P3 Health Partners (PIIIW) EBITDA (2021 - 2025)
P3 Health Partners (PIIIW) reported EBITDA of -$153.4 million for Q4 2025, down 11.29% on a YoY basis from -$172.9 million in Q4 2024, and down 250.77% quarter-over-quarter from -$43.7 million in Q3 2025.
P3 Health Partners (PIIIW) EBITDA (2021 - 2025) Analysis & Trends
P3 Health Partners has reported EBITDA for 5 years, with the latest figure at -$153.4 million in Q4 2025.
- For the quarter ending Q4 2025, EBITDA fell 11.29% year-over-year to -$153.4 million; the trailing twelve-month figure through Dec 2025 stood at -$268.1 million (up 15.76% YoY), and the FY2025 full-year result was -$268.1 million, up 15.76% from the prior year.
- EBITDA for Q4 2025 stood at -$153.4 million, down from -$43.7 million in the prior quarter.
- The five-year high for EBITDA was $564.4 million in Q4 2021, with the low at -$911.6 million in Q2 2022.
- Historically, EBITDA has averaged -$90.6 million across 5 years, with a median of -$43.5 million in 2024.
- Annual changes were most pronounced in 2022 — EBITDA sank 3410.01% — and 2023, when it surged 97.76%.
- P3 Health Partners' EBITDA stood at $564.4 million in 2021, then slumped by 194.96% to -$535.9 million in 2022, then surged by 88.1% to -$63.8 million in 2023, then plunged by 116.13% to -$137.8 million in 2024, then declined by 11.29% to -$153.4 million in 2025.
- The last three EBITDA figures came in at -$153.4 million (Q4 2025), -$43.7 million (Q3 2025), and -$33.5 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -566.00 Mn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 1.30 Bn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 481.89 Mn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 59.70 Mn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 124.85 Mn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 502.86 Mn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 1.13 Bn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 98.88 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 120.04 Mn |
| 10 | P3 Health Partners | - | - | 384.48 Mn | -153.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 564.38 Mn |
| Sep 30, 2021 | -28.12 Mn |
| Jun 30, 2021 | -25.97 Mn |
| Mar 31, 2021 | -12.66 Mn |