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

P3 Health Partners has reported Operating Expenses for 5 years, with the latest figure at $538.7 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses rose 5.79% year-over-year to $538.7 million; the trailing twelve-month figure through Dec 2025 stood at $1.7 billion (down 5.04% YoY), and the FY2025 full-year result was $1.7 billion, down 5.04% from the prior year.
• Operating Expenses for Q4 2025 stood at $538.7 million, up from $389.5 million in the prior quarter.
• The five-year high for Operating Expenses was $1.2 billion in Q2 2022, with the low at $164.3 million in Q1 2021.
• Historically, Operating Expenses has averaged $427.1 million across 5 years, with a median of $389.9 million in 2025.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 592.81% — and 2023, when it slumped 70.37%.
• P3 Health Partners' Operating Expenses 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.