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Companies / Health Care / P3 Health Partners Inc.
PIII

P3 Health Partners Inc.

Health CareHealth Services
Ticker PIIICHICAGO, ILFiscal year ends DecemberBook value per share $21.71Diluted shares 3.3M

P3 Health Partners Inc. (Nasdaq: PIII) is a patient-centered, physician-led population health management company focused primarily on Medicare Advantage and value-based care. It contracts with health plans to provide capitated care services for their members and partners with independent local physicians, supporting… From the company’s description.

Over the twelve months to Jun 30, 2026, P3 Health Partners Inc. reported revenue of $1.50B, up 2.8% from a year earlier, and a net loss of $216.48M. Its operating margin was −9.9%, and operations used $130.52M in cash. In fiscal 2025, it reported revenue of $1.46B, down 2.8% from fiscal 2024, and a net loss of $323.09M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.46BFY2025
−2.8% year over year
Last 12 mo $1.50B
-18.53%FY2025
+2.8 percentage points
Last 12 mo -9.89%
$-323.09MFY2025
−4.1% year over year
Last 12 mo $-216.48M
95.31%FY2025
+263.4 percentage points
Last 12 mo -136.36%
Cash & financing
$-91.24MFY2025
+17.2% year over year
Last 12 mo $-130.52M
$-91.24MFY2025
+17.2% year over year
Last 12 mo $-130.52M
-1.76FY2025
Was 2.04× a year earlier
Last 12 mo 1.67
3.3MFY2025
−97.8% year over year
Last 12 mo 3.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What P3 Health Partners Inc. does

In the company’s own words

P3 Health Partners Inc. (Nasdaq: PIII) is a patient-centered, physician-led population health management company focused primarily on Medicare Advantage and value-based care. It contracts with health plans to provide capitated care services for their members and partners with independent local physicians, supporting them with care teams, technology, data analytics and delegated services such as provider networking, utilization management and claims processing. Its services help physicians coordinate care and manage patients’ health needs across the care continuum, with patients, physician partners and health plans as key stakeholders. P3 also supplements its affiliate network with employed primary care physicians, company-operated clinics and wellness centers. Its proprietary P3 Technology/Health Hub integrates clinical and claims data and includes tools for physician portals, care management and analytics. The company had contracts with 2,400 primary care physicians and approximately 320 full-time employees as of December 31, 2025. P3 Health Partners Inc. is organized in an Up-C structure and directly owns approximately 46% of P3 Health Group, LLC.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
CHICAGO, IL
Fiscal year end
December
CIK
1832511
SIC
8000

Financial performance, year by year

Fiscal 2022–2025 · USD
$-1.87B$-948.68M$-29.36M$889.96M$1.81B2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns P3 Health Partners Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

8
funds hold it
0 of 35
superinvestors hold it
$0.63M
held by funds, at market
1.4%
of shares held by funds

Largest fund holders · P3 Health Partners Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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