PIII (PIII)

$4.95 -6.78% on the day Market cap $993M 52-week range $1.52 to $16.89 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

PIII's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from PIII's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation9
Profitability0
Growth5
Financial health1
Cash efficiency0

Results from SEC filings

Fiscal years, from PIII's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20202022202320242025
Revenue$491M$1.0B$1.3B$1.5B$1.5B
Net income-$31M-$270M-$58M-$136M-$148M
Free cash flow-$28M-$128M-$78M-$110M-$91M
EPS (diluted)—-$325.00-$31.50-$54.06-$45.26
Operating margin-5.8%-148.7%-13.3%-21.4%-18.5%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

Capitated Revenue$1.4B98%
Health Care Incentive Fees$16M1%
Health Care Coordination Management Fees$11M1%
Health Care Clinical Fees Insurance Revenue$3M0%

Superinvestors who own PIII

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held PIII in their latest 13F.

Insider buying

Open-market purchases by PIII's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of PIII in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are PIII insiders buying the stock?

No open-market insider purchases of PIII in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.