LifeStance Health Group, Inc. (LFST)
LifeStance Health Group, Inc. specializes in delivering outpatient mental healthcare services through its subsidiary network. The company offers a comprehensive array of mental health solutions, encompassing psychiatric evaluations and treatment, specialized psychological and neuropsychological testing, and diverse therapeutic modalities including individual, family, and group therapy sessions. The organization addresses a wide spectrum of mental health conditions, ranging from common issues like anxiety and depression to more complex challenges such as bipolar disorder, eating disorders, psychotic disorders, and post-traumatic stress disorder. Patients have access to care through various channels: virtually via its online platform or in-person at its many centers located throughout 32 states. LifeStance is dedicated to supporting individuals across all age groups, providing care for children, adolescents, adults, and the elderly. LifeStance Health Group, Inc. was founded in 2017 and its main offices are situated in Scottsdale, Arizona.
Sector: Services-Health Services
Industry: Medical - Care Facilities
LifeStance Health Group, Inc.
NASDAQ:LFSTHealthcare · Medical - Care Facilities
+2.53%$13.77
CLOSED · Nov 6Prev close$13.43+2.53%Close$13.77+1.45%AH close$13.97
AH$13.97+1.45%vs close
Mkt Cap$5.24B
Float218.5M
O/S380.19M
VOL4.93M sh
$ Vol$68.04M
RVOL1.36×
Inst Own92.2%
SI6.3%
Dilution
Financials Summary
Revenue$1.42B
Net Income$9.66M
Total Assets$2.2B
Free Cash Flow$110.03M
Debt & Equity
Debt 11%
Equity 89%
Total Debt$194.1M
Total Equity$1.52B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in LFST's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.2B
Liabilities$682.92M
Accounts Receivable$95.71M
Accounts Payable$6.12M
Inventory$0
PP&E (Net)$311.3M
Goodwill$1.29B
Intangible Assets$177.66M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $1.42B | $1.25B | $1.06B | $859.54M | $667.51M | $377.22M | $212.52M |
| YoY Growth | 13.9% | 18.5% | 22.8% | 28.8% | 77.0% | 77.5% | - |
| Cost of Revenue | $963.19M | $848.57M | $753.57M | $622.52M | $466M | $242.9M | $150.12M |
| Gross Profit | $461.1M | $402.4M | $302.1M | $237.02M | $201.51M | $134.32M | $62.4M |
| Gross Margin | 32.4% | 32.2% | 28.6% | 27.6% | 30.2% | 35.6% | 29.4% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $382.2M | $363.06M | $410.79M | $377.99M | $433.73M | $87.84M | $41.06M |
| Other | $54.75M | $70.95M | $80.44M | $69.2M | $54.14M | $31.05M | $6.09M |
| Total Operating Expenses | $436.95M | $434.01M | $491.23M | $447.19M | $487.86M | $118.88M | $47.16M |
| Operating Income (EBIT) | $24.15M | -$31.61M | -$189.13M | -$210.17M | -$286.35M | $15.44M | $15.24M |
| Operating Margin | 1.7% | -2.5% | -17.9% | -24.5% | -42.9% | 4.1% | 7.2% |
| Interest Expense | $11.66M | $26.54M | $21.22M | $19.93M | $38.91M | $22.13M | $5.41M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $22.13M | $0 |
| Other Income (Expense) | -$11.79M | -$26M | -$17.45M | -$22.56M | -$46.75M | -$59.85M | -$7.37M |
| Income Before Tax (EBT) | $12.36M | -$57.61M | -$206.58M | -$232.73M | -$333.11M | -$44.41M | $7.88M |
| Income Tax Expense | $2.7M | -$170K | -$20.32M | -$17.17M | -$25.91M | -$6.34M | $2.21M |
