LifeStance Health Group, Inc.
LFST · Services-Health Services · 387.8M shares · +3250%/yr ↑ dilution · EDGAR filings ↗
Reference price $8.02 · est. market cap ~$3.1B — last insider sale, 2026-05-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64LifeStance Health — outpatient mental-health provider near breakeven, FCF-positive.
Strengths
- Free cash flow 100th pct, operating cash margin (93rd); strong cash (92nd); revenue +14%
- Large, growing clinician network
Risks
- Net loss this year; ROE 0.6% (38th)
- Payer-rate and clinician-retention sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +3250%/yr over 2y (dilution, book value/share -100%)
- Strong balance sheetStrong balance sheet — $249M cash & investments
- Insider sellingInsider selling — 15 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$457M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
1.7%
Net margin
0.7%
Return on equity
0.6%
Return on assets
0.4%
ROIC
1.1%
Revenue growth (QoQ)
5.6%
Debt / equity
0.2×
Net debt / EBITDA
0.3×
Interest coverage
2.1×
Current ratio
1.7×
Free cash flow
$110M
EBITDA
$66M
Tangible book value
$50M
Cash & investments
$249M
Stock comp / revenue
5.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-11 | Paunovich Vukasin | Tax withheld | 17K | $8.61 |
| 2026-05-12 | Bessler Robert | Sell | 288K | $8.02 |
| 2026-05-12 | Bessler Robert | Sell | 288K | $8.02 |
| 2026-05-12 | Shuey Eric | Sell | 243K | $8.02 |
| 2026-05-12 | TPG GP A, LLC | Sell | 28.3M | $8.02 |
| 2026-05-12 | BLACK DARREN M. | Sell | 5.9M | $8.02 |
| 2026-05-07 | Bessler Robert | Sell | 38K | $8.55 |
| 2026-05-07 | Bessler Robert | Sell | 38K | $8.55 |
| 2026-04-24 | Bessler Robert | Sell | 31K | $7.05 |
| 2026-04-24 | Bessler Robert | Sell | 31K | $7.05 |
| 2026-04-23 | Bessler Robert | Sell | 3.9K | $7.00 |
| 2026-04-23 | Bessler Robert | Sell | 3.9K | $7.00 |
| 2026-04-21 | Bessler Robert | Sell | 2.6K | $7.01 |
| 2026-04-21 | Bessler Robert | Sell | 2.5K | $7.01 |
| 2026-04-01 | Pardo Ryan | Tax withheld | 9.4K | $6.37 |
| 2026-03-24 | McGroarty Ryan | Tax withheld | 24K | $6.45 |
| 2026-03-17 | McGroarty Ryan | Tax withheld | 48K | $6.89 |
| 2026-03-09 | Varanakis Ann | Grant | 60K | — |
| 2026-03-09 | Varanakis Ann | Tax withheld | 25K | $6.91 |
| 2026-03-09 | Pardo Ryan | Tax withheld | 12K | $6.91 |
| 2026-03-09 | Pardo Ryan | Grant | 40K | — |
| 2026-03-09 | Pardo Ryan | Tax withheld | 16K | $6.91 |
| 2026-03-09 | Pardo Ryan | Grant | 106K | — |
| 2026-03-09 | Pardo Ryan | Tax withheld | 38K | $6.91 |
| 2026-03-09 | McGroarty Ryan | Grant | 128K | — |
| 2026-03-09 | McGroarty Ryan | Tax withheld | 51K | $6.91 |
| 2026-03-09 | McGroarty Ryan | Grant | 65K | — |
| 2026-03-09 | McGroarty Ryan | Tax withheld | 26K | $6.91 |
