U.S. Physical Therapy, Inc. Reports Second Quarter 2026 Financial Results

U.S. Physical Therapy reported second-quarter 2026 revenue of $214 million, up 8.5% year over year. Physical therapy operations generated $182 million in revenue across 1.662 million patient visits, with an adjusted physical therapy gross margin of 19.9%. Management forecast full-year adjusted EBITDA of $102 million to $106 million.