US Physical Therapy Inc Q3 revenue rises 13%
USPH•US Physical Therapy's Q3 revenue rose 13% year over year, and adjusted EPS of $0.80 beat the $0.76 analyst estimate. The company reaffirmed its 2026 adjusted EBITDA guidance of $102 million to $106 million.
1. Quarterly results
US Physical Therapy reported Q3 adjusted EPS of $0.80, above the $0.76 analyst estimate, while adjusted EBITDA was $28 million. The company reported a Q3 loss per share of $1.04.
2. Growth drivers and outlook
Integration of 72 clinics under hospital affiliation agreements contributed to revenue growth and EBITDA improvement. Patient visits rose 8%, and net revenue per patient visit increased $5 year over year. The company expects hospital affiliation revenue to rise as referral volumes and clinic count increase, and said expense-control efforts are expected to benefit future periods.
