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P3 Health Partners (PIIIW) Financials

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$0.01 +0.00 (+13.93%)
As of 01:07 PM Eastern
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Annual Income Statements for P3 Health Partners

Annual Income Statements for P3 Health Partners

This table shows P3 Health Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
-42 -31 -270 -58 -136
Consolidated Net Income / (Loss)
-42 -31 -1,562 -186 -310
Net Income / (Loss) Continuing Operations
-42 -31 -1,562 -186 -310
Total Pre-Tax Income
-42 -31 -1,560 -184 -306
Total Operating Income
-40 -29 -1,561 -168 -321
Total Gross Profit
145 491 1,049 1,266 1,500
Total Revenue
145 491 1,049 1,266 1,500
Operating Revenue
145 491 1,049 1,266 1,500
Total Cost of Revenue
0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
185 520 2,610 1,434 1,821
Selling, General & Admin Expense
36 53 157 122 113
Marketing Expense
0.80 1.50 5.10 3.23 1.33
Depreciation Expense
0.40 0.80 87 87 86
Other Operating Expenses / (Income)
147 464 1,046 1,222 1,613
Other Special Charges / (Income)
- - - - 8.06
Total Other Income / (Expense), net
-2.44 -2.82 1.22 -16 15
Interest Expense
2.53 2.53 11 16 22
Other Income / (Expense), net
0.10 -0.29 13 0.18 37
Income Tax Expense
0.00 0.00 1.86 2.70 4.39
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 0.00 -1,291 -129 -175
Basic Earnings per Share
$0.00 $0.00 ($6.50) ($0.61) ($46.78)
Weighted Average Basic Shares Outstanding
- - 41.58M 94.89M 2.90M
Diluted Earnings per Share
$0.00 $0.00 ($6.50) ($0.63) ($54.06)
Weighted Average Diluted Shares Outstanding
- - 41.58M 294.59M 2.94M
Weighted Average Basic & Diluted Shares Outstanding
- - 41.58K 315.90M 7.21M

Quarterly Income Statements for P3 Health Partners

This table shows P3 Health Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
-13 -25 -19 -12 -47 -59 -20 -20 -32 1.22
Consolidated Net Income / (Loss)
-37 -69 -50 -29 -103 -129 -44 -44 -69 3.04
Net Income / (Loss) Continuing Operations
-37 -69 -50 -29 -103 -129 -44 -44 -69 3.04
Total Pre-Tax Income
-37 -67 -48 -28 -106 -124 -43 -42 -69 -7.96
Total Operating Income
-34 -64 -44 -31 -107 -139 -38 -34 -44 8.24
Total Gross Profit
288 347 388 379 362 371 373 356 345 386
Total Revenue
288 347 388 379 362 371 373 356 345 386
Operating Revenue
288 347 388 379 362 371 373 356 345 386
Total Cost of Revenue
0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
Total Operating Expenses
322 411 432 410 469 509 411 390 389 378
Selling, General & Admin Expense
33 24 27 27 27 31 25 23 22 26
Marketing Expense
0.65 0.72 0.32 0.41 0.13 0.46 0.18 0.15 0.25 0.23
Depreciation Expense
22 22 22 22 22 21 21 21 21 21
Other Operating Expenses / (Income)
267 364 383 362 420 448 365 345 346 331
Total Other Income / (Expense), net
-3.06 -3.08 -3.70 3.53 0.54 14 -5.09 -7.56 -25 -16
Interest Expense
4.00 4.05 4.26 5.44 5.65 6.83 8.73 10 21 17
Other Income / (Expense), net
0.95 0.97 0.55 8.96 6.18 21 3.64 2.59 -4.70 0.57
Income Tax Expense
0.41 1.77 2.07 0.97 -3.61 4.95 1.07 1.98 0.01 -11
Net Income / (Loss) Attributable to Noncontrolling Interest
-24 -44 -31 -17 -56 -71 -24 -23 -38 1.82
Basic Earnings per Share
($0.12) ($0.18) ($7.86) ($4.40) ($14.36) ($0.40) ($6.28) ($6.23) ($9.67) $0.37
Weighted Average Basic Shares Outstanding
114.20M 94.89M 2.38M 2.73M 3.24M 145.18M 3.26M 3.27M 3.27M 3.29M
Diluted Earnings per Share
($0.12) ($0.20) ($7.86) ($7.37) ($15.70) ($0.46) ($6.28) ($6.23) ($9.67) $0.32
Weighted Average Diluted Shares Outstanding
312.68M 294.59M 2.38M 2.82M 3.29M 147.00M 3.26M 3.27M 3.27M 8.42M
Weighted Average Basic & Diluted Shares Outstanding
313.09M 315.90M 316.11M 357.72M 358.82M 359.12M 7.19M 7.19M 7.21M 7.24M

