2024 Q3 Form 10-Q Financial Statement
#000162828024047186 Filed on November 12, 2024
Income Statement
Concept | 2024 Q3 |
---|---|
Revenue | $362.1M |
YoY Change | 25.58% |
Cost Of Revenue | $401.9M |
YoY Change | 43.95% |
Gross Profit | -$39.80M |
YoY Change | -537.32% |
Gross Profit Margin | -10.99% |
Selling, General & Admin | $27.35M |
YoY Change | -18.88% |
% of Gross Profit | |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $600.0K |
YoY Change | 20.0% |
% of Gross Profit | |
Operating Expenses | $469.1M |
YoY Change | 45.61% |
Operating Profit | -$107.0M |
YoY Change | 216.35% |
Interest Expense | -$5.647M |
YoY Change | 41.18% |
% of Operating Profit | |
Other Income/Expense, Net | $535.0K |
YoY Change | -117.5% |
Pretax Income | -$106.5M |
YoY Change | 188.68% |
Income Tax | -$3.605M |
% Of Pretax Income | |
Net Earnings | -$46.51M |
YoY Change | 249.82% |
Net Earnings / Revenue | -12.84% |
Basic Earnings Per Share | -$0.29 |
Diluted Earnings Per Share | -$0.31 |
COMMON SHARES | |
Basic Shares Outstanding | 161.9M shares |
Diluted Shares Outstanding | 164.7M shares |
Balance Sheet
Concept | 2024 Q3 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $62.96M |
YoY Change | 19.7% |
Cash & Equivalents | $63.00M |
Short-Term Investments | |
Other Short-Term Assets | $26.29M |
YoY Change | 241.44% |
Inventory | |
Prepaid Expenses | |
Receivables | $123.3M |
Other Receivables | $2.495M |
Total Short-Term Assets | $215.1M |
YoY Change | 19.71% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $6.315M |
YoY Change | -32.53% |
Goodwill | |
YoY Change | |
Intangibles | $594.9M |
YoY Change | -13.52% |
Long-Term Investments | |
YoY Change | |
Other Assets | $17.08M |
YoY Change | -14.57% |
Total Long-Term Assets | $618.3M |
YoY Change | -13.8% |
TOTAL ASSETS | |
Total Short-Term Assets | $215.1M |
Total Long-Term Assets | $618.3M |
Total Assets | $833.3M |
YoY Change | -7.09% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $13.47M |
YoY Change | 15.8% |
Accrued Expenses | $49.21M |
YoY Change | 134.79% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $208.0K |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $405.3M |
YoY Change | 51.63% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $133.2M |
YoY Change | 23.07% |
Other Long-Term Liabilities | $30.88M |
YoY Change | 52.1% |
Total Long-Term Liabilities | $133.2M |
YoY Change | 23.07% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $405.3M |
Total Long-Term Liabilities | $133.2M |
Total Liabilities | $569.4M |
YoY Change | 43.84% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$444.6M |
YoY Change | 30.04% |
Common Stock | |
YoY Change | |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $120.5M |
YoY Change | |
Total Liabilities & Shareholders Equity | $833.3M |
YoY Change | -7.09% |
Cashflow Statement
Concept | 2024 Q3 |
---|---|
OPERATING ACTIVITIES | |
Net Income | -$46.51M |
YoY Change | 249.82% |
Depreciation, Depletion And Amortization | $600.0K |
YoY Change | 20.0% |
Cash From Operating Activities | -$22.62M |
YoY Change | 198.0% |
INVESTING ACTIVITIES | |
Capital Expenditures | $0.00 |
YoY Change | -100.0% |
Acquisitions | |
YoY Change | |
Other Investing Activities | $15.00M |
YoY Change | |
Cash From Investing Activities | $15.00M |
YoY Change | -3946.15% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -2.486M |
YoY Change | 2662.22% |
NET CHANGE | |
Cash From Operating Activities | -22.62M |
Cash From Investing Activities | 15.00M |
Cash From Financing Activities | -2.486M |
Net Change In Cash | -10.10M |
YoY Change | 25.2% |
FREE CASH FLOW | |
Cash From Operating Activities | -$22.62M |
Capital Expenditures | $0.00 |
Free Cash Flow | -$22.62M |
YoY Change | 183.43% |
Facts In Submission
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piii |
Premium Deficiency Testing Expense Long Duration Contract Amount1
PremiumDeficiencyTestingExpenseLongDurationContractAmount1
|
-9361000 | usd | |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
27219000 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
33065000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
81230000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
97931000 | usd | |
CY2024Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
134000 | usd |
CY2023Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
654000 | usd |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
870000 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2512000 | usd | |
CY2024Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
21673000 | usd |
CY2023Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
21721000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
64905000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
65041000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1023184000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-103670000 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-11939000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
327000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-455000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-12721000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-116391000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
928000 | usd | |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
686000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-9199000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2685000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
740000 | usd |
CY2023Q2 | piii |
Adjustments To Additional Paid In Capital Fair Value Adjustment Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalFairValueAdjustmentRedeemableNonControllingInterest
|
-330617000 | usd |
CY2023Q2 | piii |
Adjustment To Equity Remeasurement Adjustment
AdjustmentToEquityRemeasurementAdjustment
|
119630000 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
86582000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-9816000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-136166000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
2146000 | usd |
CY2023Q3 | piii |
Restricted Stock Units Transaction Bonus
RestrictedStockUnitsTransactionBonus
|
5000000 | usd |
CY2023Q3 | piii |
Adjustments To Additional Paid In Capital Fair Value Adjustment Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalFairValueAdjustmentRedeemableNonControllingInterest
