P3 Health Partners Inc. (PIII) Operating Expenses (2021 - 2026)
P3 Health Partners' (PIII) quarterly Operating Expenses came in at $538.7 million in Q4 2025, up 5.79% YoY from $509.2 million in Q4 2024, and up 38.31% on a QoQ basis from $389.5 million in Q3 2025.
P3 Health Partners Inc. (PIII) Operating Expenses (2021 - 2026) Analysis & Trends
P3 Health Partners (PIII) has 5 years of Operating Expenses data on file, last reported at $538.7 million in Q4 2025.
- Quarterly Operating Expenses rose 5.79% year-over-year to $538.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.7 billion (down 5.04% YoY) and the FY2025 annual result came in at $1.7 billion, down 5.04% from the prior year.
- Operating Expenses advanced to $538.7 million in Q4 2025, from $389.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q2 2022 to a low of $164.3 million in Q1 2021.
- A 5-year average of $427.1 million and a median of $389.9 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 592.81% — and 2023, when it slumped 70.37%.
- Tracing PIII's Operating Expenses over 5 years: stood at $184.3 million in 2021, then surged by 331.21% to $794.8 million in 2022, then plunged by 48.27% to $411.1 million in 2023, then rose by 23.85% to $509.2 million in 2024, then rose by 5.79% to $538.7 million in 2025.
- The last three Operating Expenses figures came in at $538.7 million (Q4 2025), $389.5 million (Q3 2025), and $389.9 million (Q2 2025), per Business Quant data.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 345.16 Mn |
| Dec 31, 2025 | 538.68 Mn |
| Sep 30, 2025 | 389.48 Mn |
| Jun 30, 2025 | 389.91 Mn |
| Mar 31, 2025 | 411.31 Mn |
| Dec 31, 2024 | 509.19 Mn |
| Sep 30, 2024 | 469.11 Mn |
| Jun 30, 2024 | 410.49 Mn |
| Mar 31, 2024 | 432.32 Mn |
| Dec 31, 2023 | 411.12 Mn |
| Sep 30, 2023 | 322.17 Mn |
| Jun 30, 2023 | 350.12 Mn |
| Mar 31, 2023 | 350.89 Mn |
| Dec 31, 2022 | 794.76 Mn |
| Sep 30, 2022 | 308.27 Mn |
| Jun 30, 2022 | 1.18 Bn |
| Mar 31, 2022 | 325.71 Mn |
| Sep 30, 2021 | 184.31 Mn |
| Jun 30, 2021 | 170.56 Mn |
| Mar 31, 2021 | 164.29 Mn |