U.s. Physical Therapy (USPH)
NYSE:USPH
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.85Last Year’s EPS
0.81Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated solid top-line growth, strengthening visit trends, and strategic progress (IIP margin expansion, hospital affiliations starting, expanded credit facility and targeted technology/ cash-program rollouts). Near-term pressures—weather-related lost visits, higher operating and corporate costs, elevated tax rate, and GAAP per-share impacts from revaluations—temporarily weighed on margins and net income. Management affirmed full-year adjusted EBITDA guidance, highlighted recoveries as seasonality normalizes and hospital ramps accelerate, and presented confidence in execution of strategic initiatives.Company Guidance
Revenue Growth and Visits Expansion
Total revenue of $198.0M, up 7.9% year-over-year; total patient visits 1.543M, up 6.9% YoY; daily visits per clinic increased to 31.8 from 31.2.
Physical Therapy Performance
Physical therapy revenue $168.0M, up 7.2% YoY; mature (same-store) revenue increased 2.5%, continuing sequential recovery.
Net Patient Revenue per Visit and Payer Mix Benefits
Net patient revenue per visit $106.49 versus $105.66 prior year (increase of ~$0.83); commercial revenue per visit up 3.4% and commercial payers represent nearly 50% of payer mix; early benefit from expected 1.75% Medicare rate increase beginning to flow.
Industrial Injury Prevention (IIP) Momentum
IIP revenue $31.0M, up 11.8% YoY (8.2% ex-acquisition); IIP margin improved to 20.4% from 18.6% (up 180 bps).
Adjusted EBITDA and Guidance Reaffirmation
Adjusted EBITDA of $20.2M in Q1 (increase of $0.7M vs Q1 2025); company reaffirmed full-year 2026 adjusted EBITDA guidance of $102M–$106M and stated Q1 finished on budget.
Strategic M&A and Partner Investments
Completed two significant transactions: 50% interest in an eight-clinic PT practice (~$8M revenue, 60k visits) and 70% interest in an IIP business (~$7M revenue); repurchased noncontrolling interests (~$14M) to reinforce partnerships.
Stronger Financial Flexibility
Closed a five-year $450M credit facility (upsized and improved pricing vs prior facility) providing increased capital capacity to fund growth and return capital.
Operational & Product Initiatives Underway
Rolling out semi-virtual front desk, AI-assisted ambient documentation, expanded cash-based programs (laser, shockwave, dry needling) across top partners, and hospital affiliations (NYU onboarding begun); Workday ERP implementation underway targeting end of 2027.
Improved Workforce Retention
Turnover reduced to below 18%, the lowest level measured by the company, improving staffing stability into busier seasons.
USPH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
USPH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $73.11 | $58.57 | -19.89% |
Feb 25, 2026 | $80.60 | $78.29 | -2.86% |
Nov 05, 2025 | $86.34 | $76.06 | -11.91% |
Aug 07, 2025 | $81.69 | $85.52 | +4.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does U.s. Physical Therapy (USPH) report earnings?
U.s. Physical Therapy (USPH) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is U.s. Physical Therapy (USPH) earnings time?
U.s. Physical Therapy (USPH) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is USPH EPS forecast?
USPH EPS forecast for the fiscal quarter 2026 (Q2) is 0.85.