CORRECTED-P3 Health Q4 revenue rises
Overview
US population health manager's Q4 revenue rose yr/yr
Adjusted EBITDA loss for full-year 2025 narrowed yr/yr on a normalized basis
Company expects 2026 adjusted EBITDA midpoint of $10 mln
Outlook
P3 Health Partners expects 2026 adjusted EBITDA between $(20) mln and $40 mln, midpoint $10 mln
Company sees 2026 total revenue of $1.5 bln to $1.7 bln
P3 Health Partners expects 2026 medical margin of $160 mln to $200 mln
Result Drivers
NETWORK ALIGNMENT - Co said at-risk membership declined in FY due to intentional network alignment
HIGHER CAPITATED REVENUE - Capitated revenue per member per month rose 9% yr/yr in Q4
NEGATIVE MEDICAL MARGIN - Medical margin turned negative in Q4
Company press release: ID:nBw1z0XPpa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $384.8 mln | $357.65 mln (2 Analysts) |
Q4 Net Income |
| -$165.7 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy"
Wall Street's median 12-month price target for P3 Health Partners Inc is $11.00, about 253.7% above its March 25 closing price of $3.11
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