P3 Health Partners Inc. (PIII) Financial Statements
Industry: Health Services (Services)
In fiscal 2025, P3 Health Partners reported revenue of $1.46B, down 2.8% from $1.50B the year before. Net income was -$147.9M (a -10.1% net margin), or -$45.26 per diluted share. Operating margin was -18.5%. Operating activities generated -$91.2M of cash. At fiscal year end, P3 Health Partners held $656.6M in total assets against $796.9M in total liabilities, including $25.0M of cash and equivalents.
Open the full interactive P3 Health Partners financials → Quarterly statements, key ratios, valuation history and price charts.
P3 Health Partners Key Stats
| Share Price | $4.03 |
|---|---|
| Market Cap | $13.5M |
| Revenue YoY Growth | -2.8% |
| 52-Week Range | $1.52 – $16.47 |
| Shares Outstanding | 3.4 million (basic, 2026 Q2) |
P3 Health Partners Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $637.4M | $1.05B | $1.27B | $1.50B | $1.46B |
| Operating Income | -$187.9M | -$1.56B | -$167.9M | -$320.7M | -$270.3M |
| Pre-Tax Income | -$204.3M | -$1.56B | -$183.7M | -$306.0M | -$321.1M |
| Income Tax | $0 | $1.9M | $2.7M | $4.4M | $2.0M |
| Net Income | -$156.5M | -$270.1M | -$57.8M | -$135.8M | -$147.9M |
| Diluted EPS | — | -$325.00 | -$31.50 | -$54.00 | -$45.26 |
P3 Health Partners Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $345.3M | $384.8M | $386.4M | $386.4M |
| Net Income | -$31.6M | -$75.5M | $1.2M | $7.4M |
| Diluted EPS | -$9.67 | -$23.10 | $0.32 | -$0.63 |
P3 Health Partners Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $140.5M | $17.5M | $36.3M | $38.8M | $25.0M |
| Current Assets | $199.9M | $100.7M | $166.0M | $184.1M | $133.1M |
| Total Assets | $2.36B | $876.6M | $861.0M | $783.4M | $656.6M |
| Current Liabilities | $198.8M | $241.7M | $299.4M | $496.4M | $545.3M |
| Total Long-Term Debt | $80.0M | $94.4M | $108.3M | $154.8M | $273.4M |
| Total Liabilities | $299.9M | $353.9M | $427.3M | $633.9M | $796.9M |
| Shareholders' Equity | $273.6M | $5.9M | $142.1M | $75.9M | -$155.2M |
P3 Health Partners Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$66.5M | -$126.0M | -$76.0M | -$110.1M | -$91.2M |
| Cash From Investing | -$56.1M | -$7.7M | -$1.8M | $14.5M | $129,000 |
| Cash From Financing | $223.5M | $11.4M | $100.3M | $98.8M | $72.8M |
| Free Cash Flow | -$69.9M | -$128.3M | -$77.9M | -$110.1M | — |
Figures from P3 Health Partners' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full P3 Health Partners financials page for every line item.
P3 Health Partners Company Profile
| Ticker | PIII |
|---|---|
| Exchange | Nasdaq |
| Industry | Health Services (Services) |
| Headquarters | Chicago, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001832511 |
Frequently Asked Questions
What was P3 Health Partners' revenue in fiscal 2025?
P3 Health Partners (PIII) reported revenue of $1.46B for fiscal 2025.
What is P3 Health Partners' annual revenue history?
P3 Health Partners' annual revenue by fiscal year: 2021: $637.4M; 2022: $1.05B; 2023: $1.27B; 2024: $1.50B; 2025: $1.46B.
What was P3 Health Partners' net income in fiscal 2025?
P3 Health Partners reported net income of -$147.9M for fiscal 2025.
What was P3 Health Partners' earnings per share (EPS) in fiscal 2025?
P3 Health Partners' diluted EPS was -$45.26 for fiscal 2025 (adjusted for any later stock splits).
What was P3 Health Partners' revenue last quarter?
In its most recent reported quarter (2026 Q2), P3 Health Partners reported revenue of $386.4M.
How much debt does P3 Health Partners have?
P3 Health Partners reported $273.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of P3 Health Partners are outstanding?
P3 Health Partners reported a weighted average of 3.4 million basic shares outstanding in 2026 Q2.
What is P3 Health Partners' market cap?
Based on its latest closing price, P3 Health Partners (PIII) has a market capitalization of about $13.5M.
When does P3 Health Partners' fiscal year end?
P3 Health Partners' fiscal year end, as registered with the SEC, is December 31.
Where is P3 Health Partners headquartered?
P3 Health Partners lists its business address in Chicago, Illinois in its SEC filings.