The earnings call reflects a positive trajectory for P3 Health Partners with significant improvements in strategic initiatives, clinical performance, and operational metrics. However, challenges remain with declining revenue and membership and the impact of one underperforming payer contract.

Company Guidance -

Q2 2025

During the P3 Health Partners First Quarter 2025 Earnings Conference Call, guidance for 2025 was reiterated with several key metrics highlighted. Three out of four markets reached breakeven or better in Q1, with an expectation for sequential growth throughout the year. Notably, per member per month (PMPM) funding increased by 8%, reflecting improved disease burden capture. The company achieved a $20 million year-over-year improvement in operating efficiency, with operating expenses declining 18% sequentially and 11% year-over-year. Contracting efforts are ahead of schedule, contributing $35 million in incremental EBITDA improvements. Additionally, medical expense management initiatives are expected to deliver over $30 million in savings for 2025. Quality performance showed a nearly 30% improvement in Part C measures. Total revenue for Q1 was $373 million, a 4% decrease from the prior year, with membership down 8% year-over-year. Despite these challenges, P3 Health Partners remains confident in meeting full-year targets, supported by positive trends in clinical initiatives and strategic partnerships.

Strategic Initiatives and Operating Improvements

P3 Health Partners is executing programmatic initiatives ahead of schedule, achieving a $130 million improvement in adjusted EBITDA, with a $20 million improvement in operating efficiency year-over-year and a decrease in operating expenses by 11% year-over-year.

Positive Clinical and Operational Trends

Utilization metrics for acute admissions, emergency department usage, and post-acute care admissions have improved, with a 21% decrease in emergency department usage and a 22% decrease in SNF admissions.

ACO REACH Membership Growth

ACO REACH membership increased by 60% year-over-year, contributing $8 million of EBITDA, reflecting profitability and strong operational performance.

Improved Financial Metrics

The company saw an 8% increase in per member per month funding and a 30% improvement in Part C quality measures.

P3 Health Partners (PIII) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PIII Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 14, 2025	2025 (Q2)	-5.86 / -	-7.5	―	―	―
May 15, 2025	2025 (Q1)	-8.16 / -6.28	-8	21.50% (+1.72)	―
Mar 27, 2025	2024 (Q4)	-4.09 / -18.00	-11	-63.64% (-7.00)	―
Nov 12, 2024	2024 (Q3)	-1.84 / -15.50	-6	-158.33% (-9.50)	―
Aug 07, 2024	2024 (Q2)	-2.20 / -7.50	-4.5	-66.67% (-3.00)	―
May 08, 2024	2024 (Q1)	-6.36 / -8.00	-11	27.27% (+3.00)	―
Mar 28, 2024	2023 (Q4)	-5.48 / -11.00	-113	90.27% (+102.00)	―
Nov 08, 2023	2023 (Q3)	-8.97 / -6.00	-13.5	55.56% (+7.50)	―
Aug 07, 2023	2023 (Q2)	-6.50 / -4.50	-186.5	97.59% (+182.00)	―
May 10, 2023	2023 (Q1)	- / -	-0.254	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PIII Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 15, 2025	$8.30	$7.99	-3.73%
Mar 27, 2025	$9.04	$8.62	-4.65%
Nov 12, 2024	$19.52	$12.50	-35.96%
Aug 07, 2024	$30.82	$29.53	-4.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does P3 Health Partners (PIII) report earnings?

P3 Health Partners (PIII) is schdueled to report earning on Aug 14, 2025, After Close (Confirmed).

What is P3 Health Partners (PIII) earnings time?

P3 Health Partners (PIII) earnings time is at Aug 14, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PIII EPS forecast?

PIII EPS forecast for the fiscal quarter 2025 (Q2) is -5.86.

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