MSPR

MSP Recovery, Inc.

Our business is directly related to the healthcare industry and is affected by healthcare spending and complexity in the healthcare data industry.⁴ From its latest annual report

Price unavailable

Last updated Oct 19, 2026.

Overview

-$360.5MNet income, fiscal 2024²

Compare with another stock.

TickerMSPR¹
IndustryServices-Computer Processing & Data Preparation¹
HeadquartersMiami, Florida¹
Business address3150 Sw 38Th Avenue, Suite 1100, Miami, Fl 33146³
Filer category, Emerging growth company³

See how the biggest companies compare on our leaderboards

Our business is directly related to the healthcare industry and is affected by healthcare spending and complexity in the healthcare data industry. The market for healthcare data and healthcare claims recovery solutions is large and growing. We estimate that our total potentially serviceable market is over $161.5 billion annually. Our primary focus is on the Medicare and Medicaid market segments. Medicare is the third largest government program, with estimated annual expenditures during 2023 of approximately $1,029.8 billion for approximately 68.0 million enrollees. Medicaid has a combined estimated annual expenditure during 2023 of approximately $871.7 billion for approximately 88.5 million enrollees. Of the billions spent yearly by Medicare on medical expenses for its beneficiaries, we estimate that at least 10% of this was improperly paid by private Medicare plans.⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-358.4%Return on equity²

-$16.6MFree cash flow²

Financial statements

Operating income⁵⁶²-$1.3B in 2024+38178% since 2020

Net income⁵⁶²-$360.5M in 2024+1387% since 2020

Fiscal year	2020	2021	2022	2023	2024
Operating expenses		$21.8M⁶	$354.9M⁶	$567.6M²	$1.3B²
Operating income	-$3.3M⁵	-$7.2M⁶	-$331.5M⁶	-$559.9M²	-$1.3B²
Interest	$20.9M⁵	$27.0M⁶	$121.0M⁶	$289.2M²	$420.0M²
Income before tax		-$33.1M⁶	-$401.9M⁶	-$835.1M²	-$1.6B²
Income tax	$0⁵	$0⁶	$0⁶	$0²	$0²
Net income	-$24.2M⁵	-$33.1M⁶	-$7.4M⁶	-$56.3M²	-$360.5M²
Earnings per share				-$158.02²	-$359.95²
Earnings per share (diluted)				-$158.02²	-$359.95²
Shares (weighted, basic)				356.6K shares²	1.0M shares²
Shares (weighted, diluted)				356.6K shares²	1.0M shares²

Total assets¹⁰¹¹⁵⁶²$1.9B in 2024+7332761% since 2019

Total liabilities¹⁰¹¹⁵⁶²$2.0B in 2024+7535478% since 2019

Shareholders’ equity¹¹⁵⁶²$100.6M in 2024

Cash⁵¹⁰¹¹²$12.3M in 2024+851% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024
Cash	$1.3M⁵	$1.0M¹⁰	$177.4K¹¹	$15.1M²	$11.6M²	$12.3M²
Receivables				$6.2M⁶	$217.0K²	$295.0K²
Current assets		$1.1M¹¹	$19.0M⁵	$51.4M⁶	$21.9M²	$15.5M²
Property, plant and equipment			$750.0K⁵	$3.4M⁶	$4.9M²	$5.2M²
Intangible assets			$84.2M⁵	$3.4B⁶	$3.1B²	$1.9B²
Total assets	$26.2K¹⁰	$231.2M¹¹	$104.0M⁵	$3.4B⁶	$3.2B²	$1.9B²
Accounts payable			$4.6M⁵	$8.4M⁶	$6.2M²	$14.0M²
Current liabilities	$27.2K¹⁰	$1.2M¹¹	$54.1M⁵	$115.7M⁶	$46.5M²	$1.3B²
Total liabilities	$27.2K¹⁰	$22.6M¹¹	$255.4M⁵	$1.2B⁶	$1.7B²	$2.0B²
Retained earnings			-$18.2M¹¹	-$29.2M⁶	-$85.6M²	-$446.1M²
Shareholders’ equity	-$1.0K¹¹	-$21.4M¹¹	-$155.8M⁵	$107.9M⁶	$272.4M²	$100.6M²

