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

Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Net assets classified as held for sale for the Company’s remaining Florida operations are summarized as follows:


	September 30, 2025		December 31, 2024
	(in thousands)
Assets:
Property and equipment, net	$	—	$	571
Intangible assets, net	—		7,576
Other long-term assets	—		314
Accumulated impairment	—		(8,058)
Total assets	$	—	$	403
Liabilities:
Accrued expenses and other current liabilities	$	—	$	56
Operating lease liability	—		297
Total liabilities	$	—	$	353
Net assets	$	—	$	50

The Company categorizes revenue based on various factors, such as the nature of contracts, as follows:


Revenue Type	Three Months Ended September 30, 2025		% of Total		Three Months Ended September 30, 2024		% of Total
	(dollars in thousands)
Capitated revenue	$	341,555	98.9	%	$	357,706	98.8	%
Other patient service revenue:
Clinical fees & insurance revenue	872		0.3		1,536		0.4
Care coordination / management fees	2,750		0.8		2,770		0.8
Incentive fees	76		0.0		112		0.0
Total other patient service revenue	3,698		1.1		4,418		1.2
Total revenue	$	345,253	100.0	%	$	362,124	100.0	%


Revenue Type	Nine Months Ended September 30, 2025		% of Total		Nine Months Ended September 30, 2024		% of Total
	(dollars in thousands)
Capitated revenue	$	1,062,796	98.9	%	$	1,116,146	98.8	%
Other patient service revenue:
Clinical fees & insurance revenue	2,672		0.2		4,588		0.4
Care coordination / management fees	8,112		0.8		8,763		0.8
Incentive fees	686		0.1		272		0.0
Total other patient service revenue	11,470		1.1		13,623		1.2
Total revenue	$	1,074,266	100.0	%	$	1,129,769	100.0	%