Annual Cash Flow Statements for P3 Health Partners

This table details how cash moves in and out of P3 Health Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
31 7.00 -122 22 -11
Net Cash From Operating Activities
-28 -25 -126 -76 -110
Net Cash From Continuing Operating Activities
-28 -25 -126 -76 -110
Net Income / (Loss) Continuing Operations
-42 -31 -1,562 -186 -310
Consolidated Net Income / (Loss)
-42 -31 -1,562 -186 -310
Depreciation Expense
0.40 0.80 87 87 86
Amortization Expense
0.00 0.23 0.00 0.47 0.09
Non-Cash Adjustments To Reconcile Net Income
11 -1.72 1,330 -28 129
Changes in Operating Assets and Liabilities, net
2.19 7.52 18 51 -15
Net Cash From Investing Activities
-3.86 -3.17 -7.73 -1.83 15
Net Cash From Continuing Investing Activities
-3.86 -3.17 -7.73 -1.83 0.00
Purchase of Property, Plant & Equipment
-1.45 -2.93 -2.23 -1.83 0.00
Sale of Property, Plant & Equipment
- - - 0.00 0.00
Net Cash From Financing Activities
64 35 11 100 99
Net Cash From Continuing Financing Activities
64 35 11 100 99
Repayment of Debt
-15 -1.49 -3.63 -0.17 -31
Issuance of Debt
78 36 15 14 90
Issuance of Common Equity
- - 0.00 87 40
Other Financing Activities, net
0.00 0.00 0.00 -0.19 -0.58
Cash Interest Paid
0.56 0.69 5.71 5.81 14
Cash Income Taxes Paid
- - 0.00 0.57 5.48

Quarterly Cash Flow Statements for P3 Health Partners

This table details how cash moves in and out of P3 Health Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Change in Cash & Equivalents
-8.06 -17 -8.63 46 -10 -24 -2.81 -1.97 -0.87 0.30
Net Cash From Operating Activities
-7.59 -16 -20 -10 -23 -57 -33 -17 -15 -27
Net Cash From Continuing Operating Activities
-7.59 -16 -20 -10 -23 -57 -33 -17 -15 -27
Net Income / (Loss) Continuing Operations
-37 -69 -50 -29 -103 -129 -44 -44 -69 3.04
Consolidated Net Income / (Loss)
-37 -69 -50 -29 -103 -129 -44 -44 -69 3.04
Depreciation Expense
22 22 22 22 22 21 21 21 21 21
Amortization Expense
0.07 0.07 -0.14 0.05 0.10 0.07 0.33 0.07 11 2.80
Non-Cash Adjustments To Reconcile Net Income
6.60 -8.77 -33 34 14 65 2.21 12 27 -53
Changes in Operating Assets and Liabilities, net
1.32 40 41 -37 44 -15 -13 -6.50 -5.02 -1.49
Net Cash From Investing Activities
-0.39 0.21 0.00 - 15 -0.48 0.00 0.05 -0.12 -0.04
Net Cash From Continuing Investing Activities
-0.39 0.21 0.00 - 15 -0.48 0.00 0.05 -0.12 -0.04
Other Investing Activities, net
- - - - - - 0.00 - - -0.04
Net Cash From Financing Activities
-0.09 -0.84 11 56 -2.49 34 31 15 15 28
Net Cash From Continuing Financing Activities
-0.09 -0.84 11 56 -2.49 34 31 15 15 28
Repayment of Debt
- - -0.43 -0.61 -0.72 -29 -0.48 -0.38 -0.33 -0.24
Issuance of Debt
-0.00 - 12 15 - 63 31 15 15 28

Annual Balance Sheets for P3 Health Partners

This table presents P3 Health Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2025 12/31/2025
Total Assets
106 2,364 877 861 657 657
Total Current Assets
91 200 101 166 133 133
Cash & Equivalents
36 140 18 36 25 25
Restricted Cash
3.64 0.36 0.92 4.61 0.80 0.80
Note & Lease Receivable
- - 72 118 92 92
Prepaid Expenses
5.19 6.96 2.64 3.61 11 11
Other Current Assets
46 51 7.50 2.97 3.38 3.38
Plant, Property, & Equipment, net
6.15 8.05 8.84 8.69 3.37 3.37
Total Noncurrent Assets
9.40 2,156 767 686 520 520
Intangible Assets
0.00 836 751 667 492 492
Other Noncurrent Operating Assets
4.73 11 16 20 28 28
Total Liabilities & Shareholders' Equity
106 2,364 877 861 657 657
Total Liabilities
146 300 354 427 797 797
Total Current Liabilities
91 199 242 299 545 545
Short-Term Debt
0.09 3.63 - 0.00 45 45
Accounts Payable
12 5.47 12 8.66 12 12
Accrued Expenses
4.00 19 17 37 42 43
Current Employee Benefit Liabilities
- - 8.22 3.51 1.95 1.95
Other Current Liabilities
71 162 191 227 444 444
Total Noncurrent Liabilities
55 101 112 128 252 252
Long-Term Debt
45 80 94 108 228 228
Other Noncurrent Operating Liabilities
9.95 21 18 20 23 23
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
181 1,791 517 292 15 15
Total Equity & Noncontrolling Interests
-130 274 5.85 142 -155 -155
Total Preferred & Common Equity
-130 274 5.85 142 -155 -155
Total Common Equity
-130 274 5.85 142 -155 -155
Common Stock
0.00 313 315 509 496 496
Retained Earnings
-130 -39 -310 -367 -651 -651
Noncontrolling Interest
- - - - - 0.00

