LifeStance Health Group, Inc. LFST

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.