---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-25-000041"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T18:43:36.098918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# US Physical Therapy Q2 net income $12.4M; raises FY Adj EBITDA guidance to $93M-$97M

## Summary
- Q2 total revenue from PT ops $168.3M (+17.3%), IIP revenue $29.1M (+22.6%); record patient visits 1.56M (+16.7%).
- Net income attributable to USPH $12.4M ($0.58 EPS) vs $7.5M ($0.47); Adjusted EBITDA $26.9M (+21.4%).
- Quarterly dividend $0.45/share payable Sept 12; new $25M share repurchase program authorized through Dec 2026.
- Acquired 80% of a home-care practice ($2.1M annual revenue) and 60% of a 3-clinic practice ($5.3M annual revenue).

## SEC filing metadata
- accession: 0000885978-25-000041
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597825000041/0000885978-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597825000041/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-25-000041
- JSON: https://secwatch.observer/filing/0000885978-25-000041.json
- Plain text: https://secwatch.observer/filing/0000885978-25-000041.txt

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