P3 Health Partners (PIII) Cost of Revenue (2021 - 2025)
P3 Health Partners posted quarterly Cost of Revenue of $335000.0 for Q4 2025, down 99.98% year-on-year from $1.6 billion in Q4 2024, and up 33.47% on a QoQ basis from $251000.0 in Q3 2025.
P3 Health Partners (PIII) has 5 years of Cost of Revenue data on file, last reported at $335000.0 in Q4 2025.
- For the quarter ending Q4 2025, Cost of Revenue fell 99.98% year-over-year to $335000.0; the trailing twelve-month figure through Dec 2025 stood at $724.0 million (down 62.37% YoY), and the FY2025 full-year result was $918000.0, down 99.94% from the prior year.
- Cost of Revenue for Q4 2025 stood at $335000.0, up from $251000.0 in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.6 billion in Q4 2024 and bottomed at -$346.4 million in Q4 2021.
- The 5-year median for Cost of Revenue is $208.1 million (2021), against an average of $256.2 million.
- Peak annual rise in Cost of Revenue reached 115441.3% in 2025, while the deepest fall reached 99.98% in 2025.
- A 5-year view of Cost of Revenue shows it stood at -$346.4 million in 2021, then soared by 404.19% to $1.1 billion in 2022, then tumbled by 65.11% to $367.7 million in 2023, then soared by 323.88% to $1.6 billion in 2024, then slumped by 99.98% to $335000.0 in 2025.
- The last three Cost of Revenue figures came in at $335000.0 (Q4 2025), $251000.0 (Q3 2025), and $351.3 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 2.85 Bn |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 961.00 Mn |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 2.34 Bn |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 241.90 Mn |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 1.10 Bn |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 1.28 Bn |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 4.28 Bn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 441.75 Mn |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 1.07 Bn |
| 10 | P3 Health Partners | 102.31 Mn | 91.51 Mn | 384.48 Mn | 335,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 335,000.00 |
| Dec 31, 2025 | 335,000.00 |
| Sep 30, 2025 | 251,000.00 |
| Sep 30, 2025 | 251,000.00 |
| Jun 30, 2025 | 351.35 Mn |
| Jun 30, 2025 | 351.35 Mn |
| Mar 31, 2025 | 372.04 Mn |
| Mar 31, 2025 | 372.04 Mn |
| Dec 31, 2024 | 1.56 Bn |
| Dec 31, 2024 | 1.56 Bn |
| Sep 30, 2024 | 134,000.00 |
| Sep 30, 2024 | 134,000.00 |
| Jun 30, 2024 | 365.17 Mn |
| Jun 30, 2024 | 365.17 Mn |
| Mar 31, 2024 | 322,000.00 |
| Mar 31, 2024 | 322,000.00 |
| Dec 31, 2023 | 367.68 Mn |
| Dec 31, 2023 | 367.68 Mn |
| Sep 30, 2023 | 279.22 Mn |
| Sep 30, 2023 | 279.22 Mn |
| Jun 30, 2023 | 857,000.00 |
| Jun 30, 2023 | 857,000.00 |
| Mar 31, 2023 | 285.57 Mn |
| Mar 31, 2023 | 285.57 Mn |
| Dec 31, 2022 | 1.05 Bn |
| Dec 31, 2022 | 1.05 Bn |
| Sep 30, 2022 | 254.78 Mn |
| Sep 30, 2022 | 254.78 Mn |
| Jun 30, 2022 | 267.45 Mn |
| Jun 30, 2022 | 267.45 Mn |
| Mar 31, 2022 | 865,000.00 |
| Mar 31, 2022 | 865,000.00 |
| Dec 2, 2021 | -346.44 Mn |
| Dec 2, 2021 | -346.44 Mn |
| Sep 30, 2021 | 161.33 Mn |
| Sep 30, 2021 | 161.33 Mn |
| Jun 30, 2021 | 150.38 Mn |
| Jun 30, 2021 | 150.38 Mn |
| Mar 31, 2021 | 270,241.00 |
| Mar 31, 2021 | 270,241.00 |