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Side-by-side financial comparison of EUDA Health Holdings Ltd (EUDA) and U S PHYSICAL THERAPY INC (USPH). Click either name above to swap in a different company.

U S PHYSICAL THERAPY INC is the larger business by last-quarter revenue ($202.7M vs $1.7M, roughly 119.3× EUDA Health Holdings Ltd). U S PHYSICAL THERAPY INC runs the higher net margin — 2.0% vs -142.1%, a 144.2% gap on every dollar of revenue.

EUDA Health Holdings Ltd is a digital health enterprise focused on evidence-based mental wellness solutions. It offers AI-powered mental health assessment tools, therapy matching services, and personalized care programs, primarily serving consumer and corporate clients across the Asia-Pacific region with core segments including mental health screening, employee wellness programs and consumer mental support platforms.

U.S. Physical Therapy Inc. operates hundreds of outpatient physical therapy clinics across the U.S. It offers rehabilitative care for patients recovering from injuries, surgeries, chronic pain and mobility impairments, plus specialized services including sports medicine and pediatric rehabilitation.

EUDA vs USPH — Head-to-Head

Bigger by revenue
USPH
USPH
119.3× larger
USPH
$202.7M
$1.7M
EUDA
Higher net margin
USPH
USPH
144.2% more per $
USPH
2.0%
-142.1%
EUDA

Income Statement — Q1 2023 vs Q4 2025

Metric
EUDA
EUDA
USPH
USPH
Revenue
$1.7M
$202.7M
Net Profit
$-2.4M
$4.2M
Gross Margin
23.8%
19.8%
Operating Margin
-116.4%
8.3%
Net Margin
-142.1%
2.0%
Revenue YoY
12.3%
Net Profit YoY
-973.7%
-55.1%
EPS (diluted)
$-0.12
$-0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EUDA
EUDA
USPH
USPH
Q4 25
$202.7M
Q3 25
$197.1M
Q2 25
$197.3M
Q1 25
$183.8M
Q4 24
$180.4M
Q3 24
$168.0M
Q2 24
$167.2M
Q1 24
$155.7M
Net Profit
EUDA
EUDA
USPH
USPH
Q4 25
$4.2M
Q3 25
$13.1M
Q2 25
$12.4M
Q1 25
$9.9M
Q4 24
$9.2M
Q3 24
$6.6M
Q2 24
$7.5M
Q1 24
$8.0M
Gross Margin
EUDA
EUDA
USPH
USPH
Q4 25
19.8%
Q3 25
18.7%
Q2 25
21.1%
Q1 25
16.9%
Q4 24
18.0%
Q3 24
17.3%
Q2 24
20.3%
Q1 24
18.2%
Operating Margin
EUDA
EUDA
USPH
USPH
Q4 25
8.3%
Q3 25
12.8%
Q2 25
12.6%
Q1 25
10.7%
Q4 24
10.9%
Q3 24
7.6%
Q2 24
9.3%
Q1 24
9.6%
Net Margin
EUDA
EUDA
USPH
USPH
Q4 25
2.0%
Q3 25
6.7%
Q2 25
6.3%
Q1 25
5.4%
Q4 24
5.1%
Q3 24
3.9%
Q2 24
4.5%
Q1 24
5.2%
EPS (diluted)
EUDA
EUDA
USPH
USPH
Q4 25
$-0.44
Q3 25
$0.48
Q2 25
$0.58
Q1 25
$0.80
Q4 24
$0.52
Q3 24
$0.39
Q2 24
$0.47
Q1 24
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EUDA
EUDA
USPH
USPH
Cash + ST InvestmentsLiquidity on hand
$837.3K
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-6.0M
$476.4M
Total Assets
$25.5M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EUDA
EUDA
USPH
USPH
Q4 25
$35.6M
Q3 25
$31.1M
Q2 25
$34.1M
Q1 25
$39.2M
Q4 24
$41.4M
Q3 24
$117.0M
Q2 24
$112.9M
Q1 24
$132.3M
Stockholders' Equity
EUDA
EUDA
USPH
USPH
Q4 25
$476.4M
Q3 25
$503.6M
Q2 25
$500.8M
Q1 25
$497.3M
Q4 24
$488.9M
Q3 24
$482.8M
Q2 24
$484.6M
Q1 24
$479.8M
Total Assets
EUDA
EUDA
USPH
USPH
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.0B
Q2 24
$1.0B
Q1 24
$1.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EUDA
EUDA
USPH
USPH
Operating Cash FlowLast quarter
$-469.9K
$24.9M
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
6.00×
TTM Free Cash FlowTrailing 4 quarters
$61.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EUDA
EUDA
USPH
USPH
Q4 25
$24.9M
Q3 25
$19.9M
Q2 25
$34.9M
Q1 25
$-4.7M
Q4 24
$19.4M
Q3 24
$22.1M
Q2 24
$29.0M
Q1 24
$4.4M
Free Cash Flow
EUDA
EUDA
USPH
USPH
Q4 25
$21.0M
Q3 25
$15.6M
Q2 25
$31.6M
Q1 25
$-7.3M
Q4 24
$16.9M
Q3 24
$19.6M
Q2 24
$26.7M
Q1 24
$2.6M
FCF Margin
EUDA
EUDA
USPH
USPH
Q4 25
10.4%
Q3 25
7.9%
Q2 25
16.0%
Q1 25
-3.9%
Q4 24
9.4%
Q3 24
11.7%
Q2 24
15.9%
Q1 24
1.7%
Capex Intensity
EUDA
EUDA
USPH
USPH
Q4 25
1.9%
Q3 25
2.2%
Q2 25
1.6%
Q1 25
1.4%
Q4 24
1.4%
Q3 24
1.5%
Q2 24
1.4%
Q1 24
1.2%
Cash Conversion
EUDA
EUDA
USPH
USPH
Q4 25
6.00×
Q3 25
1.52×
Q2 25
2.81×
Q1 25
-0.47×
Q4 24
2.10×
Q3 24
3.34×
Q2 24
3.86×
Q1 24
0.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EUDA
EUDA

Segment breakdown not available.

USPH
USPH

Net Patient Revenues$169.7M84%
Industrial Injury Prevention Services Revenues$28.9M14%
Management Contract Revenues$2.3M1%

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