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LifeStance Health Group, Inc.

LFST NASDAQ Categories PDF
Healthcare · Medical - Care Facilities · United States · Updated May 11, 1:49pm
$7.64
Price
$3.0B
Market Cap
7,535
Employees
1.20
Beta
David Patrick Bourdon
CEO
Business Description

LifeStance Health Group, Inc., through its subsidiaries, provides outpatient mental health services. The company offers patients a suite of mental health services, including psychiatric evaluations and treatment, psychological, and neuropsychological testing, as well as individual, family, and group therapy. It treats a range of mental health conditions, including anxiety, depression, bipolar disorder, eating disorders, psychotic disorders, and post-traumatic stress disorder. In addition, the company operates outpatient mental health platform as well as offers patients care virtually through its online delivery platform or in-person at its centers in 32 states. It serves children, adolescents, adults, and geriatrics. LifeStance Health Group, Inc. was founded in 2017 and is based in Scottsdale, Arizona.

Business History
Price Overview
Last updated: May 11, 2026 1:49pm (just now)
$7.64
-0.06 (-0.78%)
Day Range
$7.63 – $7.83
52-Week Range
$3.74 – $8.89
50-Day MA
$6.84
200-Day MA
$6.20
Volume
3,449,386.00
Analyst Price Targets
Low $8.00
Consensus $9.70
High $11.00
(8 analysts)
Share Structure
Outstanding 387,834,000.00
Float 183,454,790.00
Free Float 47.3%
Moderate free float — 47.3% of shares trade freely, ~52.7% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
127.46
Stock Price: $7.64
EPS (Diluted): 0.03
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.79
Stock Price: $7.64
Total Equity: $1.52B
Shares: 391,136,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
29.89
Market Cap: $2.96B
Total Debt: $194.10M
Cash: $248.64M
EBITDA: $78.78M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$2.7B
Market Cap: $2.96B
Total Debt: $194.10M
Cash: $248.64M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
28.5%
Gross Profit: $406.35M
Revenue: $1.42B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
1.8%
Operating Income: $25.71M
Revenue: $1.42B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
0.7%
Net Income: $9.66M
Revenue: $1.42B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
1.6%
Net Income: $9.66M
Total Equity: $1.52B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
1.6%
Operating Income: $25.71M
Tax Rate: 21.8%
Equity: $1.52B
Total Debt: $194.10M
Cash: $248.64M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.65
Current Assets: $416.20M
Current Liabilities: $251.96M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.13
Short-Term Debt: $45.54M
Long-Term Debt: $148.55M
Total Debt: $194.10M
Total Equity: $1.52B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$3.64
Revenue: $1.42B
Shares: 391,136,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$3.89
Total Equity: $1.52B
Shares: 391,136,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$0.28
Operating CF: $146.15M
CapEx: -$36.13M
Shares: 391,136,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $7.64
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $9.66M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares LFST against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $667.5M $859.5M $1.1B $1.3B $1.4B
Cost of Revenue $466.0M $622.5M $753.6M $848.6M $1.0B
Gross Profit $201.5M $237.0M $302.1M $402.4M $406.3M
Operating Expenses $487.9M $447.2M $491.2M $434.0M $380.6M
Operating Income -$286.4M -$210.2M -$189.1M -$31.6M $25.7M
Net Income -$307.2M -$215.6M -$186.3M -$57.4M $9.7M
EBITDA -$240.1M -$143.6M -$104.9M $39.9M $78.8M
EPS $-1.05 $-0.61 $-0.51 $-0.15 $0.03
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $148.0M $108.6M $78.8M $154.6M $248.6M
Total Current Assets $266.5M $233.2M $225.7M $312.5M $416.2M
Total Assets $1.9B $2.2B $2.1B $2.1B $2.2B
Current Liabilities $116.8M $176.0M $202.9M $228.9M $252.0M
Long-Term Debt $157.4M $225.1M $280.3M $279.8M $148.6M
Total Liabilities $382.1M $655.1M $681.0M $672.0M $682.9M
Total Equity $1.5B $1.5B $1.4B $1.4B $1.5B
Retained Earnings -$357.1M -$572.6M -$760.8M -$818.3M -$808.6M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $9.4M $52.8M -$16.9M $107.3M $146.2M
Capital Expenditure -$94.5M -$79.3M -$40.5M -$21.6M -$36.1M
Free Cash Flow -$85.1M -$26.5M -$57.4M $85.7M $110.0M
Acquisitions (net) -$99.6M -$60.2M -$19.8M $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $-904,000 $0 $0 $0
Net Change in Cash $129.2M -$39.4M -$29.8M $75.7M $94.1M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $1.4B
$1.4B – $1.4B
 $1.7B
$1.6B – $1.7B
 $1.9B
$1.9B – $1.9B
 $2.2B
$2.2B – $2.2B
EBITDA $571.2M
$563.6M – $582.8M
 $665.6M
$661.6M – $673.8M
 $759.7M
$751.5M – $775.9M
 $868.8M
$866.7M – $871.0M
Net Income -$1.7M
-$1.7M – -$1.7M
 $56.5M
$30.5M – $61.1M
 $80.5M
$57.9M – $84.7M
 $161.7M
$137.8M – $185.6M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +28.8% +22.8% +18.5% +13.9%
Gross Profit Growth +17.6% +27.5% +33.2% +1.0%
Operating Income Growth +26.6% +10.0% +83.3% +181.3%
Net Income Growth +29.8% +13.6% +69.2% +116.8%
EBITDA Growth +40.2% +26.9% +138.0% +97.6%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-23 Bessler Robert S-Sale 3,876.00 $7.00 $27,132
2026-04-24 Bessler Robert S-Sale 31,074.00 $7.05 $219,072
2026-04-23 Bessler Robert S-Sale 3,876.00 $7.00 $27,132
2026-04-24 Bessler Robert S-Sale 31,073.00 $7.05 $219,065
2026-04-21 Bessler Robert S-Sale 2,550.00 $7.01 $17,876
2026-04-21 Bessler Robert S-Sale 2,551.00 $7.01 $17,883
2026-04-01 Pardo Ryan F-InKind 9,376.00 $6.37 $59,725
2026-03-24 McGroarty Ryan F-InKind 24,255.00 $6.45 $156,445
2026-03-17 McGroarty Ryan F-InKind 47,594.00 $6.89 $327,923
2026-03-09 Burdick Kenneth A A-Award 706,960.00 $0.00 $0
2026-03-09 Burdick Kenneth A F-InKind 278,192.00 $6.91 $1.9M
2026-03-09 Burdick Kenneth A A-Award 33,544.00 $0.00 $0
2026-03-09 Burdick Kenneth A F-InKind 13,201.00 $6.91 $91,219
2026-03-09 Burdick Kenneth A F-InKind 35,816.00 $6.91 $247,489
2026-03-09 Bourdon David A-Award 205,550.00 $0.00 $0
2026-03-09 Bourdon David F-InKind 86,024.00 $6.91 $594,426
2026-03-09 Bourdon David A-Award 122,994.00 $0.00 $0
2026-03-09 Bourdon David F-InKind 51,474.00 $6.91 $355,685
2026-03-09 Bourdon David F-InKind 10,884.00 $6.91 $75,208
2026-03-09 Miller Lisa K A-Award 26,836.00 $0.00 $0
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27