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US Physical Therapy USPH Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Revenue by Business
Industrial Injury Prevention Services Revenues$117.63M+2.8%$114.4M+2.1%$112.09M+3.4%$108.39M+5.2%$103.04M+6.3%
Physical Therapy Operations$677.86M+1.7%$666.59M+3.1%$646.62M+4.1%$621.22M+4.2%$596.42M+3.8%
Gross Profit by Business
Industrial Injury Prevention Services Revenues$23.28M+5.2%$22.13M+2.4%$21.62M+2.6%$21.07M+6.6%$19.76M+4.0%
Physical Therapy Operations$128.1M+0.4%$127.56M+5.9%$120.47M+6.4%$113.28M+6.0%$106.83M+1.8%
Depreciation And Amortization Of Segments by Business
Industrial Injury Prevention Services Revenues$2.8M+2.2%$2.73M-4.6%$2.87M+1.0%$2.84M-0.2%$2.85M+34.0%
Physical Therapy Operations$18.38M+0.3%$18.33M-5.7%$19.44M+7.2%$18.13M+8.7%$16.68M+5.9%
Rent Supplies Contract Labor And Other by Business
Industrial Injury Prevention Services Revenues$16.86M+4.1%$16.19M+1.6%$15.94M+2.4%$15.56M+5.3%$14.77M+6.6%
Physical Therapy Operations$128.18M+3.2%$124.24M+4.4%$118.95M+5.3%$112.97M+2.7%$109.97M+4.8%
Other Assets by Business
Industrial Injury Prevention Services Revenues$323.6M0.0%$323.61M-2.5%$332.07M
Physical Therapy Operations$1.72B+1.2%$1.7B+1.2%$1.68B
Labor And Related Expense by Business
Industrial Injury Prevention Services Revenues$74.58M+1.8%$73.26M+2.3%$71.59M+3.9%$68.89M+4.9%$65.65M+6.0%
Physical Therapy Operations$395.55M+1.8%$388.63M+2.4%$379.56M+3.9%$365.48M+4.0%$351.27M+4.1%
Goodwill by Business
Industrial Injury Prevention Services Revenues$366.58M+4.3%$351.52M0.0%$351.67M
Physical Therapy Operations$2.41B+1.1%$2.38B+1.1%$2.36B
Provision For Doubtful Accounts by Business
Industrial Injury Prevention Services Revenues$117K+36.0%$86K+19.4%$72K+140%$30K+100%$15K+87.5%
Physical Therapy Operations$7.69M+1.7%$7.56M-1.7%$7.69M+4.2%$7.38M+3.7%$7.12M+3.1%
Revenue by Product
Net Patient Revenues$662.21M+1.8%$650.43M+3.1%$630.82M+4.1%$605.94M+4.1%$582.03M+3.8%
Other Revenues Including Management Contract Revenues And Industrial Injury Prevention Services Revenues$133.28M+2.1%$130.56M+2.1%$127.9M+3.4%$123.68M+5.3%$117.43M+6.0%

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Questions, answered.

How does US Physical Therapy break its business down?
US Physical Therapy (USPH) reports revenue by business across 2 parts — Industrial Injury Prevention Services Revenues and Physical Therapy Operations. Each is extracted from the segment footnotes and tracked over time.
Where does US Physical Therapy's segment data come from?
Segment breakdowns are pulled from the segment footnotes in US Physical Therapy's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.