P3 Health Partners Inc. Quarterly report [Sections 13 or 15(d)]

Intangible Assets

3 Months Ended

Mar. 31, 2026

Note 6: Intangible Assets

Intangible assets, net consisted of the following:



	March 31, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in thousands)
Indefinite lived intangible assets:
Medical licenses	$	700	$	—	$	700	$	700	$	—	$	700
Definite lived intangible assets:
Customer relationships	672,639		(290,031)		382,608		671,819		(273,361)		398,458
Trademarks	148,635		(64,656)		83,979		148,635		(61,005)		87,630
Payor contracts	4,700		(1,998)		2,702		4,700		(1,880)		2,820
Provider network	5,064		(2,064)		3,000		4,734		(1,919)		2,815
Total	$	831,738	$	(358,749)	$	472,989	$	830,588	$	(338,165)	$	492,423

Amortization of intangible assets was $20.6 million and $20.5 million during the three months ended March 31, 2026 and 2025, respectively.