NASDAQ$PIII

P3 Health Partners Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

P3 Health Partners reported Q2 2025, revenue of $355.8M, net loss of $12M.

For Q2 2025, P3 Health Partners reported revenue of $355.8M, a net loss of $12M. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $355.8M.
  • Net loss $12M.
  • P3 Health Partners MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$356M

Previous: $379M-6.2%
EPS (adj)

-$6.23

Previous: -$0.15-4053.3%
Medical Margin PMPM

$8.60

No prior period
Medical Margin

$30.6M

Previous: $41.1M-25.5%
Net Income

-$20.4M

Previous: -$12M-69.4%
Operating Income

-$34.1M

Previous: -$31.3M-8.9%
Gross Profit

$4.44M

No prior period

Revenue & EPS history

P3 Health · Revenue · Quarterly

$356M

Q2 2025-6.2%vs Q2 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

P3 Health Partners discusses pipeline, funding, and operating milestones in MD&A.

Tailwinds

  • Clinical or product development progress.
  • Liquidity and balance-sheet runway.
  • Strategic partnerships or contract wins.

Headwinds

  • Trial timing and regulatory outcomes.
  • Funding needs and dilution risk.
  • Competitive and reimbursement pressure.

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 Q2 2025

Historical avgQ2 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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