P3 Health Partners (PIII) Cost of Revenue (2021 - 2025)
P3 Health Partners (PIII) reported Cost of Revenue of $335000.0 for Q4 2025, down 99.98% on a YoY basis from $1.6 billion in Q4 2024, and up 33.47% quarter-over-quarter from $251000.0 in Q3 2025.
P3 Health Partners (PIII) Cost of Revenue (2021 - 2025) Analysis & Trends
P3 Health Partners has reported Cost of Revenue for 5 years, with the latest figure 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.
- The five-year high for Cost of Revenue was $1.6 billion in Q4 2024, with the low at -$346.4 million in Q4 2021.
- Historically, Cost of Revenue has averaged $256.2 million across 5 years, with a median of $208.1 million in 2021.
- The largest YoY upside for Cost of Revenue was 115441.3% in 2025 against a maximum downside of 99.98% in 2025.
- P3 Health Partners' Cost of Revenue stood at -$346.4 million in 2021, then surged by 404.19% to $1.1 billion in 2022, then plunged by 65.11% to $367.7 million in 2023, then surged by 323.88% to $1.6 billion in 2024, then tumbled 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 | 83.85 Bn | 86.23 Bn | 16.26 Bn | 2.85 Bn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 961.00 Mn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 2.34 Bn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 241.90 Mn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 1.10 Bn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 1.28 Bn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 4.28 Bn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 441.75 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 1.07 Bn |
| 10 | P3 Health Partners | 35.57 Mn | 24.77 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 |