Skip to content
Baker Capital StrategiesMARKETS. FILINGS. PERSPECTIVE.
Powered by THEMA

Baker Capital Strategies

Free Registration

Register for access to news, tools, alerts and reports.

THEMA Basic included at launch.

Use at least 8 characters.

Security

USPH · U S PHYSICAL THERAPY INC /NV

USPHNYSECommon stockCurrentCIK 885978Updated Sep 25, 2026

Company: U S PHYSICAL THERAPY INC /NV →

USPH price & chart

Provider market data

Loading TradingView…

NYSE:USPH on TradingView ↗

TradingView · Data may be delayed

In the news

No coverage from other publishers is available.

Seeking Alpha
SEC disclosures

Financials

FY 2025 · USD
Revenue780,990,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

Net income39,583,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

Operating income86,677,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

Diluted EPS1.42USD per share · FY 2025
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD1,204,010,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

1,167,467,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

997,238,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

858,154,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Property, Plant and Equipment, NetUSD35,651,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

32,140,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

26,102,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

24,748,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

GoodwillUSD692,392,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

667,152,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

509,571,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

494,101,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Intangible Assets, Net (Excluding Goodwill)USD172,861,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

179,311,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

109,682,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

108,755,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD35,570,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

41,362,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

152,825,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

31,594,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Accounts Receivable, after Allowance for Credit Loss, CurrentUSD64,249,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

59,040,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

51,866,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

51,934,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Assets, CurrentUSD139,990,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

137,583,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

233,375,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

111,266,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Operating Lease, Right-of-Use AssetUSD144,197,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

133,936,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

103,431,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

103,004,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Other Assets, NoncurrentUSD6,644,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

5,155,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

2,821,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

4,149,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD433,811,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

408,421,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

345,000,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

373,586,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Stockholders’ equity:
Preferred Stock, Value, IssuedUSD0
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

0
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

0
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

0
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Common Stock, Value, IssuedUSD174,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

172,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

172,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

152,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Additional Paid in CapitalUSD285,522,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

290,321,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

281,096,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

110,317,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Retained Earnings (Accumulated Deficit)USD227,216,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

227,265,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

223,772,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

232,948,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Accumulated Other Comprehensive Income (Loss), Net of TaxUSD714,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

2,799,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

2,782,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

4,004,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Stockholders' Equity Attributable to ParentUSD476,432,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

488,929,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

476,194,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

315,793,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Liabilities and EquityUSD1,204,010,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

1,167,467,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

997,238,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

858,154,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Current liabilities:
Liabilities, CurrentUSD139,040,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

116,283,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

102,185,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

85,489,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Operating Lease, Liability, CurrentUSD42,134,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

39,835,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

35,252,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

33,709,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Operating Lease, Liability, NoncurrentUSD110,572,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

101,868,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

76,653,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

77,934,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Deferred Income Tax Liabilities, NetUSD28,391,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

29,465,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

24,815,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

21,303,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Other Liabilities, NoncurrentUSD3,214,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

18,275,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

2,356,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

13,029,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Stockholders' Equity Attributable to Noncontrolling InterestUSD456,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

1,092,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

1,216,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

1,260,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Additional Financial Items
Accrued Liabilities, CurrentUSD80,982,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

59,513,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

55,344,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

37,413,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Deferred Tax Liabilities, NetUSD28,391,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

29,465,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

24,815,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

21,303,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Long-term Debt, Current MaturitiesUSD9,865,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

10,999,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

7,691,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

7,863,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Long-term Debt, Excluding Current MaturitiesUSD152,594,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

142,530,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

138,991,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

175,831,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD293,311,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

269,025,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

174,828,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

167,515,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD58,005,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

45,600,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

37,220,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

43,407,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and AmortizationUSD22,391,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

18,681,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

15,695,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

14,743,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Share-based Payment Arrangement, Noncash ExpenseUSD8,270,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

7,823,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

7,236,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

7,264,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Changes in operating assets and liabilities:
Increase (Decrease) in Accounts ReceivableUSD11,955,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

