U.S. Physical Therapy Q1 2026: Strong Earnings & Growth

U.S. Physical Therapys Q1 2026 earnings show a robust performance, with total revenue surging 7.9% to $198 million. Patient visits increased by 6.9% to 1.543 million, driving daily visits per clinic to 31.8. Despite weather-related setbacks costing over $31,000 visits, they exceeded budget. Net revenue per visit rose to $106.49. Key initiatives, such as semi-virtual front desks, AI tools for clinicians, and remote monitoring for Medicare patients, are progressing well. Cash-based programs expanded, and hospital deals with NYU and a Gulf Coast group began. They also acquired an eight-clinic therapy practice and a seven million dollar injury prevention business, opening seven new clinics. Demand remained strong despite weather impacts, with clinician turnover under 18%, a company low. Injury prevention revenue grew 11.8%, margins up to 20.4%. Physical therapy margins dipped slightly to 16.1% due to payroll and investments, but commercial rates climbed 3.4%, offsetting small Medicaid dips. They upsized their credit facility to $450 million with better terms, repurchased $14 million in partner equity, and adjusted EBITDA rose to $20.2 million. Q&A confirmed hospital ramps adding millions this year, larger deals in the pipeline, and full Medicare rate hikes coming. Confident in their performance, they reaffirmed full-year adjusted EBITDA guidance at $102-$106 million, with hospital growth accelerating into 2027 and weather woes fading as summer approaches. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/21791f56e3ac85ca