P3 Health Partners Inc. (NASDAQ:PIII)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Loses money on what it sells.
- Revenue
- $1.50B
- Net income
- -$98.4M
- Net margin
- -6.6%
Heavily indebted for what it earns.
- Total debt
- $130.3M
- Cash
- $21.3M
- Debt / equity
- 1.80
Owes more within a year than it holds to pay it.
- Current assets
- $179.3M
- Current liabilities
- $388.6M
- Current ratio
- 0.46
Consumes cash and must keep raising it.
- Operating cash flow
- -$130.5M
- Free cash flow
- -$130.4M
- FCF margin
- -8.7%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 3.4M
- Share growth (1y)
- 2.9%
- Cash runway
- 2 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
PIII Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 386.38 M | 386.39 M | 384.81 M | 345.25 M | 355.79 M | 373.23 M |
| Revenue Growth (YoY) | 8.60 % | 3.53 % | 3.81 % | -4.66 % | -6.16 % | -3.93 % |
| Cost of Revenue | 300.38 M | 357.10 M | 0.00 | 369.79 M | 0.00 | 379.00 M |
| Gross Profit | 86.00 M | 29.29 M | 384.81 M | -24.54 M | 355.79 M | -5.78 M |
| SG&A Expense | 32.39 M | 25.77 M | 36.21 M | 22.39 M | 23.45 M | 25.18 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 44.78 M | 21.05 M | 538.68 M | 19.69 M | 389.91 M | 32.31 M |
| Operating Income | 41.23 M | 8.24 M | -153.87 M | -44.22 M | -34.12 M | -38.09 M |
| Pretax Income | 16.92 M | -7.96 M | -166.75 M | -69.45 M | -41.68 M | -43.17 M |
| Tax Provision | 19.85 M | -11.00 M | -1.04 M | 11.00 K | 1.98 M | 1.07 M |
| Net Income | 7.44 M | 1.22 M | -75.52 M | -31.59 M | -20.36 M | -20.48 M |
| EPS (Basic) | -0.63 | 0.37 | -23.02 | -9.67 | -6.23 | -6.28 |
| EPS (Diluted) | -0.63 | 0.37 | -23.02 | -9.67 | -6.23 | -6.28 |
| Shares Outstanding | 3.36 M | 3.29 M | 3.28 M | 3.27 M | 3.27 M | 3.26 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.