Cash from operations⁵⁶²-$16.1M in 2024+115050% since 2020

Capital spending⁵⁶²$525.0K in 2024+59% since 2020

Free cash flow⁵⁶²-$16.6M in 2024+4739% since 2020

Fiscal year	2020	2021	2022	2023	2024
Cash from operations	-$14.0K⁵	$2.2M⁶	-$80.6M⁶	-$40.0M²	-$16.1M²
Depreciation and amortization		$343.0K⁶	$424.0K⁶	$263.0K²	$277.0K²
Stock-based compensation			$20.1M⁶	$830.0K²	$0²
Capital spending	$330.0K⁵	$481.0K⁶	$3.0M⁶	$1.7M²	$525.0K²
Free cash flow	-$344.0K	$1.8M	-$83.6M	-$41.8M	-$16.6M
Cash from investing		-$2.0M⁶	-$5.7M⁶	$7.6M²	-$2.7M²
Cash from financing		-$10.5M⁶	$99.7M⁶	$29.0M²	$19.5M²

Compare MSP Recovery, Inc. with another company

Leadership

Who has led MSP Recovery, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Ophir Sternberg2020–2021

Chief financial officer

Chief operating officer

2025

Chief executive officerJohn Hasan Ruiz Jun 2, 2022 to Dec 17, 2024¹²
Chief executive officerOphir Sternberg Aug 13, 2020 to Jul 7, 2021¹³
PresidentOphir Sternberg Aug 13, 2020 to Jul 7, 2021¹³
Chief financial officerCalvin Hamstra Jun 30, 2022 to Jun 30, 2022¹⁴
Chief financial officerPaul Howard Rapisarda Aug 13, 2020 to Sep 23, 2022¹⁵
Chief operating officerRicardo Rivera Jun 15, 2022 to Sep 15, 2022¹⁶
Chief operating officerCala Faquiry Diaz Jul 15, 2021 to Jul 15, 2021¹⁷
Chief operating officerTrevor Barran Aug 13, 2020 to Jul 7, 2021¹⁸

Board members and other officers (16)

OfficerFrank Carlos Quesada Jun 2, 2022 to Jun 2, 2022¹⁹
OfficerRicardo Rivera Jun 2, 2022 to Jun 2, 2022²⁰
Board memberBeatriz Maria Assapimonwait Jun 2, 2022 to Jun 2, 2022²¹
Board memberFrank Carlos Quesada Jun 2, 2022 to Oct 2, 2023¹⁹
Board memberJohn Hasan Ruiz Jun 2, 2022 to Dec 17, 2024¹²
Board memberMayra Cristina Ruiz Jun 2, 2022 to Jun 8, 2022²²
Board memberMichael Frederick Arrigo Jun 2, 2022 to Dec 21, 2023²³
Board memberMrcs Series Jun 8, 2022 to Jun 8, 2022²⁴
Board memberRoger Meltzer Apr 5, 2021 to Dec 21, 2023²⁵
Board memberThomas W. Hawkins Jul 19, 2021 to Dec 21, 2023²⁶
Board memberOphir Sternberg Aug 13, 2020 to Dec 21, 2023¹³
Board memberSteven R. Berrard Aug 13, 2020 to Aug 13, 2020²⁷
Board memberTrevor Barran Aug 13, 2020 to Jul 7, 2021¹⁸
Board memberAman Kapadia Aug 14, 2020 to Jul 7, 2021²⁸
General counselAlexandra Marie Plasencia Jun 2, 2022 to Jun 15, 2022²⁹
General counselFrank Carlos Quesada Jun 8, 2022 to Oct 2, 2023²⁴

Former names

Lionheart Acquisition Corp. IIMar 10, 2020 to May 24, 2022³
Lionheart Acquisition Corp.Feb 13, 2020 to May 29, 2020³

Timeline

Jun 2, 2022New chief executive John Hasan Ruiz becomes CEO¹²
Aug 13, 2020New chief executive Ophir Sternberg becomes CEO¹³

Filings

669 filings to the SEC since October 2021: 6 annual reports, 13 quarterly reports, 112 major events, 104 insider forms, 46 large holders, 388 other. The latest 20:

Oct 1, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Oct 1, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Oct 1, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Oct 1, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Oct 1, 20268-K CURRENT REPORT EDGAR
Aug 31, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 31, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 31, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 31, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 31, 20268-K CURRENT REPORT EDGAR
Aug 26, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
Aug 14, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 14, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 14, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 14, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 14, 20268-K CURRENT REPORT EDGAR
Aug 3, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 3, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 3, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
Aug 3, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR

