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
DateValue
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