U.S. Physical Therapy posts record visits and 13% revenue growth in Q3 2026
U.S. Physical Therapy reported third‑quarter 2026 revenue of $223 million, a 13% year‑over‑year increase, driven by 1.7 million patient visits, up 8%. The net rate per visit rose to $112, the highest on record, and adjusted EBITDA reached $24 million. The board declared a $0.46 quarterly dividend and reaffirmed full‑year EBITDA guidance of $102 million‑$106 million.
Why it matters
The strong top‑line growth and higher per‑visit rates suggest continued revenue expansion, while the dividend and guidance reaffirmation support cash‑flow expectations for shareholders. Higher self‑insured group health costs may pressure margins going forward, as noted by management.
Key facts
- 1Total net revenue for Q3 2026 was $223 million, a 13% increase over Q3 2025. stocktitan.net
- 2Patient visits in Q3 2026 were 1.7 million, an 8% increase versus the prior year. stocktitan.net
- 3Net rate per visit in the quarter reached $112, an all‑time record for the company. finance.yahoo.com
- 4Adjusted EBITDA for Q3 2026 was $24 million. stocktitan.net
- 5The board declared a quarterly dividend of $0.46 per share payable on December 11, 2026. stocktitan.net
- 6Full‑year EBITDA guidance of $102 million‑$106 million was reaffirmed. finance.yahoo.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.