---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-25-000010"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T10:14:23.605323+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# USPH Q1 net income $9.9M ($0.80 EPS); revenue up 16.4% to $183.8M

## Summary
- Net income $9.9M ($0.80 EPS) vs $8.0M ($0.46) in Q1 2024.
- PT ops revenue $156.4M (+16.4%); IIP revenue $27.4M (+28.8%).
- Adjusted EBITDA $19.5M, up 16.5% from $16.8M.
- Record Q1 patient visits 1,443,805; net rate $105.66/visit (+$2.29).
- Declared $0.45 quarterly dividend; added 14 clinics, closed 7.

## SEC filing metadata
- accession: 0000885978-25-000010
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597825000010/0000885978-25-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597825000010/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-25-000010
- JSON: https://secwatch.observer/filing/0000885978-25-000010.json
- Plain text: https://secwatch.observer/filing/0000885978-25-000010.txt

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