U.s. Physical Therapy ( (USPH) ) has released its Q3 earnings. Here is a breakdown of the information U.s. Physical Therapy presented to its investors.
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U.S. Physical Therapy, Inc. operates a network of outpatient physical therapy clinics and offers industrial injury prevention services across the United States, focusing on orthopedic and sports-related rehabilitation and workplace injury prevention.
In its third-quarter 2025 earnings report, U.S. Physical Therapy, Inc. announced a significant increase in both revenue and net income compared to the same period last year, driven by clinic expansions and growth in its industrial injury prevention services.
The company reported a 17.8% increase in total revenue from physical therapy operations, reaching $168.1 million, and a 30% rise in gross profit to $31.2 million. Net income attributable to shareholders doubled to $13.1 million, with earnings per share increasing to $0.48. The company also added 18 new clinics, bringing its total to 779, and saw a record-high average of 32.2 daily patient visits per clinic.
Additionally, revenue from industrial injury prevention services rose by 14.6% to $29 million, although the gross profit margin slightly decreased. The company also reaffirmed its full-year 2025 Adjusted EBITDA guidance, reflecting confidence in its ongoing expansion and strategic initiatives.
Looking ahead, U.S. Physical Therapy’s management remains optimistic about continued growth, supported by ongoing clinic expansions and strategic acquisitions, while anticipating improvements in Medicare pricing and further enhancements in service offerings.