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U S Physical Therapy (USPH) Operating Expenses (2016 - 2025)

U S Physical Therapy (USPH) has disclosed Operating Expenses for 16 consecutive years, with $162.6 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 9.92% to $162.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $631.3 million through Dec 2025, up 15.32% year-over-year, with the annual reading at $631.3 million for FY2025, 15.32% up from the prior year.
  • Operating Expenses hit $162.6 million in Q4 2025 for U S Physical Therapy, up from $160.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $162.6 million in Q4 2025 to a low of $86.5 million in Q1 2021.
  • Historically, Operating Expenses has averaged $124.0 million across 5 years, with a median of $120.7 million in 2023.
  • Biggest YoY gain for Operating Expenses was 43.44% in 2021; the steepest drop was 10.88% in 2021.
  • Year by year, Operating Expenses stood at $102.6 million in 2021, then grew by 10.42% to $113.4 million in 2022, then grew by 9.65% to $124.3 million in 2023, then increased by 19.02% to $147.9 million in 2024, then rose by 9.92% to $162.6 million in 2025.
  • Business Quant data shows Operating Expenses for USPH at $162.6 million in Q4 2025, $160.3 million in Q3 2025, and $155.7 million in Q2 2025.