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PIIIW Financials P3 Health Partners Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 24.3% per year over the past 5 years.
  • Operating margin has contracted, at -18.5% in the latest year.

Financial health

  • Total debt ($273M) exceeds cash ($25M); net debt is $248M.
  • Total debt has grown faster than revenue (37.7% vs 24.3% per year).
Revenue & net income
-$270M $615M $2B $0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-149% -74% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$128M -$64M $0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $137M $273M 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$316M $753986 $318M $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.5B -$148M 0.0% -18.5% $273M $25M
2024 $1.5B -$136M 0.0% -21.4% -$110M $184M $39M
2023 $1.3B -$58M 0.0% -13.3% -$78M $108M $36M
2022 $1.0B -$270M 0.0% -148.7% -$128M $94M $18M
2021 $579M -$25M 0.0% -3.9% -$5M $100935
2020 $491M -$31M 0.0% -5.8% -$28M $55M $179512
2019 $145M -$42M 0.0% -27.2% -$30M $33M

Valuation over time

How the market has priced PIIIW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.0 0.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is PIIIW growing its revenue and profit?

Over the past 5 years, P3 Health Partners Inc.'s revenue has grown 24.3% per year. These are computed facts, not advice.

How much debt does PIIIW have?

As of FY2025, P3 Health Partners Inc. reported $273M of total debt against $25M of cash.

What is PIIIW's profit margin?

In FY2025, gross margin was —, operating margin -18.5%, and net margin -10.1%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.