Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Details)

v3.26.3
Segment Reporting (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2026
USD ($)
segment
Sep. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Segment Reporting [Abstract]          
Number of reportable segments (segment) | segment     1    
Segment Reporting [Line Items]          
Medical expense $ (346,001) $ (369,789) $ (982,402) $ (1,093,182)  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 30,800 (69,450) 39,759 (154,307)  
Tax benefit (23) (11) 9,709 (3,065)  
Net income (loss) 30,777 (69,461) 49,468 (157,372)  
TOTAL ASSETS [1] 669,719   669,719   $ 656,641
Single Reportable Segment [Member]          
Segment Reporting [Line Items]          
Revenue from Contract with Customer, Including Assessed Tax 396,344 345,253 1,169,115 1,074,266  
Medical expense (322,357) (337,143) (896,794) (1,010,569)  
Depreciation, Depletion and Amortization (21,038) (21,033) (63,156) (63,168)  
Other Cost and Expense, Operating 6,251 (3,810) (54,664) (34,063)  
Interest Expense, Operating (5,042) (20,527) (29,670) (39,397)  
Interest Income, Operating 286 456 536 1,237  
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 30,800 (69,450) 39,759 (154,307)  
Tax benefit (23) (11) 9,709 (3,065)  
Net income (loss) 30,777 (69,461) 49,468 (157,372)  
TOTAL ASSETS 134,384   134,384   92,458
Other Medical Expenses (23,644) $ (32,646) (85,608) $ (82,613)  
Other Assets $ 535,335   $ 535,335   $ 564,183
[1] The Company’s condensed consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 13 “Variable Interest Entities,” P3 LLC is itself a VIE. P3 LLC represents substantially all the assets and liabilities of the Company. As a result, the language and amounts below refer only to VIEs held at the P3 LLC level. The condensed consolidated balance sheets include total assets that can be used only to settle obligations of P3 LLC’s consolidated VIEs totaling $36.2 million and $8.2 million as of September 30, 2026 and December 31, 2025, respectively, and total liabilities of P3 LLC’s consolidated VIEs for which creditors do not have recourse to the general credit of the Company totaled $7.9 million and $6.6 million as of September 30, 2026 and December 31, 2025, respectively. These VIE assets and liabilities do not include $50.6 million and $46.8 million of net amounts due to affiliates as of September 30, 2026 and December 31, 2025, respectively, as these are eliminated in consolidation and not presented within the condensed consolidated balance sheets.