# U.S. Physical Therapy (USPH) — Earnings

USPH · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/usph/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.75 |
| EPS estimate | $0.81 |
| EPS surprise | −7.82% |
| Revenue surprise | +1.28% |
| Revenue | $214.1M |
| Revenue estimate | $211.4M |
| Reported | Aug 6, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/885978/000114036126031825/ef20075474_10q.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/3093ab7d-e468-76bf-c3d7-eec78790b6aa.html) |

U.S. Physical Therapy reported Q2 2026 results on August 6, 2026. Earnings per share were $0.75, below the $0.81 estimate by 7.82%. Revenue was $214.1 million, 1.28% above the $211.4 million consensus. Compared with Q2 2025, revenue rose about 8.5% from $197.3 million, while EPS fell about 7.4% from $0.81.

Q2 2026 revenue was the highest in the table. Annual revenue rose from $553.2 million in 2022 to $780.9 million in 2025, about 41% more. EPS has not kept pace. Annual EPS was $2.71 in 2022, $2.56 in 2023, $2.44 in 2024 and $2.62 in 2025. The first half of 2026 totals $1.21, about 6% below the $1.29 of the same period a year earlier. The highest quarterly EPS here is still Q2 2022, at $0.90. The last four quarters all missed the EPS estimate, after beats in Q1 and Q2 2025. Over the full 20 quarters, the record is 11 beats and 9 misses.

U.S. Physical Therapy reported Q3 results between November 2 and November 8 in each of the past five years. That points to early November 2026 for the next report. It will show whether the run of EPS misses continues while revenue keeps growing.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 6, 2026 | $0.81 | $0.75 | -7.82% | $211.4M | $214.1M |
| Q1 2026 | May 6, 2026 | $0.52 | $0.46 | -11.04% | $200.9M | $198.3M |
| Q4 2025 | Feb 26, 2026 | $0.68 | $0.67 | -0.80% | $199.9M | $202.7M |
| Q3 2025 | Nov 6, 2025 | $0.67 | $0.66 | -1.43% | $194.0M | $197.1M |
| Q2 2025 | Aug 7, 2025 | $0.72 | $0.81 | 13.26% | $189.7M | $197.3M |
| Q1 2025 | May 7, 2025 | $0.43 | $0.48 | 11.50% | $177.3M | $183.8M |
| Q4 2024 | Feb 27, 2025 | $0.69 | $0.51 | -25.94% | $174.8M | $180.4M |
| Q3 2024 | Nov 6, 2024 | $0.68 | $0.69 | 0.88% | $164.3M | $168.0M |
| Q2 2024 | Aug 14, 2024 | $0.82 | $0.73 | -10.82% | $163.3M | $167.2M |
| Q1 2024 | May 7, 2024 | $0.56 | $0.51 | -8.57% | $153.3M | $155.7M |
| Q4 2023 | Feb 28, 2024 | $0.57 | $0.59 | 4.22% | $150.2M | $154.8M |
| Q3 2023 | Nov 8, 2023 | $0.62 | $0.62 | 0.57% | $148.9M | $150.0M |
| Q2 2023 | Aug 9, 2023 | $0.75 | $0.76 | 1.60% | $151.1M | $151.5M |
| Q1 2023 | May 5, 2023 | $0.55 | $0.59 | 8.08% | $140.8M | $148.5M |
| Q4 2022 | Feb 23, 2023 | $0.57 | $0.58 | 1.75% | $141.1M | $141.2M |
| Q3 2022 | Nov 2, 2022 | $0.63 | $0.58 | -7.64% | $138.0M | $139.6M |
| Q2 2022 | Aug 4, 2022 | $0.95 | $0.90 | -4.86% | $143.1M | $140.7M |
| Q1 2022 | May 5, 2022 | $0.63 | $0.65 | 3.83% | $128.5M | $131.7M |
| Q4 2021 | Feb 24, 2022 | $0.69 | $0.72 | 4.65% | $128.6M | $129.8M |
| Q3 2021 | Nov 4, 2021 | $0.78 | $0.85 | 9.25% | $124.7M | $125.9M |

## Frequently Asked Questions

### When did U.S. Physical Therapy (USPH) last report earnings?

U.S. Physical Therapy last reported on Aug 6, 2026, covering fiscal Q2 2026.

### Did USPH beat earnings estimates?

No. U.S. Physical Therapy reported EPS of $0.75 for Q2 2026 against a $0.81 estimate — a 7.82% miss.

### How much revenue did USPH report last quarter?

U.S. Physical Therapy reported $214.1M in revenue for Q2 2026, against a consensus estimate of $211.4M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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