The earnings call reflected a largely positive sentiment, with significant revenue growth, record operational metrics, and improved guidance. However, challenges remain with Medicare rate reductions and staffing issues in some markets.

Company Guidance -

Q3 2025

During the U.S. Physical Therapy Second Quarter 2025 Earnings Call, the company increased its full-year adjusted EBITDA guidance to a range of $93 million to $97 million, reflecting strong performance and growth. The company achieved a record average of 32.7 visits per clinic per day, up from 30.6 in the previous year, and reported a Net Promoter Score of 93.5, indicating high patient satisfaction. Revenues in physical therapy increased by 17.3%, and industrial injury prevention revenues grew by 22.6%. Despite a slight increase in salaries and related costs by 0.7%, the overall operating cost per visit decreased. The company added over 50 net clinics year-over-year and exceeded 3 million visits in the first half of the year. Gross profit margins improved to 21.1%, and adjusted EBITDA for the quarter was $26.9 million, up from $22.2 million last year. The company also announced a share repurchase program of up to $25 million through 2026.

Record Visits Per Clinic

Achieved a company record of 32.7 average visits per clinic per day, the highest in company history.

Strong Revenue Growth

Physical therapy revenues increased by 17.3% to $168.3 million compared to the same period last year.

Injury Prevention Revenue Surge

Injury prevention net revenues increased by 22.6% compared to the second quarter of 2024.

Net Promoter Score Achievement

Achieved a Net Promoter Score of 93.5, significantly higher than the excellent benchmark of 50 for healthcare companies.

Positive Adjusted EBITDA Growth

Adjusted EBITDA increased to $26.9 million, up $4.7 million from the second quarter of last year.

Increased Guidance

Raised full-year 2025 adjusted EBITDA guidance to a range of $93 million to $97 million.

US Physical Therapy (USPH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

USPH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.66 / -	0.69	―	―	―
Aug 07, 2025	2025 (Q2)	0.71 / 0.81	0.73	10.96% (+0.08)	―
May 07, 2025	2025 (Q1)	0.43 / 0.48	0.51	-5.88% (-0.03)	―
Feb 26, 2025	2024 (Q4)	0.69 / 0.51	0.59	-13.56% (-0.08)	―
Nov 05, 2024	2024 (Q3)	0.68 / 0.69	0.62	11.29% (+0.07)	―
Aug 13, 2024	2024 (Q2)	0.82 / 0.73	0.76	-3.95% (-0.03)	―
May 07, 2024	2024 (Q1)	0.56 / 0.51	0.59	-13.56% (-0.08)	―
Feb 28, 2024	2023 (Q4)	0.57 / 0.59	0.58	1.72% (+0.01)	―
Nov 07, 2023	2023 (Q3)	0.62 / 0.62	0.58	6.90% (+0.04)	―
Aug 08, 2023	2023 (Q2)	0.75 / 0.76	0.9	-15.56% (-0.14)	―

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
Aug 07, 2025	$83.75	$87.68	+4.69%
May 07, 2025	$70.54	$70.49	-0.07%
Feb 26, 2025	$86.69	$81.45	-6.04%
Nov 05, 2024	$81.16	$95.49	+17.66%

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 Nov 11, 2025, Before Open (Confirmed).

What is U.s. Physical Therapy (USPH) earnings time?

U.s. Physical Therapy (USPH) earnings time is at Nov 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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 2025 (Q3) is 0.66.

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