P3 Health Partners FY2025 operating loss narrows to $270 million; revenue drops 2.8% to $1.46 billion

Reuters03-27
P3 Health Partners FY2025 operating loss narrows to $270 million; revenue drops 2.8% to $1.46 billion
  • P3 Health published an earnings release reporting fourth-quarter and full-year 2025 results and issuing 2026 guidance.
  • Fourth-quarter revenue rose 3.81% to USD 384.8 million, while at-risk membership fell 9% to about 115,000.
  • Medical margin was negative USD 28.7 million and adjusted EBITDA loss was USD 76.1 million.
  • Full-year revenue fell 2.76% to USD 1.46 billion, while at-risk membership fell 8% to about 116,000 driven by intentional network alignment.
  • For 2026, P3 expects adjusted EBITDA of negative USD 20 million to positive USD 40 million, with CEO Aric Coffman citing improved contract economics and provider alignment and projecting about USD 170 million of year-over-year EBITDA improvement at the midpoint.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. P3 Health Partners Inc. published the original content used to generate this news brief on March 26, 2026, and is solely responsible for the information contained therein.

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