P3 Health Partners (PIII) Operating Expenses (2021 - 2025)

P3 Health Partners (PIII) has reported Operating Expenses for 5 consecutive years, with $538.7 million the latest figure, recorded in Q4 2025.

• Operating Expenses for Q4 2025 came in at $538.7 million, up 5.79% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.7 billion (down 5.04% YoY), and the FY2025 annual result was $1.7 billion, down 5.04% from the prior year.
• Operating Expenses was $538.7 million for Q4 2025 at P3 Health Partners, up from $389.5 million in the prior quarter.
• Over five years, Operating Expenses peaked at $1.2 billion in Q2 2022 and troughed at $164.3 million in Q1 2021.
• Average Operating Expenses over 5 years is $427.1 million, with a median of $389.9 million recorded in 2025.
• Year-over-year, Operating Expenses soared 592.81% in 2022 and plunged 70.37% in 2023.
• Over 5 years, Operating Expenses stood at $184.3 million in 2021, then surged by 331.21% to $794.8 million in 2022, then tumbled by 48.27% to $411.1 million in 2023, then climbed by 23.85% to $509.2 million in 2024, then climbed by 5.79% to $538.7 million in 2025.
• Per Business Quant data, the three most recent Operating Expenses figures were $538.7 million in Q4 2025, $389.5 million in Q3 2025, and $389.9 million in Q2 2025.