U.S. Physical Therapy, Inc. (USPH)

U.S. Physical Therapy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	35.57	41.36	152.83	31.59	28.57
Cash & Short-Term Investments	35.57	41.36	152.83	31.59	28.57
Cash Growth	-14.00%	-72.94%	383.71%	10.60%	-13.22%
Accounts Receivable	64.25	59.04	51.87	51.93	46.27
Other Receivables	24.09	26.63	17.85	16.67	16.14
Total Trade Receivables	88.34	85.67	69.72	68.61	62.42
Other Current Assets	16.08	10.56	10.83	11.07	4.18
Total Current Assets	139.99	137.58	233.38	111.27	95.17
Net Property, Plant & Equipment	179.85	166.08	129.53	127.75	119.41
Other Intangible Assets	172.86	179.31	109.68	108.76	86.38
Goodwill	692.39	667.15	509.57	494.1	434.68
Long-Term Investments	12.28	12.19	12.26	12.13	12.22
Other Long-Term Assets	6.64	5.16	2.82	4.15	1.58
Total Assets	1,204	1,167	997.24	858.15	749.43
Accounts Payable	6.06	5.94	3.9	6.5	6.47
Accrued Expenses	80.98	59.51	55.34	37.41	45.71
Current Portion of Long-Term Debt	9.87	11	7.69	7.86	0.83
Current Portion of Leases	42.13	39.84	35.25	33.71	30.48
Total Current Liabilities	139.04	116.28	102.19	85.49	83.48
Long-Term Debt	152.59	142.53	138.99	175.83	117.59
Long-Term Leases	110.57	101.87	76.65	77.93	74.19
Other Long-Term Liabilities	31.61	47.74	27.17	34.33	21.73
Total Long-Term Liabilities	294.77	292.14	242.82	288.1	213.5
Total Liabilities	433.81	408.42	345	373.59	296.98
Common Stock	0.17	0.17	0.17	0.15	0.15
Treasury Stock	-37.19	-31.63	-31.63	-31.63	-31.63
Additional Paid-in Capital	285.52	290.32	281.1	110.32	102.69
Accumulated Other Comprehensive Income	0.71	2.8	2.78	4	-
Retained Earnings	227.22	227.27	223.77	232.95	224.4
Total Common Shareholders' Equity	476.43	488.93	476.19	315.79	295.61
Minority Interest	293.77	270.12	176.04	168.78	156.84
Shareholders' Equity	770.2	759.05	652.24	484.57	452.44
Total Liabilities & Equity	1,204	1,167	997.24	858.15	749.43
Total Debt	315.17	295.23	258.59	295.34	223.08
Net Cash (Debt)	-279.6	-253.87	-105.76	-263.74	-194.51
Net Cash Per Share	-18.43	-16.85	-7.45	-20.31	-15.08
Book Value	476.43	488.93	476.19	315.79	295.61
Book Value Per Share	31.40	32.46	33.56	24.32	22.92
Tangible Book Value	-388.82	-357.53	-143.06	-287.06	-225.46
Tangible Book Value Per Share	-25.62	-23.73	-10.08	-22.11	-17.48

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q