| 2026-03-09 | Paunovich Vukasin | Tax withheld | 19K | $6.91 |
| 2026-03-09 | Paunovich Vukasin | Grant | 63K | — |
| 2026-03-09 | Burdick Kenneth A | Tax withheld | 36K | $6.91 |
| 2026-03-09 | Burdick Kenneth A | Grant | 34K | — |
| 2026-03-09 | Burdick Kenneth A | Tax withheld | 13K | $6.91 |
| 2026-03-09 | Burdick Kenneth A | Grant | 707K | — |
| 2026-03-09 | Burdick Kenneth A | Tax withheld | 278K | $6.91 |
| 2026-03-09 | Bourdon David | Tax withheld | 11K | $6.91 |
| 2026-03-09 | Bourdon David | Grant | 123K | — |
| 2026-03-09 | Bourdon David | Tax withheld | 51K | $6.91 |
| 2026-03-09 | Bourdon David | Grant | 206K | — |
| 2026-03-09 | Bourdon David | Tax withheld | 86K | $6.91 |
| 2026-03-09 | Miller Lisa K | Tax withheld | 15K | $6.91 |
| 2026-03-09 | Miller Lisa K | Grant | 27K | — |
| 2026-03-09 | Miller Lisa K | Tax withheld | 13K | $6.91 |
| 2026-03-09 | Varanakis Ann | Tax withheld | 8.7K | $6.91 |
| 2026-03-09 | Varanakis Ann | Grant | 27K | — |
| 2026-03-09 | Varanakis Ann | Tax withheld | 11K | $6.91 |
| 2026-03-06 | Pardo Ryan | Tax withheld | 22K | $6.93 |
| 2026-03-06 | Bourdon David | Tax withheld | 66K | $6.93 |
| 2026-03-06 | Burdick Kenneth A | Tax withheld | 425K | $7.11 |
| 2026-03-06 | Miller Lisa K | Tax withheld | 22K | $6.93 |
| 2026-03-06 | Varanakis Ann | Tax withheld | 22K | $6.93 |
| 2026-03-05 | McGroarty Ryan | Grant | 180K | — |
| 2026-03-05 | Bourdon David | Grant | 396K | — |
| 2026-03-05 | Paunovich Vukasin | Grant | 86K | — |
| 2026-03-05 | Miller Lisa K | Grant | 108K | — |
| 2026-03-05 | Pardo Ryan | Grant | 129K | — |
| 2026-03-05 | Varanakis Ann | Grant | 86K | — |
| 2026-03-05 | Eken Stephanie Carin | Grant | 115K | — |
| 2026-03-02 | TPG GP A, LLC | Sell | 20.7M | $7.01 |
| 2026-03-02 | BLACK DARREN M. | Sell | 4.3M | $7.01 |
| 2025-12-22 | Bessler Robert | Sell | 850 | $7.04 |
| 2025-12-22 | Bessler Robert | Sell | 851 | $7.04 |
| 2025-12-19 | Bessler Robert | Sell | 60K | $7.04 |
| 2025-12-19 | Bessler Robert | Sell | 60K | $7.04 |
| 2025-12-18 | Bessler Robert | Sell | 3.2K | $7.00 |
| 2025-12-18 | Bessler Robert | Sell | 3.2K | $7.00 |
| 2025-12-17 | Varanakis Ann | Sell | 50K | $6.90 |
| 2025-12-15 | Bessler Robert | Sell | 6.2K | $7.00 |
| 2025-12-15 | Bessler Robert | Sell | 6.2K | $7.00 |
| 2025-12-12 | Bessler Robert | Sell | 40K | $7.01 |
| 2025-12-12 | Bessler Robert | Sell | 40K | $7.01 |
| 2025-11-21 | Miller Lisa K | Sell | 57K | $6.43 |
| 2025-11-10 | Miller Lisa K | Tax withheld | 11K | $6.43 |
| 2025-08-26 | Varanakis Ann | Tax withheld | 5.2K | $5.39 |
| 2025-08-20 | Personette Sarah | Grant | 75K | — |
| 2025-08-18 | BLACK DARREN M. | Sell | 8.4M | $5.07 |
| 2025-08-18 | Silversmith Partners I GP, LLC | Sell | 3.6M | $5.07 |
| 2025-08-18 | SUMMIT PARTNERS L P | Sell | 8.4M | $5.07 |
