The financials
P3 Health Partners Inc. by the numbers
P3 Health Partners Inc. (PIII) reported revenue of $386M in Q1 2026 (quarter ended Mar 31, 2026), up 3.5% from the same quarter a year earlier. That came with net income of $1.2M (0.3% of revenue). For the full year FY2025, revenue was $1.46B (−2.8% year on year) and net income −$148M. Its largest product in Jun 2026 was Capitated at $366M, 90% of the disclosed total, well ahead of Health Care Patient Service at 4.9%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $386M | $373M | +3.5% |
| Operating income | $8.2M | −$38M | to a profit |
| Net income | $1.2M | −$20M | to a profit |
| Diluted EPS | $0.32 | −$6.28 | to a profit |
| Product | Revenue | Share |
|---|---|---|
| Capitated | $366M | 90% |
| Health Care Patient Service | $20M | 4.9% |
| Health Care Incentive Fees | $10M | 2.6% |
| Health Care Care Coordination Management Fees | $8.8M | 2.2% |
| Health Care Clinical Fees Insurance | $856K | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $406.4M (+3.3%)
Health Care Incentive Fees grew +1660% year on yearCapitated +4.2% year on year
Segment Latestquarter on quarteryear on year
- Capitated$366.4M$366.4MQoQ -3.5%year on year +4.2%-3.5%+4.2%
- Health Care Patient Service$20.0M$20.0MQoQ +190%year on year +392%+190%+392%
- Health Care Incentive Fees$10.4M$10.4MQoQ +9326%year on year +1660%+9326%+1660%
- Health Care Care Coordination Management Fees$8.8M$8.8MQoQ +34%year on year +228%+34%+228%
- Health Care Clinical Fees Insurance$856.0K$856.0KQoQ +225%year on year +5.9%+225%+5.9%