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LifeStance Health Group

LFST

LifeStance Health Group is a leading outpatient mental health platform providing tech-enabled in-person and virtual care across the United States.

Market cap
$4.15B+153%
Revenue$1.5B+16.5%
Net income$23.2M+180%
Free cash flow$142.6M+39.3%
EPS (diluted)$0.06+160%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$414.4M
EPS estimate$0.02

Financials

Q1 2026

Income statement

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Revenue$403.5M+21.2%
Operating income$22.3M+1,289%
Net income$14.2M+1,909%
EPS (diluted)$0.04

Balance sheet

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Cash & equivalents$194.8M+45.0%
Total debt$476.8M-1.1%
Total equity$1.5B+1.4%
Total assets$2.1B+2.0%

Cash flow

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Operating cash flow$33.1M+1,171%
CapEx$10.8M+50.2%
Free cash flow$22.3M+318%

Valuation & ratios

Valuation

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Market cap$4.15B+153%
Enterprise value$4.44B+133%
P/E179.1×
P/S2.8×+1.5×

Profitability

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Operating margin3%+2.4pp
Net margin1.6%+1.0pp
FCF margin9.5%+1.6pp

Returns & leverage

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Return on equity1.6%+1.0pp
Debt / equity0.3×0.0×
Current ratio1.5×0.0×

Competitors

Profile

LifeStance Health Group is a leading outpatient mental health platform providing tech-enabled in-person and virtual care across the United States. The company operates a multidisciplinary model that unifies psychiatric and psychotherapy services through a large network of employed clinicians and supported practices. Its core value proposition centers on expanding access and affordability through extensive in-network insurance relationships and a hybrid delivery model.

Competitive position

One of the nation's largest outpatient mental health platforms by clinician count and geographic scale, operating in over 30 states.

GeographiesUnited States
Customer segmentsPatients, Commercial Insurers, Government Payors
Business modelFee-for-service, Management Services Organization (MSO), Hybrid Care Delivery
SuppliersLicensed Mental Health Clinicians, Medical Equipment Suppliers, Real Estate Providers, Technology and Software Infrastructure
CustomersIndividual Patients, Commercial Health Insurance Companies, Government Healthcare Programs, Employer Groups
Listed2021
Employees6.9K
CEODavid Patrick Bourdon
FilingsSEC EDGAR

Questions, answered.

What is LifeStance Health Group's market cap?
LifeStance Health Group (LFST) has a market capitalization of $4.2B and trades on NASDAQ.
What is LifeStance Health Group's revenue and profitability?
LifeStance Health Group generated $1.5B in trailing twelve-month revenue with net income of $23.2M, representing a net margin of 1.6%, with free cash flow of $142.6M. These figures are based on the Q1 2026 filing.
Who are LifeStance Health Group's competitors?
LifeStance Health Group's key competitors include Teladoc Health, CVS Health, Talkspace, and others. These companies compete in similar markets and product categories.
Who does LifeStance Health Group partner with?
LifeStance Health Group's notable partners include UnitedHealthcare, Elevance Health, Inc., Included Health.
Where is LifeStance Health Group headquartered?
LifeStance Health Group is headquartered in United States of America and employs approximately 6,866 people. It has been publicly traded since 2021.