| 2025-08-11 | Burdick Kenneth A | Buy | 1.3K | $4.35 |
| 2025-08-11 | Burdick Kenneth A | Buy | 19K | $4.54 |
| 2025-08-08 | Burdick Kenneth A | Buy | 47K | $4.30 |
| 2025-08-08 | Burdick Kenneth A | Buy | 46K | $4.36 |
| 2025-08-08 | Burdick Kenneth A | Buy | 1.8K | $4.31 |
| 2025-06-16 | Ramtekkar Ujjwal | Sell | 9.5K | $5.17 |
| 2025-06-11 | Paunovich Vukasin | Grant | 179K | — |
| 2025-06-11 | Shuey Eric | Grant | 36K | — |
| 2025-06-11 | Palmer Eric P | Grant | 71K | — |
| 2025-06-11 | Bessler Robert | Grant | 36K | — |
| 2025-06-11 | DeLuca Teresa | Grant | 36K | — |
| 2025-06-05 | Ramtekkar Ujjwal | Sell | 16K | $5.94 |
| 2025-04-09 | Bessler Robert | Sell | 2.5K | $7.01 |
| 2025-04-09 | Bessler Robert | Sell | 2.5K | $7.01 |
| 2025-04-08 | Bessler Robert | Sell | 7 | $7.00 |
| 2025-04-08 | Bessler Robert | Sell | 7 | $7.00 |
| 2025-04-01 | Pardo Ryan | Tax withheld | 9.4K | $6.63 |
| 2025-03-24 | McGroarty Ryan | Grant | 185K | — |
| 2025-03-17 | McGroarty Ryan | Grant | 363K | — |
| 2025-03-17 | Miller Lisa K | Sell | 19K | $6.90 |
| 2025-03-10 | Pardo Ryan | Tax withheld | 12K | $7.11 |
| 2025-03-10 | Burdick Kenneth A | Tax withheld | 36K | $7.11 |
| 2025-03-10 | Bourdon David | Tax withheld | 11K | $7.11 |
| 2025-03-10 | Miller Lisa K | Tax withheld | 11K | $7.11 |
| 2025-03-10 | Pantaleoni Pablo | Tax withheld | 13K | $7.11 |
| 2025-03-10 | Varanakis Ann | Tax withheld | 5.6K | $7.11 |
| 2025-03-10 | Ramtekkar Ujjwal | Tax withheld | 4.3K | $7.11 |
| 2025-03-10 | Pantaleoni Pablo | Tax withheld | 9.7K | $6.63 |
| 2025-03-10 | Pantaleoni Pablo | Sell | 16K | $7.64 |
| 2025-03-07 | Varanakis Ann | Grant | 32K | — |
| 2025-03-07 | Varanakis Ann | Grant | 32K | — |
| 2025-03-07 | Varanakis Ann | Grant | 28K | — |
| 2025-03-07 | Burdick Kenneth A | Tax withheld | 111K | $7.59 |
| 2025-03-07 | Burdick Kenneth A | Grant | 424K | — |
| 2025-03-07 | Burdick Kenneth A | Tax withheld | 167K | $7.59 |
| 2025-03-07 | Bourdon David | Grant | 81K | — |
| 2025-03-07 | Bourdon David | Tax withheld | 30K | $7.59 |
| 2025-03-07 | Bourdon David | Grant | 125K | — |
| 2025-03-07 | Bourdon David | Tax withheld | 43K | $7.59 |
| 2025-03-07 | Ramtekkar Ujjwal | Grant | 21K | — |
| 2025-03-07 | Ramtekkar Ujjwal | Tax withheld | 6.5K | $7.59 |
| 2025-03-07 | Pardo Ryan | Grant | 42K | — |
| 2025-03-07 | Pardo Ryan | Tax withheld | 14K | $7.59 |
| 2025-03-07 | Pardo Ryan | Grant | 96K | — |
| 2025-03-07 | Pardo Ryan | Tax withheld | 28K | $7.59 |
| 2025-03-07 | Varanakis Ann | Grant | 28K | — |
| 2025-03-07 | Varanakis Ann | Tax withheld | 3.7K | $7.59 |
| 2025-03-07 | Varanakis Ann | Tax withheld | 8.6K | $7.59 |
| 2025-03-07 | Varanakis Ann | Tax withheld | 7.5K | $7.59 |
