LFST

EX-99.1

2 lfst-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Investor Relations Contact

Monica Prokocki

VP of Finance & Investor Relations

602-767-2100

investor.relations@lifestance.com

LifeStance Reports Strong Third Quarter 2026 Financial Results and Raises Full Year Outlook

SCOTTSDALE, Ariz. – November 5, 2026 – LifeStance Health Group, Inc. (Nasdaq: LFST), one of the nation’s largest providers of outpatient mental healthcare, today announced financial results for the third quarter ended September 30, 2026.

(All results compared to prior-year comparative period, unless otherwise noted)

Q3 2026 Highlights and FY 2026 Outlook

• Revenue of $455.9 million increased 25% compared to revenue of $363.8 million

• Clinician base increased 11% to 8,863 clinicians, a sequential net increase of 321 in the third quarter

• Third quarter visit volumes increased 17% to 2.7 million

• Net income of $22.4 million compared to net income of $1.1 million

• Adjusted EBITDA of $68.4 million compared to Adjusted EBITDA of $40.2 million

• Net cash provided by operations of $37.0 million in the third quarter

• Free Cash Flow generation of $22.4 million in the third quarter

• For full year 2026, raising revenue expectations to $1.741 billion to $1.761 billion, Center Margin expectations to $599 million to $613 million, and Adjusted EBITDA expectations to $242 million to $250 million

“The team delivered a tremendous quarter, with execution across the business driving results that once again exceeded our expectations,” said Dave Bourdon, CEO of LifeStance. “The strong momentum gives us the confidence to further raise our full-year 2026 outlook across all financial metrics, while our positive patient outcomes, most recently across TMS and Spravato, reflect our commitment to clinical excellence. At the same time, the investments we are making in our platform, including the implementation of our new EHR, are positioning LifeStance for continued success and scale over the long term.”

Financial Highlights

Q3 2026

Q3 2025

Y/Y

(in millions)

Total revenue

$

455.9

$

363.8

25

%

Income from operations

33.1

7.4

NM

Center Margin

161.4

116.6

38

%

Net income

22.4

1.1

NM

Adjusted EBITDA

68.4

40.2

70

%

As % of Total revenue:

Income from operations

7.3

%

2.0

%

Center Margin

35.4

%

32.0

%

Net income

4.9

%

0.3

%

Adjusted EBITDA

15.0

%

11.1

%

NM - not meaningful

(All results compared to prior-year period, unless otherwise noted)

• Revenue grew 25% to $455.9 million. Revenue growth in the third quarter was driven primarily by higher visit volumes from net clinician growth, improved clinician productivity, and higher total revenue per visit.

• income from operations was $33.1 million and net income was $22.4 million.

• Center Margin grew 38% to $161.4 million, or 35.4% of total revenue.

• Adjusted EBITDA increased 70% to $68.4 million, or 15.0% of total revenue. Adjusted EBITDA as a percentage of revenue increased in the third quarter as a result of higher total revenue per visit, lower center costs as a percentage of revenue, and improved operating leverage from revenue growing faster than general and administrative expenses.

Balance Sheet, Cash Flow, and Capital Allocation

For the nine months ended September 30, 2026, LifeStance generated $170.0 million of cash flow from operations, including $37.0 million during the third quarter of 2026. The Company ended the third quarter with cash and cash equivalents of $218.8 million and net long-term debt of $255.5 million.

2026 Guidance

LifeStance is providing the following outlook for 2026:

• The Company is raising full year revenue to $1.741 billion to $1.761 billion, Center Margin to $599 million to $613 million, and Adjusted EBITDA to $242 million to $250 million.

• For the fourth quarter of 2026, the Company expects total revenue of $446 million to $466 million, Center Margin of $149 million to $163 million, and Adjusted EBITDA of $56 million to $64 million.

Conference Call, Webcast Information, and Presentations

LifeStance will hold a conference call today, November 5, 2026 at 8:30 a.m. Eastern Time to discuss the third quarter 2026 results. Investors who wish to participate in the call should dial 1-800-715-9871, domestically, or 1-646-307-1963, internationally, approximately 10 minutes before the call begins and provide conference ID number 3056663 or ask to be joined into the LifeStance call. A real-time audio webcast can be accessed via the Events and Presentations section of the LifeStance Investor Relations website (https://investor.lifestance.com), where related materials will be posted prior to the conference call.

About LifeStance Health Group, Inc.

