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

U.S. Physical Therapy Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	24.89	35.57	41.36	152.83	31.59	28.57
Trading Asset Securities	1.38	0.74	1.75	2.66	2.86	-
Cash & Short-Term Investments	26.26	36.31	43.11	155.49	34.45	28.57
Cash Growth	-25.82%	-15.77%	-72.27%	351.32%	20.60%	-13.22%
Accounts Receivable	69.6	64.25	59.04	51.87	51.93	46.27
Other Receivables	28.56	24.09	26.63	17.85	16.67	16.14
Receivables	98.16	88.34	85.67	69.72	68.61	62.42
Other Current Assets	15.25	15.34	8.8	8.17	8.21	4.18
Total Current Assets	139.68	139.99	137.58	233.38	111.27	95.17
Property, Plant & Equipment	196.9	179.85	166.08	129.53	127.75	119.41
Long-Term Investments	12.71	12.45	14.2	13.33	14.65	12.22
Goodwill	716.54	692.39	667.15	509.57	494.1	434.68
Other Intangible Assets	176.55	172.86	179.31	109.68	108.76	86.38
Other Long-Term Assets	6.51	6.47	3.15	1.75	1.63	1.58
Total Assets	1,249	1,204	1,167	997.24	858.15	749.43

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	6.92	6.06	5.94	3.9	6.5	6.47
Accrued Expenses	44.31	47.65	42.74	32.98	28.46	32.09
Current Portion of Long-Term Debt	4.56	9.87	11	7.69	7.86	0.83
Current Portion of Leases	42.87	42.13	39.84	35.25	33.71	30.48
Current Income Taxes Payable	-	0.99	4.54	1.01	-	2.72
Other Current Liabilities	10.49	32.34	12.23	21.36	8.96	10.9
Total Current Liabilities	109.91	139.04	116.28	102.19	85.49	83.48
Long-Term Debt	215.46	152.59	142.53	138.99	175.83	117.59
Long-Term Leases	122.9	110.57	101.87	76.65	77.93	74.19
Long-Term Deferred Tax Liabilities	31	28.39	29.47	24.82	21.3	14.39
Other Long-Term Liabilities	2.95	3.21	18.28	2.36	13.03	7.35
Total Liabilities	482.22	433.81	408.42	345	373.59	296.98

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.18	0.17	0.17	0.17	0.15	0.15
Additional Paid-In Capital	290.55	285.52	290.32	281.1	110.32	102.69
Retained Earnings	213.36	227.22	227.27	223.77	232.95	224.4
Treasury Stock	-56.48	-37.19	-31.63	-31.63	-31.63	-31.63
Comprehensive Income & Other	1.05	0.71	2.8	2.78	4	-
Total Common Equity	448.66	476.43	488.93	476.19	315.79	295.61
Minority Interest	318	293.77	270.12	176.04	168.78	156.84
Shareholders' Equity	766.66	770.2	759.05	652.24	484.57	452.44
Total Liabilities & Equity	1,249	1,204	1,167	997.24	858.15	749.43

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	385.79	315.17	295.23	258.59	295.34	223.08
Net Cash (Debt)	-359.53	-278.85	-252.12	-103.1	-260.89	-194.51
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-23.73	-18.38	-16.74	-7.27	-20.09	-15.08
Filing Date Shares Outstanding	14.92	15.12	15.19	15.07	13.03	12.95
Total Common Shares Outstanding	14.92	15.12	15.09	14.99	13	12.91
Working Capital	29.77	0.95	21.3	131.19	25.78	11.69
Book Value Per Share	30.06	31.50	32.39	31.77	24.29	22.89
Tangible Book Value	-444.43	-388.82	-357.53	-143.06	-287.06	-225.46
Tangible Book Value Per Share	-29.78	-25.71	-23.69	-9.55	-22.08	-17.46
Machinery	74.13	67.89	68.13	63.98	62.07	58.74
Leasehold Improvements	60.4	58.99	51.11	46.94	42.88	39.19

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

Data Sources Report a data error