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
Cash & Short-Term Investments	24.89	35.57	41.36	152.83	31.59	28.57
Cash Growth	-26.99%	-14.00%	-72.94%	383.71%	10.60%	-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
Total Trade Receivables	98.16	88.34	85.67	69.72	68.61	62.42
Other Current Assets	16.63	16.08	10.56	10.83	11.07	4.18
Total Current Assets	139.68	139.99	137.58	233.38	111.27	95.17
Net Property, Plant & Equipment	196.9	179.85	166.08	129.53	127.75	119.41
Other Intangible Assets	176.55	172.86	179.31	109.68	108.76	86.38
Goodwill	716.54	692.39	667.15	509.57	494.1	434.68
Long-Term Investments	12.71	12.28	12.19	12.26	12.13	12.22
Other Long-Term Assets	6.51	6.64	5.16	2.82	4.15	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	45.42	80.98	59.51	55.34	37.41	45.71
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
Other Current Liabilities	10.13	-	-	-	-	-
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
Other Long-Term Liabilities	33.95	31.61	47.74	27.17	34.33	21.73
Total Long-Term Liabilities	372.31	294.77	292.14	242.82	288.1	213.5
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
Treasury Stock	-56.48	-37.19	-31.63	-31.63	-31.63	-31.63
Additional Paid-in Capital	290.55	285.52	290.32	281.1	110.32	102.69
Accumulated Other Comprehensive Income	1.05	0.71	2.8	2.78	4	-
Retained Earnings	213.36	227.22	227.27	223.77	232.95	224.4
Total Common Shareholders' 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)	-360.9	-279.6	-253.87	-105.76	-263.74	-194.51
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-23.83	-18.43	-16.85	-7.45	-20.31	-15.08
Book Value	448.66	476.43	488.93	476.19	315.79	295.61
Book Value Per Share	29.62	31.40	32.46	33.56	24.32	22.92
Tangible Book Value	-444.43	-388.82	-357.53	-143.06	-287.06	-225.46
Tangible Book Value Per Share	-29.34	-25.62	-23.73	-10.08	-22.11	-17.48

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Aug 6, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

Data Sources Report a data error