---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-015165"
form_type: "8-K"
ticker: "PIII"
cik: "0001832511"
company_name: "P3 Health Partners Inc."
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T04:15:40.868249+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# P3 Health Partners FY2024 net loss widens to $310.4M; revenue up 18% to $1.50B

## Summary
- Full-year net loss $310.4M vs $186.4M prior; adjusted EBITDA loss $167.2M vs $85.5M.
- Q4 net loss $129.1M vs $69.1M; medical margin fell 37% to $85.5M for the year.
- At-risk membership grew 14% to 123,800; total revenue $1.50B (+18% YoY).
- FY2025 guidance: revenue $1.35B-$1.50B, adjusted EBITDA loss ($35M)-$5M, at-risk members 109k-119k.

## SEC filing metadata
- accession: 0001628280-25-015165
- form_type: 8-K
- ticker: PIII
- cik: 0001832511
- company_name: P3 Health Partners Inc.
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832511/000162828025015165/0001628280-25-015165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832511/000162828025015165/piii-20250327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-015165
- JSON: https://secwatch.observer/filing/0001628280-25-015165.json
- Plain text: https://secwatch.observer/filing/0001628280-25-015165.txt

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