Quarterly ResultMay 6, 2026, 04:38 PM
U.S. Physical Therapy Q1 Revenue $198.3M; EPS $(0.12); Dividend $0.46
AI Summary
U.S. Physical Therapy reported record first-quarter 2026 revenue of $198.3 million, a 7.9% increase year-over-year. However, net income attributable to shareholders decreased to $5.0 million, resulting in a loss per share of $0.12, primarily due to a loss on contingent earn-out consideration and dilutive effects of redeemable noncontrolling interests. The company reaffirmed its full-year 2026 Adjusted EBITDA guidance of $102.0 million to $106.0 million and declared a quarterly dividend of $0.46 per share.
Key Highlights
- Total net revenue for Q1 2026 increased 7.9% to $198.3 million from $183.8 million in Q1 2025.
- Net income attributable to USPH shareholders was $5.0 million, down from $9.9 million in Q1 2025.
- Loss per share was $0.12 for Q1 2026, compared to earnings per share of $0.80 in Q1 2025.
- Adjusted EBITDA increased to $20.2 million in Q1 2026 from $19.5 million in Q1 2025.
- The Board declared a quarterly dividend of $0.46 per share, payable June 12, 2026.
- Physical therapy net revenue rose 7.2% to $167.7 million; IIP revenue increased 11.8% to $30.6 million.
- Company reaffirmed full-year 2026 Adjusted EBITDA guidance of $102.0 million to $106.0 million.
- Closed on an expanded $450.0 million, five-year credit facility on April 14, 2026.