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NASDAQ · SERVICES-HEALTH SERVICES · LARGE CAP

LifeStance Health Group, Inc. LFST

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 13.9% YoY
$9.7M
$110.0M
▲ 28.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Its clinicians offer patients a multidisciplinary suite of mental health services, spanning psychiatric evaluations and treatment, psychological and neuropsychological testing, and individual, family and group therapy. It employed 8,040 licensed mental health clinicians through its subsidiaries and supported practices in 33 states as of December 31, 2025. Its clinicians treated more than 1.0 million unique patients through approximately 9.0 million visits in 2025. It generates revenue on a per-visit basis when a patient receives care from one of its clinicians. For the year ended December 31, 2025, 90% of its revenue was derived from patients with commercial in-network payors, 5% from patients with government payors, 4% from patients on a self-pay basis and 1% from non-patient services. Patients can receive in-person care at one of its 572 centers, both acquired and new centers. As of December 31, 2025, it employed approximately 10,961 employees through its subsidiaries and supported practices, of which 4,549 were directly employed through its subsidiaries and 6,412 were directly employed by its supported practices. On January 28, 2021, LifeStance Health Group, Inc. was incorporated in the state of Delaware.

Written from the business description in LifeStance Health Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.4B
Revenue, FY2025 · full 6-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income 0.0
0.5B1.0B-0.1B-0.3B
201920232025
Compound annual growth
+18.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1.7% · Net 0.7%
2%4%6%-20%-40%
201920222025
ROE
FY2025 · ROE 0.7%
-5%-10%-15%
201920222025
Three returns, three denominators.

Each USD of equity produced 1 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 110.0
50M100M-30M-60M
201920222025

Total assetsUSD 2.2B
EquityUSD 1.5B
CashUSD 248.6M
Gross debtUSD 280.4M
Net debtUSD 31.8M
Current ratio1.65×

Net debt stands at 2% of equity.

The 6-year record

6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
LFST, 6-year financial record
Metric 202520242023202220212019
Revenue $B1.41.31.10.90.70.2
Operating income $B0.0−0.0−0.2−0.2−0.30.0
EBITDA $B0.10.0−0.2−0.2−0.30.0
Income tax $B0.0−0.0−0.0−0.0−0.00.0
Net income $B0.0−0.1−0.2−0.2−0.30.0
Free cash flow $B0.10.1−0.1−0.0−0.10.0
EPS, diluted $◌◌◌◌◌◌
Dividend / sh $◌◌◌◌◌◌
Payout % — not applicable: no dividend——————
ROE %0.7−4.0−12.6−14.1−19.9—
Shares out B0.390.380.380.380.37◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 16 reconciliationsAUDITED

Reconciled in 6 of the 6 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 14 checks were skipped: the share count is not tagged before 2021.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Health Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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