---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-006882"
form_type: "8-K"
ticker: "USPH"
cik: "0000885978"
company_name: "U S PHYSICAL THERAPY INC /NV"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:59:11.339368+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# USPH reports FY2025 Adj. EBITDA $95M (+16%); CFO resigns; dividend raised to $0.46

## Summary
- FY2025 net revenue $781M (+16.3% YoY); Adj. EBITDA $95M (+16.2%); GAAP EPS $1.42 vs $1.84 prior.
- Q4 net loss per share $(0.44) due to $10.8M redeemable noncontrolling interest charge and $5.2M contingent consideration loss.
- CFO Carey Hendrickson resigns effective April 24, 2026; Jason Curtis appointed interim CFO.
- Quarterly dividend raised from $0.45 to $0.46 per share; payable April 10, 2026 to record March 13, 2026.
- FY2026 Adj. EBITDA guidance $102M-$106M; recent acquisitions add ~$15M annual revenue.

## SEC filing metadata
- accession: 0001140361-26-006882
- form_type: 8-K
- ticker: USPH
- cik: 0000885978
- company_name: U S PHYSICAL THERAPY INC /NV
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885978/000114036126006882/0001140361-26-006882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885978/000114036126006882/ef20066590_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-006882
- JSON: https://secwatch.observer/filing/0001140361-26-006882.json
- Plain text: https://secwatch.observer/filing/0001140361-26-006882.txt

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