U.S. Physical Therapy Quarterly Income Statement
NYSE: USPHHealth CareMedical/Nursing ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
U.S. Physical Therapy revenue and earnings
In the quarter ended Jun 30, 2026, U.S. Physical Therapy generated $214.1 million in revenue, up 8.5% from the same quarter a year earlier. Net income was $9.9 million (-20.1% year over year), for a net margin of 4.6% versus a median of 5.4% in the prior 5 quarters. Gross margin was 19.6% (down from 21.1%) and operating margin 10.3%.
Diluted earnings per share came in at $0.25, down from $0.58.
Summary generated from market data by MetaCap's automated system. Methodology
U.S. Physical Therapy income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 214.06M | 198.29M | 202.73M | 197.13M | 197.34M | 183.79M | 180.45M | 168.03M | 167.19M | 155.68M | 154.80M | 150.01M |
| Revenue growth (YoY) | +8.47% | +7.89% | +12.35% | +17.32% | +18.04% | +18.06% | +16.57% | +12.02% | +10.37% | +4.83% | +9.65% | +7.45% |
| Gross Profit | 41.94M | 32.75M | 40.13M | 36.87M | 41.62M | 31.07M | 32.53M | 29.13M | 33.86M | 28.40M | 30.52M | 27.93M |
| Operating Expenses | 20.00M | 20.27M | 23.36M | 11.54M | 16.69M | 11.42M | 12.88M | 16.28M | 18.30M | 13.47M | 32.95M | 12.05M |
| Selling, General & Admin | 19.00M | 18.27M | 18.13M | 17.41M | 17.48M | 16.25M | 15.57M | 14.38M | 14.25M | 14.09M | 13.90M | 12.05M |
| Operating Income | 21.95M | 12.48M | 16.77M | 25.33M | 24.94M | 19.64M | 19.65M | 12.85M | 15.57M | 14.93M | -2.43M | 15.88M |
| Other Income (Expense) | -2.89M | -1.92M | -1.81M | -2.46M | -2.29M | -2.31M | -1.33M | -511.00K | -772.00K | -172.00K | 2.54M | -102.00K |
| Pretax Income | 19.05M | 10.56M | 14.96M | 22.88M | 22.65M | 17.33M | 18.32M | 12.34M | 14.79M | 14.76M | 106.00K | 15.78M |
| Income Tax | 4.16M | 2.41M | 5.78M | 5.23M | 4.93M | 3.86M | 5.83M | 2.56M | 3.08M | 3.14M | 1.40M | 3.56M |
| Net Income | 9.90M | 5.04M | 4.15M | 13.14M | 12.39M | 9.90M | 9.24M | 6.63M | 7.51M | 8.05M | 656.00K | 9.25M |
| Net Income growth (YoY) | -20.13% | -49.11% | -55.07% | +98.22% | +65.11% | +23.03% | +1309.15% | -28.38% | -31.26% | +8.58% | -74.84% | -3.17% |
| EPS (Basic) | 0.25 | -0.12 | -0.44 | 0.48 | 0.58 | 0.80 | 0.52 | 0.39 | 0.47 | 0.46 | -0.45 | 0.51 |
| EPS (Diluted) | 0.25 | -0.12 | -0.44 | 0.48 | 0.58 | 0.80 | 0.52 | 0.39 | 0.47 | 0.46 | -0.45 | 0.51 |
| Shares Outstanding (Basic) | 15.07M | 15.17M | — | 15.20M | 15.20M | 15.13M | — | 15.08M | 15.07M | 15.02M | — | 14.99M |
| Shares Outstanding (Diluted) | 15.07M | 15.17M | — | 15.20M | 15.20M | 15.13M | — | 15.08M | 15.07M | 15.02M | — | 14.99M |
| EBITDA | 27.88M | 18.48M | 21.40M | 31.16M | 31.00M | 25.51M | 25.34M | 17.23M | 20.08M | 19.02M | 1.68M | 19.85M |
| Gross Margin | 19.59% | 16.52% | 19.80% | 18.70% | 21.09% | 16.90% | 18.03% | 17.34% | 20.25% | 18.24% | 19.71% | 18.62% |
| Operating Margin | 10.25% | 6.29% | 8.27% | 12.85% | 12.64% | 10.69% | 10.89% | 7.65% | 9.31% | 9.59% | -1.57% | 10.59% |
| Net Margin | 4.62% | 2.54% | 2.05% | 6.66% | 6.28% | 5.39% | 5.12% | 3.94% | 4.49% | 5.17% | 42.00% | 6.17% |
This table shows 12 quarterly periods of U.S. Physical Therapy's income statement, from Q2 2026 back to Q3 2023, across 18 line items including revenue, gross profit, operating expenses. Values in USD; B = billions, M = millions. Fiscal periods follow USPH's reporting calendar. What is a income statement?