LifeStance Health Group (LFST) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

LifeStance Health Group

NasdaqGS•Healthcare•Medical Care Facilities

$12.79-0.27(-0.02%)Pre-market

Market Cap

$4.91B

P/E

96.9x

P/S

3.1x

P/B

3.3x

LifeStance Health Group, Inc., through its subsidiaries, provides outpatient mental health services to children, adolescents, adults, and geriatrics in the United States. The company offers patients a multidisciplinary suite of mental health services, psychiatric evaluations and treatment, psychological, and neuropsychological testing, as well as individual, family, and group therapy. It also 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 an outpatient mental health platform, as well as offers patient care virtually through its online delivery platform or in-person at its centers. LifeStance Health Group, Inc. was founded in 2017 and is headquartered in Scottsdale, Arizona.

How this company scores

GoodMetricSide Score: 71/100

Strongest: Growth (24/25); weakest: Profitability (13/25).

Profitability13/25

Growth24/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality16/25

Strengths

Growing revenueRising free cash flowRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 96.9x5y range 96.9x – 285.6x

P/S · 3.1x5y range 0.0x – 3.1x

Currently above its 17-quarter median.

P/B · 3.3x5y range 0.0x – 3.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.91B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.58B
Q. Revenue: $435.35M
TTM EBITDA: $120.80M
TTM Op. Income: $78.43M
Q. Op. Income: $30.65M
TTM Net Income: $50.60M
Q. Net Income: $23.61M
EPS: N/A
Shares Out.: $383.52M

$1.58B in TTM revenue grew 20.4% YoY, reaching $435.35M last quarter. TTM EBITDA of $120.80M and TTM operating income of $78.43M show growth is flowing through to the bottom line. TTM net income of $50.60M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 9.6%
Op. Margin: 7.0%
Net Margin: 5.4%

Op. margin of 7.0% is up 7.9% YoY — cost efficiency is improving. Net margin at 5.4% Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 96.9x
P/S Ratio: 3.1x
P/B Ratio: 3.3x

At 96.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.1x and P/B of 3.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 3 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.18B
Cash: $225.94M
Long-Term Debt: $258.99M
Book Value: $1.48B
D/E Ratio: 0.2
Debt/EBITDA: 6.2

With $2.18B in assets and $258.99M in long-term debt, D/E is 0.2and book value is $1.48B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 5% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $99.91M
TTM Free Cash Flow: $173.91M
FCF Margin: 11.0%
FCF / Net Income: 3.4

TTM FCF of $173.91M on $99.91M in operating cash flow. The FCF / Net Income ratio of 3.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.