Company: PIII
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001832511-25-000025
Chunk: 97

Company: P3 Health Partners Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 patient service revenue:Clinical fees & insurance revenue872 0.3 1,536 0.4 Care coordination / management fees2,750 0.8 2,770 0.8 Incentive fees76 0.0 112 0.0 Total other patient service revenue3,698 1.1 4,418 1.2 Total revenue$345,253 100.0 %$362,124 100.0 %Revenue TypeNine Months Ended September 30, 2025% of TotalNine Months Ended September 30, 2024% of Total(dollars in thousands)Capitated revenue$1,062,796 98.9 %$1,116,146 98.8 %Other patient service revenue:Clinical fees & insurance revenue2,672 0.2 4,588 0.4 Care coordination / management fees8,112 0.8 8,763 0.8 Incentive fees686 0.1 272 0.0 Total other patient service revenue11,470 1.1 13,623 1.2 Total revenue$1,074,266 100.0 %$1,129,769 100.0 %During each of the three months ended September 30, 2025 and 2024, five and five health plan customers, respectively, each accounted for 10% or more of total revenue and collectively comprised 76% and 69% of the Company’s total revenue. During each of the nine months ended September 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 59% of the Company’s total revenue, respectively. Four and three health plan customers each accounted for 10% or more of total health plan receivable as of September 30, 2025 and December 31, 2024, respectively.

P3 Health Partners Inc. | Q3 2025 Form 10-Q | 13

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