P3 Health Partners Inc. (NASDAQ: PIII) announced its financial results for the year ended December 31, 2025, revealing a substantial net loss of $323.1 million, compared to a net loss of $310.4 million in the previous year. The company reported total revenue of $1.46 billion, a slight decrease from $1.50 billion in 2024. The at-risk membership also saw a decline, with approximately 116,000 members, down from 126,000 the previous year. The adjusted EBITDA loss for 2025 was $161.3 million, an improvement from the $167.2 million loss in 2024. Despite these challenges, P3 Health Partners provided guidance for 2026, projecting an adjusted EBITDA in the range of negative $20 million to positive $40 million, with a midpoint of $10 million, indicating a potential $170 million improvement year-over-year. CEO Aric Coffman emphasized the company's focus on strengthening contract economics and improving provider alignment as part of their strategy for future growth. The company will host a conference call on March 26, 2026, to discuss these results and the outlook for the upcoming year.

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