LifeStance Health (LFST) Operating Expenses (2020 - 2026)
LifeStance Health (LFST) posted quarterly 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 reported Operating Expenses for 7 consecutive years, with $381.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 15.04% year-over-year to $381.2 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 11.82% YoY), while the FY2025 annual figure was $1.4 billion, up 9.17% from the prior year.
- Operating Expenses advanced to $381.2 million in Q1 2026 per LFST's latest filing, from $364.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $381.2 million in Q1 2026 and bottomed at $256.4 million in Q3 2022.
- Historically, Operating Expenses has averaged $316.4 million across 5 years, with a median of $317.2 million in 2024.
- On a YoY basis, Operating Expenses climbed as much as 86.06% in 2022 and fell as far as 14.11% in 2022.
- LifeStance Health's Operating Expenses stood at $275.4 million in 2022, then rose by 13.62% to $312.9 million in 2023, then climbed by 3.69% to $324.4 million in 2024, then increased by 12.23% to $364.1 million in 2025, then grew 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 17.74 Bn |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 3.00 Mn |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 1.31 Bn |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 2.98 Bn |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 1.32 Bn |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 4.12 Bn |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 1.32 Bn |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 584.05 Mn |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 490.51 Mn |
| 10 | LifeStance Health | 4.56 Mn | -221.38 Mn | 153.04 Mn | 404.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 404.70 Mn |
| 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 |