LifeStance Health (LFST) Cost of Revenue (2024 - 2026)
LifeStance Health (LFST) recorded Cost of Revenue of $282.31 million in Q2 2026, up 19.2% from $236.88 million a year earlier and up 5.5% from the prior quarter.
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Analysis
LifeStance Health (LFST) Cost of Revenue (2024 - 2026) Analysis & Trends
On a TTM basis, LifeStance Health's Cost of Revenue came in at $1.05 billion as of Jun 30, 2026, up 18.5% year-over-year; for FY2025, it was $963.19 million, up 13.5% from FY2024.
- Annual Cost of Revenue has increased for three straight years, with a three-year compound annual growth rate of 15.7% (FY2022 to FY2025).
- Across earlier years, Cost of Revenue came in at $848.57 million in FY2024 (+12.6%), $753.57 million in FY2023 (+21.1%) and $622.53 million in FY2022.
- The Q2 2026 figure is the highest quarterly Cost of Revenue in data going back to Q1 2024.
- On a year-over-year basis, Cost of Revenue has increased for six consecutive quarters, with growth averaging 15.5% over the last six quarters.
- Per Business Quant, the preceding three quarters came in at $267.54 million (Q1 2026), $255.9 million (Q4 2025) and $247.23 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 2.82 Bn |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 280.51 Mn |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 2.70 Bn |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 2.06 Bn |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | 124.82 Mn |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 278.27 Mn |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | 144.84 Mn |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 65.00 Mn |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 2.45 Bn |
| 10 | LifeStance Health | 5.59 Mn | -882.61 Mn | 161.40 Mn | 294.46 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 294.46 Mn |
| Jun 30, 2026 | 282.31 Mn |
| Mar 31, 2026 | 267.54 Mn |
| Dec 31, 2025 | 255.90 Mn |
| Sep 30, 2025 | 247.23 Mn |
| Jun 30, 2025 | 236.88 Mn |
| Mar 31, 2025 | 223.18 Mn |
| Dec 31, 2024 | 216.04 Mn |
| Sep 30, 2024 | 212.29 Mn |
| Jun 30, 2024 | 214.53 Mn |
| Mar 31, 2024 | 205.71 Mn |
API Access
LifeStance Health Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LFST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "LFST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LFST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();