1739.58 | -2374.13 | -75.00 | -158.02 | -359.95 | - |
| Diluted Shares Outstanding | 8.71M | 121.17K | 98.92K | 356.59K | 1M | 1.26B |
| Basic Shares Outstanding | 21.83M | 23.65M | 98.89K | 356.59K | 1M | 1.26B |
| Dividend Payout Ratio | - | - | - | - | - | - |
MSPR Balance Sheet
MSP Recovery, Inc. (MSPR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 16.8M | 19.04M | 51.36M | 21.95M | 15.47M | 4.72M |
| Cash & Short-Term Investments | 11.88M | 1.66M | 3.66M | 11.63M | 12.33M | 1.82M |
| Cash Only | 11.88M | 1.66M | 3.66M | 11.63M | 12.33M | 1.82M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.87M | 4.07M | 8.62M | 1.41M | 1.5M | 295K |
| Days Sales Outstanding | 128.03 | 101.57 | 134.34 | 66.56 | 29.98 | 45.57 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 54K | 13.3M | 39.08M | 8.91M | 1.65M | 2.6M |
| Total Non-Current Assets | 1.04M | 84.97M | 3.37B | 3.14B | 1.9B | 1.55B |
| Property, Plant & Equipment | 612K | 750K | 3.43M | 5.25M | 5.39M | 5.11M |
| Fixed Asset Turnover | 22.69x | 19.50x | 6.82x | 1.47x | 3.39x | 1.85x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 427K | 84.22M | 3.36B | 3.13B | 1.9B | 1.54B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 17.84M▲ 0% | 104.01M▲ 482.9% | 3.42B▲ 3186.3% | 3.16B▼ 7.5% | 1.92B▼ 39.3% | 1.55B▲ 0% |
| Asset Turnover | 0.78x | 0.14x | 0.01x | 0.00x | 0.01x | 0.01x |
| Asset Growth % | - | 482.9% | 3186.3% | -7.55% | -39.27% | -166.85% |
| Total Current Liabilities | 42.13M | 54.06M | 115.72M | 46.51M | 1.27B | 712.22M |
| Accounts Payable | 398K | 4.61M | 8.42M | 6.24M | 13.97M | 12.13M |
| Days Payables Outstanding | 844.59 | 8.85K | 1.5K | 1.06K | 530.8 | 651.61 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 31.2M | 512.62M |
| Deferred Revenue (Current) | 249K | 249K | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 41.48M | 3.49M | 107.29M | 19.62M | 1.19B | 187.48M |
| Current Ratio | 0.40x | 0.35x | 0.44x | 0.47x | 0.01x | 0.01x |
| Quick Ratio | 0.40x | 0.35x | 0.44x | 0.47x | 0.01x | 0.01x |
| Cash Conversion Cycle | - | - | - | - | - | -606.04 |
| Total Non-Current Liabilities | 91.56M | 201.35M | 1.11B | 1.69B | 782.18M | 1.68B |
| Long-Term Debt | 24.04M | 106.81M | 324.25M | 678.99M | 763.35M | 248.86M |
| Capital Lease Obligations | 24.04M | 106.81M | 0 | 235K | 102K | 194K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 43.48M | 94.55M | 790.71M | 1.02B | 18.72M | 4.06B |
| Total Liabilities | 133.69M | 255.41M | 1.23B | 1.74B | 2.05B | 2.4B |
| Total Debt | 48.09M | 213.61M | 324.25M | 679.22M | 794.66M | 761.48M |
| Net Debt | 36.21M | 211.95M | 320.59M | 667.59M | 782.33M | 759.66M |
| Debt / Equity | - | - | 0.15x | 0.48x | - | -0.90x |
| Debt / EBITDA | - | - | - | - | - | -1.16x |
| Net Debt / EBITDA | - | - | - | - | - | -1.15x |
| Interest Coverage | -0.16x | -0.22x | -2.32x | -1.89x | -2.71x | -2.49x |
| Total Equity | -115.85M▲ 0% | -151.41M▼ 30.7% | 2.19B▲ 1544.6% | 1.42B▼ 35.1% | -128.41M▼ 109.0% | -844.39M▲ 0% |
| Equity Growth % | - | -30.7% | 1544.62% | -35.12% | -109.05% | -596.31% |
| Book Value per Share | -13.30 | -1249.50 | 22111.52 | 3979.71 | -128.15 | -0.67 |
| Total Shareholders' Equity | -120.18M | -155.76M | 109.69M | 272.39M | 100.58M | -563.84M |
| Common Stock | 0 | 0 | 1.82M | 1K | 0 | 0 |
| Retained Earnings | 0 | 0 | -29.2M | -85.55M | -446.05M | -878.63M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 4.35M | 2.08B | 1.15B | -228.99M | -280.55M |
MSPR Cash Flow Statement
MSP Recovery, Inc. (MSPR) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -14K | 2.25M | -80.64M | -40.02M | -16.12M | -16.12M |
| Operating CF Margin % | -0.1% | 15.38% | -344.3% | -519.44% | -88.34% | - |