Quarterly Balance Sheets for P3 Health Partners

This table presents P3 Health Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
897 856 893 833 784 732 684 674
Total Current Assets
180 183 242 215 191 157 136 172
Cash & Equivalents
53 27 73 63 40 39 38 25
Restricted Cash
4.88 5.01 5.12 5.14 1.21 0.75 0.75 0.61
Note & Lease Receivable
117 144 153 123 129 93 82 125
Prepaid Expenses
2.80 6.91 8.48 11 15 16 11 12
Other Current Assets
2.23 0.05 2.17 2.50 5.41 7.57 3.74 9.06
Plant, Property, & Equipment, net
9.36 8.12 7.54 6.32 5.31 4.69 3.90 2.96
Total Noncurrent Assets
708 665 643 612 587 570 544 499
Intangible Assets
688 646 625 595 554 533 513 473
Other Noncurrent Operating Assets
20 19 18 17 33 37 31 26
Total Liabilities & Shareholders' Equity
897 856 893 833 784 732 684 674
Total Liabilities
396 470 528 569 663 644 665 807
Total Current Liabilities
267 334 352 405 507 505 424 525
Short-Term Debt
- 1.44 0.83 0.21 66 80 39 52
Accounts Payable
12 12 7.99 13 12 14 9.93 12
Accrued Expenses
21 29 40 49 28 30 36 43
Current Employee Benefit Liabilities
5.63 5.05 3.74 4.41 3.22 1.16 1.35 2.77
Other Current Liabilities
208 259 268 301 386 352 338 416
Total Noncurrent Liabilities
129 137 176 164 156 139 241 282
Long-Term Debt
108 118 133 133 106 102 214 260
Other Noncurrent Operating Liabilities
20 19 43 31 50 37 26 22
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
313 239 198 143 58 43 38 10
Total Equity & Noncontrolling Interests
188 147 167 121 63 44 -19 -144
Total Preferred & Common Equity
188 147 167 121 63 44 -19 -145
Total Common Equity
188 147 167 121 63 44 -19 -145
Common Stock
530 533 565 565 587 588 557 505
Retained Earnings
-342 -386 -398 -445 -524 -544 -576 -650
Noncontrolling Interest
- - - - - - - 1.36

Annual Metrics And Ratios for P3 Health Partners

This table displays calculated financial ratios and metrics derived from P3 Health Partners' official financial filings.

