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Stocks · Health care · Services-Health Services

P3 Health Partners Inc.

PIII Clue Score31
United States Fiscal year ends December CIK 0001832511
$4.95 -6.78% Close, 9 Oct 2026
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Price $4.95 −49.95% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 6 Apr 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue145.5Operating income−39.5Net income−42.0Fiscal year 2020Revenue491.1 +237.5%Operating income−28.6Net income−31.4Fiscal year 2021Revenue578.6 +17.8%Operating income−129.1Net income−146.4Fiscal year 2022Revenue1,049.5 +81.4%Operating income−1,560.9Net income−270.1EPS, diluted−6.50Fiscal year 2023Revenue1,266.4 +20.7%Operating income−167.9Net income−57.8EPS, diluted−0.63Fiscal year 2024Revenue1,500.5 +18.5%Operating income−320.7Net income−135.8EPS, diluted−54.06Fiscal year 2025Revenue1,459.1 −2.8%Operating income−270.3Net income−147.9EPS, diluted−45.26
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 145.5 491.1 578.6 1,049.5 1,266.4 1,500.5 1,459.1
Growth +237.5% +17.8% +81.4% +20.7% +18.5% −2.8%
Operating income −39.5 −28.6 −129.1 −1,560.9 −167.9 −320.7 −270.3
Net income −42.0 −31.4 −146.4 −270.1 −57.8 −135.8 −147.9
Growth
EPS, diluted n/a n/a n/a −6.50 −0.63 −54.06 −45.26

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2019Operating margin−27.2%Net margin−28.8%Free cash flow margin−20.4%Fiscal year 2020Operating margin−5.8%Net margin−6.4%Free cash flow margin−5.6%Fiscal year 2021Operating margin−22.3%Net margin−25.3%Free cash flow margin−9.4%Fiscal year 2022Operating margin−148.7%Net margin−25.7%Free cash flow margin−12.2%Fiscal year 2023Operating margin−13.3%Net margin−4.6%Free cash flow margin−6.1%Fiscal year 2024Operating margin−21.4%Net margin−9.1%Free cash flow margin−7.3%Fiscal year 2025Operating margin−18.5%Net margin−10.1%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −27.2% −5.8% −22.3% −148.7% −13.3% −21.4% −18.5%
Net margin −28.8% −6.4% −25.3% −25.7% −4.6% −9.1% −10.1%
Free cash flow margin −20.4% −5.6% −9.4% −12.2% −6.1% −7.3% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−28.3Capital expenditure−1.5Free cash flow−29.7Fiscal year 2020Operating cash flow−24.6Capital expenditure−2.9Free cash flow−27.5Fiscal year 2021Operating cash flow−51.1Capital expenditure−3.3Free cash flow−54.4Fiscal year 2022Operating cash flow−126.0Capital expenditure−2.2Free cash flow−128.3Fiscal year 2023Operating cash flow−76.0Capital expenditure−1.8Free cash flow−77.9Fiscal year 2024Operating cash flow−110.1Capital expenditure0.0Free cash flow−110.1Fiscal year 2025Operating cash flow−91.2
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −28.3 −24.6 −51.1 −126.0 −76.0 −110.1 −91.2
Capital expenditure −1.5 −2.9 −3.3 −2.2 −1.8 0.0 n/a
Free cash flow −29.7 −27.5 −54.4 −128.3 −77.9 −110.1 n/a
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash32.6Fiscal year 2020Cash36.3Total debt45.5Net cash (debt)−9.2Shareholders’ equity0.0Debt to equity2,002.20Fiscal year 2021Cash5.3Shareholders’ equity−34.2Fiscal year 2022Cash17.5Total debt94.4Net cash (debt)−76.9Shareholders’ equity5.9Debt to equity16.13Fiscal year 2023Cash36.3Total debt108.3Net cash (debt)−72.0Shareholders’ equity142.1Debt to equity0.76Fiscal year 2024Cash38.8Total debt184.1Net cash (debt)−145.2Shareholders’ equity75.9Debt to equity2.42Fiscal year 2025Cash25.0Total debt273.4Net cash (debt)−248.4Shareholders’ equity−155.2
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 32.6 36.3 5.3 17.5 36.3 38.8 25.0
Total debt n/a 45.5 n/a 94.4 108.3 184.1 273.4
Net cash (debt) n/a −9.2 n/a −76.9 −72.0 −145.2 −248.4
Shareholders’ equity n/a 0.0 −34.2 5.9 142.1 75.9 −155.2
Debt to equity n/a 2,002.20 n/a 16.13 0.76 2.42 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 2 Dec 2021 FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024† 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
145.5 491.1 578.6 1,049.5 1,266.4 1,500.5 1,459.1
Growth +237.5% +17.8% +81.4% +20.7% +18.5% −2.8%
36.4 53.4 100.2 157.3 122.4 112.6 106.3
−39.5 −28.6 −129.1 −1,560.9 −167.9 −320.7 −270.3
Growth
−42.0 −31.4 −146.4 −1,559.7 −183.7 −306.0 −321.1
0.0 0.0 0.0 1.9 2.7 4.4 2.0
−42.0 −31.4 −146.4 −270.1 −57.8 −135.8 −147.9
Growth
Per share
n/a n/a n/a −6.50 −0.61 −46.78 −45.26
n/a n/a n/a −6.50 −0.63 −54.06 −45.26
Growth
n/a n/a n/a 41.6 94.9 2.9 3.3
n/a n/a n/a 41.6 294.6 2.9 3.3
Growth +608.5% −99.0% +11.2%

† The diluted share count jumps at 2023 and 2024, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 24.3% a year over five years.
  • Operating margin is down 12.7 points on five years ago, at -18.5%.
  • A net loss in 7 of 7 years on file.