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MSP Recovery

MSPR
6
Medical - Healthcare Information Services · Healthcare
Price
$0.01
-0.00 (-0.00%)
Market Cap
$179,067
Winston Score
6
Winston is worried
Weak fundamentals across most pillars.

Share count falling — buybacks

88.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 8.7M (2020) → 1.0M (2024)

MSP Recovery is a company that helps health insurers, Medicare plans, and other healthcare payers get back money they were overcharged or wrongly billed. When someone gets injured and another party — like a car insurance company — should have paid the medical bill, MSP Recovery tracks down those cases and files claims to recover the funds. The company operates in the U.S. healthcare payment and legal recovery space.

MSP Recovery makes money by taking a share of the funds it successfully recovers on behalf of its clients. It operates entirely in the United States and works with a large portfolio of assigned healthcare claims, which it uses as the basis for legal and administrative recovery actions. The company faces significant financial pressure, as its very large operating losses show that recovery efforts are slow and expensive relative to current revenues, and its ability to turn its claims portfolio into consistent cash collections remains the central challenge to long-term viability.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-94.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-321.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (18%)

Research and development spending

Insider Activity

1.9%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

MSP Recovery's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-26.8%
Thin — -26.8% gross margin
Operating Margin
-62501.5%
Losing money on operations — -62501.5%
ROCE
-62.6%
Weak — -62.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-8.6%
Shrinking sales (-8.6% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-112.9%
Burning cash (-112.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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