MSP Recovery, Inc. (MSPR) Revenue History
Annual and quarterly revenue from 2020 to present
MSPR Revenue Over Time (2020–2024)
MSPR Revenue Growth History
3 of 4 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +5.3%
- FY2022 revenue growth
- +60.1%
- FY2023 revenue growth
- -67.1%
- FY2024 revenue growth
- +136.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $198K | -94.6% |
| Q2 2025 | $536K | +59.1% |
| Q1 2025 | $837K | -86.1% |
| Q4 2024 | $8.2M | +1032.3% |
| Q3 2024 | $3.7M | +733.6% |
| Q2 2024 | $337K | -86.7% |
| Q1 2024 | $6.0M | +50.2% |
| Q4 2023 | $728K | +108.9% |
Multi-year avg. share of annual revenue by fiscal quarter
MSPR Revenue Analysis (2020–2024)
Current Revenue & Growth
As of June 22, 2026, MSP Recovery, Inc. (MSPR) generated trailing twelve-month (TTM) revenue of $9.8 million, reflecting significant decline in growth of -94.6% year-over-year. The most recent quarter (Q3 2025) recorded $198,000 in revenue, down 63.1% sequentially.
Historical Growth Trajectory
MSPR's historical revenue data shows a 3-year CAGR of +7.7%. MSP Recovery, Inc.'s highest annual revenue of $23.4 million was recorded in 2022.
Peer Comparison
Compared to Healthcare sector peers — including CLCO (-1.7% YoY), RPAY (+1.0% YoY), and HIMS (+32.8% YoY) — MSPR has underperformed the peer group in revenue growth. Compare MSPR vs CLCO →
MSPR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSPRCurrent | $10M | -94.6% | - | -6982.8% | |
 CLCO | $323M | -1.7% | - | 50.5% | |
 RPAY | $309M | +1.0% | +14.8% | -3.9% | |
 HIMS | $2.3B | +32.8% | +73.6% | 4.5% | |
 ATAI | $4M | +87.2% | - | -2439.7% | |
 CLVT | $2.5B | -3.3% | +14.4% | 2.9% |
MSPR Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $18.2M | +136.8% | $8.6M | 47.4% | $-1,274,289,000 | -6982.8% |
| 2023 | $7.7M | -67.1% | $5.6M | 72.2% | $-559,870,000 | -7266.3% |
| 2022 | $23.4M | +60.1% | $21.4M | 91.2% | $-331,478,000 | -1415.4% |
| 2021 | $14.6M | +5.3% | $14.1M | 96.4% | $-7,170,000 | -49.0% |
| 2020 | $13.9M | - | $13.7M | 98.8% | $-3,329,000 | -24.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MSPR — Frequently Asked Questions
Quick answers to the most common questions about buying MSPR stock.
Is MSPR's revenue growth accelerating or slowing?
MSPR revenue is declining -94.6% year-over-year. TTM revenue fell to $10M, contrasting with the 5-year CAGR of N/A. The reversal reflects either macro headwinds or company-specific challenges.
What is MSPR's revenue history from 2020 to 2026?
MSP Recovery, Inc. (MSPR) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $10M, growing at -94.6% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MSPR's long-term revenue growth rate (CAGR)?
MSP Recovery, Inc.'s 5-year revenue CAGR of N/A reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -94.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MSPR.
Why does MSPR's quarterly revenue fluctuate?
MSPR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. MSP Recovery, Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is MSPR's revenue distributed by segment?
MSPR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MSPR's revenue compare to industry peers?
MSP Recovery, Inc. (MSPR) with TTM revenue of $10M and -94.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.