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Companies / Health Care / LifeStance Health Group, Inc.
LFST

LifeStance Health Group, Inc.

Health CareHealth Services
Ticker LFSTSCOTTSDALE, AZFiscal year ends DecemberBook value per share $3.82Diluted shares 391.2M

LifeStance Health Group, Inc. (Nasdaq: LFST) provides outpatient mental healthcare through a technology-enabled model combining in-person and virtual visits. Its clinicians deliver psychiatric evaluations and treatment, psychological and neuropsychological testing, and individual, family and group therapy for… From the company’s description.

Over the twelve months to Sep 30, 2026, LifeStance Health Group, Inc. reported revenue of $1.68B, up 22.6% from a year earlier, and net income of $71.91M. Its operating margin was 6.2%, and operations generated $227.60M in cash. In fiscal 2025, it reported revenue of $1.42B, up 13.9% from fiscal 2024, and net income of $9.66M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.42BFY2025
+13.9% year over year
Last 12 mo $1.68B
1.70%FY2025
+4.2 percentage points
Last 12 mo 6.21%
$9.66MFY2025
+116.8% year over year
Last 12 mo $71.91M
0.64%FY2025
+4.6 percentage points
Last 12 mo 4.82%
Cash & financing
$146.15MFY2025
+36.3% year over year
Last 12 mo $227.60M
$110.03MFY2025
+28.4% year over year
Last 12 mo $179.27M
0.17FY2025
Was 0.19× a year earlier
Last 12 mo 0.17
391.1MFY2025
+3.2% year over year
Last 12 mo 391.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What LifeStance Health Group, Inc. does

In the company’s own words

LifeStance Health Group, Inc. (Nasdaq: LFST) provides outpatient mental healthcare through a technology-enabled model combining in-person and virtual visits. Its clinicians deliver psychiatric evaluations and treatment, psychological and neuropsychological testing, and individual, family and group therapy for children, adolescents, adults and older patients. Patients include people with a range of conditions, such as anxiety, depression, bipolar disorder and post-traumatic stress disorder; many access care through commercial or government insurance, while others pay directly. The company also works with payors, primary care providers and specialist groups to support referrals and coordinate care. It generates revenue mainly from patient visits and management fees for supported practices. Where state laws restrict corporate ownership of medical practices, those practices employ clinicians and LifeStance provides administrative services under management contracts. As of December 31, 2025, the company employed 8,040 clinicians across 33 states and operated 572 centers. In 2025, its clinicians provided approximately 9.0 million visits. Its website is www.lifestance.com.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
SCOTTSDALE, AZ
Fiscal year end
December
CIK
1845257
SIC
8000

Financial performance, year by year

Fiscal 2021–2025 · USD
$-505.61M$89.62M$684.85M$1.28B$1.88B20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns LifeStance Health Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

273
funds hold it
0 of 35
superinvestors hold it
$1.31B
held by funds, at market
37.5%
of shares held by funds

Largest fund holders · LifeStance Health Group, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.13%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VIP Contrafund Portfolio
Variable Insurance Products Fund II
0.21%of fund net assets
Fidelity Small Cap Value Fund
FCPVX · Fidelity Securities Fund
—of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do LifeStance Health Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of LifeStance Health Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in LifeStance Health Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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