earnings
confidence high
sentiment positive
materiality 0.80
P3 Health Partners reports Q1 net income $3M, raises FY 2026 adjusted EBITDA guidance to $20-60M
P3 Health Partners Inc.
2026-Q1 EPS reported
$0.32
revenue$386,390,000
- Q1 revenue $386M (+4% YoY); net income $3M vs net loss $44.2M prior year.
- Adjusted EBITDA $25.8M ($81 PMPM); cites contract restructuring and operational redesign.
- At-risk membership ~106,000, down 10% YoY due to intentional network rationalization.
- Full-year 2026 adjusted EBITDA guidance raised to $20-$60M (midpoint $40M).
- Medical margin $73.7M; excluding prior-year development and settlements $56.1M.
item 2.02item 9.01