Three Months Ended

Nine Months Ended

September 30, 2025

September 30, 2024

September 30, 2025

September 30, 2024

Earnings per Share

(In thousands, except per share data)

Computation of earnings per share - USPH shareholders:

Net income attributable to USPH shareholders

$

13,138

$

6,628

$

35,430

$

22,180

Charges to retained earnings:

Revaluation of redeemable non-controlling interest

(7,918

)

(1,097

)

(9,821

)

(3,158

)

Tax effect at statutory rate (federal and state)

2,023

280

2,509

807

$

7,243

$

5,811

$

28,118

$

19,829

Earnings per share (basic and diluted)

$

0.48

$

0.39

$

1.85

$

1.32

Shares used in computation:

Basic and diluted earnings per share - weighted-average shares

15,204

15,077

15,178

15,055