{"schema_version":"secwatch.filing_event.v1","accession":"0001832511-25-000024","form_type":"8-K","ticker":"PIII","cik":"0001832511","company_name":"P3 Health Partners Inc.","filed_at":"2025-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.699144+00:00","generated_at":"2026-05-16T19:54:45.976247+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"P3 Health Partners Q3 revenue $345.3M (-5% YoY); adjusted EBITDA loss $45.9M; narrows guidance","bullets":["At-risk membership ~116k (-10% YoY) due to intentional network/payer rationalization.","Medical margin $4.4M ($13 PMPM) impacted by unfavorable mid-year settlement adjustments.","Adjusted EBITDA loss $45.9M ($132 PMPM); YTD normalized loss $70.1M ($67 PMPM).","FY 2025 guidance: revenue $1.4B-$1.45B; adjusted EBITDA loss $(110)M-$(95)M.","Identified $120M-$170M EBITDA expansion opportunity; targeting profitability in 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001832511-25-000024","json":"https://secwatch.observer/filing/0001832511-25-000024.json","markdown":"https://secwatch.observer/filing/0001832511-25-000024.md","text":"https://secwatch.observer/filing/0001832511-25-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1832511/000183251125000024/0001832511-25-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1832511/000183251125000024/piii-20251113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:54:45.976247+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"}