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Side-by-side financial comparison of GoPro, Inc. (GPRO) 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 $201.7M, roughly 1.9× GoPro, Inc.). On growth, P3 Health Partners Inc. posted the faster year-over-year revenue change (3.8% vs 0.4%). Over the past eight quarters, GoPro, Inc.'s revenue compounded faster (13.9% CAGR vs -0.5%).
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
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.
GPRO vs PIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $201.7M | $384.8M |
| Net Profit | — | $-75.5M |
| Gross Margin | 31.8% | — |
| Operating Margin | -4.1% | -40.0% |
| Net Margin | — | -19.6% |
| Revenue YoY | 0.4% | 3.8% |
| Net Profit YoY | — | -28.8% |
| EPS (diluted) | $-0.06 | $-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.
| Q4 25 | $201.7M | $384.8M | ||
| Q3 25 | $162.9M | $345.3M | ||
| Q2 25 | $152.6M | $355.8M | ||
| Q1 25 | $134.3M | $373.2M | ||
| Q4 24 | $200.9M | $370.7M | ||
| Q3 24 | $258.9M | $362.1M | ||
| Q2 24 | $186.2M | $379.2M | ||
| Q1 24 | $155.5M | $388.5M |
| Q4 25 | — | $-75.5M | ||
| Q3 25 | $-21.3M | $-31.6M | ||
| Q2 25 | $-16.4M | $-20.4M | ||
| Q1 25 | $-46.7M | $-20.5M | ||
| Q4 24 | — | $-58.6M | ||
| Q3 24 | $-8.2M | $-46.5M | ||
| Q2 24 | $-47.8M | $-12.0M | ||
| Q1 24 | $-339.1M | $-18.7M |
| Q4 25 | 31.8% | — | ||
| Q3 25 | 35.1% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 32.1% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 35.5% | — | ||
| Q2 24 | 30.5% | — | ||
| Q1 24 | 34.1% | — |
| Q4 25 | -4.1% | -40.0% | ||
| Q3 25 | -9.8% | -12.8% | ||
| Q2 25 | -9.2% | -9.6% | ||
| Q1 25 | -33.7% | -10.2% | ||
| Q4 24 | -19.5% | -37.4% | ||
| Q3 24 | -3.1% | -29.5% | ||
| Q2 24 | -25.0% | -8.3% | ||
| Q1 24 | -26.6% | -11.3% |
| Q4 25 | — | -19.6% | ||
| Q3 25 | -13.0% | -9.1% | ||
| Q2 25 | -10.8% | -5.7% | ||
| Q1 25 | -34.8% | -5.5% | ||
| Q4 24 | — | -15.8% | ||
| Q3 24 | -3.2% | -12.8% | ||
| Q2 24 | -25.7% | -3.2% | ||
| Q1 24 | -218.1% | -4.8% |
| Q4 25 | $-0.06 | $-23.08 | ||
| Q3 25 | $-0.13 | $-9.67 | ||
| Q2 25 | $-0.10 | $-6.23 | ||
| Q1 25 | $-0.30 | $-6.28 | ||
| Q4 24 | $-0.22 | $-23.13 | ||
| Q3 24 | $-0.05 | $-15.70 | ||
| Q2 24 | $-0.31 | $-7.37 | ||
| Q1 24 | $-2.24 | $-7.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.7M | $25.0M |
| Total DebtLower is stronger | $44.3M | $228.4M |
| Stockholders' EquityBook value | $76.5M | $-155.2M |
| Total Assets | $428.0M | $656.6M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $25.0M | ||
| Q3 25 | $152.8M | $37.7M | ||
| Q2 25 | $58.6M | $38.6M | ||
| Q1 25 | $69.6M | $40.1M | ||
| Q4 24 | $102.8M | $38.8M | ||
| Q3 24 | $130.2M | $63.0M | ||
| Q2 24 | $133.0M | $73.1M | ||
| Q1 24 | $133.7M | $27.3M |
| Q4 25 | $44.3M | $228.4M | ||
| Q3 25 | $43.9M | $252.8M | ||
| Q2 25 | — | $182.0M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | $0 | $108.9M | ||
| Q3 24 | $93.1M | $133.2M | ||
| Q2 24 | $92.9M | $133.1M | ||
| Q1 24 | $92.7M | $118.1M |
| Q4 25 | $76.5M | $-155.2M | ||
| Q3 25 | $80.5M | $-18.7M | ||
| Q2 25 | $97.9M | $44.5M | ||
| Q1 25 | $110.0M | $63.3M | ||
| Q4 24 | $151.7M | $75.9M | ||
| Q3 24 | $183.9M | $120.5M | ||
| Q2 24 | $184.7M | $166.8M | ||
| Q1 24 | $224.9M | $146.6M |
| Q4 25 | $428.0M | $656.6M | ||
| Q3 25 | $538.6M | $683.6M | ||
| Q2 25 | $439.0M | $731.6M | ||
| Q1 25 | $462.5M | $783.9M | ||
| Q4 24 | $543.7M | $783.4M | ||
| Q3 24 | $661.6M | $833.3M | ||
| Q2 24 | $556.8M | $892.8M | ||
| Q1 24 | $575.8M | $855.9M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | — | 4.09× | ||
| Q1 25 | — | 2.71× | ||
| Q4 24 | 0.00× | 1.43× | ||
| Q3 24 | 0.51× | 1.11× | ||
| Q2 24 | 0.50× | 0.80× | ||
| Q1 24 | 0.41× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $15.6M | $-25.7M |
| Free Cash FlowOCF − Capex | $15.0M | — |
| FCF MarginFCF / Revenue | 7.4% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-24.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $-25.7M | ||
| Q3 25 | $12.2M | $-15.4M | ||
| Q2 25 | $8.8M | $-16.6M | ||
| Q1 25 | $-57.2M | $-33.5M | ||
| Q4 24 | $-25.1M | $-57.2M | ||
| Q3 24 | $-2.2M | $-22.6M | ||
| Q2 24 | $605.0K | $-10.2M | ||
| Q1 24 | $-98.4M | $-20.0M |
| Q4 25 | $15.0M | — | ||
| Q3 25 | $11.2M | — | ||
| Q2 25 | $8.3M | — | ||
| Q1 25 | $-58.5M | — | ||
| Q4 24 | $-25.5M | — | ||
| Q3 24 | $-4.2M | — | ||
| Q2 24 | $-111.0K | — | ||
| Q1 24 | $-99.4M | — |
| Q4 25 | 7.4% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 5.4% | — | ||
| Q1 25 | -43.5% | — | ||
| Q4 24 | -12.7% | — | ||
| Q3 24 | -1.6% | — | ||
| Q2 24 | -0.1% | — | ||
| Q1 24 | -63.9% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.8% | 0.0% | ||
| Q2 24 | 0.4% | 0.0% | ||
| Q1 24 | 0.6% | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
PIII
| Capitated Revenue | $366.2M | 95% |
| Health Care Patient Service | $18.6M | 5% |
| Health Care Care Coordination Management Fees | $2.7M | 1% |