| 2025-03-07 | Pantaleoni Pablo | Grant | 43K | — |
| 2025-03-07 | Pantaleoni Pablo | Tax withheld | 15K | $7.59 |
| 2025-03-07 | Pantaleoni Pablo | Grant | 99K | — |
| 2025-03-07 | Pantaleoni Pablo | Tax withheld | 29K | $7.59 |
| 2025-03-07 | Pantaleoni Pablo | Sell | 20K | $7.29 |
| 2025-03-07 | Varanakis Ann | Tax withheld | 8.6K | $7.59 |
| 2025-03-07 | Pantaleoni Pablo | Grant | 43K | — |
| 2025-03-07 | Pantaleoni Pablo | Tax withheld | 15K | $7.59 |
| 2025-03-07 | Pantaleoni Pablo | Grant | 99K | — |
| 2025-03-07 | Pantaleoni Pablo | Tax withheld | 29K | $7.59 |
| 2025-03-07 | Burdick Kenneth A | Grant | 283K | — |
| 2025-03-06 | Varanakis Ann | Tax withheld | 6.5K | $7.88 |
| 2025-03-06 | Varanakis Ann | Grant | 76K | — |
| 2025-03-06 | Pantaleoni Pablo | Grant | 117K | — |
| 2025-03-06 | Pantaleoni Pablo | Tax withheld | 19K | $7.88 |
| 2025-03-06 | Varanakis Ann | Grant | 76K | — |
| 2025-03-06 | Burdick Kenneth A | Grant | 95K | — |
| 2025-03-06 | Burdick Kenneth A | Tax withheld | 54K | $7.88 |
| 2025-03-06 | Varanakis Ann | Tax withheld | 6.5K | $7.88 |
| 2025-03-06 | Pardo Ryan | Grant | 114K | — |
| 2025-03-06 | Pardo Ryan | Tax withheld | 19K | $7.88 |
| 2025-03-06 | Miller Lisa K | Grant | 76K | — |
| 2025-03-06 | Miller Lisa K | Tax withheld | 6.4K | $7.88 |
| 2025-03-06 | Pantaleoni Pablo | Grant | 117K | — |
| 2025-03-06 | Pantaleoni Pablo | Tax withheld | 19K | $7.88 |
| 2025-03-06 | Ramtekkar Ujjwal | Grant | 57K | — |
| 2025-03-06 | Bourdon David | Grant | 349K | — |
| 2025-03-06 | Bourdon David | Tax withheld | 17K | $7.88 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-04 | Shareholder vote | filing ↗ |
| 2026-05-12 | OtherExhibits | filing ↗ |
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-11 | Exec/director change | filing ↗ |
| 2026-03-02 | OtherExhibits | filing ↗ |
| 2026-02-25 | ResultsExec/director changeReg FDOtherExhibits | filing ↗ |
| 2025-11-06 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-22 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-02 | 0001193125-26-257606 ↗ |
| 8-K | 2026-05-12 | 2026-05-07 | 0001193125-26-219669 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-209709 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-211814 ↗ |
| 8-K | 2026-03-11 | 2026-03-10 | 0001193125-26-102436 ↗ |
| 8-K | 2026-03-02 | 2026-02-25 | 0001193125-26-085507 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001193125-26-071462 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001193125-26-067858 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001193125-25-267443 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-269712 ↗ |
| 8-K | 2025-08-22 | 2025-08-19 | 0001193125-25-186460 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0000950170-25-105096 ↗ |