P3 Health Partners (PIII) Cost of Revenue (2021 - 2025)

P3 Health Partners (PIII) posted Cost of Revenue of $335000.0 for Q4 2025, up 33.47% quarter-over-quarter from $251000.0 in Q3 2025, and down 99.98% year-on-year from $1.6 billion in Q4 2024.

P3 Health Partners (PIII) Cost of Revenue (2021 - 2025) Analysis & Trends

P3 Health Partners (PIII) has reported Cost of Revenue for 5 consecutive years, with $335000.0 the latest figure, recorded in Q4 2025.

  • Cost of Revenue for Q4 2025 came in at $335000.0, down 99.98% year-over-year; the trailing twelve-month figure through Dec 2025 was $724.0 million (down 62.37% YoY), and the FY2025 annual result was $918000.0, down 99.94% from the prior year.
  • Cost of Revenue was $335000.0 for Q4 2025 at P3 Health Partners, up from $251000.0 in the prior quarter.
  • Over five years, Cost of Revenue peaked at $1.6 billion in Q4 2024 and troughed at -$346.4 million in Q4 2021.
  • Average Cost of Revenue over 5 years is $256.2 million, with a median of $208.1 million recorded in 2021.
  • The widest YoY moves for Cost of Revenue: up 115441.3% in 2025, down 99.98% in 2025.
  • Over 5 years, Cost of Revenue stood at -$346.4 million in 2021, then surged by 404.19% to $1.1 billion in 2022, then tumbled by 65.11% to $367.7 million in 2023, then surged by 323.88% to $1.6 billion in 2024, then slumped by 99.98% to $335000.0 in 2025.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $335000.0 in Q4 2025, $251000.0 in Q3 2025, and $351.3 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 2.85 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 441.75 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 961.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.34 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 241.90 Mn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.10 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 1.28 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.07 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -31.50 Mn
10 P3 Health Partners 36.19 Mn 25.39 Mn 384.48 Mn 335,000.00

Historic Data

Download Data
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