| Net Income | $9.66M | -$57.44M | -$186.26M | -$215.56M | -$307.2M | -$38.07M | $5.67M |
| Net Income Margin | 0.7% | -4.6% | -17.6% | -25.1% | -46.0% | -10.1% | 2.7% |
| Supplementary Data | |||||||
| EPS | 0.03 | -0.15 | -0.51 | -0.61 | -1.05 | -0.83 | -0.16 |
| Diluted EPS | 0.02 | -0.15 | -0.51 | -0.61 | -1.05 | -0.83 | -0.16 |
| Weighted Average OS | 386.02M | 379.15M | 367.46M | 355.28M | 327.52M | 373.65M | 373.65M |
| EBITDA | $78.78M | $39.87M | -$104.93M | -$143.6M | -$240.06M | $8.77M | $19.38M |
| EBITDA Margin | 5.5% | 3.2% | -9.9% | -16.7% | -36.0% | 2.3% | 9.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $248.64M | $154.57M | $78.82M | $108.62M | $148.03M | $18.83M | $3.48M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $248.64M | $154.57M | $78.82M | $108.62M | $148.03M | $18.83M | $3.48M |
| Accounts Receivable | $95.71M | $132.03M | $125.64M | $101.51M | $99.31M | $43.71M | $19.13M |
| Inventory | $0 | $0 | $0 | $0 | $38.07M | $0 | $0 |
| Other Current Assets | $71.85M | $14.9M | $10.73M | $11M | -$25.72M | $7.81M | $0 |
| Total Current Assets | $416.2M | $312.51M | $225.73M | $233.22M | $266.52M | $76.28M | $27.43M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $311.3M | $313.92M | $358.93M | $393.62M | $152.24M | $59.35M | $22.43M |
| Goodwill | $1.29B | $1.29B | $1.29B | $1.27B | $1.2B | $1.1B | $214.61M |
| Intangible Assets | $177.66M | $190.8M | $221.07M | $263.29M | $300.36M | $332.8M | $14.95M |
| Long-Term Investments | $0 | $0 | $0 | $0 | -$42.56M | -$10.85M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $42.56M | $10.85M | $0 |
| Other Long-Term Assets | $5.42M | $7.72M | $10.89M | $10.79M | $3.45M | $2.65M | $1.36M |
| Total Long-Term Assets | $1.79B | $1.81B | $1.88B | $1.94B | $1.66B | $1.49B | $253.35M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.2B | $2.12B | $2.11B | $2.17B | $1.93B | $1.57B | $280.78M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $6.12M | $7.24M | $23.21M | $24.37M | $14.15M | $7.69M | $8.3M |
| Short-Term Debt | $45.54M | $7.25M | $2.92M | $2.35M | $1.32M | $3.74M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $446K | $191K |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $76.06M | $0 | $0 |
| Other Current Liabilities | $200.3M | $18.98M | $8.93M | $16.47M | -$50.83M | $19.25M | $23.17M |
| Total Current Liabilities | $251.96M | $228.89M | $202.87M | $176M | $116.75M | $75.92M | $55.01M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $148.55M | $279.79M | $280.29M | $225.08M | $157.42M | $362.53M | $79.31M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $35M | $0 |
| Long-Term Deferred Tax Liabilities | $16.41M | $14.33M | $15.57M | $38.7M | $54.28M | $81.23M | $863K |
| Other Long-Term Liabilities | $266M | $309K | $952K | $2.78M | $53.63M | $17.21M | $311.95M |
| Total Long-Term Liabilities | $430.96M | $443.13M | $478.17M | $479.15M | $265.33M | $495.97M | $392.13M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $682.92M | $672.01M | $681.04M | $655.15M | $382.08M | $571.89M | $447.13M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $35M | $0 |
| Common Stock | $3.88M | $3.83M | $3.79M | $3.76M | $3.74M | $1.01B | $3K |
