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MSP Recovery
(NASDAQ: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 | 13.28M | 18.25M | 7.71M | 23.42M | 14.63M | 13.89M |
| Gross Profit | 4.63M | 8.64M | 5.56M | 21.37M | 14.09M | 13.71M |
| EBITDA | -584.24M | -652.46M | -69.22M | -522.49M | -5.52M | -3.13M |
| Net Income | -581.26M | -360.50M | -56.35M | -7.42M | -33.09M | -24.25M |
Balance Sheet | ||||||
| Total Assets | 1.67B | 1.92B | 3.16B | 3.42B | 104.01M | 17.84M |
| Cash, Cash Equivalents and Short-Term Investments | 3.99M | 12.33M | 11.63M | 3.66M | 1.66M | 11.88M |
| Total Debt | 861.21M | 794.66M | 679.22M | 324.25M | 213.61M | 48.09M |
| Total Liabilities | 2.28B | 2.05B | 1.74B | 1.23B | 255.41M | 133.69M |
| Stockholders Equity | -207.16M | 100.58M | 272.39M | 109.69M | -155.76M | -120.18M |
Cash Flow | ||||||
| Free Cash Flow | -23.16M | -16.65M | -41.77M | -83.62M | 1.62M | -344.00K |
| Operating Cash Flow | -20.61M | -16.12M | -40.02M | -80.64M | 2.25M | -14.00K |
| Investing Cash Flow | -111.38M | -2.73M | 7.56M | -5.68M | -2.01M | 986.00K |
| Financing Cash Flow | 20.03M | 19.54M | 29.02M | 99.73M | -10.46M | 9.61M |
MSP Recovery Technical Analysis
MSP Recovery Risk Analysis
MSP Recovery Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.91B | -0.36 | -41.71% | 2.23% | 23.45% | -1.86% | |
39 Underperform | $14.43M | ― | -2151.29% | ― | 76.98% | -52.89% | |
| ― | $2.59M | ― | -66.29% | ― | ― | ― | |
| ― | $39.64M | ― | ― | ― | ― | ||
38 Underperform | $11.00M | ― | -3190.66% | ― | ― | -280.85% | |
22 Underperform | $219.68K | ― | -467.31% | ― | 17369.91% | 69.56% | |
| ― | $4.16M | ― | -88.35% | ― | ― | ― |
MSP Recovery Corporate Events
On September 1, 2025, MSP Recovery, Inc. implemented a reverse stock split, consolidating every seven shares of its Class A and Class V Common Stock into one share, without altering the par value. This move, approved by a majority of stockholders on August 18, 2025, aimed to increase the market price per share to comply with Nasdaq rules. The reverse split reduced the number of Class A shares from approximately 7.2 million to 1 million and Up-C Units from 3.3 million to 0.5 million, affecting all stockholders uniformly without altering their percentage ownership.
On August 20, 2025, a jury in the Menendez Litigation found MSP Recovery, LLC, a subsidiary of MSP Recovery, Inc., liable for breach of an alleged oral contract, awarding plaintiffs $12.7 million in damages. Although the jury exonerated the parent company and its CEO, John H. Ruiz, from fraud and misrepresentation claims, the verdict has introduced uncertainty regarding the company’s financial condition and may impact its ability to raise capital or continue operations. The company plans to challenge the verdict through post-trial motions and potential appeals.
On August 18, 2025, MSP Recovery, Inc. held a Special Meeting of its Stockholders, where approximately 74.74% of stockholders were present. During the meeting, stockholders approved an amendment to the company’s Charter for a reverse stock split at a ratio between 1-for-2 and 1-for-7, and the issuance of Class A Common Stock to Virage Recovery Master LP, in compliance with Nasdaq Listing Rule 5635(d).
On November 14, 2023, MSP Recovery, Inc. entered into a Standby Equity Purchase Agreement with Yorkville, allowing the company to sell up to $250 million of its common stock shares. The agreement includes issuing convertible promissory notes, with Yorkville advancing $16.5 million in total. The company held its 2025 Annual Meeting on August 8, 2025, where stockholders re-elected three directors and ratified Deloitte as the independent auditor for the fiscal year. These developments may impact MSP Recovery’s financial strategy and governance structure.
On August 5, 2025, MSP Recovery and Yorkville agreed to lower the Floor Price under the Yorkville SEPA from $1.00 to $0.50. This adjustment may impact the company’s financial agreements and market positioning by potentially altering the terms of their capital arrangements.
On November 14, 2023, MSP Recovery, Inc. entered into a Standby Equity Purchase Agreement with Yorkville, allowing the company to sell up to $250 million of its common stock to Yorkville under certain conditions. The agreement also includes advances in the form of convertible promissory notes, with Yorkville having the option to convert these notes into common stock, impacting the company’s financial operations and potentially its market positioning.
On July 15, 2025, MSP Recovery announced a significant legal victory as the Maryland Supreme Court ruled in favor of the company’s claim assignments, allowing its federal class action lawsuit against GEICO to proceed. This decision, which rejects GEICO’s arguments against MSP’s assignment model, is expected to have broader implications for related litigation across various jurisdictions, reinforcing MSP Recovery’s strategy and mission to hold primary insurers accountable for reimbursement obligations.
On June 26, 2025, MSP Recovery, Inc. amended its promissory note with Nomura Securities International, increasing the principal to approximately $33.6 million and waiving Nomura’s entitlement to $3 million from the Yorkville SEPA. Additionally, the company has been engaging with Yorkville under a Standby Equity Purchase Agreement, allowing it to sell up to $250 million in shares. This includes issuing convertible promissory notes, with the latest being a $0.8 million note on June 26, 2025, which Yorkville can convert into shares, impacting the company’s financial strategy and shareholder dynamics.
On June 5, 2025, MSP Recovery and Yorkville agreed to lower the Floor Price under the Yorkville SEPA from $3.75 to $1.00. Hazel and Virage expressed willingness to negotiate additional working-capital funding to support the company’s ongoing claim servicing, which could impact MSP Recovery’s financial operations and stakeholder interests.