U.S. Physical Therapy Reports Strong Q2 2025 Results

U.s. Physical Therapy ( (USPH) ) has released its Q2 earnings. Here is a breakdown of the information U.s. Physical Therapy presented to its investors.

U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, has reported its financial results for the second quarter of 2025, showcasing significant growth and strategic advancements. The company has achieved record patient visits and raised its full-year earnings guidance, reflecting strong operational performance.

The second quarter of 2025 saw U.S. Physical Therapy achieve an adjusted EBITDA of $26.9 million, marking a 21.4% increase from the previous year. Net income attributable to shareholders rose to $12.4 million, up from $7.5 million in the same period of 2024. Total revenue from physical therapy operations increased by 17.3% to $168.3 million, driven by a 16.7% increase in patient visits. Additionally, the company expanded its clinic network, adding six new clinics while closing four, bringing the total to 768 clinics.

The company’s industrial injury prevention services also experienced robust growth, with revenue increasing by 22.6% to $29.1 million. Gross profit from these services rose by 25.8%, highlighting the success of both organic growth and strategic acquisitions. U.S. Physical Therapy’s acquisition strategy continued with the purchase of equity interests in home-care therapy and multi-clinic practices, further diversifying its service offerings.

Looking ahead, U.S. Physical Therapy has raised its full-year 2025 adjusted EBITDA guidance to a range of $93.0 million to $97.0 million. The company remains focused on expanding its clinic network and enhancing its service offerings through strategic acquisitions, positioning itself for continued growth in the second half of the year.