Growth Metrics

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

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DateValue
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