U.S. Physical Therapy reported third-quarter net revenue of $223 million, a 13% increase year-over-year, driven by an 8% rise in patient visits to 1.7 million and higher revenue per visit. Adjusted EBITDA grew 17% to $28 million, while adjusted EPS rose to $0.80 from $0.66. GAAP net income attributable to shareholders fell to $11 million due to a loss on contingent earn-out consideration and dilution from redeemable non-controlling interests. The Board declared a quarterly dividend of $0.46 per share, payable December 11, 2026, to record holders as of November 16, 2026. The company operates outpatient physical therapy clinics and provides industrial injury prevention services across the United States.
