P3 Health Partners (PIII) EBITDA (2021 - 2025)

P3 Health Partners (PIII) reported EBITDA of -$153.4 million for Q4 2025, down 11.29% on a YoY basis from -$172.9 million in Q4 2024, and down 250.77% quarter-over-quarter from -$43.7 million in Q3 2025.

P3 Health Partners (PIII) EBITDA (2021 - 2025) Analysis & Trends

P3 Health Partners has reported EBITDA for 5 years, with the latest figure at -$153.4 million in Q4 2025.

  • For the quarter ending Q4 2025, EBITDA fell 11.29% year-over-year to -$153.4 million; the trailing twelve-month figure through Dec 2025 stood at -$268.1 million (up 15.76% YoY), and the FY2025 full-year result was -$268.1 million, up 15.76% from the prior year.
  • EBITDA for Q4 2025 stood at -$153.4 million, down from -$43.7 million in the prior quarter.
  • The five-year high for EBITDA was $564.4 million in Q4 2021, with the low at -$911.6 million in Q2 2022.
  • Historically, EBITDA has averaged -$90.6 million across 5 years, with a median of -$43.5 million in 2024.
  • Annual changes were most pronounced in 2022 — EBITDA sank 3410.01% — and 2023, when it surged 97.76%.
  • P3 Health Partners' EBITDA stood at $564.4 million in 2021, then slumped by 194.96% to -$535.9 million in 2022, then surged by 88.1% to -$63.8 million in 2023, then plunged by 116.13% to -$137.8 million in 2024, then declined by 11.29% to -$153.4 million in 2025.
  • The last three EBITDA figures came in at -$153.4 million (Q4 2025), -$43.7 million (Q3 2025), and -$33.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn -566.00 Mn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 1.30 Bn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 481.89 Mn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 59.70 Mn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 124.85 Mn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 502.86 Mn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 1.13 Bn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 98.88 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 120.04 Mn
10 P3 Health Partners 35.57 Mn 24.77 Mn 384.48 Mn -153.37 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -153.37 Mn
Sep 30, 2025 -43.72 Mn
Jun 30, 2025 -33.52 Mn
Mar 31, 2025 -37.49 Mn
Dec 31, 2024 -137.80 Mn
Sep 30, 2024 -106.39 Mn
Jun 30, 2024 -30.73 Mn
Mar 31, 2024 -43.33 Mn
Dec 31, 2023 -63.76 Mn
Sep 30, 2023 -33.32 Mn
Jun 30, 2023 -20.43 Mn
Mar 31, 2023 -48.22 Mn
Dec 31, 2022 -535.95 Mn
Sep 30, 2022 -59.31 Mn
Jun 30, 2022 -911.59 Mn
Mar 31, 2022 -51.57 Mn
Dec 2, 2021 564.38 Mn
Sep 30, 2021 -28.12 Mn
Jun 30, 2021 -25.97 Mn
Mar 31, 2021 -12.66 Mn