The 669 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

101 open-market trades by officers, directors and large owners since October 2021: 24 buys and 77 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Dec 13, 2024	Ruiz Mayra Cristina10% owner	Sale	16,000			Form 4
Dec 13, 2024	Ruiz John HasanChief Executive Officer	Sale	16,000			Form 4
Nov 6, 2024	Palantir Technologies Inc.10% owner	Sale	506,296	$0.13	$65.8K	Form 4
Nov 5, 2024	Palantir Technologies Inc.10% owner	Sale	340,300	$0.11	$37.4K	Form 4
Nov 4, 2024	Palantir Technologies Inc.10% owner	Sale	111,760	$0.10	$11.2K	Form 4
Nov 1, 2024	Palantir Technologies Inc.10% owner	Sale	337,174	$0.11	$37.1K	Form 4
Oct 31, 2024	Palantir Technologies Inc.10% owner	Sale	381,487	$0.11	$42.0K	Form 4
Oct 30, 2024	Palantir Technologies Inc.10% owner	Sale	55,921	$0.12	$6.7K	Form 4
Aug 28, 2024	Ruiz John HasanChief Executive Officer	Buy	50,000	$0.24	$12.0K	Form 4
Aug 22, 2024	Ruiz John HasanChief Executive Officer	Buy	360,620	$0.28	$101.0K	Form 4
Aug 21, 2024	Ruiz John HasanChief Executive Officer	Buy	100,000	$0.28	$28.0K	Form 4
Aug 20, 2024	Ruiz John HasanChief Executive Officer	Buy	100,000	$0.25	$25.0K	Form 4
Aug 19, 2024	Ruiz John HasanChief Executive Officer	Buy	100,000	$0.25	$25.0K	Form 4
Aug 16, 2024	Ruiz John HasanChief Executive Officer	Buy	168,000	$0.25	$42.0K	Form 4
Apr 2, 2024	Cano Health, Inc.10% owner	Sale	1,109,500	$0.88	$976.4K	Form 4
Apr 1, 2024	Cano Health, Inc.10% owner	Sale	30,376	$0.67	$20.4K	Form 4
Mar 28, 2024	Cano Health, Inc.10% owner	Sale	25,778	$0.69	$17.8K	Form 4
Mar 27, 2024	Cano Health, Inc.10% owner	Sale	24,935	$0.70	$17.5K	Form 4
Mar 26, 2024	Cano Health, Inc.10% owner	Sale	20,000	$0.73	$14.6K	Form 4
Mar 25, 2024	Cano Health, Inc.10% owner	Sale	23,600	$0.74	$17.5K	Form 4

All 101 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Palantir TechnologiesSCHEDULE 13G/A, 5 filings Apr 1, 2024 to Apr 8, 2025³⁰
John Hasan RuizSCHEDULE 13D/A, 3 filings Jun 2, 2022 to Mar 5, 2025³¹
Virage Capital Management LPSCHEDULE 13G, 2 filings Nov 14, 2024 to Feb 13, 2025³²
BlackRockSCHEDULE 13G/A, 3 filings Oct 24, 2024 to Feb 5, 2025³³
VANGUARD GROUP INCSC 13G/A, 2 filings Feb 9, 2023 to Feb 13, 2024³⁴
YA II PN, Ltd.SC 13G, 1 filing Nov 22, 2023³⁵
CF Principal Investments LLCSC 13G/A, 2 filings Jun 1, 2022 to Feb 14, 2023³⁶
MARSHALL WACE, LLPSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2023³⁷
Magnetar Financial LLCSC 13G/A, 2 filings Jan 28, 2022 to Jan 24, 2023³⁸
Boris HirmasSC 13G, 1 filing Jul 12, 2022³⁹
Cala Faquiry DiazSC 13G, 1 filing Jul 12, 2022⁴⁰
JLS Equities LLCSC 13G, 1 filing Jul 12, 2022⁴¹
Jessica WasserstromSC 13G, 1 filing Jul 12, 2022⁴²
Leviathan Group LLCSC 13G, 1 filing Jul 12, 2022⁴³
Lionheart Equities, LLCSC 13D/A, 2 filings Jun 7, 2022 to Jul 12, 2022⁴⁴
Oliver SPV Holdings LLCSC 13G, 1 filing Jul 12, 2022⁴⁵
Paul Howard RapisardaSC 13G, 1 filing Jul 12, 2022⁴⁶
Lawrence FeisSC 13G, 1 filing May 13, 2022⁴⁷

