Company research
ATI Physical Therapy, Inc.
CIK 1815849Updated Sep 27, 2026
Securities
Historical securities (7)
ATIP · OTC · equity · closed Jul 31, 2025FAII · NYSE · equity · closed Jun 17, 2021ATIPW · OTC · warrant · closed Jun 12, 2023FAII.WS · NYSE · warrant · closed Jun 17, 2021ATIP.WS · NYSE · warrant · closed Jun 8, 2023FAII.UN · NYSE · unit · closed Jun 17, 2021ATIPW · OTC · warrant · closed Jul 21, 2025Name history
Fortress Value Acquisition Corp. II · through Jun 9, 2021
ATIP price & chart
Historical security
This listing closed Jul 31, 2025. Live provider charts are shown only for current listings.
About the company
At ATI Physical Therapy, we are committed to making every life an active life. We provide convenient access to high-quality care to prevent and treat musculoskeletal (MSK) pain. Our 850+ locations in 24 states and virtual practice operate under one of the largest single-branded platforms built to support standardized clinical guidelines and operating processes. With outcomes from more than 3 million unique patient cases, ATI strives to utilize quality standards designed to deliver proven, predictable, and impactful patient outcomes. From preventative services in the workplace and athletic training support to outpatient clinical services and online physical therapy via our online platform, CONNECT™, a complete list of our service offerings can be found at ATIpt.com. ATI is based in Downers Grove, Illinois.
In the news
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Recent filings
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Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 958,116,000Source | 1,003,281,000Source | 1,078,985,000Source | 1,562,694,000Source |
| Property, Plant and Equipment, NetUSD | 81,550,000Source | 100,422,000Source | 123,690,000Source | 139,730,000Source |
| GoodwillUSD | 289,650,000Source | 289,650,000Source | 286,458,000Source | 608,811,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 245,497,000Source | 245,858,000Source | 246,582,000Source | 411,696,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 39,080,000Source | 36,802,000Source | 83,139,000Source | 48,616,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 101,967,000Source | 88,512,000Source | 80,673,000Source | 82,455,000Source |
| Assets, CurrentUSD | 157,876,000Source | 168,638,000Source | 194,133,000Source | 143,578,000Source |
| Operating Lease, Right-of-Use AssetUSD | 178,226,000Source | 194,423,000Source | 226,092,000Source | 256,646,000Source |
| Other Assets, NoncurrentUSD | 5,317,000Source | 4,290,000Source | 2,030,000Source | 2,233,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 883,290,000Source | 878,743,000Source | 890,198,000Source | 1,051,187,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 0Source |
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 20,000Source | 20,000Source |
| Additional Paid in CapitalUSD | 1,291,980,000Source | 1,308,119,000Source | 1,378,696,000Source | 1,351,597,000Source |
| Retained Earnings (Accumulated Deficit)USD | -1,467,605,000Source | -1,409,306,000Source | -1,339,511,000Source | -847,132,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 14,000Source | 406,000Source | 4,899,000Source | 28,000Source |
| Stockholders' Equity Attributable to ParentUSD | -176,337,000Source | -101,000,000Source | 43,958,000Source | 504,418,000Source |
| Liabilities and EquityUSD | 958,116,000Source | 1,003,281,000Source | 1,078,985,000Source | 1,562,694,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 141,164,000Source | 156,447,000Source | 116,521,000Source | 137,330,000Source |
| Operating Lease, Liability, CurrentUSD | 49,668,000Source | 51,530,000Source | 47,676,000Source | 49,433,000Source |
| Accounts Payable, CurrentUSD | 18,196,000Source | 14,704,000Source | 12,559,000Source | 15,146,000Source |
| Operating Lease, Liability, NoncurrentUSD | 167,008,000Source | 185,602,000Source | 218,424,000Source | 250,597,000Source |
| Deferred Income Tax Liabilities, NetUSD | 22,796,000Source | 21,367,000Source | 18,886,000Source | 67,459,000Source |
| Other Liabilities, NoncurrentUSD | 2,630,000Source | 1,696,000Source | 1,834,000Source | 2,301,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,965,000Source | 5,145,000Source | 4,489,000Source | 7,089,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 22,796,000Source | 21,367,000Source | 18,886,000Source | 67,459,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 531,600,000Source | — |
| Long-term Debt, Current MaturitiesUSD | — | — | 0Source | 8,167,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 531,600,000Source | 543,799,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -54,011,000Source | -66,078,000Source | -493,047,000Source | -782,028,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 33,239,000Source | 37,412,000Source | 40,590,000Source | 37,995,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,666,000Source | 8,766,000Source | 7,374,000Source | 5,754,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 29,282,000Source | 18,604,000Source | 12,573,000Source | 10,201,000Source |
| Deferred Income Tax Expense (Benefit)USD | 1,429,000Source | 2,481,000Source | -48,573,000Source | -71,088,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -19,166,000Source | -12,366,000Source | -65,508,000Source | -42,100,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | 4,523,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -14,251,000Source | -17,366,000Source | -28,048,000Source | -39,889,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 14,850,000Source | 17,322,000Source | 28,147,000Source | 40,293,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 507,000Source | 73,000Source | 51,000Source | 128,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 35,695,000Source | -16,605,000Source | 128,079,000Source | -11,523,000Source |
