USPH Q1 revenue $198.3M (+7.9% YoY); GAAP loss $0.12/share, adjusted EBITDA rises to $20.2M

U S PHYSICAL THERAPY INC /NV

2026-Q1 EPS reported -$0.12 vs consensus $0.56 ▼ miss (-121.6%)

Revenue $198.3M, up 7.9% YoY; GAAP net income $5.0M, loss per share $0.12 vs EPS $0.80 prior year.
Adjusted EBITDA $20.2M vs $19.5M; non-GAAP operating results per share $0.46 vs $0.48.
PT revenue $167.7M (+7.2%), visits up 6.9%, net rate $106.49; IIP revenue $30.6M (+11.8%).
Board declares quarterly dividend $0.46, payable June 12 to holders of record May 22.
Reaffirms FY 2026 adjusted EBITDA guidance $102M–$106M; closed $450M credit facility on April 14.

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