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
LRI Investments, LLC	1	$0	0.0%	No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARMSP Recovery, Inc. filings on SEC EDGAR
2
SEC EDGARMSP Recovery, Inc. 10-K for fiscal 2024
3
SEC EDGARMSP Recovery, Inc. filings on SEC EDGAR
4
SEC EDGARMSP Recovery, Inc. annual report, Item 1 (Business)
5
SEC EDGARMSP Recovery, Inc. 10-K for fiscal 2020
6
SEC EDGARMSP Recovery, Inc. 10-K for fiscal 2021
7
SEC EDGARMSP Recovery, Inc. 10-Q for fiscal 2025
8
SEC EDGARMSP Recovery, Inc. 10-Q for fiscal 2025
9
SEC EDGARMSP Recovery, Inc. 10-Q for fiscal 2025
10
SEC EDGARMSP Recovery, Inc. 10-K for fiscal 2019
11
SEC EDGARMSP Recovery, Inc. 10-K for fiscal 2020
12
SEC EDGARJohn Hasan Ruiz, Chief executive officer
13
SEC EDGAROphir Sternberg, Chief executive officer
14
SEC EDGARCalvin Hamstra, Chief financial officer
15
SEC EDGARPaul Howard Rapisarda, Chief financial officer
16
SEC EDGARRicardo Rivera, Chief operating officer
17
SEC EDGARCala Faquiry Diaz, Chief operating officer
18
SEC EDGARTrevor Barran, Chief operating officer
19
SEC EDGARFrank Carlos Quesada, Officer
20
SEC EDGARRicardo Rivera, Officer
21
SEC EDGARBeatriz Maria Assapimonwait, Board member
22
SEC EDGARMayra Cristina Ruiz, Board member
23
SEC EDGARMichael Frederick Arrigo, Board member
24
SEC EDGARMrcs Series, Board member
25
SEC EDGARRoger Meltzer, Board member
26
SEC EDGARThomas W. Hawkins, Board member
27
SEC EDGARSteven R. Berrard, Board member
28
SEC EDGARAman Kapadia, Board member
29
SEC EDGARAlexandra Marie Plasencia, General counsel
30
SEC EDGARPalantir Technologies SCHEDULE 13G/A on MSP Recovery, Inc.
31
SEC EDGARJohn Hasan Ruiz SCHEDULE 13D/A on MSP Recovery, Inc.
32
SEC EDGARVirage Capital Management LP SCHEDULE 13G on MSP Recovery, Inc.
33
SEC EDGARBlackRock SCHEDULE 13G/A on MSP Recovery, Inc.
34
SEC EDGARVANGUARD GROUP INC SC 13G/A on MSP Recovery, Inc.
35
SEC EDGARYA II PN, Ltd. SC 13G on MSP Recovery, Inc.
36
SEC EDGARCF Principal Investments LLC SC 13G/A on MSP Recovery, Inc.
37
SEC EDGARMARSHALL WACE, LLP SC 13G/A on MSP Recovery, Inc.
38
SEC EDGARMagnetar Financial LLC SC 13G/A on MSP Recovery, Inc.
39
SEC EDGARBoris Hirmas SC 13G on MSP Recovery, Inc.
40
SEC EDGARCala Faquiry Diaz SC 13G on MSP Recovery, Inc.
41
SEC EDGARJLS Equities LLC SC 13G on MSP Recovery, Inc.
42
SEC EDGARJessica Wasserstrom SC 13G on MSP Recovery, Inc.
43
SEC EDGARLeviathan Group LLC SC 13G on MSP Recovery, Inc.
44
SEC EDGARLionheart Equities, LLC SC 13D/A on MSP Recovery, Inc.
45
SEC EDGAROliver SPV Holdings LLC SC 13G on MSP Recovery, Inc.
46
SEC EDGARPaul Howard Rapisarda SC 13G on MSP Recovery, Inc.
47
SEC EDGARLawrence Feis SC 13G on MSP Recovery, Inc.