LifeStance Health (LFST) Operating Expenses (2020 - 2026)
LifeStance Health (LFST) reported Operating Expenses of $381.2 million for Q1 2026, up 15.04% year-over-year from $331.4 million in Q1 2025, and up 4.69% quarter-over-quarter from $364.1 million in Q4 2025.
LifeStance Health (LFST) Operating Expenses (2020 - 2026) Analysis & Trends
LifeStance Health (LFST) has 7 years of Operating Expenses data on file, last reported at $381.2 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $381.2 million, up 15.04% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 11.82% YoY), and the FY2025 annual result was $1.4 billion, up 9.17% from the prior year.
- Operating Expenses improved to $381.2 million in Q1 2026 per LFST's latest filing, from $364.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $381.2 million in Q1 2026 and troughed at $256.4 million in Q3 2022.
- A 5-year average of $316.4 million and a median of $317.2 million in 2024 frame the typical range for Operating Expenses.
- On a YoY basis, Operating Expenses climbed as much as 86.06% in 2022 and fell as far as 14.11% in 2022.
- A 5-year view of Operating Expenses shows it stood at $275.4 million in 2022, then increased by 13.62% to $312.9 million in 2023, then advanced by 3.69% to $324.4 million in 2024, then grew by 12.23% to $364.1 million in 2025, then climbed by 4.69% to $381.2 million in 2026.
- Business Quant data shows LFST's Operating Expenses at $381.2 million in Q1 2026, $364.1 million in Q4 2025, and $356.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 16.82 Bn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 27.00 Mn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 2.93 Bn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 1.29 Bn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 1.26 Bn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 3.99 Bn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 820.65 Mn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 572.94 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 1.30 Bn |
| 10 | LifeStance Health | 3.47 Bn | 3.39 Bn | - | 381.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 381.19 Mn |
| Dec 31, 2025 | 364.11 Mn |
| Sep 30, 2025 | 356.40 Mn |
| Jun 30, 2025 | 348.26 Mn |
| Mar 31, 2025 | 331.37 Mn |
| Dec 31, 2024 | 324.42 Mn |
| Sep 30, 2024 | 312.68 Mn |
| Jun 30, 2024 | 328.28 Mn |
| Mar 31, 2024 | 317.21 Mn |
| Dec 31, 2023 | 312.87 Mn |
| Sep 30, 2023 | 337.25 Mn |
| Jun 30, 2023 | 307.99 Mn |
| Mar 31, 2023 | 286.68 Mn |
| Dec 31, 2022 | 275.37 Mn |
| Sep 30, 2022 | 256.40 Mn |
| Jun 30, 2022 | 270.00 Mn |
| Mar 31, 2022 | 267.95 Mn |
| Dec 31, 2021 | 303.75 Mn |
| Sep 30, 2021 | 298.50 Mn |
| Jun 30, 2021 | 207.59 Mn |