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+0.35%
Close of 9 Nov 2026, in USD
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About US Physical Therapy
From its filings with the US Securities and Exchange Commission
US Physical Therapy is based in Houston, Texas and is incorporated in Nevada. Its shares trade on NYSE under the ticker USPH. The SEC classifies its business as health services. In the fiscal year to 31 December 2025, it reported revenue of $781.0m and net income of $39.6m. At that date it held total assets of $1.20bn and shareholders' equity of $476.4m. By business, Net patient revenues (patient revenues less estimated contractual adjustments) are reported at the estimated net realizable amounts from third-party payors, patients and others for services rendered. brought in 83.3% of revenue, followed by Other revenues includes management contract revenues, industrial injury prevention services revenues and services provided on-site, such as schools and industrial worksites, for physical or occupational therapy services, and athletic trainers and gym membership fees. Contract terms and rates are agreed to in advance between the Company and the third parties. Services are typically performed over the contract period and revenue is recorded in accordance with the contract terms. If the services are paid in advance, revenue is deferred over the period of the agreement and recognized when the services are performed. at 16.7% and Management contract revenues are derived from contractual arrangements whereby the Company manages a clinic for third party owners. Revenues are determined based on the number of visits conducted at the clinic and recognized when services are performed. at 1.2%.
On April 30, 2025, the Company acquired an outpatient home care practice that provides speech and occupational therapy through its 50% owned subsidiary MSO Metro LLC.
On April 30, 2024, one of our primary IIP businesses, Briotix Health Limited Partnership, acquired 100% of an IIP business.
On October 31, 2023, we concurrently acquired 100% of an IIP business and a 55% equity interest in an ergonomics software business (“October 2023 Acquisition”).
We repurchased 81,322 of our own shares of common stock for total consideration of $5.6 million on the open market in the three months ended December 31, 2025.
The table that follows presents historical information regarding the number of clinics operated by the Company during the periods indicated.
Partnerships we created in connection with an acquisition, our partner also has the right to cause us to purchase their interest upon termination of their employment, generally after a set holding period.
Call Right is calculated at a predetermined multiple of earnings performance as detailed in the respective agreements.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Providers & Services
- Listed since
- 29 May 1992
- Employees
- 7,294
- Website
- usph.com ↗
- Head office
- 1300 WEST SAM HOUSTON PARKWAY SOUTH, HOUSTON, TX, 77043
- Incorporated in
- NV
- Classification
- Services-Health Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Christopher ReadingChairman of the Board, Chief Executive Officer, since 2003$3.6m
- Mr. Eric WilliamsPresident, Chief Operating Officer$2.3m
- Mr. Carey HendricksonChief Financial Officer$1.6m
- Mr. Michael MayrsohnChief Executive Officer of Metro, Director, since 2024
- Mr. Richard BinsteinExecutive Vice President, General Counsel, Secretary$1.5m
- Mr. Graham ReeveChief Operating Officer - West$1.8m
- Dr. Bernard HarrisLead Independent Director$256,965
- Ms. Kathleen GilmartinIndependent Director$235,090
- Ms. Nancy HamIndependent Director$215,090
- Ms. Anne MotsenbockerIndependent Director$215,090
- Mr. Reginald SwansonIndependent Director$225,090
- Mr. Clayton TrierIndependent Director$245,090
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 70
- Environment
- 80
- Social
- 45
- Governance
- 84
- Women in the workforce
- 68%
- Carbon reduction policy
- No
- Human rights policy
- No
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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