5,346,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

5,645,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

10,279,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Deferred Income Tax Expense (Benefit)USD10,599,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

4,874,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

4,648,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

12,416,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD75,058,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

74,940,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

81,978,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

58,537,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash AcquiredUSD15,674,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

133,087,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

26,582,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

59,788,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Investing ActivitiesUSD-36,713,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

-149,450,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

-45,015,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

-81,269,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Payments for (Proceeds from) Other Investing ActivitiesUSD-364,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

-694,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

-321,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Cash flows from financing activities:
Payments for Repurchase of Common StockUSD5,566,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

———
Net Cash Provided by (Used in) Financing ActivitiesUSD-44,137,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

-36,953,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

84,268,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

25,759,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Payments of Ordinary Dividends, Common StockUSD27,362,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

26,540,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

24,128,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

21,321,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Proceeds from (Payments for) Other Financing ActivitiesUSD—0
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

0
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

12,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Repayments of Long-term DebtUSD9,375,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

3,750,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

3,750,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

1,875,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD-5,792,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

-111,463,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

121,231,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

3,027,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD35,570,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

41,362,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

152,825,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

31,594,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD9,431,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

7,209,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

8,655,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

5,687,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Income Taxes Paid, NetUSD14,348,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

4,832,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

4,926,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

7,615,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Additional Financial Items
Share-based Payment Arrangement, ExpenseUSD——7,200,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Amortization of Debt Issuance CostsUSD422,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

422,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

420,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Amortization of Intangible AssetsUSD11,276,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

9,546,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

7,273,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

6,523,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Gain (Loss) on Disposition of BusinessUSD100,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

———
Gain (Loss) on Disposition of Property Plant EquipmentUSD-383,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

-836,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

-166,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

643,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

GoodwillUSD692,392,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

As of 2025-12-31

667,152,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

As of 2024-12-31

509,571,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

As of 2023-12-31

494,101,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

As of 2022-12-31

Goodwill and Intangible Asset ImpairmentUSD0
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

0
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

17,495,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Goodwill, Impairment LossUSD0
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

0
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

15,800,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

9,112,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsUSD1,477,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

1,014,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

955,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

1,175,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD19,808,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

14,609,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

12,156,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

12,164,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Investment Income, InterestUSD105,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

3,941,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

3,774,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Net Income (Loss) Attributable to ParentUSD39,583,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

31,424,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

28,239,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

32,158,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD18,422,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

14,176,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

8,981,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

11,249,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Nonoperating Income (Expense)USD-8,864,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

-3,004,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

-2,685,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

-1,230,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD458,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

357,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

390,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Payments of Financing CostsUSD—0
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

0
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

1,779,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Proceeds from Issuance of Common StockUSD0
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

0
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

163,646,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Proceeds from Issuance of Long-term DebtUSD—0
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

0
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

150,000,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Proceeds from Noncontrolling InterestsUSD0
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

1,890,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

4,136,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

1,580,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Total RevenueUSD780,990,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

671,345,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

604,802,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

553,144,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Selling, General and Administrative ExpenseUSD69,260,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

58,290,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

51,953,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

46,111,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Operating Income (Loss)USD86,677,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

63,213,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

52,061,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

56,801,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD458,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

357,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

390,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD77,813,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

60,209,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

49,376,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

55,571,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD19,808,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

14,609,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

12,156,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

12,164,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD18,422,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

14,176,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

8,981,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

11,249,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD39,583,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

31,424,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

28,239,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

32,158,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Earnings Per Share, BasicUSD per share1.42
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

1.84
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

1.28
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

2.25
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Earnings Per Share, DilutedUSD per share1.42
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

1.84
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

1.28
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

2.25
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Basicshares15,175,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

15,064,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

14,188,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

12,985,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Dilutedshares15,175,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

15,064,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

14,188,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

12,985,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Additional Financial Items
Amortization of Intangible AssetsUSD11,276,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

