---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027768"
form_type: "8-K"
ticker: "PIII"
cik: "0001832511"
company_name: "P3 Health Partners Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:51:01.775154+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# P3 Health Q2 capitated revenue $325.6M (+22% YoY); Adj EBITDA turns positive at $0.2M

## Summary
- Q2 capitated revenue $325.6M (+22% YoY); medical margin $50.5M (+132%).
- Adjusted EBITDA turned positive at $0.2M vs -$28.7M loss a year ago.
- Net loss $27.6M vs $903.1M (prior-year loss included $851.5M goodwill impairment).
- Full-year 2023 guidance: revenue $1.20-1.25B, Adj EBITDA loss $(50)-(30)M.

## SEC filing metadata
- accession: 0001628280-23-027768
- form_type: 8-K
- ticker: PIII
- cik: 0001832511
- company_name: P3 Health Partners Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832511/000162828023027768/0001628280-23-027768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832511/000162828023027768/piii-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027768
- JSON: https://secwatch.observer/filing/0001628280-23-027768.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027768.txt

## Key facts
- Earnings Releases
  P3 Health Partners Inc. reported the three months ended June 30, 2023 results: revenue $325.6 million, net income Net loss was $27.6 million. Guidance reaffirmed.
  - Period: the three months ended June 30, 2023
  - Revenue: $325.6 million
  - Net income: Net loss was $27.6 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: ability to bend the cost curve for our patients, providers, and payor clients,” said Bill Bettermann, COO of P3. Second-Quarter 2023 Financial Results • Capitated revenue was $325.6 million, an increase of 21.9% compared to $267.1 million in the second quarter of the prior year • Net loss was $27.6 million, compared to a net loss of $903.1 million in the second
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832511/000162828023027768/0001628280-23-027768-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.