Retained earnings is the accumulated portion of net income that is not distributed to shareholders. P3 Health Partners's retained earnings for the quarter that ended in Mar. 2026 was $-650 Mil.
P3 Health Partners's quarterly retained earnings
declined
from Sep. 2025 ($-576 Mil) to Dec. 2025 ($-651 Mil) but then
increased
from Dec. 2025 ($-651 Mil) to Mar. 2026 ($-650 Mil).
P3 Health Partners's annual retained earnings
declined
from Dec. 2023 ($-367 Mil) to Dec. 2024 ($-503 Mil) and
declined
from Dec. 2024 ($-503 Mil) to Dec. 2025 ($-651 Mil).
P3 Health Partners (NAS:PIII) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
P3 Health Partners Retained Earnings Historical Data
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The historical data trend for P3 Health Partners's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
P3 Health Partners (PIII) has a Retained Earnings of $-650 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on P3 Health Partners and its competitors.
Is P3 Health Partners' Retained Earnings too high?
P3 Health Partners' current Retained Earnings is $-650 Mil. Overall, P3 Health Partners has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does P3 Health Partners' Retained Earnings compare to EHSI and CDIX?
P3 Health Partners' Retained Earnings of $-650 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Healthcare Providers & Services company?
A good Retained Earnings depends on the Healthcare Providers & Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on P3 Health Partners and its competitors. P3 Health Partners's current Retained Earnings is $-650 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P3 Health Partners stock overvalued right now?
Based on GuruFocus' analysis, P3 Health Partners (PIII) is currently considered Modestly Overvalued. The stock's GF Value™ is $9.07, compared to a current price of $10.23 — trading 12.8% above its estimated fair value. The current Retained Earnings is $-650 Mil. P3 Health Partners' overall GF Score™ is 44/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For P3 Health Partners (PIII), the current Retained Earnings is $-650 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is P3 Health Partners (PIII) Overvalued in 2026?
Based on GuruFocus' analysis, P3 Health Partners stock appears to be overvalued.
The current stock price of $10.23 is trading 12.8% above its estimated GF Value™ of $9.07.
GuruFocus considers P3 Health Partners to be Modestly Overvalued.
Key valuation signals for PIII:
Retained Earnings: $-650 Mil
GF Value™: $9.07 vs. price of $10.23 (12.8% above fair value)
No single metric tells the full story. See the PIII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
P3 Health Partners Inc is a patient-centered and physician-led population health management company. P3's model aggregates and supports the community's existing healthcare resources to build a network of community providers working together to deliver coordinated and integrated care to patients with a shared commitment to improving patient outcomes, lowering cost, and delivering experience for all. It includes utilization management, care management, disease education, and maintenance of a quality improvement and quality management program for members assigned to the Company. The Company is also responsible for the credentialing of its providers, processing and payment of claims, and the establishment of a provider network for certain health plans.
44GF Score
Get the complete analysis for PIII
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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