Earnings summaries and quarterly performance for U S PHYSICAL THERAPY INC /NV.
Executive leadership at U S PHYSICAL THERAPY INC /NV.
Board of directors at U S PHYSICAL THERAPY INC /NV.
Research analysts who have asked questions during U S PHYSICAL THERAPY INC /NV earnings calls.
Brian Tanquilut
Jefferies
4 questions for USPH
Also covers: ACHC, ADUS, AHCO +31 more
CD
Constantine Davides
Citizens JMP
4 questions for USPH
Also covers: ADUS, AMN, CCRN +9 more
JG
Joanna Gajuk
Bank of America
4 questions for USPH
Also covers: ACHC, ADC, ADUS +22 more
MP
Michael Petusky
Barrington Research
4 questions for USPH
Also covers: ANIK, HAE, HSIC +9 more
LS
Larry Solow
CJS Securities
3 questions for USPH
Also covers: ARCB, BTSG, CDRE +16 more
LS
Lawrence Solow
CJS Securities, Inc.
3 questions for USPH
Also covers: BTSG, CDRE, CLH +13 more
BR
Benjamin Rossi
JPMorgan Chase & Co.
2 questions for USPH
Also covers: AMED, ARDT, AVAH +7 more
JH
Jared Haase
William Blair & Company
2 questions for USPH
Also covers: ADUS, ALHC, BTSG +11 more
J
Joaquin
Bank of America
2 questions for USPH
MP
Mike Petusky
Barrington Research
2 questions for USPH
Also covers: OFIX
JS
Jack Slevin
Jefferies Financial Group Inc.
1 question for USPH
Also covers: AGL, AMN, ASTH +10 more
JH
Jared Haas
William Blair & Company, L.L.C.
1 question for USPH
JS
Jiten Sanghai
Corre Partners Management, LLC
1 question for USPH
RQ
Ryan Quinn
Corre Partners Management, LLC
1 question for USPH
Recent press releases and 8-K filings for USPH.
U.S. Physical Therapy Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance, and Announces Strategic Hospital Alliances
USPH
Earnings
Guidance Update
M&A
- U.S. Physical Therapy (USPH) concluded 2025 with a 16.2% increase in full-year adjusted EBITDA to $95 million and a 16.3% rise in net revenue.
- For Q4 2025, adjusted EBITDA grew $3 million to $24.8 million, while physical therapy net revenues increased 13% to $173.8 million compared to Q4 2024.
- The company achieved record average visits per clinic per day of 32.7 in Q4 2025 and 32.2 for the full year, with the net rate per patient visit increasing 1% to $105.76 for FY 2025 despite Medicare rate reductions.
- USPH projects 2026 adjusted EBITDA to be in the range of $102 million-$106 million, incorporating incremental revenue from a Medicare rate increase and initial contributions from new hospital affiliations.
- Two significant long-term hospital arrangements, phasing in mid-2026, are expected to contribute at least $14 million in enterprise EBITDA in 2027, with USPH's portion exceeding $7 million after minority interest.
2 days ago
U.S. Physical Therapy Reports Strong Q4 and Full-Year 2025 Results, Issues 2026 Guidance
USPH
Earnings
Guidance Update
M&A
- For the full year ending 2025, U.S. Physical Therapy's adjusted EBITDA increased $13.2 million, a 16.2% improvement, and net revenue increased 16.3%.
- In the fourth quarter of 2025, the company achieved its highest fourth-quarter volume per clinic per day at 32.7 visits and saw Physical Therapy revenues of $173.8 million, an increase of 13% from the previous year.
- U.S. Physical Therapy announced two significant, long-term hospital arrangements that will begin to phase in mid-2026 and are expected to contribute at least $14 million in EBITDA in 2027 for the enterprise, with USPH's portion being over $7 million after minority interest.
- For 2026, the company expects adjusted EBITDA to be in the range of $102 million to $106 million, which includes $2.5 million in incremental revenue from the Medicare rate increase and a modest amount from the new hospital affiliations.
- The company continues to pursue de novo and acquisition-related development in both its Physical Therapy and Injury Prevention segments, with a focus on opportunities like the Metro acquisition and strategic hospital alliances.
2 days ago
U.S. Physical Therapy Inc. Reports Strong Q4 and Full Year 2025 Results, Issues 2026 Guidance, and Details Strategic Hospital Alliances
USPH
Earnings
Guidance Update
New Projects/Investments
- U.S. Physical Therapy Inc. (USPH) reported a strong finish to 2025, with adjusted EBITDA increasing $3 million to $24.8 million in Q4 2025 and by 16.1% to $95 million for the full year.
- For the full year 2025, net revenue increased 16.3%, with physical therapy revenue up 16% and injury prevention revenue up 18%.
- The company provided 2026 adjusted EBITDA guidance in the range of $102 million-$106 million.
- Two significant hospital affiliation agreements, phasing in mid-2026, are projected to contribute at least $7.3 million to USPH's adjusted EBITDA when fully implemented by year-end 2026, with an expected enterprise lift of at least $14 million in EBITDA in 2027.
- Strategic initiatives for 2026 include continued rollout of ambient listening documentation support, semi-virtualization of front desk operations, cash-based program expansion, remote therapeutic monitoring, and ongoing de novo and acquisition development.
