P3 Health Partners Inc.
PIIINasdaqHealthcare · Services-Health Services · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.50B | $1.27B | $1.05B | $578.6M | $491.1M |
| Operating income | −$270.3M | −$320.7M | −$167.9M | −$1.56B | −$129.1M | −$28.6M |
| Net income | −$147.9M | −$135.8M | −$57.8M | −$270.1M | −$146.4M | −$31.4M |
| Total assets | $656.6M | $783.4M | $861.0M | $876.6M | $2.36B | $106.4M |
| Total liabilities | $796.9M | $633.9M | $427.3M | $353.9M | $299.9M | $146.0M |
| Equity | −$155.2M | $75.9M | $142.1M | $5.9M | $273.6M | — |
| EPS (diluted) | $-45.26 | $-54.06 | $-0.63 | $-6.50 | $-0.24 | — |
| Shares out. | 3.3M | 2.9M | 294.6M | 41.6M | 41.6M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −18.5%
- Net margin
- −10.1%
- Return on equity
- 95.3%
- Return on assets
- −22.5%
- Return on capital (ROCE)
- −242.7%
- Liabilities / assets
- 121.4%
- Debt / equity
- —
- Book value / share
- $-47.49
- Revenue growth (YoY)
- −2.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -10.32distress
- Accruals / assets
- −8.6%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 3 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 12, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2022
- NT 10-Qmissed a reporting deadline ↗May 17, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2022
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Chicago Pacific Founders Ugp, LlcActivist (13D)Jun 6, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 283,541 | 1.0 | +293.3% |
| Apr 30, 2026 | 72,094 | 7.6 | -3.3% |
| Apr 15, 2026 | 74,532 | 2.5 | -21.5% |
| Mar 31, 2026 | 94,972 | 2.1 | +2.8% |
| Mar 13, 2026 | 92,394 | 1.0 | +16.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard noticeMay 26, 2026
- Delisting / listing-standard notice · Other material eventMay 15, 2026
- Results of operationsMay 14, 2026
- Entered a material agreement · Unregistered equity sale · Amended charter or bylawsApr 28, 2026
- Results of operationsMar 26, 2026
- Entered a material agreementMar 25, 2026
- Entered a material agreementFeb 17, 2026
- Delisting / listing-standard noticeNov 28, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (4)
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