PIII · P3 Health Partners Inc. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“As of the date of this Form 10-Q, we believe that our existing cash resources are not sufficient to support planned operations for at least the next year from the issuance of the unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q. As a result, we have concluded that there is substantial doubt about our ability to continue as a going concern within one year after the date the unaudited condensed consolidated financial statements included elsewhere in this Form 10-Q are issued.”View the 10-Q filed Aug 10, 2026
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| $1.5B | $1.46B | $1.5BG | $1.27B | $1.05B | $491.06M | $145.48M | |
| -$60.79M | -$55.03M | -$22.17M | -$15.99M | -$11.4M | -$2.53M | -$2.53M | |
| $964K | $918K | $1.33M | $3.23M | $5.1M | $1.5M | $801.69K | |
| $115.8M | $106.31M | $112.6M | $122.36M | $157.28M | $53.39M | $36.42M | |
| $82.1M | $81.9M | $83.7M | $84.3M | $84.8M | — | — | |
| $84.15M | $84.16M | $86.06M | $86.68M | $87.29M | $795.17K | $399.18K | |
| $1.65B | $1.73B | $1.82B | $1.43B | $2.61B | $519.65M | $185.02M | |
| -$148.63M | -$270.3M | -$320.66M | -$167.93M | -$1.56B | -$28.59M | -$39.54M | |
| — | -18.53% | -21.37% | -13.26% | -148.73% | -5.82% | -27.18% | |
| -$64.48M | -$186.14M | -$234.6M | -$81.26M | -$1.47B | -$27.79M | -$39.14M | |
| -$78.62M | -$50.76M | $14.67M | -$15.8M | $1.22M | -$2.82M | -$2.44M | |
| -$227.25M | -$321.06M | -$305.99M | -$183.73M | -$1.56B | -$31.41M | -$41.97M | |
| -$10.76M | $2.03M | $4.39M | $2.7M | $1.86M | $0 | $0 | |
| -$98.44M | -$147.95M | -$135.85M | -$57.77M | -$270.13M | -$31.41M | -$41.97M | |
| — | -10.14% | -9.05% | -4.56% | -25.74% | -6.4% | -28.85% | |
| -$118.05M | -$175.14M | -$174.53M | -$128.65M | -$1.29B | — | — | |
| — | — | — | — | -$270.13M | — | — | |
| USD/shares | -$33.01 | -$45.26 | -$46.78 | -$30.50 | -$325.00 | — | — |
| USD/shares | -$33.06 | -$45.26 | -$54.06 | -$31.50 | -$325.00 | — | — |
| shares | — | 3.27M | 2.9M | 1.9M | 831.58K | — | — |
| shares | — | 3.27M | 2.94M | 5.89M | 831.58K | — | — |
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 18 similar-size Medical Care Facilities companies (of 56 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Single Reportable Segment | $1,459,080,000 | $1,500,455,000 | $1,266,375,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Capitated Revenue | $1,428,979,000 | $1,483,602,000 | $1,252,309,000 | $1,034,800,000 | $480,739,577 | $139,332,707 |
| Health Care Patient Service | $30,101,000 | $16,853,000 | $14,066,000 | $14,671,000 | $10,323,948 | $6,149,405 |
| Health Care Incentive Fees | $16,222,000 | $356,000 | $573,000 | $238,000 | — | — |
| Health Care Care Coordination Management Fees | $10,823,000 | $10,563,000 | $8,301,000 | $7,924,000 | — | — |
| Health Care Clinical Fees Insurance Revenue | $3,056,000 | $5,934,000 | $5,192,000 | $6,158,000 | — | — |
| Health Care Shared Risk Revenue | — | — | $0 | $351,000 | — | — |