Company: PIII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001832511-25-000013
Chunk: 107

Company: P3 Health Partners Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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 | Q2 2025 Form 10-Q | 18

diluted net loss per share for the periods presented because their effect would have been anti-dilutive, adjusted for the reverse stock split as noted above.Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Stock warrants (1)7,7892,1547,789 2,154Stock options (1)430430430 430Restricted stock units (1)141178 141 178 Shares of Class V common stock (2)3,9193,919 3,919 3,919 Total12,2796,68112,279 6,681__________________(1)Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net loss per share.(2)Shares of Class V common stock at the end of the period are considered antidilutive shares of Class A common stock under application of the if-converted method in 2024 and 2025.

Note 10: Redeemable Non-controlling InterestNon-controlling interest represents the portion of P3 LLC that the Company controls and consolidates but does not own (i.e., the Common Units held directly by equity holders other than the Company). The ownership of the Common Units is summarized as follows:June 30, 2025December 31, 2024Units (in thousands)Ownership %Units (in thousands)Ownership %P3 Health Partners Inc.’s ownership of Common Units3,26845.5 %3,25745.4 %Non-controlling interest holders’ ownership of Common Units3,91954.5 3,91954.6 Total Common Units7,187100.0 %7,176100.0 %All periods presented in the table above have been retroactively adjusted to reflect the 1-for-50 reverse stock split effected on April 11, 2025. See Note 3 “Significant Accounting Policies” for further information.During the six months ended June 30, 2024, the Company issued an aggregate of 12,247 shares of Class A common stock to P3 LLC members, as adjusted for the reverse stock split, in connection with such members’ redemptions of an equivalent number of Common Units and corresponding cancellation and retirement of an equivalent number