| Operating CF Growth % | - | 16164.29% | -3685.37% | 50.37% | 59.72% | 46.61% |
| Net Income | -24.25M | -33.09M | -401.9M | -835.14M | -1.56B | -719.22M |
| Depreciation & Amortization | 235K | 343K | 424K | 263K | 277K | 235.18M |
| Stock-Based Compensation | 0 | 0 | 20.05M | 830K | 0 | -94K |
| Deferred Taxes | 0 | 0 | -531K | 0 | 0 | 0 |
| Other Non-Cash Items | 21.17M | 25.96M | 361.37M | 759.74M | 1.38B | 897.65M |
| Working Capital Changes | 2.83M | 9.04M | -8.49M | 34.29M | 160.28M | 141.84M |
| Change in Receivables | 0 | 801K | -6.2M | 1.78M | -78K | -78.68M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 268K | 2.01M | -2.29M | 13.51M | 10.1M | 141.28M |
| Cash from Investing | 986K | -2.01M | -5.68M | 7.56M | -2.73M | -527K |
| Capital Expenditures | -330K | -631K | -2.98M | -1.74M | -525K | -527K |
| CapEx % of Revenue | 2.38% | 4.31% | 12.74% | 22.61% | 2.88% | - |
| Acquisitions | 230M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -230M | 13.37K | -2.7M | 9.3M | -2.2M | 0 |
| Cash from Financing | 9.61M | -10.46M | 99.73M | 29.02M | 19.54M | 14.93M |
| Debt Issued (Net) | 1.09M | 0 | 125.76M | 41.4M | 16.48M | 3.08M |
| Equity Issued (Net) | 0 | 0 | 9.19M | -11.42M | 3.06M | -699K |
| Dividends Paid | 0 | -2.71M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -11.42M | 0 | 0 |
| Other Financing | 9.61M | -7.75M | -35.21M | -958K | 0 | 12.55M |
| Net Change in Cash | 10.58M▲ 0% | -10.21M▼ 196.5% | 13.42M▲ 231.3% | -3.45M▼ 125.7% | 695K▲ 120.2% | -2.92M▲ 0% |
| Free Cash Flow | -344K▲ 0% | 1.62M▲ 570.3% | -83.62M▼ 5268.0% | -41.77M▲ 50.1% | -16.65M▲ 60.1% | -10.59M▲ 0% |
| FCF Margin % | -2.48% | 11.06% | -357.04% | -542.05% | -91.22% | -107.87% |
| FCF Growth % | - | 570.35% | -5268.05% | 50.05% | 60.14% | 63.24% |
| FCF per Share | -0.04 | 13.35 | -845.32 | -117.12 | -16.61 | -16.61 |
| FCF Conversion (FCF/Net Income) | 0.00x | -0.07x | 10.87x | 0.71x | 0.04x | 0.01x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 745K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
MSPR Key Ratios
MSP Recovery, Inc. (MSPR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -0.73% | -3.12% | -55.86% | 148.34% |
| Return on Invested Capital (ROIC) | - | -19.36% | -18.28% | -69.74% | -69.74% |
| Gross Margin | 96.36% | 91.23% | 72.16% | 47.36% | 26.33% |
| Net Margin | -226.26% | -31.67% | -731.32% | -1975.45% | -7328.48% |
| Debt / Equity | - | 0.15x | 0.48x | - | -0.90x |
| Interest Coverage | -0.22x | -2.32x | -1.89x | -2.71x | -2.49x |
| FCF Conversion | -0.07x | 10.87x | 0.71x | 0.04x | 0.01x |
| Revenue Growth | 5.32% | 60.13% | -67.1% | 136.85% | -8.57% |
MSPR SEC Filings & Documents
MSP Recovery, Inc. (MSPR) SEC filings — annual & quarterly reports (10-K, 10-Q)
MSPR Frequently Asked Questions
MSP Recovery, Inc. (MSPR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MSP Recovery, Inc. (MSPR) reported $9.8M in revenue for fiscal year 2024. This represents a 29% decrease from $13.9M in 2020.
MSP Recovery, Inc. (MSPR) grew revenue by 136.8% over the past year. This is strong growth.
MSP Recovery, Inc. (MSPR) reported a net loss of $719.2M for fiscal year 2024.
Dividend & Returns
MSP Recovery, Inc. (MSPR) has a return on equity (ROE) of -55.9%. Negative ROE indicates the company is unprofitable.
MSP Recovery, Inc. (MSPR) had negative free cash flow of $10.6M in fiscal year 2024, likely due to heavy capital investments.
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MSP Recovery, Inc. (MSPR) financial analysis — history, returns, DCA and operating performance tools
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Revenue History
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