Quarterly report [Sections 13 or 15(d)]

Variable Interest Entities (Tables)

v3.25.2
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2025
Variable Interest Entities  
Summary of balance sheet and income statement of VIEs
Since P3 LLC represents substantially all the assets and liabilities of the Company, the following tables provide a summary of the assets, liabilities, and operating performance of only VIEs held at the P3 LLC level.
June 30, 2025 December 31, 2024
(in thousands)
ASSETS
Cash $ 4,561  $ 5,216 
Clinic fees, insurance and other receivable 2,851  2,440 
Prepaid expenses and other current assets 468  447 
Property and equipment, net 32  37 
Other long-term assets 2,069  1,116 
TOTAL ASSETS $ 9,981  $ 9,256 
LIABILITIES AND MEMBERS’ DEFICIT
Accounts payable $ 311  $ 4,521 
Accrued expenses and other current liabilities 1,074  677 
Accrued payroll 564  3,795 
Claims payable 3,691  5,004 
Other long-term liabilities 835  919 
Due to consolidated entities of P3 48,265  40,264 
TOTAL LIABILITIES 54,740  55,180
MEMBERS’ DEFICIT (44,759) (45,924)
TOTAL LIABILITIES AND MEMBERS’ DEFICIT $ 9,981  $ 9,256 
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
(in thousands)
Revenue $ 5,395  $ 9,354  $ 13,554  $ 19,118 
Expense 4,525  9,803  12,679  19,700 
Net income (loss)
$ 870  $ (449) $ 875  $ (582)