Filing Flows › Privia Health Group (PRVA) › Q3 2025
Privia Health Group (PRVA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Privia Health Group (PRVA) reported revenue of $580M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +11% from the quarter before. Operating margin was 2.5%, net earnings $6.9M (1.2% of revenue).
Privia Health Group, Q3 2025: revenue $580M (+32% year over year), operating margin 2.5%, net earnings $6.9M, operating cash flow $52.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $580M | +11% | +33% |
| Operating profit | $14.4M | +332% | +148% |
| Net earnings | $6.9M | +155% | +94% |
| Operating cash flow | $52.0M | +552% | +57% |
What changed
Revenue was $580.4M in Q3 2025, up 33% year over year and up 11% from the previous quarter. FFS-patient care was the largest line at 61% of revenue. FFS-patient care added $69.3M year over year (up 24%), 49% of the total change.
Operating profit was $14.4M, a 2.5% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, above the 1% margin then. Total costs grew 31% against revenue growth of 33%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $6.9M, up 94% year over year. The effective tax rate was 41.2%.
Operating cash flow was $52.0M (up 57% year over year), 530% of net income including minority interests. Non-cash charges added back $2.8M of depreciation and amortization and $19.0M of share-based compensation. Working capital and other items added $20.4M.
Questions
What was Privia Health Group's revenue in the third quarter 2025?
Privia Health Group (PRVA) reported revenue of $580M for the third quarter 2025 (Q3 2025), +33% from a year earlier and +11% from the quarter before.
Was Privia Health Group profitable in the third quarter 2025?
Operating profit was $14.4M (2.5% of revenue) and net earnings $6.9M.