Founded in 2017, LifeStance (Nasdaq: LFST) is reimagining mental health. We are one of the nation’s largest providers of virtual and in-person outpatient mental healthcare for children, adolescents and adults experiencing a variety of mental health conditions. Our mission i

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EX-99.1

2 lfst-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Investor Relations Contact

Monica Prokocki

VP of Finance & Investor Relations

602-767-2100

investor.relations@lifestance.com

LifeStance Reports First Quarter 2026 Results

SCOTTSDALE, Ariz. – May 7, 2026 – LifeStance Health Group, Inc. (Nasdaq: LFST), one of the nation’s largest providers of outpatient mental healthcare, today announced financial results for the first quarter ended March 31, 2026.

(All results compared to prior-year comparative period, unless otherwise noted)

2026 Highlights and FY 2026 Outlook

• Revenue of $403.5 million increased 21% compared to revenue of $333.0 million

• Clinician base increased 11% to 8,349 clinicians, a sequential net increase of 309 in the first quarter

• First quarter visit volumes increased 18% to 2.5 million

• Net income of $14.2 million compared to net income of $0.7 million

• Adjusted EBITDA of $51.1 million compared to Adjusted EBITDA of $34.6 million

• Net cash provided by operations of $33.1 million in the first quarter

• Free Cash Flow generation of $22.3 million in the first quarter

• For full year 2026, raising revenue expectations to $1.640 billion to $1.680 billion, Center Margin expectations to $547 million to $571 million, and Adjusted EBITDA of $200 million to $220 million

“We delivered an exceptional quarter to begin the year, highlighted by strong revenue growth of 21%, net income growth of $13.5 million, and Adjusted EBITDA growth of 48%,” said Dave Bourdon, CEO of LifeStance. “Our performance demonstrates that our differentiated model is meeting the societal trend of growing demand for mental healthcare. We also took an important step forward in our commitment to clinical excellence by announcing an outcomes study on approximately 180,000 LifeStance patients that showed roughly three quarters reported clinically significant improvement in anxiety and depression.”

Financial Highlights

Q1 2026

Q1 2025

Y/Y

(in millions)

Total revenue

$

403.5

$

333.0

21

%

Income from operations

22.3

1.6

NM

Center Margin

135.9

109.8

24

%

Net income

14.2

0.7

NM

Adjusted EBITDA

51.1

34.6

48

%

As % of Total revenue:

Income from operations

5.5

%

0.5

%

Center Margin

33.7

%

33.0

%

Net income

3.5

%

0.2

%

Adjusted EBITDA

12.7

%

10.4

%

NM - not meaningful

(All results compared to prior-year period, unless otherwise noted)

• Revenue grew 21% to $403.5 million. Revenue growth in the first quarter was driven primarily by higher visit volumes from net clinician growth, improved clinician productivity, and higher total revenue per visit.

• income from operations was $22.3 million and net income was $14.2 million.

• Center Margin grew 24% to $135.9 million, or 33.7% of total revenue.

• Adjusted EBITDA increased 48% to $51.1 million, or 12.7% of total revenue. Adjusted EBITDA as a percentage of revenue increased in the first quarter as a result of higher total revenue per visit, lower center costs as a percentage of revenue, and improved operating leverage from revenue growing faster than general and administrative expenses.

Balance Sheet, Cash Flow, and Capital Allocation

For the three months ended March 31, 2026, LifeStance generated $33.1 million cash flow from operations. The Company ended the first quarter with cash of $194.8 million and net long-term debt of $262.5 million.

2026 Guidance

LifeStance is providing the following outlook for 2026:

• The Company is raising full year revenue to $1.640 billion to $1.680 billion, Center Margin to $547 million to $571 million, and Adjusted EBITDA to $200 million to $220 million.

• For the second quarter of 2026, the Company expects total revenue of $405 million to $425 million, Center Margin of $135 million to $147 million, and Adjusted EBITDA of $50 million to $60 million.

Conference Call, Webcast Information, and Presentations

LifeStance will hold a conference call today, May 7, 2026 at 8:30 a.m. Eastern Time to discuss the first quarter 2026 results. Investors who wish to participate in the call should dial 1-800-715-9871, domestically, or 1-646-307-1963, internationally, approximately 10 minutes before the call begins and provide conference ID number 8795477 or ask to be joined into the LifeStance call. A real-time audio webcast can be accessed via the Events and Presentations section of the LifeStance Investor Relations website (https://investor.lifestance.com), where related materials will be posted prior to the conference call.

About LifeStance Health Group, Inc.

Founded in 2017, LifeStance (Nasdaq: LFST) is reimagining mental health. We are one of the nation’s largest providers of virtual and in-person outpatient mental healthcare for children, adolescents and adults experiencing a variety of mental health conditions. Our mission is to help people lead healthier, more fulfilling lives by improving access to trusted, affordable, and personalized mental healthcare. LifeStance and its supported