What is US Physical Therapy's total revenue?

US Physical Therapy (USPH) reported total revenue of $198.29M in Q1 2026.

How has US Physical Therapy's total revenue changed year-over-year?

US Physical Therapy's total revenue increased by 7.9% year-over-year, from $183.79M to $198.29M.

What is the long-term trend for US Physical Therapy's total revenue?

Over 4 years (2021 to 2025), US Physical Therapy's total revenue has grown at a 12.1% compound annual growth rate (CAGR), from $495.02M to $780.99M.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

US Physical Therapy USPH Total Revenue

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Segments

By segment

See full

Physical Therapy Operations$167.68M+7.2%

Industrial Injury Prevention Services Revenues$30.61M+11.8%

By product

See full

Net Patient Revenues$164.33M+7.7%

Other Revenues Including Management Contract Revenues And Industrial Injury Prevention Services Revenues$33.96M+8.7%

Other financials

Income statement

See full

Gross profit$32.8M+5.4%

Operating income$12.5M-36.5%

Net income$5.0M-49.1%

EPS (diluted)-$0.12-115%

Balance sheet

See full

Cash & equivalents$28.4M-27.4%

Total debt$169.4M+12.6%

Total equity$469.0M-5.7%

Total assets$1.2B+5.3%

Cash flow

See full

Operating cash flow$3.8M+181%

CapEx$5.4M+108%

Free cash flow-$1.6M+78.4%

Valuation

See full

Market cap$1.01B-10.7%

Enterprise value$1.15B-7.4%

P/E29×-4.9×

P/S1.3×-0.3×

Profitability

See full

Gross margin19%+0.9pp

Operating margin10%+0.3pp

Net margin4.4%-0.4pp

FCF margin8.4%+0.4pp

Returns & leverage

See full

Return on equity7.2%+0.4pp

Debt / equity0.4×+0.1×

Current ratio1.2×0.0×

Where this comes from

Reported directly by US Physical Therapy in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: US Physical Therapy’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is US Physical Therapy's total revenue?: US Physical Therapy (USPH) reported total revenue of $198.29M in Q1 2026.
How has US Physical Therapy's total revenue changed year-over-year?: US Physical Therapy's total revenue increased by 7.9% year-over-year, from $183.79M to $198.29M.
What is the long-term trend for US Physical Therapy's total revenue?: Over 4 years (2021 to 2025), US Physical Therapy's total revenue has grown at a 12.1% compound annual growth rate (CAGR), from $495.02M to $780.99M.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.