USPH U S PHYSICAL THERAPY INC /NV

FY2025 10-K
Filed: Feb 27, 2026
Health Care
Services-Health ServicesSEC EDGAR

U S PHYSICAL THERAPY INC /NV (USPH) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: outpatient physical therapy clinics and industrial injury prevention services
  • Emphasis on AI integration with focus on operational support and risk management of emerging technologies
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Management Discussion & Analysis

  • Total net revenue $781.0M, up 16.3% YoY (+$109.6M); physical therapy operations revenue $666.6M, up 16.0% YoY (+$92.2M)
  • Operating margin increased to 11.1% in 2025 from 9.4% in 2024; gross profit margin 19.2% vs 18.5% YoY
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Risk Factors

  • Regulatory risk from cybersecurity laws with Compliance Committee oversight and Diligent Cyber Risk Certification for Board members
  • Operational risk from evolving cybersecurity threats managed by CISO with 25+ years of experience, using external consultants for remediation
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