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MSP Recovery
(OTC:MSPR)
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Rating:40Underperform
Price Target:
$0.05
▼(-81.92% Downside)
Action:Reiterated
Date:01/31/26
The score is driven primarily by severe financial weakness (declining revenue, large losses, negative cash flows, and negative equity). Technicals also remain bearish with price below key moving averages and a negative MACD. Corporate events add additional near-term risk due to delisting and constrained, discretionary liquidity support, while valuation metrics provided offer limited positive support.
Positive Factors
Contingency fee business model
MSPR's contingency fee model aligns revenue with client recoveries, reducing reliance on fixed billing and shifting collection risk to performance. Over 2-6 months this model supports cash conversion when recoveries occur and incentivizes client retention and scalable growth tied to recovery effectiveness.
Negative Factors
Severe financial deterioration
Steep revenue decline, deeply negative margins and recurring negative cash flow indicate structural operating weakness and poor cash generation. Over a multi-month horizon this erodes liquidity, restricts reinvestment and increases likelihood the firm must secure dilutive or costly financing to sustain operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Contingency fee business model
MSPR's contingency fee model aligns revenue with client recoveries, reducing reliance on fixed billing and shifting collection risk to performance. Over 2-6 months this model supports cash conversion when recoveries occur and incentivizes client retention and scalable growth tied to recovery effectiveness.
Read all positive factors
MSP Recovery (MSPR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.43K
Dividend YieldN/A
Average Volume (3M)1.26M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue Growth-8.57%
EPS Growth-52.17%
CountryUS
Employees78
SectorHealthcare
Sector Strength45
IndustryMedical - Healthcare Information Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding13,774,399
10 Day Avg. Volume629,537
30 Day Avg. Volume1,256,259
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.16
Price to Sales (P/S)0.87
P/FCF Ratio-0.96
Enterprise Value/Market Cap533.29K
Enterprise Value/Revenue77.43
Enterprise Value/Gross Profit294.09
Enterprise Value/Ebitda-1.23
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MSP Recovery Business Overview & Revenue Model
Company Description
MSP Recovery, Inc. specializes in healthcare claims recovery and data analytics, serving clients throughout the United States and Puerto Rico. The company provides extensive services, enabling itself, associated parties, and third-party organizati...
How the Company Makes Money
MSP Recovery generates revenue through a contingency fee model, whereby it earns a percentage of the recovered funds on behalf of its clients. This means that the company only makes money when it successfully recovers payments, aligning its financ...
MSP Recovery Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
30
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Mar 2025 | 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 | 14.93M | 19.54M | 29.02M | 99.73M | -10.46M | 9.61M |
MSP Recovery Technical Analysis
Negative
0.26
Price Trends
0.02
Negative
0.03
Negative
0.20
Negative
Market Momentum
>-0.01
Positive
37.64
Neutral
-5.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSPR, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.64 is Neutral, neither overbought nor oversold. The STOCH value of -5.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MSPR.
MSP Recovery Risk Analysis
MSP Recovery disclosed 95 risk factors in its most recent earnings report. MSP Recovery reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
MSP Recovery Peers Comparison
UnderperformOutperform
Sector (51)
MSPR
MSP Recovery
0.01
-6.41
-99.84%
WORX
SCWorx
0.73
-4.19
-85.26%
ONMD
OneMedNet
0.72
0.24
49.79%
VSEE
VSee Health
0.08
-1.13
-93.55%
ACON
Aclarion, Inc.
2.25
-4.75
-67.86%
MSP Recovery Corporate Events
Business Operations and StrategyPrivate Placements and Financing
MSP Recovery Secures Short-Term Funding Under New Agreement
Neutral
Jul 13, 2026
On July 8, 2026, MSP Recovery entered into a letter agreement with VRM MSP Recovery Partners under which VRM provided a one-time $0.3 million advance to cover certain operating expenses, while explicitly declining any obligation for future funding...
Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
MSP Recovery Stock Shifted to OTC Expert Market
Negative
Jul 8, 2026
MSP Recovery, Inc. has failed to file its annual report for the year ended December 31, 2025 and its quarterly report for the period ended March 31, 2026 with the SEC, leaving the company non-compliant with Rule 15c2-11 disclosure requirements. As...
Business Operations and StrategyPrivate Placements and Financing
MSP Recovery Secures One-Time Advance Under Credit Facility
Negative
Jun 30, 2026
On June 26, 2026, MSP Recovery, Inc., through its subsidiaries, obtained a one-time $0.2 million advance from Hazel Partners Holdings LLC under its existing working capital credit facility to cover operating expenses. The advance was made under Ha...
Business Operations and StrategyPrivate Placements and Financing
MSP Recovery Secures Discretionary Short-Term Operating Advance
Negative
Jun 18, 2026
MSP Recovery, Inc. disclosed that on June 11, 2026, its subsidiaries entered into a letter agreement with Hazel Partners Holdings LLC, the administrative agent and lender under its existing working capital credit facility, for a discretionary $0.1...
Business Operations and StrategyPrivate Placements and Financing
MSP Recovery Secures Small One-Time Short-Term Funding Support
Negative
Jun 4, 2026
On May 29, 2026, MSP Recovery, Inc., through its subsidiaries, obtained a one-time $0.1 million advance from Hazel Partners Holdings LLC under its existing working capital credit facility, to be used primarily for operating expenses. The funding m...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and FinancingRegulatory Filings and Compliance
MSP Recovery Faces OTC Market Downgrade Amid Liquidity Strain
Negative
May 19, 2026
On May 15, 2026, MSP Recovery secured a $0.1 million discretionary advance from Hazel Partners Holdings under its existing working capital credit facility, earmarked primarily for operating expenses, after previously exhausting the facility’...
Business Operations and StrategyPrivate Placements and Financing
MSP Recovery Secures One-Time Advances Amid Liquidity Strain
Negative
May 6, 2026
On May 1, 2026, MSP Recovery, Inc., through its subsidiaries, entered into a letter agreement with Hazel Partners Holdings LLC, under its existing working capital credit facility, to secure a one-time discretionary advance of $0.1 million primaril...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.