9,546,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

7,273,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

6,523,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Common Stock, Dividends, Per Share, DeclaredUSD per share1.8
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

1.76
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

1.72
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

1.64
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Costs and ExpensesUSD631,297,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

547,424,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

483,293,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

441,120,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Current Income Tax Expense (Benefit)USD9,209,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

9,735,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

7,508,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

-252,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Depreciation, Depletion and Amortization, NonproductionUSD21,059,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

17,853,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

——
Goodwill, Impairment LossUSD0
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

0
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

15,800,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

9,112,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Gross ProfitUSD149,693,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

123,921,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

121,509,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

112,024,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsUSD1,477,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

1,014,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

955,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

1,175,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Interest and Other IncomeUSD———859,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Investment Income, InterestUSD105,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

3,941,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

3,774,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

—
Labor and Related ExpenseUSD461,890,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

399,394,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

353,390,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

319,191,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Nonoperating Income (Expense)USD-8,864,000
Source

10-K · 2026-02-27 · 0001140361-26-007170

2025-01-01 to 2025-12-31

-3,004,000
Source

10-K · 2025-03-03 · 0001140361-25-006750

2024-01-01 to 2024-12-31

-2,685,000
Source

10-K · 2024-02-29 · 0001140361-24-010454

2023-01-01 to 2023-12-31

-1,230,000
Source

10-K · 2023-02-28 · 0001140361-23-009198

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

Filing attachments

ex99-1.htm · 8-K · 2026-09-21

CONTACT: U.S. Physical Therapy, Inc. Nchacha Etta, Chief Financial Officer email: netta@usph.com Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces the Appointment of New Board Member Myra Davis Houston, TX, September 21, 2026 - U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas: USPH), a national operator of outpatient physical therapy clinics and provider of industrial…

8-K · 2026-09-21 · 0000885978-26-000057

Read attachment ↗
ex99-1.htm · 8-K · 2026-08-14

EX-99.2 3 ex99-1.htm CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: jcurtis@usph.com Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces CFO Houston, TX, August 14, 2026 - U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury preve…

8-K · 2026-08-14 · 0000885978-26-000052

Read attachment ↗
ex99-1.htm · 8-K · 2026-08-12

EX-99.1 2 ex99-1.htm CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: jcurtis@usph.com Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 Disclaimer 2 Forward-Looking Statements This presentation contains forward-looking statements, which involve numerous risks and uncertainties. Included among such statements may be those relating to new clinics, availability of personnel and the …

8-K · 2026-08-12 · 0000885978-26-000048

Read attachment ↗
ex99-1.htm · 8-K · 2026-08-10

EX-99.1 2 ex99-1.htm CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: jcurtis@usph.com Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy August 6, 2026 Earnings Call 10:30 am ET Operator: Good day and thank you for standing by. Welcome to the U.S. Physical Therapy Second Quarter 2026 Earnings Conference Call. At this time, all participants are in a …

8-K · 2026-08-10 · 0000885978-26-000045

Read attachment ↗
ex99-1.htm · 8-K · 2026-08-06

EX-99 2 ex99-1.htm Exhibit 99.1 CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: jcurtis@usph.com Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 USPH Reports Second Quarter 2026 Results, Reaffirms Full Year Guidance Houston, TX, August 5, 2026 - U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas: USPH), a national operator of outpatient physical therapy clinics and pr…

8-K · 2026-08-06 · 0000885978-26-000042

Read attachment ↗
ex99-1.htm · 8-K · 2026-07-06

EX-99.1 2 ex99-1.htm CONTACT: U.S. Physical Therapy, Inc. Jason Curtis, Interim Chief Financial Officer email: jcurtis@usph.com Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 Exhibit 99.1 U.S. Physical Therapy Announces the Acquisition of a Twelve-Clinic Physical Therapy Practice Houston, TX, July 2, 2026 - U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE, NYSE Texas: USPH), a national operator of outpatient physical …

8-K · 2026-07-06 · 0000885978-26-000039

Read attachment ↗