P3 Health Partners reports Q4 net loss $165.7M, provides 2026 EBITDA guidance midpoint $10M

P3 Health Partners Inc.

Q4 2025 revenue $384.8M, net loss $165.7M, adjusted EBITDA loss $76.1M.
Full-year 2025 revenue $1.46B, net loss $323.1M, adjusted EBITDA loss $161.3M.
At-risk membership declined ~9% to ~115,000 in Q4 due to network realignment.
2026 guidance: adjusted EBITDA range -$20M to +$40M, midpoint $10M, ~$170M YoY improvement.
Normalized full-year adjusted EBITDA loss improved to $149.1M from $193.0M in 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

P3 Health Partners Inc. reported financial results for the year ended December 31, 2025.

Period: the year ended December 31, 2025
Result: reported results

Exact text from the filing

On March 26, 2026, P3 Health Partners Inc. (the “Company”) announced its financial results for the year ended December 31, 2025.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

P3 Health Partners Inc. reported financial results for the fourth quarter ended December 31, 2025.

Period: the fourth quarter ended December 31, 2025
Result: reported results

Exact text from the filing

P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced its financial results for the fourth quarter and full year ended December 31, 2025, and provided 2026 guidance.

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Source: SEC EDGAR

accession 0001832511-26-000010

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