---
title: "U.S. Physical Therapy | 8-K: FY2025 Q2 Revenue: USD 197.34 M"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/252024575.md"
published_at: "2025-08-07T11:35:08.000Z"
---

# U.S. Physical Therapy | 8-K: FY2025 Q2 Revenue: USD 197.34 M

Revenue: As of FY2025 Q2, the actual value is USD 197.34 M.

EPS: As of FY2025 Q2, the actual value is USD 0.58, missing the estimate of USD 0.67.

EBIT: As of FY2025 Q2, the actual value is USD 24.94 M.

### Adjusted EBITDA

-   Adjusted EBITDA was $26.9 million for the three months ended June 30, 2025, an increase of $4.7 million, or 21.4%, from $22.1 million for the three months ended June 30, 2024.

### Net Income

-   Net income attributable to USPH’s shareholders was $12.4 million for the 2025 Second Quarter compared to $7.5 million for the 2024 Second Quarter.

### Operating Results

-   Operating Results was $12.4 million for the 2025 Second Quarter compared to $11.0 million for the 2024 Second Quarter, an increase of 11.8%.

### Revenue

-   Total revenue from physical therapy operations for the 2025 Second Quarter increased $24.8 million, or 17.3%, to $168.3 million.
-   Industrial injury prevention services revenue was $29.1 million for the 2025 Second Quarter, an increase of 22.6% compared to the 2024 Second Quarter.

### Gross Profit

-   Gross profit from physical therapy operations for the 2025 Second Quarter was $35.2 million with a gross profit margin of 20.9% compared to $28.8 million with a gross profit margin of 20.1% for the 2024 Second Quarter.
-   Gross profit from IIP operations for the 2025 Second Quarter increased $1.3 million, or 25.8%, to $6.4 million from $5.1 million for the 2024 Second Quarter.

### Operating Costs

-   Operating costs from physical therapy operations increased $18.4 million, or 16.0%, to $133.1 million for the 2025 Second Quarter from $114.7 million for the 2024 Second Quarter.
-   Salaries and related costs per visit was $60.08 for the 2025 Second Quarter compared to $59.66 for the 2024 Second Quarter.
-   Total operating costs per visit was $83.95 compared to $84.46 in the prior year quarter.

### Cash Flow

-   Net cash provided by operating activities was $30.2 million for the six months ended June 30, 2025, compared to $33.4 million for the six months ended June 30, 2024.
-   Net cash used in investing activities was - $19.3 million for the six months ended June 30, 2025, compared to - $48.8 million for the six months ended June 30, 2024.
-   Net cash used in financing activities was - $18.1 million for the six months ended June 30, 2025, compared to - $24.6 million for the six months ended June 30, 2024.

### Outlook / Guidance

-   Management increased its guidance for Adjusted EBITDA for full-year 2025 to a range of $93.0 million to $97.0 million.
-   The annual earnings guidance figures will not be updated unless there is a material development that causes management to believe that Adjusted EBITDA will be significantly outside the given range.

### Related Stocks

- [USPH.US - U.S. Physical Therapy](https://longbridge.com/en/quote/USPH.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
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| U.S. Physical Therapy Acquires Stake in Eight-Clinic Management Company | U.S. Physical Therapy Inc. has acquired a 50% stake in a management services company overseeing eight physical therapy c | [Link](https://longbridge.com/en/news/271837204.md) |
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.