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| 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 |