Metric 2019 2020 2022 2023 2024
Period end date 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - -
Revenue Growth
0.00% 237.54% 0.00% 20.67% 18.48%
EBITDA Growth
0.00% 28.64% 0.00% 94.48% -145.25%
EBIT Growth
0.00% 26.77% 0.00% 89.17% -69.20%
NOPAT Growth
0.00% 27.69% 0.00% 89.24% -90.95%
Net Income Growth
0.00% 25.16% 0.00% 88.06% -66.49%
EPS Growth
0.00% 0.00% 0.00% 90.31% -71.43%
Operating Cash Flow Growth
0.00% 13.05% 0.00% 39.67% -44.85%
Free Cash Flow Firm Growth
0.00% 0.00% 0.00% 0.00% 193.27%
Invested Capital Growth
0.00% 0.00% 0.00% -14.36% -48.03%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 7.53% 1.61%
EBITDA Q/Q Growth
0.00% 0.00% 0.00% 85.20% -38.11%
EBIT Q/Q Growth
0.00% 0.00% 0.00% 73.46% -23.53%
NOPAT Q/Q Growth
0.00% 0.00% 0.00% 73.77% -30.13%
Net Income Q/Q Growth
0.00% 0.00% 0.00% 71.30% -23.98%
EPS Q/Q Growth
0.00% 0.00% 0.00% 76.49% -31.71%
Operating Cash Flow Q/Q Growth
0.00% 0.00% 0.00% 17.45% -60.14%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -133.48% -38.31%
Invested Capital Q/Q Growth
0.00% 0.00% -44.78% -8.43% -23.37%
Profitability Metrics
- - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
-26.83% -5.67% -139.21% -6.36% -13.17%
Operating Margin
-27.18% -5.82% -148.73% -13.26% -21.37%
EBIT Margin
-27.11% -5.88% -147.53% -13.25% -18.92%
Profit (Net Income) Margin
-28.85% -6.40% -148.79% -14.72% -20.69%
Tax Burden Percent
100.00% 100.00% 100.12% 101.47% 101.43%
Interest Burden Percent
106.42% 108.77% 100.74% 109.53% 107.81%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% -178.34% -20.67% -56.30%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% -699.21% -96.75% -136.54%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% -120.44% -18.32% -50.14%
Return on Equity (ROE)
0.00% -61.38% -298.77% -38.99% -106.44%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% -5.20% 6.92%
Operating Return on Assets (OROA)
0.00% -27.13% -95.55% -19.31% -34.52%
Return on Assets (ROA)
0.00% -29.51% -96.37% -21.46% -37.75%
Return on Common Equity (ROCE)
0.00% 155.95% -32.27% -6.03% -39.80%
Return on Equity Simple (ROE_SIMPLE)
0.00% 24.16% 0.00% -131.17% -408.74%
Net Operating Profit after Tax (NOPAT)
-28 -20 -1,093 -118 -224
NOPAT Margin
-19.02% -4.08% -104.11% -9.28% -14.96%
Net Nonoperating Expense Percent (NNEP)
0.00% -28.12% 520.88% 76.08% 80.23%
Return On Investment Capital (ROIC_SIMPLE)
- - - -46.94% -97.27%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
25.04% 10.87% 14.99% 9.66% 7.50%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
127.18% 105.82% 248.73% 113.26% 121.37%
Earnings before Interest and Taxes (EBIT)
-39 -29 -1,548 -168 -284
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-39 -28 -1,461 -81 -198
Valuation Ratios
- - - - -
Price to Book Value (P/BV)
0.00 0.00 76.57 3.11 1.06
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.89 0.56 0.43 0.35 0.05
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 1.70 1.53 0.97
Enterprise Value to Revenue (EV/Rev)
0.00 0.94 0.99 0.63 0.18
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 46.75 0.00 0.00 9.61
Leverage & Solvency
- - - - -
Debt to Equity
0.00 0.89 0.18 0.25 1.04
Long-Term Debt to Equity
0.00 0.89 0.18 0.25 0.60
Financial Leverage
0.00 -1.58 0.17 0.19 0.37
Leverage Ratio
0.00 2.08 1.25 1.82 2.82
Compound Leverage Factor
0.00 2.26 1.26 1.99 3.04
Debt to Total Capital
0.00% 47.05% 15.30% 19.99% 50.87%
Short-Term Debt to Total Capital
0.00% 0.09% 0.00% 0.00% 21.36%
Long-Term Debt to Total Capital
