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Sep 30, 2023
ATI Q3 2023 Earnings Report
ATI Physical Therapy's Q3 2023 results reflected continued growth in visits, rate per visit, revenue, and adjusted EBITDA.
Key Takeaways
ATI Physical Therapy reported a net revenue of $177.5 million for Q3 2023, a 13.2% increase year-over-year. The company saw growth in key performance metrics, including a 5% quarter-over-quarter increase in clinician headcount and higher rates per visit. Adjusted EBITDA was $9.4 million, compared to $(0.4) million in the third quarter of 2022.
Net revenue increased by 13.2% year-over-year to $177.5 million.
Clinician headcount increased by 5% quarter-over-quarter.
Rate per visit increased by 6.2% year-over-year to $109.90.
Adjusted EBITDA improved to $9.4 million from $(0.4) million in the same quarter last year.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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