|
330617000 | usd |
CY2023Q3 | piii |
Adjustment To Equity Remeasurement Adjustment
AdjustmentToEquityRemeasurementAdjustment
|
-358000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-13296000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
187943000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
142130000 | usd |
CY2024Q1 | piii |
Stock Issued During The Period Settlement Of Restricted Stock Units Net Of Shares Withheld For Tax Value
StockIssuedDuringThePeriodSettlementOfRestrictedStockUnitsNetOfSharesWithheldForTaxValue
|
-73000 | usd |
CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1449000 | usd |
CY2024Q1 | piii |
Adjustments To Additional Paid In Capital Fair Value Adjustment Redeemable Non Controlling Interest
AdjustmentsToAdditionalPaidInCapitalFairValueAdjustmentRedeemableNonControllingInterest
|
20579000 | usd |
CY2024Q1 | piii |
Adjustment To Equity Remeasurement Adjustment
AdjustmentToEquityRemeasurementAdjustment
|
1211000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-18700000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
146596000 | usd |
CY2024Q2 | piii |
Stock Issued During The Period Settlement Of Restricted Stock Units Net Of Shares Withheld For Tax Value
StockIssuedDuringThePeriodSettlementOfRestrictedStockUnitsNetOfSharesWithheldForTaxValue
|
-30000 | usd |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1624000 | usd |
CY2024Q2 | piii |
Adjustment To Equity Remeasurement Adjustment
AdjustmentToEquityRemeasurementAdjustment
|
24095000 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6575000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-12020000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
166840000 | usd |
CY2024Q3 | piii |
Stock Issued During The Period Settlement Of Restricted Stock Units Net Of Shares Withheld For Tax Value
StockIssuedDuringThePeriodSettlementOfRestrictedStockUnitsNetOfSharesWithheldForTaxValue
|
-24000 | usd |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1958000 | usd |
CY2024Q3 | piii |
Adjustment To Equity Remeasurement Adjustment
AdjustmentToEquityRemeasurementAdjustment
|
-1748000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
-46512000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
120514000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-181230000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-117319000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
64905000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
65041000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5031000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4259000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
13000 | usd | |
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
405000 | usd | |
piii |
Accretion Of Contingent Consideration
AccretionOfContingentConsideration
|
0 | usd | |
piii |
Accretion Of Contingent Consideration
AccretionOfContingentConsideration
|
113000 | usd | |
piii |
Gain On Write Off Of Contingent Consideration
GainOnWriteOffOfContingentConsideration
|
4907000 | usd | |
piii |
Gain On Write Off Of Contingent Consideration
GainOnWriteOffOfContingentConsideration
|
0 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-14626000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
327000 | usd | |
piii |
Premium Deficiency Testing Expense Long Duration Contract Amount1
PremiumDeficiencyTestingExpenseLongDurationContractAmount1
|
15771000 | usd | |
piii |
Premium Deficiency Testing Expense Long Duration Contract Amount1
PremiumDeficiencyTestingExpenseLongDurationContractAmount1
|
-9361000 | usd | |
piii |
Increase Decrease In Health Plan Receivables Premiums
IncreaseDecreaseInHealthPlanReceivablesPremiums
|
4828000 | usd | |
piii |
Increase Decrease In Health Plan Receivables Premiums
IncreaseDecreaseInHealthPlanReceivablesPremiums
|
45258000 | usd | |
piii |
Increase Decrease In Clinic Fees Insurance And Other Receivables
IncreaseDecreaseInClinicFeesInsuranceAndOtherReceivables
|
-445000 | usd | |
piii |
Increase Decrease In Clinic Fees Insurance And Other Receivables
IncreaseDecreaseInClinicFeesInsuranceAndOtherReceivables
|
-5275000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
7402000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
429000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
2000 | usd | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
1214000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1780000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2758000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
903000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
2405000 | usd | |
piii |
Increase Decrease In Health Plan Payables Premiums
IncreaseDecreaseInHealthPlanPayablesPremiums
|
6177000 | usd | |
piii |
Increase Decrease In Health Plan Payables Premiums
IncreaseDecreaseInHealthPlanPayablesPremiums
|
21814000 | usd | |
piii |
Increase Decrease In Claims Payable
IncreaseDecreaseInClaimsPayable
|
52727000 | usd | |
piii |
Increase Decrease In Claims Payable
IncreaseDecreaseInClaimsPayable
|
4290000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
12281000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
7092000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
72000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-348000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-52890000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-60150000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2039000 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
15000000 | usd | |
CY2023Q3 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
15000000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2039000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
25000000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
14101000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
100000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
173000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
40547000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
87244000 | usd | |
piii |
Proceeds From Issuance Of Common Stock Net Of Offering Cost
ProceedsFromIssuanceOfCommonStockNetOfOfferingCost
|
33000 | usd | |
piii |