0.00% 46.96% 15.30% 19.99% 29.51%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 187.67% 83.75% 53.79% 24.18%
Common Equity to Total Capital
0.00% -134.54% 0.95% 26.22% 24.95%
Debt to EBITDA
0.00 -1.63 -0.06 -1.34 -0.78
Net Debt to EBITDA
0.00 -0.20 -0.05 -0.84 -0.56
Long-Term Debt to EBITDA
0.00 -1.63 -0.06 -1.34 -0.45
Debt to NOPAT
0.00 -2.27 -0.09 -0.92 -0.69
Net Debt to NOPAT
0.00 -0.28 -0.07 -0.57 -0.49
Long-Term Debt to NOPAT
0.00 -2.27 -0.09 -0.92 -0.40
Altman Z-Score
0.00 3.14 -4.56 0.66 -0.58
Noncontrolling Interest Sharing Ratio
0.00% 354.09% 89.20% 84.53% 62.61%
Liquidity Ratios
- - - - -
Current Ratio
0.00 1.00 0.42 0.55 0.37
Quick Ratio
0.00 0.40 0.37 0.52 0.32
Cash Flow Metrics
- - - - -
Free Cash Flow to Firm (FCFF)
0.00 9.88 0.00 -30 28
Operating Cash Flow to CapEx
-1,948.29% -840.42% -5,643.48% -4,161.36% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 3.90 0.00 -1.85 1.24
Operating Cash Flow to Interest Expense
-11.16 -9.71 -11.05 -4.76 -4.97
Operating Cash Flow Less CapEx to Interest Expense
-11.74 -10.86 -11.25 -4.87 -4.31
Efficiency Ratios
- - - - -
Asset Turnover
0.00 4.61 0.65 1.46 1.82
Accounts Receivable Turnover
0.00 3,360.76 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 79.84 124.29 144.52 208.11
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.11 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.11 0.00 0.00 0.00
Capital & Investment Metrics
- - - - -
Invested Capital
0.00 -30 613 525 273
Invested Capital Turnover
0.00 -32.86 1.71 2.23 3.76
Increase / (Decrease) in Invested Capital
0.00 -30 0.00 -88 -252
Enterprise Value (EV)
0.00 462 1,041 800 265
Market Capitalization
275 275 448 441 81
Book Value per Share
$0.00 ($4.73) $0.02 $0.45 $0.21
Tangible Book Value per Share
$0.00 ($4.76) ($3.06) ($1.68) ($1.39)
Total Capital
0.00 97 617 542 304
Total Debt
0.00 45 94 108 155
Total Long-Term Debt
0.00 45 94 108 90
Net Debt
0.00 5.58 76 67 111
Capital Expenditures (CapEx)
1.45 2.93 2.23 1.83 -15
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -40 -159 -174 -291
Debt-free Net Working Capital (DFNWC)
0.00 0.35 -141 -133 -247
Net Working Capital (NWC)
0.00 0.26 -141 -133 -312
Net Nonoperating Expense (NNE)
14 11 469 69 86
Net Nonoperating Obligations (NNO)
0.00 -81 90 91 123
Total Depreciation and Amortization (D&A)
0.40 1.02 87 87 86
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -8.05% -15.19% -13.76% -19.42%
Debt-free Net Working Capital to Revenue
0.00% 0.07% -13.43% -10.53% -16.48%
Net Working Capital to Revenue
0.00% 0.05% -13.43% -10.53% -20.81%
Earnings Adjustments
- - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 ($6.50) ($0.61) ($0.94)
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 41.58K 94.89M 145.18M
Adjusted Diluted Earnings per Share
$0.00 $0.00 ($6.50) ($0.63) ($1.08)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 41.58K 294.59M 147.00M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 41.58K 315.90M 359.12M
Normalized Net Operating Profit after Tax (NOPAT)
-28 -20 -172 -118 -219
Normalized NOPAT Margin
-19.02% -4.08% -16.41% -9.28% -14.58%
Pre Tax Income Margin
-28.85% -6.40% -148.62% -14.51% -20.39%
Debt Service Ratios
- - - - -
EBIT to Interest Expense
-15.56 -11.40 -135.77 -10.49 -12.80
NOPAT to Interest Expense
-10.92 -7.90 -95.81 -7.35 -10.12
EBIT Less CapEx to Interest Expense
-16.14 -12.56 -135.96 -10.61 -12.15
NOPAT Less CapEx to Interest Expense
-11.50 -9.06 -96.01 -7.47 -9.47
Payout Ratios
- - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for P3 Health Partners

