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MSP Recovery
(OTC:MSPR)
MSP Recovery (MSPR) vs. SPDR S&P 500 ETF (SPY)
MSP Recovery Business Overview & Revenue Model
MSP Recovery Earnings Call Summary
MSP Recovery Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.81M | 18.25M | 7.71M | 23.42M | 14.63M | 13.89M |
| Gross Profit | 2.58M | 8.64M | 5.56M | 21.37M | 14.09M | 13.71M |
| EBITDA | -617.81M | -652.46M | -545.71M | -280.47M | -5.52M | -3.15M |
| Net Income | -719.22M | -360.50M | -56.35M | -7.42M | -33.09M | -24.25M |
Balance Sheet | ||||||
| Total Assets | 1.55B | 1.92B | 3.16B | 3.42B | 104.01M | 17.84M |
| Cash, Cash Equivalents and Short-Term Investments | 1.82M | 12.33M | 11.63M | 3.66M | 1.66M | 11.88M |
| Total Debt | 761.48M | 794.66M | 679.22M | 324.25M | 213.61M | 48.09M |
| Total Liabilities | 2.40B | 2.05B | 1.74B | 1.23B | 255.41M | 133.69M |
| Stockholders Equity | -563.84M | 100.58M | 272.39M | 109.69M | -155.76M | -120.18M |
Cash Flow | ||||||
| Free Cash Flow | -10.59M | -16.65M | -41.77M | -83.62M | 1.62M | -344.00K |
| Operating Cash Flow | -10.22M | -16.12M | -40.02M | -80.64M | 2.25M | -14.00K |
| Investing Cash Flow | -527.00K | -2.73M | 7.56M | -5.68M | -2.01M | 986.00K |
| Financing Cash Flow | -97.89M | 19.54M | 29.02M | 99.73M | -10.46M | 9.61M |
MSP Recovery Technical Analysis
MSP Recovery Risk Analysis
MSP Recovery Peers Comparison
MSP Recovery Corporate Events
MSP Recovery, Inc. previously entered into a standby equity purchase agreement with Yorkville, under which it can sell up to $250 million of common stock and has received capital advances via convertible promissory notes, with about $3.6 million outstanding as of early January 2026. After the company’s Class A common stock ceased trading on the Nasdaq Capital Market on December 22, 2025 and moved to the OTCQB, a default trigger tied to loss of a primary market listing was set to occur after a 10‑day period ending January 6, 2026, but on January 8, 2026 Yorkville agreed to extend this period to 90 calendar days through March 22, 2026, effectively deferring enforcement of default remedies related solely to the Nasdaq delisting so long as the stock continues trading on the OTCQB, providing the company temporary breathing room with a key financing partner.
The most recent analyst rating on (MSPR) stock is a Hold with a $0.08 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.
On January 7, 2026, MSP Recovery, Inc., through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC to secure a one-time $325,000 advance under its existing working capital credit facility, with the funds restricted to operating expenses and expected to be funded on or before January 9, 2026, subject to standard conditions such as the absence of default. The company emphasized that this advance is a standalone accommodation that temporarily lifts the Operational Collection Floor beyond its previously exhausted $6.0 million level, does not reinstate or reopen any broader funding availability under the facility, and does not provide ongoing or committed liquidity, underscoring MSP Recovery’s continued lack of assured access to future financing and highlighting ongoing constraints around its ability to meet future operating and debt service obligations.
The most recent analyst rating on (MSPR) stock is a Sell with a $0.08 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.
On December 22, 2025, MSP Recovery, Inc.’s Class A common stock was delisted from the Nasdaq Capital Market, with its common stock and public warrants beginning to trade that day on the OTCQB Venture Market, while its new warrants moved to the OTC Pink Basic Market. On January 5, 2026, the company was notified that trading of its public warrants would be transferred to the OTC Pink Basic Market effective January 6, 2026, a shift that is expected to limit market quotations, reduce liquidity and pricing for its securities, and potentially hinder its ability to raise additional capital. Also on December 22, 2025, the company furloughed seven employees, about 33% of its workforce, as part of liquidity management and restructuring efforts, a move expected to materially impact core operations from January 5, 2026 and potentially have a material adverse effect on revenues and operating results.
The most recent analyst rating on (MSPR) stock is a Sell with a $0.08 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.
On December 22, 2025, MSP Recovery, Inc. announced that Ricardo Rivera ceased to be employed by the company and no longer serves as Chief Operating Officer, though he will remain available to advise the company through December 31, 2025 to support a smooth transition of his responsibilities. The company emphasized that Rivera’s departure did not stem from any disagreement over its management, operations, policies, or practices, suggesting the leadership change is not expected to signal broader strategic or governance turmoil for stakeholders.
The most recent analyst rating on (MSPR) stock is a Hold with a $0.13 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.
MSP Recovery, listed under the ticker “MSPR,” operates in the financial and legal services space focused on recovering funds on behalf of healthcare payers and other stakeholders, and its shares have been trading on the Nasdaq Capital Market.
On December 18, 2025, the company was notified that its appeal against Nasdaq staff decisions from October 22 and November 28, 2025, had been denied, and that its common stock would be delisted from Nasdaq effective at the open of trading on December 22, 2025, due to failure to meet minimum stockholders’ equity and minimum bid price requirements. The delisting follows findings that MSP Recovery’s stockholders’ equity fell below the $2.5 million threshold and its share price traded under $1.00 for 30 consecutive business days; as a result, the stock is expected to transition to trading on the OTCQB market, which may affect liquidity and visibility for existing shareholders and could signal ongoing financial and compliance challenges for the company.
The most recent analyst rating on (MSPR) stock is a Sell with a $0.32 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.
On December 7, 2025, MSP Recovery, Inc. announced that the SEC concluded its investigation without recommending enforcement action against the company or its officers. The investigation, which began on August 11, 2022, focused on various aspects including a business combination transaction and financial statements. MSP Recovery fully cooperated with the SEC, and the conclusion allows the company to continue its operations without the burdens associated with the investigation.
The most recent analyst rating on (MSPR) stock is a Sell with a $0.30 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.
On October 22, 2025, MSP Recovery received a Staff Delisting Determination from Nasdaq due to non-compliance with the minimum stockholders’ equity requirement and other financial standards. The company has requested a review and submitted necessary documentation to a Hearings Panel, with a hearing scheduled for December 11, 2025. Additionally, on November 28, 2025, the company was notified of non-compliance with the minimum bid price requirement, further threatening its Nasdaq listing. If delisted, MSP Recovery expects its stock to trade on the OTCQB Venture Market.
The most recent analyst rating on (MSPR) stock is a Sell with a $0.34 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.
On October 28, 2025, MSP Recovery, Inc. and Yorkville reached an agreement to reduce the Floor Price under their Standby Equity Purchase Agreement from $1.00 to $0.50. Additionally, MSP Recovery amended its promissory note with Nomura to reflect a principal amount of $35.4 million and secured a waiver for $3.0 million to fund operations. Despite these financial maneuvers, MSP Recovery received a delisting notification from Nasdaq on October 22, 2025, due to non-compliance with stockholder equity requirements. The company intends to appeal the decision, with the possibility of its stock trading on the OTCQB Venture Market if delisted from Nasdaq.
The most recent analyst rating on (MSPR) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on MSP Recovery stock, see the MSPR Stock Forecast page.