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U.S. Physical Therapy (USPH)

U.S. Physical Therapy (USPH)
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U.S. Physical Therapy, Inc. is the largest publicly-traded, pure-play operator of outpatient physical and occupational therapy clinics. The clinics provide pre- and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, rehabilitation of injured workers and preventative care. USPh also manages several physical therapy facilities for third parties, including physician groups. Each of USPh's clinics are directed by a licensed physical therapist that drive patient volume via local physicians, former patients and other referral sources. Marketing representatives are used to further augment sales. Historically, USPh has grown its business through de novo development; approximately two-thirds of USPh clinics were originally start-ups. Strategic acquisitions, which accelerate the Company's growth, are structured like the de novo partnerships, with significant ownership retained by founders.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Sales 197,130 197,340 183,790 180,450 168,030
Sales Growth -0.11% +7.37% +1.85% +7.39% +0.50%
Net Income 13,140 7,590 9,900 9,870 6,630
Net Income Growth +73.12% -23.33% +0.30% +48.87% -3.63%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Total Assets 1,196,270 1,179,600 1,179,690 1,167,470 1,029,190
Total Assets Growth +1.41% -0.01% +1.05% +13.44% +0.59%
Total Liabilities 691,490 677,310 680,730 677,450 545,080
Total Liabilities Growth +2.09% -0.50% +0.48% +24.28% +1.41%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Operating Cash Flow 50,130 30,190 -4,680 74,940 55,530
Operating Cash Flow Growth +66.05% +745.09% -106.25% +34.95% +66.21%
Net Cash Flow -10,260 -7,280 -2,180 -111,460 -35,870
Change in Net Cash Flow -40.93% -233.95% +98.04% -210.73% +10.12%
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