P3 Health Partners (PIIIW) Cost of Revenue (2021 - 2025)

P3 Health Partners (PIIIW) reported Cost of Revenue of $335000.0 for Q4 2025, down 99.98% on a YoY basis from $1.6 billion in Q4 2024, and up 33.47% quarter-over-quarter from $251000.0 in Q3 2025.

P3 Health Partners (PIIIW) Cost of Revenue (2021 - 2025) Analysis & Trends

P3 Health Partners has reported Cost of Revenue for 5 years, with the latest figure at $335000.0 in Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue fell 99.98% year-over-year to $335000.0; the trailing twelve-month figure through Dec 2025 stood at $724.0 million (down 62.37% YoY), and the FY2025 full-year result was $918000.0, down 99.94% from the prior year.
  • Cost of Revenue for Q4 2025 stood at $335000.0, up from $251000.0 in the prior quarter.
  • The five-year high for Cost of Revenue was $1.6 billion in Q4 2024, with the low at -$346.4 million in Q4 2021.
  • Historically, Cost of Revenue has averaged $256.2 million across 5 years, with a median of $208.1 million in 2021.
  • The largest YoY upside for Cost of Revenue was 115441.3% in 2025 against a maximum downside of 99.98% in 2025.
  • P3 Health Partners' Cost of Revenue stood at -$346.4 million in 2021, then surged by 404.19% to $1.1 billion in 2022, then plunged by 65.11% to $367.7 million in 2023, then surged by 323.88% to $1.6 billion in 2024, then tumbled by 99.98% to $335000.0 in 2025.
  • The last three Cost of Revenue figures came in at $335000.0 (Q4 2025), $251000.0 (Q3 2025), and $351.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 2.85 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 961.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 2.34 Bn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 241.90 Mn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 1.10 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 1.28 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 4.28 Bn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 441.75 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.07 Bn
10 P3 Health Partners - - 384.48 Mn 335,000.00

Historic Data

Download Data
DateValue
Dec 31, 2025 335,000.00
Dec 31, 2025 335,000.00
Sep 30, 2025 251,000.00
Sep 30, 2025 251,000.00
Jun 30, 2025 351.35 Mn
Jun 30, 2025 351.35 Mn
Mar 31, 2025 372.04 Mn
Mar 31, 2025 372.04 Mn
Dec 31, 2024 1.56 Bn
Dec 31, 2024 1.56 Bn
Sep 30, 2024 134,000.00
Sep 30, 2024 134,000.00
Jun 30, 2024 365.17 Mn
Jun 30, 2024 365.17 Mn
Mar 31, 2024 322,000.00
Mar 31, 2024 322,000.00
Dec 31, 2023 367.68 Mn
Dec 31, 2023 367.68 Mn
Sep 30, 2023 279.22 Mn
Sep 30, 2023 279.22 Mn