NASDAQ$PIII

P3 Health Partners Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

P3 Health Partners reported Q1 2025, revenue of $373.2M, net loss of $44.2M, diluted EPS of $-6.28.

For Q1 2025, P3 Health Partners reported revenue of $373.2M, a net loss of $44.2M, diluted EPS was $-6.28. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $373.2M.
  • Net loss $44.2M.
  • Diluted EPS $-6.28.

Headline financials

Total Revenue

$373M

Previous: $388M-3.9%
EPS (adj)

-$6.28

Previous: -$0.16-3825.0%
Medical Margin PMPM

$4.61

No prior period
Medical Margin

$17.2M

Previous: $36.6M-53.0%
Net Income

-$20.5M

Previous: -$18.7M-9.5%
Operating Income

-$38.1M

Previous: -$43.8M+13.1%
Gross Profit

$1.18M

No prior period

Revenue & EPS history

P3 Health · Revenue · Quarterly

$373M

Q1 2025-3.9%vs Q1 2024
Beat estimate in 8 of 12 quarters(67%)
ActualEstimate

Revenue by segment

P3 Health · $386M total across 2 segments · Q1 2026

  • Capitated Revenue
    $379M
  • Other Revenue
    $6.89M

Forward guidance

Management discusses operational priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Execution on core operating metrics cited in MD&A.
  • Balance sheet liquidity and covenant headroom.
  • Strategic investments supporting long-term growth.

Headwinds

  • Macro demand and input-cost volatility.
  • Regulatory or competitive pressures in the sector.
  • One-time items affecting GAAP comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-3.8%

Avg return

Earnings day

+1.6%

Avg return

5 days after

-2.0%

Avg return

30 days after

37%

7 / 19 earnings

Positive

+11.2%

Q1 2026

Best reaction

-36.8%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.7%-9.7%
Q1 2026+11.2%+194.4%+239.9%
Q3 2025+0.4%-12.6%-25.9%
Q2 2025-2.5%+5.4%+23.9%
Q1 2025-0.6%-5.9%-19.5%
Q4 2024-4.5%+1.1%-1.2%
Q3 2024-36.8%-42.2%-46.0%
Q2 2024-2.5%-8.7%-24.1%
Q1 2024+2.6%-11.8%-21.6%
Q4 2023-13.3%-22.4%-56.3%
Q4 2021+3.1%-7.6%-12.2%
Q3 2023-2.1%-8.8%-19.0%
Q2 2023+0.9%-10.8%-5.0%
Q4 2022-5.9%-12.7%+15.5%
Q3 2022-11.8%-19.7%-33.5%
Q1 2022-5.9%+2.1%-16.8%
Q2 2022-4.1%+0.6%-14.0%
Q3 2021+0.1%+0.3%-19.9%
Q2 2021-0.7%-0.2%+0.3%

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