| Repayments of Long-term DebtUSD | — | 0Source | 555,048,000Source | 456,202,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 2,278,000Source | -46,337,000Source | 34,523,000Source | -93,512,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 39,080,000Source | 36,802,000Source | 83,139,000Source | 48,616,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 55,838,000Source | 52,893,000Source | 41,617,000Source | 41,937,000Source |
| Income Taxes Paid, NetUSD | -14,000Source | -45,000Source | 84,000Source | 81,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 1,600,000Source | 1,600,000Source | 1,700,000Source | 2,300,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 3,043,000Source | 2,889,000Source | 2,873,000Source | 3,252,000Source |
| DepreciationUSD | 32,878,000Source | 36,688,000Source | 39,846,000Source | 37,537,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 3,926,000Source | 24,471,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 42,525,000Source | 175,140,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | -335,000Source | -1,743,000Source | — | — |
| Gain (Loss) on Sale of Assets and Asset Impairment ChargesUSD | — | — | -9,000Source | 5,189,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | 0Source | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -444,000Source | -2,809,000Source | -5,534,000Source |
| General and Administrative ExpenseUSD | 81,054,000Source | — | — | — |
| GoodwillUSD | 289,650,000Source | 289,650,000Source | 286,458,000Source | 608,811,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | — | 962,303,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 318,925,000Source | 726,798,000Source |
| Income Tax Expense (Benefit)USD | 1,452,000Source | 2,568,000Source | -48,530,000Source | -70,960,000Source |
| Net Income (Loss) Attributable to ParentUSD | -58,299,000Source | -69,795,000Source | -492,379,000Source | -778,328,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 4,288,000Source | 3,717,000Source | -668,000Source | -3,700,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -84,104,000Source | -131,972,000Source | -510,255,000Source | -778,328,000Source |
| Operating Costs and ExpensesUSD | 649,587,000Source | 602,214,000Source | 574,419,000Source | 533,797,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 2,300,000Source | 2,600,000Source | — |
| Other Nonoperating Income (Expense)USD | -553,000Source | -1,777,000Source | -3,333,000Source | -241,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 500,000,000Source | — |
| Unrealized Gain (Loss) on DerivativesUSD | -392,000Source | -4,493,000Source | 4,871,000Source | -1,935,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 753,064,000Source | 699,016,000Source | 635,671,000Source | 627,871,000Source |
| Selling, General and Administrative ExpenseUSD | 99,726,000Source | 118,728,000Source | 114,724,000Source | 111,809,000Source |
| Operating Income (Loss)USD | 2,277,000Source | -27,517,000Source | -539,734,000Source | -980,038,000Source |
| Other Nonoperating Income (Expense)USD | -553,000Source | -1,777,000Source | -3,333,000Source | -241,000Source |
| Income Tax Expense (Benefit)USD | 1,452,000Source | 2,568,000Source | -48,530,000Source | -70,960,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 4,288,000Source | 3,717,000Source | -668,000Source | -3,700,000Source |
| Net Income (Loss) Attributable to ParentUSD | -58,299,000Source | -69,795,000Source | -492,379,000Source | -778,328,000Source |
| Earnings Per Share, BasicUSD per share | -19.46Source | -31.93Source | -2.51Source | -4.69Source |
| Earnings Per Share, DilutedUSD per share | -19.46Source | -31.93Source | -2.51Source | -4.69Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 4,321,000Source | 4,133,000Source | 203,150,000Source | 165,805,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 4,321,000Source | 4,133,000Source | 203,150,000Source | 165,805,000Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 23,000Source | 87,000Source | 43,000Source | 128,000Source |
| Fair Value, Option, Changes in Fair Value, Gain (Loss)USD | 3,926,000Source | 24,471,000Source | — | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | 42,525,000Source | 175,140,000Source |
| General and Administrative ExpenseUSD | 81,054,000Source | — | — | — |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 318,925,000Source | 726,798,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -58,450,000Source | -61,039,000Source | — | — |
| Labor and Related ExpenseUSD | 413,824,000Source | 382,370,000Source | 357,982,000Source | 336,496,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -84,104,000Source | -131,972,000Source | -510,255,000Source | -778,328,000Source |
| Operating Costs and ExpensesUSD | 649,587,000Source | 602,214,000Source | 574,419,000Source | 533,797,000Source |
| Other Cost and Expense, OperatingUSD | 192,727,000Source | — | — | — |
Filing attachments
ef20044713_ex99-1.htm · 8-K · 2025-03-04
EX-99.1 3 ef20044713_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE ATI Physical Therapy Closes $26 Million Downers Grove, Ill. - March 4, 2025 - ATI Physical Therapy, Inc. (OTCMKTS: ATIP) (“ATI” or the “Company”), a nationally recognized outpatient physical therapy provider in the United States, announced today that on March 3, 2025, it closed a $26 million 8% second lien PIK convertible note financing. "This new financing is a critical step in fortifying our financial found…
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