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

P3 Health Partners (PIIIW) has 5 years of Operating Expenses data on file, last reported 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.
• Across five years, Operating Expenses topped out at $1.2 billion in Q2 2022 and bottomed at $164.3 million in Q1 2021.
• The 5-year median for Operating Expenses is $389.9 million (2025), against an average of $427.1 million.
• The widest annual swing landed in 2022, when Operating Expenses jumped 592.81%; it then plunged 70.37% in 2023.
• A 5-year view of Operating Expenses shows it stood at $184.3 million in 2021, then soared by 331.21% to $794.8 million in 2022, then tumbled by 48.27% to $411.1 million in 2023, then gained by 23.85% to $509.2 million in 2024, then gained 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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