This table displays calculated financial ratios and metrics derived from P3 Health Partners' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding
312,676,611.00 313,088,799.00 315,903,414.00 316,114,705.00 357,719,042.00 - 359,116,532.00 7,188,017.00 7,187,342.00 7,213,414.00
DEI Adjusted Shares Outstanding
6,253,532.00 6,261,776.00 6,318,068.00 6,322,294.00 7,154,381.00 - 7,182,331.00 7,188,017.00 7,187,342.00 7,213,414.00
DEI Earnings Per Adjusted Shares Outstanding
-2.13 -4.07 -2.96 -1.90 -6.50 - -2.85 -2.83 -4.39 0.17
Growth Metrics
- - - - - - - - - -
Revenue Growth
16.15% 34.33% 28.61% 15.22% 25.58% 6.87% -3.93% -6.16% -4.66% 3.53%
EBITDA Growth
72.65% 91.77% 16.66% 62.26% -612.70% -131.13% 40.29% -1,553.66% 78.60% 350.18%
EBIT Growth
47.29% 88.00% 9.97% 4.83% -206.64% -85.42% 20.40% -40.99% 51.47% 125.57%
NOPAT Growth
43.64% 88.02% 10.21% -48.98% -216.35% -115.54% 13.10% -8.90% 58.67% 121.63%
Net Income Growth
42.92% 87.02% 5.42% -4.32% -175.82% -86.88% 10.81% -51.75% 32.46% 106.87%
EPS Growth
55.56% 91.11% 5.42% -4.32% -175.82% -130.00% 10.81% 15.47% 38.41% 105.10%
Operating Cash Flow Growth
63.84% 50.31% 15.56% 64.49% -198.15% -260.49% -67.08% -62.40% 31.86% 17.93%
Free Cash Flow Firm Growth
160.65% 0.00% 108.97% -78.03% -72.25% 260.60% 276.89% 45.23% -35.90% -44.16%
Invested Capital Growth
-48.35% -14.36% -14.72% -23.62% -37.90% -48.03% -47.26% -43.16% -34.33% -42.22%
Revenue Q/Q Growth
-12.38% 20.29% 12.00% -2.40% -4.49% 2.36% 13.34% -4.67% -2.96% 0.00%
EBITDA Q/Q Growth
-566.41% -275.08% 47.40% 97.13% -12,484.55% -21.64% 80.39% 20.51% -62.82% 0.00%
EBIT Q/Q Growth
-39.86% -92.53% 31.62% 48.31% -350.64% -16.42% 65.35% 8.44% -55.12% 0.00%
NOPAT Q/Q Growth
-60.79% -90.01% 31.79% 28.51% -241.45% -29.45% 56.79% 10.41% -29.60% 0.00%
Net Income Q/Q Growth
-35.19% -85.33% 28.22% 41.99% -257.44% -25.57% 68.81% 1.31% -59.08% 0.00%
EPS Q/Q Growth
-33.33% -66.67% 28.22% 41.99% -257.44% -48.39% 68.81% 0.80% -55.22% 0.00%
Operating Cash Flow Q/Q Growth
73.70% -109.31% -26.15% 48.87% -120.84% -153.06% 12.73% 50.30% 7.34% 0.00%
Free Cash Flow Firm Q/Q Growth
-4.54% -91.61% 29.56% 111.82% 20.56% 8.99% -40.88% -18.38% -46.79% 0.00%
Invested Capital Q/Q Growth
-3.28% -8.43% -4.57% -9.63% -21.37% -23.37% 144.96% -2.60% -9.15% 0.00%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
-3.85% -11.99% -5.63% -0.17% -21.82% -25.93% -3.50% -2.92% -4.90% 8.46%
Operating Margin
-11.73% -18.53% -11.28% -8.26% -29.55% -37.36% -10.21% -9.59% -12.81% 2.13%
EBIT Margin
-11.40% -18.25% -11.14% -5.90% -27.84% -31.66% -9.23% -8.86% -14.17% 2.28%
Profit (Net Income) Margin
-12.93% -19.92% -12.77% -7.59% -28.40% -34.84% -11.86% -12.27% -20.12% 0.79%
Tax Burden Percent
101.12% 102.62% 104.36% 103.48% 96.61% 103.99% 102.49% 104.75% 100.02% -38.21%
Interest Burden Percent
112.17% 106.39% 109.83% 124.30% 105.60% 105.82% 125.33% 132.17% 141.96% -90.33%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
-11.49% -28.88% -19.64% -15.53% -65.76% -98.44% -26.97% -27.66% -43.96% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
-32.56% -55.53% -36.00% -24.71% -99.88% -128.50% -40.59% -43.01% -69.07% 0.00%
Return on Net Nonoperating Assets (RNNOA)
-2.71% -10.51% -9.73% -4.11% -21.40% -47.19% -20.70% -24.52% -74.88% 0.00%
Return on Equity (ROE)
-14.20% -39.39% -29.37% -19.64% -87.16% -145.63% -47.67% -52.18% -118.84% 0.00%
Cash Return on Invested Capital (CROIC)
10.50% -5.20% -5.09% 3.58% 9.62% 6.92% 13.46% -7.64% -19.10% 53.52%
Operating Return on Assets (OROA)
-11.78% -26.60% -17.49% -9.19% -47.52% -57.78% -16.25% -15.96% -27.00% 0.00%
Return on Assets (ROA)
-13.36% -29.04% -20.05% -11.82% -48.48% -63.58% -20.88% -22.09% -38.33% 0.00%
Return on Common Equity (ROCE)
-2.43% -6.10% -4.93% -0.67% -35.15% -54.45% -19.75% -24.39% -42.78% 0.00%
Return on Equity Simple (ROE_SIMPLE)
-345.66% 0.00% -125.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-24 -45 -31 -22 -75 -97 -27 -24 -31 5.77
NOPAT Margin
-8.21% -12.97% -7.90% -5.78% -20.68% -26.15% -7.14% -6.71% -8.97% 1.49%
Net Nonoperating Expense Percent (NNEP)
21.07% 26.65% 16.36% 9.18% 34.12% 30.07% 13.62% 15.35% 25.12% 1.27%
Return On Investment Capital (ROIC_SIMPLE)
- -17.96% -11.53% -7.29% -29.49% -42.01% -11.34% -10.53% -13.22% 3.43%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
11.47% 7.04% 7.05% 7.02% 7.52% 8.46% 6.70% 6.55% 6.41% 6.61%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
111.73% 118.53% 111.28% 108.26% 129.55% 137.36% 110.21% 109.59% 112.81% 97.87%
Earnings before Interest and Taxes (EBIT)
-33 -63 -43 -22 -101 -117 -34 -32 -49 8.81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-11 -42 -22 -0.63 -79 -96 -13 -10 -17 33
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.45 3.11 2.22 0.85 1.15 1.06 0.93 1.02 0.00 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.39 0.35 0.24 0.10 0.09 0.05 0.04 0.03 0.04 0.00
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
1.44 1.53 1.30 0.88 0.98 0.97 0.94 0.90 1.35 2.10
Enterprise Value to Revenue (EV/Rev)
0.70 0.63 0.48 0.28 0.23 0.18 0.17 0.16 0.22 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
9.33 0.00 0.00 21.20 7.76 9.61 4.81 0.00 0.00 2.87
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.22 0.25 0.31 0.37 0.51 1.04 1.42 2.09 13.36 -2.34
Long-Term Debt to Equity
0.22 0.25 0.31 0.36 0.50 0.60 0.88 1.17 11.32 -1.95
Financial Leverage
0.08 0.19 0.27 0.17 0.21 0.37 0.51 0.57 1.08 -35.47
Leverage Ratio
1.47 1.82 2.01 2.01 2.26 2.82 3.24 3.59 5.36 -120.62
Compound Leverage Factor
1.65 1.93 2.21 2.50 2.39 2.98 4.06 4.75 7.61 108.95
Debt to Total Capital
17.77% 19.99% 23.68% 26.86% 33.58% 50.87% 58.68% 67.66% 93.04% 174.53%
Short-Term Debt to Total Capital
0.00% 0.00% 0.29% 0.17% 0.05% 21.36% 22.46% 29.84% 14.25% 29.26%
Long-Term Debt to Total Capital
17.77% 19.99% 23.39% 26.69% 33.53% 29.51% 36.22% 37.82% 78.79% 145.28%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
51.39% 53.79% 47.29% 39.69% 36.09% 24.18% 19.74% 15.85% 13.84% 6.57%
Common Equity to Total Capital
30.85% 26.22% 29.03% 33.45% 30.33% 24.95% 21.59% 16.49% -6.87% -81.10%
Debt to EBITDA
-0.20 -1.34 -1.57 -1.78 -0.93 -0.78 -1.08 -0.92 -1.85 0.00
Net Debt to EBITDA
-0.09 -0.84 -1.14 -0.74 -0.46 -0.56 -0.82 -0.72 -1.57 0.00
Long-Term Debt to EBITDA
-0.20 -1.34 -1.55 -1.77 -0.93 -0.45 -0.67 -0.51 -1.57 0.00
Debt to NOPAT
-0.24 -0.92 -1.05 -1.10 -0.77 -0.69 -0.93 -0.82 -1.42 0.00
Net Debt to NOPAT
-0.11 -0.57 -0.77 -0.46 -0.38 -0.49 -0.71 -0.64 -1.20 0.00
Long-Term Debt to NOPAT
-0.24 -0.92 -1.04 -1.10 -0.77 -0.40 -0.57 -0.46 -1.20 0.00
Altman Z-Score
1.24 1.06 0.99 0.88 0.50 0.12 0.33 0.29 0.25 -1.92
Noncontrolling Interest Sharing Ratio
82.87% 84.53% 83.20% 96.58% 59.68% 62.61% 58.57% 53.25% 64.00% -575.53%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.67 0.55 0.55 0.69 0.53 0.37 0.38 0.31 0.32 0.33
Quick Ratio
0.64 0.52 0.51 0.64 0.46 0.32 0.33 0.26 0.28 0.29
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
513 43 56 118 142 155 210 171 91 117
Operating Cash Flow to CapEx
-1,960.21% 0.00% 0.00% 0.00% 0.00% -12,050.11% 0.00% 0.00% -12,951.26% 0.00%
Free Cash Flow to Firm to Interest Expense
128.13 10.63 13.09 21.71 25.20 22.69 24.07 16.90 4.44 6.99
Operating Cash Flow to Interest Expense
-1.90 -3.92 -4.71 -1.88 -4.01 -8.38 -3.84 -1.64 -0.75 -1.64
Operating Cash Flow Less CapEx to Interest Expense
-1.99 -3.87 -4.71 -1.88 -1.35 -8.45 -3.84 -1.63 -0.76 -1.64
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.03 1.46 1.57 1.56 1.71 1.82 1.76 1.80 1.91 0.00
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
124.79 144.52 158.52 164.48 188.41 208.11 215.03 239.17 282.85 0.00
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
573 525 501 452 356 273 264 257 234 153
Invested Capital Turnover
1.40 2.23 2.49 2.69 3.18 3.76 3.78 4.12 4.90 0.00
Increase / (Decrease) in Invested Capital
-536 -88 -86 -140 -217 -252 -237 -195 -122 -111
Enterprise Value (EV)
824 800 651 396 347 265 247 231 316 320
Market Capitalization
460 441 325 142 138 81 59 45 64 22
