LifeStance Health (LFST) Operating Expenses (2020 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at LifeStance Health was $1.51 billion, up 14.4% year-over-year; for FY2025, it came in at $1.4 billion, up 9.2% from FY2024.

• Annual Operating Expenses has increased for six consecutive years, with a five-year compound annual growth rate of 40.2% (FY2020 to FY2025).
• In prior years, LifeStance Health's Operating Expenses was $1.28 billion in FY2024 (+3.0%), $1.24 billion in FY2023 (+16.4%), $1.07 billion in FY2022 (+12.1%) and $953.86 million in FY2021 (+268.6%).
• The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q1 2021.
• On a year-over-year basis, Operating Expenses has increased in each of the last seven quarters, with growth averaging 8.1% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was Q1 2022, with growth of 86.1%; the weakest was Q3 2022, with a decline of 14.1%.
• According to Business Quant data, Operating Expenses for the three prior quarters was $381.19 million (Q1 2026), $364.11 million (Q4 2025) and $356.4 million (Q3 2025).