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Side-by-side financial comparison of EUDA Health Holdings Ltd (EUDA) and P3 Health Partners Inc. (PIII). Click either name above to swap in a different company.

P3 Health Partners Inc. is the larger business by last-quarter revenue ($384.8M vs $1.7M, roughly 226.5× EUDA Health Holdings Ltd). P3 Health Partners Inc. runs the higher net margin — -19.6% vs -142.1%, a 122.5% gap on every dollar of revenue.

EUDA Health Holdings Ltd is a digital health enterprise focused on evidence-based mental wellness solutions. It offers AI-powered mental health assessment tools, therapy matching services, and personalized care programs, primarily serving consumer and corporate clients across the Asia-Pacific region with core segments including mental health screening, employee wellness programs and consumer mental support platforms.

P3 Health Partners Inc. is a population health management and value-based care services firm operating primarily in the United States. It partners with primary care providers and health systems to deliver coordinated, high-quality care for patient populations, especially Medicare Advantage beneficiaries, focusing on improving health outcomes and lowering unnecessary healthcare costs.

EUDA vs PIII — Head-to-Head

Bigger by revenue
PIII
PIII
226.5× larger
PIII
$384.8M
$1.7M
EUDA
Higher net margin
PIII
PIII
122.5% more per $
PIII
-19.6%
-142.1%
EUDA

Income Statement — Q1 2023 vs Q4 2025

Metric
EUDA
EUDA
PIII
PIII
Revenue
$1.7M
$384.8M
Net Profit
$-2.4M
$-75.5M
Gross Margin
23.8%
Operating Margin
-116.4%
-40.0%
Net Margin
-142.1%
-19.6%
Revenue YoY
3.8%
Net Profit YoY
-973.7%
-28.8%
EPS (diluted)
$-0.12
$-23.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EUDA
EUDA
PIII
PIII
Q4 25
$384.8M
Q3 25
$345.3M
Q2 25
$355.8M
Q1 25
$373.2M
Q4 24
$370.7M
Q3 24
$362.1M
Q2 24
$379.2M
Q1 24
$388.5M
Net Profit
EUDA
EUDA
PIII
PIII
Q4 25
$-75.5M
Q3 25
$-31.6M
Q2 25
$-20.4M
Q1 25
$-20.5M
Q4 24
$-58.6M
Q3 24
$-46.5M
Q2 24
$-12.0M
Q1 24
$-18.7M
Operating Margin
EUDA
EUDA
PIII
PIII
Q4 25
-40.0%
Q3 25
-12.8%
Q2 25
-9.6%
Q1 25
-10.2%
Q4 24
-37.4%
Q3 24
-29.5%
Q2 24
-8.3%
Q1 24
-11.3%
Net Margin
EUDA
EUDA
PIII
PIII
Q4 25
-19.6%
Q3 25
-9.1%
Q2 25
-5.7%
Q1 25
-5.5%
Q4 24
-15.8%
Q3 24
-12.8%
Q2 24
-3.2%
Q1 24
-4.8%
EPS (diluted)
EUDA
EUDA
PIII
PIII
Q4 25
$-23.08
Q3 25
$-9.67
Q2 25
$-6.23
Q1 25
$-6.28
Q4 24
$-23.13
Q3 24
$-15.70
Q2 24
$-7.37
Q1 24
$-7.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EUDA
EUDA
PIII
PIII
Cash + ST InvestmentsLiquidity on hand
$837.3K
$25.0M
Total DebtLower is stronger
$228.4M
Stockholders' EquityBook value
$-6.0M
$-155.2M
Total Assets
$25.5M
$656.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EUDA
EUDA
PIII
PIII
Q4 25
$25.0M
Q3 25
$37.7M
Q2 25
$38.6M
Q1 25
$40.1M
Q4 24
$38.8M
Q3 24
$63.0M
Q2 24
$73.1M
Q1 24
$27.3M
Total Debt
EUDA
EUDA
PIII
PIII
Q4 25
$228.4M
Q3 25
$252.8M
Q2 25
$182.0M
Q1 25
$171.1M
Q4 24
$108.9M
Q3 24
$133.2M
Q2 24
$133.1M
Q1 24
$118.1M
Stockholders' Equity
EUDA
EUDA
PIII
PIII
Q4 25
$-155.2M
Q3 25
$-18.7M
Q2 25
$44.5M
Q1 25
$63.3M
Q4 24
$75.9M
Q3 24
$120.5M
Q2 24
$166.8M
Q1 24
$146.6M
Total Assets
EUDA
EUDA
PIII
PIII
Q4 25
$656.6M
Q3 25
$683.6M
Q2 25
$731.6M
Q1 25
$783.9M
Q4 24
$783.4M
Q3 24
$833.3M
Q2 24
$892.8M
Q1 24
$855.9M
Debt / Equity
EUDA
EUDA
PIII
PIII
Q4 25
Q3 25
Q2 25
4.09×
Q1 25
2.71×
Q4 24
1.43×
Q3 24
1.11×
Q2 24
0.80×
Q1 24
0.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EUDA
EUDA
PIII
PIII
Operating Cash FlowLast quarter
$-469.9K
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EUDA
EUDA
PIII
PIII
Q4 25
$-25.7M
Q3 25
$-15.4M
Q2 25
$-16.6M
Q1 25
$-33.5M
Q4 24
$-57.2M
Q3 24
$-22.6M
Q2 24
$-10.2M
Q1 24
$-20.0M
Capex Intensity
EUDA
EUDA
PIII
PIII
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EUDA
EUDA

Segment breakdown not available.

PIII
PIII

Capitated Revenue$366.2M95%
Health Care Patient Service$18.6M5%
Health Care Care Coordination Management Fees$2.7M1%

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