PIIIP3 Health Partners Inc.
Price
-36%1YEnd-of-day closes, not the intraday tick.
Survival is the story here: start there
Quality strong, hard red flags, growth steady, the market undecided.
We operate in the $1,118.0 billion Medicare market, which covers more than 68 million eligible lives as of July 2025. Our core focus is the Medicare Advantage (“MA”) market, which covers approximately 34 million Medicare eligible lives in 2025. Medicare beneficiaries may enroll in an MA plan, under which payors contract with the CMS to provide a defined range of healthcare services that are comparable to Medicare fee-for-service (“FFS”), which is also referred to as “traditional Medicare.”
In the company’s own words · 10-K filed Mar 26, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
P3 Health Partners Inc. (PIII) reported revenue of $386M in Q2 2026 (quarter ended Jun 30, 2026), up 8.6% from the same quarter a year earlier. That came with net income of $7.4M (1.9% of revenue). For the full year FY2025, revenue was $1.46B (−2.8% year on year) and net income −$148M. Its largest product in Q2 2026 was Capitated at $366M, 90% of the disclosed total, well ahead of Health Care Patient Service at 4.9%. The next results filing is expected around Nov 13, 2026, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Sep 11, 2026On September 8, 2026, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with affiliates of CPF pursuant to which the Company agreed to issue up to $70 million of units (the “Units”) in multiple tranches.Material agreement entered · Form 8-K
- Aug 10, 2026P3 Health Partners Announces Second Quarter 2026 Results.Earnings release · press release
- Jul 6, 2026Second Amendment to Repurchase Promissory Note On June 30, 2026, P3 Health Group, LLC, a wholly owned subsidiary of the Company entered into the Second Amendment to Repurchase Promissory Note (the “Second Note Amendment”) with IHC Health Services, Inc. (the “Holder”), amending the Repurchase Promissory Note originally …Material agreement entered · Form 8-K
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Jun 2026 · $406.4MThe company’s own SEC segment disclosure.
- Capitated$366.4M90%
- Health Care Patient Service$20.0M5%
- Health Care Incentive Fees$10.4M3%
- Health Care Care Coordination Management Fees$8.8M2%
- Health Care Clinical Fees Insurance$856.0K0%
Why these answers
Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.