Company: PIII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001832511-25-000013
Chunk: 85

Company: P3 Health Partners Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 85
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Item 1. Financial Statements.

P3 Health Partners Inc. | Q2 2025 Form 10-Q | 4

Table of Contents

P3 HEALTH PARTNERS INC. and SUBSIDIARIES 

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share amounts)

(unaudited)

June 30, 2025December 31, 2024ASSETSCURRENT ASSETS:  Cash $38,581 $38,816 Restricted cash746 5,286 Health plan receivable, net of allowance for credit losses of $15093,463 121,266 Clinic fees, insurance and other receivable7,572 3,947 Prepaid expenses and other current assets 16,169 14,422 Assets held for sale— 403 TOTAL CURRENT ASSETS156,531 184,140 Property and equipment, net 4,687 5,734 Intangible assets, net533,400 574,350 Other long-term assets36,967 19,196 TOTAL ASSETS (1)$731,585 $783,420 LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY  CURRENT LIABILITIES:  Accounts payable$14,395 $8,442 Accrued expenses and other current liabilities29,716 29,416 Accrued payroll 1,162 2,722 Health plan settlements payable41,871 55,565 Claims payable256,037 255,089 Premium deficiency reserve54,439 67,368 Accrued interest26,923 12,460 Current portion of long-term debt80,000 65,000 Short-term debt455 — Liabilities held for sale— 353 TOTAL CURRENT LIABILITIES504,998 496,415 Operating lease liability10,308 11,339 Warrant liabilities4,988 10,312 Long-term debt, net101,956 89,824 Other Long-Term Liabilities22,157 26,001 TOTAL LIABILITIES (1)644,407 633,891 COMMITMENTS AND CONTINGENCIESMEZZANINE EQUITY:Redeemable non-controlling interest42,719 73,593 STOCKHOLDERS’ EQUITY:  Class A common stock, $