Filing Flows › Comparisons › PRVA vs PIII
Privia Health Group vs P3 Health Partners: PRVA and PIII compared
Privia Health Group is the larger company: $657M of revenue in its latest quarter (Q3 2026) against $386M for P3 Health Partners (Q2 2026). Privia Health Group is growing faster (+13% against +9% a year earlier). P3 Health Partners is more profitable, with an operating margin of 10.7% against 3.1%.
Where the money goes: PRVA and PIII
Privia Health Group (PRVA) · Q3 2026
Privia Health Group, Q3 2026: revenue $657M (+13% year over year), operating margin 3.1%, net earnings $13.5M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
P3 Health Partners (PIII) · Q2 2026
P3 Health Partners, Q2 2026: revenue $386M (+9% year over year), operating margin 10.7%, net earnings $7.4M, operating cash flow −$61.9M. The chart follows the revenue to costs, profit and cash.
| Privia Health Group (PRVA) | P3 Health Partners (PIII) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $657M | $386M |
| Revenue growth, Y/Y | +13% | +9% |
| Operating margin | 3.1% | 10.7% |
| Net earnings | $13.5M | $7.4M |
| Net margin | 2.1% | 1.9% |
| Operating cash flow | $28.9M | −$61.9M |
| Market value | $3.2B | $815M |
| P/E | 83.9× | — |
| Analysts’ mean target | $31.29 | $18.00 |
Where the revenue comes from
Privia Health Group
- FFS-patient care: $433M (66%)
- Capitated revenue: $99.5M (15%)
- Shared savings: $68.8M (10%)
- FFS-administrative services: $34.7M (5%)
P3 Health Partners
- Capitated revenue: $366M (95%)
- Other patient service revenue: $20.0M (5%)
Questions
Which is bigger, Privia Health Group or P3 Health Partners?
Privia Health Group is the larger company: $657M of revenue in its latest quarter (Q3 2026) against $386M for P3 Health Partners (Q2 2026).
Is Privia Health Group or P3 Health Partners growing faster?
Privia Health Group is growing faster (+13% against +9% a year earlier).
Which is more profitable, Privia Health Group or P3 Health Partners?
P3 Health Partners is more profitable, with an operating margin of 10.7% against 3.1%.
More: Privia Health Group earnings · how Privia Health Group makes money · P3 Health Partners earnings · how P3 Health Partners makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.