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

LifeStance Health (LFST) posted quarterly Operating Expenses of $381.2 million for Q1 2026, up 15.04% YoY from $331.4 million in Q1 2025, and up 4.69% sequentially from $364.1 million in Q4 2025.

LifeStance Health (LFST) Operating Expenses (2020 - 2026) Analysis & Trends

LifeStance Health has disclosed Operating Expenses across 7 years of filings, most recently posting $381.2 million for 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 grew to $381.2 million in Q1 2026, from $364.1 million in the prior quarter.
  • Over the last five years, Operating Expenses for LFST reached as high as $381.2 million in Q1 2026 and fell as low as $256.4 million in Q3 2022.
  • The 5-year median for Operating Expenses is $317.2 million (2024), against an average of $316.4 million.
  • The widest YoY moves for Operating Expenses: up 86.06% in 2022, down 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.
  • According to Business Quant data, Operating Expenses over the past three periods registered $381.2 million, $364.1 million, and $356.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 16.82 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 572.94 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 27.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.93 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 1.29 Bn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.26 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 3.99 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.30 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -25.79 Mn
10 LifeStance Health 44.33 Mn -32.60 Mn - 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