2 days ago
U.S. Physical Therapy Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance
USPH
Earnings
Guidance Update
M&A
- U.S. Physical Therapy, Inc. reported full-year 2025 Adjusted EBITDA of $95.0 million, a 16.2% increase from $81.8 million in 2024, and total net revenue of $781.0 million, up 16.3% from $671.3 million in 2024.
- For the fourth quarter of 2025, Adjusted EBITDA grew 13.5% to $24.8 million from $21.8 million in the prior year quarter, and net revenue from physical therapy operations increased 13.0% to $173.8 million.
- The company repurchased 81,322 shares for $5.6 million in Q4 2025 and raised its quarterly dividend from $0.45 to $0.46 per share.
- USPH announced two acquisitions and two 10-year strategic hospital alliances in early 2026, with management projecting 2026 Adjusted EBITDA guidance between $102.0 million and $106.0 million.
2 days ago
U.S. Physical Therapy Reports Fourth Quarter and Full Year 2025 Results, Provides 2026 Guidance, and Announces Strategic Alliances
USPH
Earnings
Guidance Update
New Projects/Investments
- U.S. Physical Therapy reported strong financial results for the full year 2025, with Adjusted EBITDA increasing 16.2% to $95.0 million and Net income attributable to USPH shareholders rising to $39.6 million. For the fourth quarter of 2025, Adjusted EBITDA grew 13.5% to $24.8 million, and net revenue from physical therapy operations increased 13.0% to $173.8 million.
- Management expects the company's Adjusted EBITDA for 2026 to be in the range of $102.0 million to $106.0 million.
- The company announced two 10-year strategic hospital alliances expected to begin operations mid-2026, which are projected to contribute an incremental annualized EBITDA of at least $7.3 million to USPH upon full integration.
- The Board of Directors raised the quarterly dividend rate from $0.45 per share to $0.46 per share, effective immediately.
- Carey Hendrickson will resign as Chief Financial Officer on April 24, 2026, with Jason Curtis assuming the role on an interim basis.
3 days ago
U.S. Physical Therapy Announces Strategic Alliance and Business Acquisition
USPH
M&A
New Projects/Investments
- U.S. Physical Therapy, Inc. (USPH) announced a 10-year strategic alliance between its subsidiary partner, Metro Physical & Aquatic Therapy, and NYU Langone Health, which will integrate 60 outpatient physical therapy clinics into NYU Langone’s clinical services network in the New York metropolitan area. This alliance is anticipated to become operational within the next few months.
- USPH also announced the acquisition of an industrial injury prevention business for approximately $15.1 million, in which USPH acquired a 70% interest. This acquired business currently generates about $7.0 million in annual revenues.
- The financial impacts of the strategic alliance will be discussed during USPH's year-end earnings release and conference call, scheduled for February 25 and 26, 2026, respectively.
Feb 4, 2026, 9:08 PM
U.S. Physical Therapy acquires industrial injury prevention business
USPH
M&A
New Projects/Investments
- U.S. Physical Therapy, Inc. (USPH) announced the acquisition of an industrial injury prevention business for approximately $15.1 million.
- USPH acquired a 70% interest in the business, with the current owner retaining 30%.
- The acquired business currently generates approximately $7.0 million in annual revenues.
- This acquisition further expands USPH's offerings in industrial injury prevention service lines.
Feb 2, 2026, 9:01 PM
USPH Subsidiary Forms Strategic Alliance with NYU Langone Health
USPH
New Projects/Investments
- U.S. Physical Therapy, Inc. (USPH) announced a 10-year strategic alliance between its subsidiary, Metro Physical & Aquatic Therapy, and NYU Langone Health.
- As part of this agreement, Metro Physical Therapy's 60 existing outpatient physical therapy clinics will become part of NYU Langone's clinical services network, expanding access in Long Island and the New York metropolitan area.
- The alliance is expected to become operational within the next few months.
- USPH will discuss the financial impacts of this arrangement on its year-end earnings release and conference call, scheduled for February 25 and 26, 2026, respectively.
Feb 2, 2026, 12:30 PM
U.S. Physical Therapy Announces Acquisition of Physical Therapy Management Company
USPH
M&A
New Projects/Investments
- U.S. Physical Therapy, Inc. (USPH) announced the acquisition of a physical therapy management services company on January 5, 2026.
- The acquired company manages a physical therapy practice with eight clinic locations, generating approximately $8.0 million in annual revenues and 66,000 annual visits.
- USPH acquired a 50% interest in the company, with the remaining 50% retained by the current owners.
Jan 7, 2026, 9:05 PM
U.S. Physical Therapy announces acquisition of physical therapy management services company
USPH
M&A
New Projects/Investments
- U.S. Physical Therapy, Inc. (USPH) announced the acquisition of a physical therapy management services company on January 5, 2026.
- The acquired company exclusively manages a physical therapy practice with eight clinic locations.
- This acquisition is projected to generate approximately $8.0 million in annual revenues and 66,000 in annual visits.
- USPH acquired a 50% interest in the company, with the current owners retaining the remaining 50%.
Jan 5, 2026, 12:30 PM
Quarterly earnings call transcripts for U S PHYSICAL THERAPY INC /NV.
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