P3 Health Partners (PIII) Cost of Revenue (2020 - 2026)
P3 Health Partners' Cost of Revenue was $300.38 million in Q2 2026, down 14.5% from $351.35 million a year earlier.
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Analysis
P3 Health Partners (PIII) Cost of Revenue (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, P3 Health Partners' Cost of Revenue was $1.45 billion through Jun 30, 2026, down 5.7% year-over-year; for FY2025, it was $1.52 billion, down 2.6% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 25.7% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $1.56 billion in FY2024 (+26.3%), $1.23 billion in FY2023 (+16.8%), $1.06 billion in FY2022 and $592.47 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Cost of Revenue since Q3 2023.
- Compared with a year earlier, Cost of Revenue was higher in three of the last seven quarters, with growth averaging 4.4%.
- The best year-over-year quarter for Cost of Revenue over five years was Q1 2022 (growth of 81.3%); the worst was Q2 2026 (a decline of 14.5%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.08 Bn | 92.52 Bn | - | - |
| 2 | Natera | 58.93 Bn | 54.61 Bn | 485.19 Mn | 267.56 Mn |
| 3 | Quest Diagnostics | 25.75 Bn | 24.18 Bn | 1.03 Bn | 2.02 Bn |
| 4 | Labcorp Holdings | 24.96 Bn | 22.73 Bn | 1.11 Bn | 2.62 Bn |
| 5 | Guardant Health | 23.76 Bn | 19.82 Bn | 219.03 Mn | 115.95 Mn |
| 6 | Tenet Healthcare | 20.83 Bn | 11.98 Bn | - | - |
| 7 | Tempus AI | 13.43 Bn | 10.46 Bn | 246.50 Mn | 135.99 Mn |
| 8 | BrightSpring Health Services | 11.90 Bn | 10.24 Bn | 492.75 Mn | 271.40 Mn |
| 9 | Encompass Health | 11.82 Bn | 12.29 Bn | - | - |
| 10 | P3 Health Partners | 46.17 Mn | -11.99 Mn | 86.00 Mn | 300.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 300.38 Mn |
| Dec 31, 2025 | 426.06 Mn |
| Sep 30, 2025 | 369.79 Mn |
| Jun 30, 2025 | 351.35 Mn |
| Mar 31, 2025 | 372.04 Mn |
| Dec 31, 2024 | 410.22 Mn |
| Sep 30, 2024 | 401.92 Mn |
| Jun 30, 2024 | 365.17 Mn |
| Mar 31, 2024 | 382.06 Mn |
| Dec 31, 2023 | 367.68 Mn |
| Sep 30, 2023 | 279.22 Mn |
| Jun 30, 2023 | 302.27 Mn |
| Mar 31, 2023 | 285.57 Mn |
| Dec 31, 2022 | 269.18 Mn |
| Sep 30, 2022 | 254.78 Mn |
| Jun 30, 2022 | 267.45 Mn |
| Mar 31, 2022 | 265.82 Mn |
| Sep 30, 2021 | 161.33 Mn |
| Jun 30, 2021 | 150.38 Mn |
| Mar 31, 2021 | 146.62 Mn |
API Access
P3 Health Partners Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PIII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "PIII", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PIII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();