P3 Health Partners Inc. (NASDAQ:PIII) shares surged 42.68% to $5.75 in after-hours trading on Thursday after the Nevada-based population health management company posted first-quarter 2026 results, reporting earnings per share of negative $1.72, beating analyst estimates of negative $3.28 by 47.56%.
This marks a stark turnaround from the fourth quarter reported in March, when EPS was negative $23.02, missing estimates by 182.11%.
Sharp Reversal From Year-Ago Loss
P3 Health’s revenue for the quarter ended Mar. 31 rose 4% year-over-year to $386 million, while per-member revenue surged 14%, driven by contract restructuring and rate improvements. Adjusted EBITDA came in at $25.8 million, or $81 per member per month.
Net income of the company was $3 million compared to a $44.2 million net loss in the year-ago quarter.
Full story available on Benzinga.com
