Company: PIII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001832511-25-000013
Chunk: 13

Company: P3 Health Partners Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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 Partners Inc. | Q2 2025 Form 10-Q | 30

Results of Operations

The following tables set forth our consolidated statements of operations data for the periods indicated. Amounts may not sum due to rounding.Three Months EndedJune 30, 2025% of RevenueThree Months EndedJune 30, 2024% of Revenue (dollars in thousands)Operating revenue:Capitated revenue$351,724 99 %$374,306 99 %Other patient service revenue4,064 1 4,851 1 Total operating revenue355,788 100 379,157 100 Operating expense: Medical expense351,350 99 365,171 96 Premium deficiency reserve(5,967)(2)(3,397)(1)Corporate, general and administrative expense23,295 7 26,610 7 Sales and marketing expense151 0 414 0 Depreciation and amortization21,083 6 21,693 6 Total operating expense389,912 110 410,491 108 Operating loss(34,124)(10)(31,334)(8)Other (expense) income: Interest expense, net(10,145)(3)(5,436)(1)Mark-to-market of stock warrants2,002 1 8,673 2 Other583 0 291 — Total other income (expense)(7,560)(2)3,528 1 Loss before income taxes(41,684)(12)(27,806)(7)Income tax provision(1,981)(1)(968)— Net loss(43,665)(13)(28,774)(7)Net loss attributable to redeemable non-controlling interest(23,303)(7)(16,754)(4)Net loss attributable to controlling interest$(20,362)(6)%$(12,020)(3)%

P3 Health Partners Inc. | Q2 2025 Form 10-Q | 31

Results of Operations

The following tables set forth our condensed consolidated statements of operations data for the periods indicated. Amounts may not sum due to rounding.

Six Months EndedJune 30, 2025% of RevenueSix Months EndedJune 30, 2024% of Revenue (dollars in thousands)Operating revenue:Capitated revenue$721,241 99 %$758,440 99 %Other patient service revenue7,772