{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-025928","form_type":"8-K","ticker":"PIII","cik":"0001832511","company_name":"P3 Health Partners Inc.","filed_at":"2025-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.020917+00:00","generated_at":"2026-05-21T05:37:46.761998+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"P3 Health Partners Q1 revenue down 4%, medical margin hit by $23M prior-year claims adjustment","bullets":["Total revenue $373.2M, down 4% YoY; average at-risk membership 115,900 (-8%).","Medical margin $17.2M vs $36.6M prior year; includes negative $23M net impact from prior-year claims from one payer.","Adjusted EBITDA loss $22.2M vs $19.8M loss prior year; includes negative $9M prior claims and retroactive adjustments.","FY2025 guidance affirmed: revenue $1.35B-$1.5B, medical margin $174M-$210M, Adj. EBITDA -$35M to $5M.","CEO says turnaround ahead of schedule; 3 of 4 markets achieved breakeven or better in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-025928","json":"https://secwatch.observer/filing/0001628280-25-025928.json","markdown":"https://secwatch.observer/filing/0001628280-25-025928.md","text":"https://secwatch.observer/filing/0001628280-25-025928.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832511/000162828025025928/0001628280-25-025928-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832511/000162828025025928/piii-20250515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T05:37:46.761998+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}