Book Value per Share
$0.60 $0.45 $0.46 $0.53 $0.34 $0.21 $0.18 $6.19 ($2.60) ($20.09)
Tangible Book Value per Share
($1.60) ($1.68) ($1.58) ($1.45) ($1.33) ($1.39) ($1.37) ($68.02) ($73.96) ($85.66)
Total Capital
609 542 505 499 397 304 293 270 272 179
Total Debt
108 108 120 134 133 155 172 182 253 312
Total Long-Term Debt
108 108 118 133 133 90 106 102 214 260
Net Debt
51 67 87 56 65 111 131 143 214 286
Capital Expenditures (CapEx)
0.39 -0.21 0.00 0.00 -15 0.48 0.00 -0.05 0.12 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-145 -174 -182 -188 -258 -291 -291 -307 -288 -327
Debt-free Net Working Capital (DFNWC)
-88 -133 -149 -109 -190 -247 -250 -268 -250 -301
Net Working Capital (NWC)
-88 -133 -151 -110 -190 -312 -316 -348 -288 -353
Net Nonoperating Expense (NNE)
14 24 19 6.84 28 32 18 20 39 2.73
Net Nonoperating Obligations (NNO)
72 91 115 88 92 123 143 170 215 286
Total Depreciation and Amortization (D&A)
22 22 21 22 22 21 21 21 32 24
Debt-free, Cash-free Net Working Capital to Revenue
-12.32% -13.76% -13.42% -13.37% -17.48% -19.42% -20.16% -21.02% -19.94% 0.00%
Debt-free Net Working Capital to Revenue
-7.44% -10.53% -11.03% -7.79% -12.87% -16.48% -17.30% -18.33% -17.27% 0.00%
Net Working Capital to Revenue
-7.44% -10.53% -11.14% -7.85% -12.88% -20.81% -21.86% -23.84% -19.95% 0.00%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.12) ($0.18) ($8.00) ($4.50) ($14.50) ($0.40) ($6.28) ($6.23) ($9.67) $0.37
Adjusted Weighted Average Basic Shares Outstanding
114.20M 94.89M 2.38M 2.73M 3.24M 145.18M 3.26M 3.27M 3.27M 3.29M
Adjusted Diluted Earnings per Share
($0.12) ($0.20) ($8.00) ($7.50) ($15.50) ($0.46) ($6.28) ($6.23) ($9.67) $0.32
Adjusted Weighted Average Diluted Shares Outstanding
312.68M 294.59M 2.38M 2.82M 3.29M 147.00M 3.26M 3.27M 3.27M 8.42M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
313.09M 315.90M 6.32M 7.15M 7.18M 359.12M 7.19M 7.19M 7.21M 7.24M
Normalized Net Operating Profit after Tax (NOPAT)
-24 -45 -31 -22 -75 -97 -27 -24 -31 5.77
Normalized NOPAT Margin
-8.21% -12.97% -7.90% -5.78% -20.68% -26.15% -7.14% -6.71% -8.97% 1.49%
Pre Tax Income Margin
-12.79% -19.41% -12.24% -7.33% -29.40% -33.50% -11.57% -11.72% -20.12% -2.06%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-8.21 -15.64 -10.17 -4.12 -17.85 -17.17 -3.95 -3.11 -2.38 0.53
NOPAT to Interest Expense
-5.92 -11.12 -7.21 -4.03 -13.26 -14.19 -3.06 -2.35 -1.51 0.34
EBIT Less CapEx to Interest Expense
-8.31 -15.59 -10.17 -4.12 -15.20 -17.24 -3.95 -3.10 -2.39 0.53
NOPAT Less CapEx to Interest Expense
-6.01 -11.07 -7.21 -4.03 -10.61 -14.26 -3.06 -2.35 -1.51 0.34
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

P3 Health Partners Financials - Frequently Asked Questions

According to the most recent income statement we have on file, P3 Health Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

P3 Health Partners' net income appears to be on an upward trend, with a most recent value of -$310.38 million in 2024, rising from -$41.97 million in 2019. The previous period was -$186.43 million in 2023.

P3 Health Partners' total operating income in 2024 was -$320.66 million, based on the following breakdown:
  • Total Gross Profit: $1.50 billion
  • Total Operating Expenses: $1.82 billion

Over the last 4 years, P3 Health Partners' total revenue changed from $145.48 million in 2019 to $1.50 billion in 2024, a change of 931.4%.

P3 Health Partners' total liabilities were at $796.88 million at the end of 2025, which was unchanged from 2024, and a 446.0% increase since 2020.

In the past 5 years, P3 Health Partners' cash and equivalents has ranged from $17.54 million in 2022 to $140.48 million in 2021, and is currently $25.01 million as of their latest financial filing in 2025.

Over the last 4 years, P3 Health Partners' book value per share changed from 0.00 in 2019 to 0.21 in 2024, a change of 21.2%.



Financial statements for NASDAQ:PIIIW last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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