---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-25-000053"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:07:26.671958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# US Physical Therapy Q3 revenue up 17.8% to $168.1M; EPS $0.48; reaffirms FY2025 guidance

## Summary
- Revenue $168.1M (+17.8% YoY); USPH Net Income $13.1M ($0.48 EPS) vs $6.6M ($0.39 EPS) prior year.
- Adjusted EBITDA $23.9M (+13.2%); reaffirms FY2025 Adjusted EBITDA guidance $93-97M.
- Total patient visits 1,554,207 (+18.0%); net rate per visit $105.54 (flat); record avg daily visits/clinic 32.2.
- Acquired 60% of a 3-clinic practice generating ~$5.3M annual revenue; added 18 clinics net, total 779.
- Board declares $0.45/share dividend payable Dec 12, 2025 (record Nov 17, 2025).

## SEC filing metadata
- accession: 0000885978-25-000053
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/885978/000088597825000053/0000885978-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597825000053/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-25-000053
- JSON: https://secwatch.observer/filing/0000885978-25-000053.json
- Plain text: https://secwatch.observer/filing/0000885978-25-000053.txt

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