P3 Health Partners (PIII) EBITDA (2021 - 2026)
P3 Health Partners' (PIII) quarterly EBITDA came in at -$153.9 million in Q4 2025, down 11.09% YoY from -$173.1 million in Q4 2024, and down 247.93% on a QoQ basis from -$44.2 million in Q3 2025.
Analysis
P3 Health Partners (PIII) EBITDA (2021 - 2026) Analysis & Trends
P3 Health Partners (PIII) has 5 years of EBITDA data on file, last reported at -$153.9 million in Q4 2025.
- Quarterly EBITDA fell 11.09% year-over-year to -$153.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$270.3 million (up 15.7% YoY) and the FY2025 annual result came in at -$270.3 million, up 15.7% from the prior year.
- EBITDA declined to -$153.9 million in Q4 2025, from -$44.2 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$13.0 million in Q1 2021 to a low of -$912.2 million in Q2 2022.
- A 5-year average of -$120.7 million and a median of -$44.0 million in 2024 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2022 — EBITDA plunged 3412.32% — and 2023, when it soared 97.69%.
- Tracing PIII's EBITDA over 5 years: stood at -$26.9 million in 2021, then slumped by 1896.87% to -$536.5 million in 2022, then jumped by 88.02% to -$64.3 million in 2023, then slumped by 115.54% to -$138.5 million in 2024, then declined by 11.09% to -$153.9 million in 2025.
- The last three EBITDA figures came in at -$153.9 million (Q4 2025), -$44.2 million (Q3 2025), and -$34.1 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | -2.55 Bn |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 1.50 Bn |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 33.50 Mn |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 579.00 Mn |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 516.68 Mn |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 122.50 Mn |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 103.47 Mn |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 109.33 Mn |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 115.07 Mn |
| 10 | P3 Health Partners | 31.00 Mn | 8.78 Mn | 86.00 Mn | 41.23 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.23 Mn |
| 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 | -26.27 Mn |
| Sep 30, 2021 | -28.12 Mn |
| Jun 30, 2021 | -25.97 Mn |