---
schema_version: "secwatch.filing_event.v1"
accession: "0000885978-26-000019"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T23:05:15.353472+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885978-26-000019
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000088597826000019/0000885978-26-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000088597826000019/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885978-26-000019
- JSON: https://secwatch.observer/filing/0000885978-26-000019.json
- Plain text: https://secwatch.observer/filing/0000885978-26-000019.txt

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