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MSP Recovery (MSPR) investor relations material
MSP Recovery Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary19 Nov, 2025
Executive summary
Report covers the quarter ended September 30, 2025, with a focus on healthcare claims recovery and data analytics operations.
The company continues to face significant liquidity challenges and has incurred substantial net losses since inception.
A 1-for-7 reverse stock split was effected on September 1, 2025, to maintain Nasdaq listing compliance.
The company is at risk of delisting from Nasdaq due to non-compliance with minimum stockholders' equity requirements.
Financial highlights
Total revenue for Q3 2025 was $0.2 million, down 95% year-over-year; nine-month revenue was $1.6 million, down 84%.
Net loss for Q3 2025 was $245.5 million, a 29% increase from Q3 2024; nine-month net loss was $723.3 million, up 25%.
Operating loss for Q3 2025 was $123.8 million; for the nine months, $375.5 million.
Interest expense rose to $130.5 million in Q3 2025 and $374.0 million for the nine months, mainly due to increased debt obligations.
Cash at September 30, 2025 was $1.8 million, down from $12.3 million at year-end 2024.
Accumulated deficit reached $878.6 million as of September 30, 2025.
Outlook and guidance
Management has concluded that plans are insufficient to alleviate substantial doubt about the company's ability to continue as a going concern.
The Yorkville SEPA is currently the sole source of liquidity; if unavailable, insolvency or bankruptcy may be required.
No formal financial guidance provided; future revenue depends on successful claims recovery and additional financing.
Yorkville SEPA: What's the next liquidity step?
How to improve the 0.11x Recovery Multiple?
What is the plan for the $15.7M Menendez judgment?
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Next MSP Recovery earnings date
Q4 202521 Apr, 2026
Next MSP Recovery earnings date
Q4 202521 Apr, 2026
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Frequently asked questions
MSP Recovery Inc., now operating as LifeWallet, provides healthcare data analytics and recovery services to identify and recover improper healthcare payments. The company specializes in leveraging proprietary technology and legal expertise to address inefficiencies in the healthcare reimbursement system, focusing on recovering funds on behalf of Medicare, Medicaid, and commercial insurance payers. LifeWallet's platform is designed to detect, manage, and recover claims that have been improperly paid due to errors, fraud, or non-compliance with regulations. The company is headquartered in Coral Gables, Florida, and its shares are listed on the NASDAQ.
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