| Retained Earnings | -$808.63M | -$818.29M | -$760.85M | -$572.64M | -$357.07M | -$13.13M | -$166.36M |
| Comprehensive Income & Other | $0 | $929K | $2.3M | $3.27M | $0 | -$35M | $0 |
| Other Stockholders' Equity | $2.33B | $2.26B | $2.19B | $2.09B | $1.9B | $1.45M | $0 |
| Total Equity | $1.52B | $1.45B | $1.43B | $1.52B | $1.55B | $997.84M | -$166.35M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.2B | $2.12B | $2.11B | $2.17B | $1.93B | $1.57B | $280.78M |
| Supplementary Data | |||||||
| Total Debt | $194.1M | $485.19M | $511.04M | $478.83M | $158.74M | $366.27M | $79.31M |
| Net Debt | -$54.55M | $330.62M | $432.22M | $370.21M | $10.71M | $347.44M | $75.83M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $9.66M | -$57.44M | -$186.26M | -$215.56M | -$307.2M | -$38.07M | $5.67M |
| Depreciation & Amortization | $54.75M | $70.95M | $80.44M | $69.2M | $54.14M | $31.05M | $6.09M |
| Deferred Income Tax | $2.42M | -$958K | -$21.92M | -$16.73M | -$26.95M | $0 | $1.76M |
| Stock-Based Compensation | $74.7M | $76.17M | $99.39M | $187.43M | $259.44M | $1.45M | $54K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $36.09M | -$6.4M | -$24.18M | -$21.66M | -$24.21M | -$13.3M | -$5.76M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$1.56M | $501K | -$5.61M | $7.67M | $623K | $829K | $2.54M |
| Other Working Capital | -$74.87M | -$21.47M | -$3.94M | -$2.94M | $25.73M | $11.72M | $6.22M |
| Total Working Capital Change | -$40.34M | -$27.37M | -$33.72M | -$16.94M | $2.14M | -$753K | $2.99M |
| Other Non-Cash Items | $44.96M | $45.91M | $45.2M | $45.4M | $27.85M | -$2.21M | $478K |
| Net Cash from Operating | $146.15M | $107.26M | -$16.88M | $52.79M | $9.42M | -$8.53M | $17.05M |
| Investing Activities | |||||||
| Capital Expenditures | -$36.13M | -$21.57M | -$40.52M | -$79.25M | -$94.49M | -$38.07M | -$14.31M |
| Acquisitions | $0 | $0 | -$19.82M | -$60.21M | -$99.58M | -$823.1M | -$59.06M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$36.13M | -$21.57M | -$60.34M | -$139.46M | -$194.08M | -$861.17M | -$73.38M |
| Financing Activities | |||||||
| Debt Repaid | $7.25M | $1.69M | -$55.28M | -$69.56M | $221.41M | -$291.41M | -$55.45M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $549.9M | $21M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$904K | $0 | -$1M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$8.71M | -$8.26M | -$7.86M | -$21.39M | -$12.28M | $600.87M | -$6.99M |
| Net Cash from Financing | -$15.96M | -$9.95M | $47.43M | $47.26M | $313.86M | $912.27M | $48.46M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | -$27.22M | $0 |
| Net Change in Cash | $94.07M | $75.75M | -$29.8M | -$39.41M | $129.2M | $15.35M | -$7.86M |
| Supplementary Data | |||||||
| Operating Cash Flow | $146.15M | $107.26M | -$16.88M | $52.79M | $9.42M | -$8.53M | $17.05M |
| Capital Expenditure | -$36.13M | -$21.57M | -$40.52M | -$79.25M | -$94.49M | -$38.07M | -$14.31M |
| Free Cash Flow | $110.03M | $85.69M | -$57.4M | -$26.47M | -$85.07M | -$46.6M | $2.73M |
| Cash at Beginning | $154.57M | $78.82M | $108.62M | $148.03M | $18.83M | $3.48M | $11.35M |
| Cash at End | $248.64M | $154.57M | $78.82M | $108.62M | $148.03M | $18.83M | $3.48M |