Proceeds From Issuance Of Common Stock Net Of Offering Cost
ProceedsFromIssuanceOfCommonStockNetOfOfferingCost
|
0 | usd | |
piii |
Deferred Offering Costs Paid
DeferredOfferingCostsPaid
|
507000 | usd | |
piii |
Deferred Offering Costs Paid
DeferredOfferingCostsPaid
|
0 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
127000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
0 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1663000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
1871000 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
65054000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
101172000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
27164000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
38983000 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
40934000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18457000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
68098000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
57440000 | usd |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-102900000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-37300000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-181200000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-117300000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
63000000.0 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
36300000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that could affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to allowance for credit losses, revenue recognition, the liability for unpaid claims, equity-based compensation, premium deficiency reserves (“PDR”), fair value and impairment recognition of long-lived assets </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(including intangibles), fair value of liability classified instruments, and judgments related to deferred income taxes. The Company bases its estimates on the best information available at the time, its experiences, and various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.</span></div> | ||
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
362124000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
288351000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1129769000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
919514000 | usd | |
CY2024Q3 | piii |
Number Of Customers
NumberOfCustomers
|
5 | customer |
piii |
Number Of Customers
NumberOfCustomers
|
4 | customer | |
piii |
Number Of Customers
NumberOfCustomers
|
3 | customer | |
CY2023 | piii |
Number Of Customers
NumberOfCustomers
|
3 | customer |
CY2024Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
19296000 | usd |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
51000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
12588000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
13467000 | usd |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6273000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4781000 | usd |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
6315000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
8686000 | usd |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
600000 | usd |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
500000 | usd |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
500000 | usd |
us-gaap |
Depreciation
Depreciation
|
1700000 | usd | |
us-gaap |
Depreciation
Depreciation
|
1800000 | usd | |
CY2024Q3 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
15000000 | usd |
CY2024Q3 | us-gaap |
Deposit Liability Current
DepositLiabilityCurrent
|
15000000 | usd |
CY2024Q3 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
830587000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
235722000 | usd |
CY2024Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
594865000 | usd |
CY2024Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
594865000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
842835000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
176102000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
666733000 | usd |
CY2024Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
21000000.0 | usd |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
21100000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
63100000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
63200000 | usd | |
CY2024Q3 | piii |
Short Term Borrowings Due Period Three
ShortTermBorrowingsDuePeriodThree
|
200000 | usd |
CY2024Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
134477000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
109102000 | usd |
CY2024Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
1249000 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
783000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
133228000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
108319000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
164701000 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
312679000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
141723000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
288379000 | shares | |
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
335209000 | shares |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
92745000 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
335209000 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
92745000 | shares | |
piii |
Common Units Exchanged Or Redeemed In Period
CommonUnitsExchangedOrRedeemedInPeriod
|
600000 | shares | |
piii |
Common Units Exchanged Or Redeemed In Period
CommonUnitsExchangedOrRedeemedInPeriod
|
3500000 | shares | |
piii |
Redeemable Noncontrolling Interest Equity Fair Value Remeasurement Adjustment
RedeemableNoncontrollingInterestEquityFairValueRemeasurementAdjustment
|
0 | usd | |
piii |
Redeemable Noncontrolling Interest Equity Fair Value Remeasurement Adjustment
RedeemableNoncontrollingInterestEquityFairValueRemeasurementAdjustment
|
0 | usd | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
CY2024Q2 | piii |
Ownership Interest Contigency Trigger Percentage
OwnershipInterestContigencyTriggerPercentage
|
0.40 | |
CY2024Q2 | piii |
Maximum Amount Of Shares Owned By Related Party
MaximumAmountOfSharesOwnedByRelatedParty
|
0.4999 | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |