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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Net revenue $ 780,990 $ 671,345 $ 604,802
Operating cost:      
Salaries and related costs 461,890 399,394 353,390
Rent, supplies, contract labor and other 140,431 118,910 108,596
Depreciation and amortization 21,059 17,853 14,960
Provision for credit losses 7,647 6,912 6,172
Clinic closure costs - lease and other 270 4,355 175
Total operating cost 631,297 547,424 483,293
Gross profit 149,693 123,921 121,509
Corporate office costs 69,260 58,290 51,953
(Gain) loss on change in fair value of contingent earn-out consideration (6,244) 219 1,550
Impairment of goodwill and other intangible assets 0 0 17,495
Impairment on assets held for sale 0 2,418 0
Operating income 86,677 62,994 50,511
Other (expense) income      
Interest expense, debt and other (9,459) (8,015) (9,303)
Interest income from investments 105 3,941 3,774
Change in revaluation of put-right liability (1,322) (82) 2,582
Equity in earnings of unconsolidated affiliate 1,477 1,014 955
Loss on sale of a partnership (123) 0 0
Relief funds 0 0 467
Other 458 357 390
Total other expense (8,864) (2,785) (1,135)
Income before taxes 77,813 60,209 49,376
Provision for income taxes 19,808 14,609 12,156
Net income 58,005 45,600 37,220
Less: Net income attributable to non-controlling interest:      
Redeemable non-controlling interest - temporary equity (13,849) (10,044) (4,426)
Non-controlling interest - permanent equity (4,573) (4,132) (4,555)
Net income attributable to non-controlling interest (18,422) (14,176) (8,981)
Net income attributable to USPH shareholders $ 39,583 $ 31,424 $ 28,239
Basic earnings per share attributable to USPH shareholders (in dollars per share) $ 1.42 $ 1.84 $ 1.28
Diluted earnings per share attributable to USPH shareholders (in dollars per share) $ 1.42 $ 1.84 $ 1.28
Basic earnings per share - weighted-average shares (in shares) 15,175 15,064 14,188
Shares used in computation - diluted (in shares) 15,175 15,064 14,188
Dividends declared per common share (in dollars per share) $ 1.8 $ 1.76 $ 1.72
Net Patient Revenue [Member]      
Revenues:      
Net revenue $ 650,429 $ 560,553 $ 514,556
Other Revenue [Member]      
Revenues:      
Net revenue $ 130,561 $ 110,792 $ 90,246