Company: PIII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001832511-25-000013
Chunk: 147

Company: P3 Health Partners Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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351,724 98.9 %$374,306 98.7 %Other patient service revenue:Clinical fees & insurance revenue808 0.2 1,107 0.3 Care coordination / management fees2,667 0.7 3,603 1.0 Incentive fees589 0.2 141 0.0 Total other patient service revenue4,064 1.1 4,851 1.3 Total revenue$355,788 100.0 %$379,157 100.0 %Revenue TypeSix Months Ended June 30, 2025% of TotalSix Months Ended June 30, 2024% of Total(dollars in thousands)Capitated revenue$721,241 98.9 %$758,440 98.8 %Other patient service revenue:Clinical fees & insurance revenue1,800 0.3 3,052 0.4 Care coordination / management fees5,362 0.7 5,993 0.8 Incentive fees610 0.1 160 0.0 Total other patient service revenue7,772 1.1 9,205 1.2 Total revenue$729,013 100.0 %$767,645 100.0 %During each of the three months ended June 30, 2025 and 2024, four health plan customers each accounted for 10% or more of total revenue and collectively comprised 66% and 59% of the Company’s total revenue, respectively. During each of the six months ended June 30, 2025 and 2024, five and four health plan customers, respectively, each accounted for 10% or more of total revenue and collectively comprised 75% and 60% of the Company’s total revenue, respectively. Five and three health plan customers, respectively, each accounted for 10% or more of total health plan receivable as of June 30, 2025 and December 31, 2024, respectively.

Reverse Stock SplitOn April 11, 2025, the Company effected a 1-for-50 reverse stock split of its Class A common stock and Class V common stock, $0.0001 par value. All common stock amounts and references have been retroactively adjusted for all figures presented to reflect this split unless specifically stated otherwise. See Note