Feed / PIII

P3 Health Partners Inc.

PIII

Healthcare · 8.36 -0.8% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:45 GMT-4

Market read

P3 Health Partners Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Company-0.8% todayVolume comparison unavailable
Market group0 of 14 activeClimate Solutions & Machinery · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • PIII's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if PIII's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Medical Care Facilities

No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • PIII's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations318
Usable filing statements55
Verified relationships3
Evidence supporting the case
  • Operating margin changed +2.8 percentage points in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -2.8% year over year.
  • Net margin changed -1.1 percentage points in the latest annual period.
  • Diluted shares increased 11.2% in the latest annual period.
Questions before a position
  • EV/sales is 89% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

8.36
6m+294.1%12m+4.6%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-02$578.6M+17.8%
2022-12-31$1.0B+81.4%$-6.50
2023-12-31$1.3B+20.7%$-0.63
2024-12-31$1.5B+18.5%$-54.06
2025-12-31$1.5B-2.8%$-45.26+11.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 2 filings
As a result of these factors, management has concluded that there is substantial doubt about our ability to continue as a going concern within one year after the date the consolidated financial statements included elsewhere in this Form 10-K are issued.
10-K · Mar 26, 2026
Demand and volumepositive · 1 filings
We expect that competition will continue to increase as a result of consolidation in the healthcare industry and increased demand for its services.
10-K · Mar 26, 2026
Restructuring and cost reductionsnegative · 1 filings
For example, due to the decrease in the share price over the second and fourth quarters of 2022, the Company recorded a significant goodwill impairment charge of $1,315.0 million during the year ended December 31, 2022.
10-K · Mar 26, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.0× · EV/sales 0.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

8.36-0.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for PIII. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for PIII. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind PIII

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ASTHAstrana Health, Inc.competitorMar 26, 2026

Our primary competitors in the population health management space include Aledade, Astrana Health and agilon health, in addition to numerous local provider networks, hospitals and health systems.

CNCCentene CorporationlenderMar 26, 2026

Moreover, our inability to maintain our agreements with health plans, in particular with key payors such as Centene Corporation, Atrio Health Plans, United Healthcare, Humana and Aetna, with respect to their MA members or to negotiate favorable terms for thos…

HUMHumana Inc.lenderMar 26, 2026

Moreover, our inability to maintain our agreements with health plans, in particular with key payors such as Centene Corporation, Atrio Health Plans, United Healthcare, Humana and Aetna, with respect to their MA members or to negotiate favorable terms for thos…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

PIII is currently a Follower in the organic co-movement group Climate Solutions & Machinery. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for PIII; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.