---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-25-000002"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:55:58.552874+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# USPH Q4 revenue up 14.2% to $180.4M; adjusted EBITDA $21.8M; dividend raised to $0.45

## Summary
- Q4 net revenue $180.4M (PT $153.8M + IIP $26.6M), vs $154.8M prior year; full-year revenue $671.3M.
- Q4 adjusted EBITDA $21.8M (+14.7% YoY); full-year adjusted EBITDA $81.8M (+5.0% YoY).
- Q4 GAAP EPS $0.52 vs ($0.38); non-GAAP operating results $0.51/share vs $0.59.
- Dividend raised to $0.45/share from $0.44; payable Apr 11 to holders of record Mar 14.
- 2025 adjusted EBITDA guidance $88M-$93M; Medicare rate cut to reduce revenue ~$6.5M.

## SEC filing metadata
- accession: 0000885978-25-000002
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597825000002/0000885978-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597825000002/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-25-000002
- JSON: https://secwatch.observer/filing/0000885978-25-000002.json
- Plain text: https://secwatch.observer/filing/0000885978-25-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.