Jun 2026 (Q2 FY26) — Aug 6, 2026
LifeStance Q2 FY26 — Exceeds Guidance with Strong Revenue Growth and Margin Expansion
Read the full callLifeStance earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 435 | +26.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 7.0 | +7.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 23.6 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
1Y: $5.04 on 17 Oct 2025 → $11.77. High $13.38 (14 Sept 2026), low $4.81 (5 Nov 2025).
Overview
Call summaries
LifeStance Q2 FY26 — Exceeds Guidance with Strong Revenue Growth and Margin Expansion
Read the full callLifeStance Health Q4 FY25 — Record Performance and Accelerated Margin Expansion
Read the full callEvery analysed call
Financials
Net profit, year on year: +723% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 313 | 325 | 333 | 345 | 364 | 382 | 403 | 435 |
| Operating profit | 0 | 1 | 2 | -3 | 7 | 18 | 22 | 31 |
| Operating margin | 0.0% | 0.3% | 0.5% | −0.8% | 2.0% | 4.7% | 5.5% | 7.0% |
| Other income | -5 | -10 | -3 | -3 | -3 | -3 | -3 | -3 |
| Interest | 5 | 9 | 3 | 3 | 3 | 3 | 2 | 3 |
| Profit before tax | -5 | -9 | -1 | -6 | 5 | 15 | 20 | 27 |
| Tax rate | −10.7% | 19.9% | 148.2% | 36.2% | 76.4% | 23.3% | 27.9% | 14.0% |
| Net profit | 1 | -7 | 1 | -4 | 1 | 12 | 14 | 24 |
| Line item | Dec 2019 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | — | 4 | 4 | 4 | 4 | 4 |
| Reserves | — | -357 | -573 | -761 | -818 | -809 |
| Total liabilities | — | 382 | 655 | 681 | 672 | 683 |
| Fixed assets | — | 152 | 194 | 188 | 166 | 162 |
| Total assets | — | 1,927 | 2,174 | 2,110 | 2,118 | 2,204 |
| Line item | Dec 2019 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 17 | 9 | 53 | -17 | 107 | 146 |
| Cash from investing | -73 | -194 | -139 | -60 | -22 | -36 |
| Cash from financing | 48 | 314 | 47 | 47 | -10 | -16 |
| Net cash flow | -8 | 129 | -39 | -30 | 76 | 94 |
| Capital expenditure | -14 | -94 | -79 | -41 | -22 | -36 |
| Free cash flow | 3 | -85 | -26 | -57 | 86 | 110 |
| KPI | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees Clinicians | 8,040We grew our net clinicians by 44 in the fourth quarter and 657 for the full year, bringing our total clinician base to 8,040, representing growth of 9% year-over-year.Source: earnings call transcript | 8,542This was achieved while at the same time adding 193 clinicians in the second quarter, bringing our total clinician base to 8,542, representing growth of 11%.Source: earnings call transcript | +6.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
96 filings between Nov 10, 2025 and Sep 22, 2026.
Purchases
None
No insider bought shares.
Sales
$847.23M
37 sales by 9 insiders
59% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 4 gifts, 1 other.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TPG GP A, LLC | — | $742.97M | Sep 11, 2026 |
| BLACK DARREN M. | — | $77.56M | May 12, 2026 |
| Bessler Robert | — | $16.39M | Jun 26, 2026 |
| Burdick Kenneth A | — | $5.75M | Aug 11, 2026 |
| Shuey Eric | — | $1.95M | May 12, 2026 |
| Paunovich Vukasin | — | $1.02M | Sep 2, 2026 |
| Miller Lisa K | — | $887.9K | Aug 10, 2026 |
| DeLuca Teresa | — | $345.1K | Aug 14, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 22, 2026 | Bourdon David Chief Executive Officer | Gift | 150,000 | $0 |
| Sep 22, 2026 | Bourdon David Chief Executive Officer | Gift | 150,000 | $0 |
| Sep 22, 2026 | Bourdon David Chief Executive Officer | Gift | 150,000 | $0 |
| Sep 22, 2026 | Bourdon David Chief Executive Officer | Gift | 150,000 | $0 |
| Sep 11, 2026 | TPG GP A, LLC 10% owner | Sale | 18,409,705 | $226.26M |
| Sep 2, 2026 | Bourdon David Chief Executive Officer | Other | 150,000 | $0 |
| Sep 2, 2026 | Paunovich Vukasin Chief Technology Officer | Sale | 42,067 | $541.4K |
| Aug 24, 2026 | Varanakis Ann Chief People Officer | Tax withheld | 8,156 | $99.2K |
| Aug 14, 2026 | DeLuca Teresa Director | Sale | 7,500 | $95.1K |
| Aug 13, 2026 | DeLuca Teresa Director | Sale | 20,441 | $250.0K |
| Aug 11, 2026 | Burdick Kenneth A Director | Sale | 500,000 | $5.75M |
| Aug 10, 2026 | Miller Lisa K Chief Operating Officer | Sale 10b5-1 plan | 47,912 | $519.8K |
| Aug 10, 2026 | Paunovich Vukasin Chief Technology Officer | Sale 10b5-1 plan | 44,394 | $481.7K |
| Aug 10, 2026 | TPG GP A, LLC 10% owner | Sale | 13,643,207 | $144.89M |
| Jul 6, 2026 | Burdick Kenneth A Director | Award | 45,495 | $0 |
| Jul 2, 2026 | Palmer Eric P Director | Award | 17,746 | $0 |
| Jul 2, 2026 | Personette Sarah Director | Award | 17,746 | $0 |
| Jul 2, 2026 | Goltermann Lori Director | Award | 35,492 | $0 |
| Jul 2, 2026 | DeLuca Teresa Director | Award | 17,746 | $0 |
| Jul 2, 2026 | Bessler Robert Director | Award | 17,746 | $0 |
| Jul 2, 2026 | Justice Thurman Director | Award | 35,492 | $0 |
| Jun 26, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 447,169 | $4.53M |
| Jun 26, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 447,168 | $4.53M |
| Jun 11, 2026 | Paunovich Vukasin Chief Technology Officer | Tax withheld | 17,456 | $150.3K |
| May 12, 2026 | TPG GP A, LLC 10% owner | Sale | 28,281,943 | $226.82M |
| May 12, 2026 | Bessler Robert Director | Sale | 287,517 | $2.31M |
| May 12, 2026 | Bessler Robert Director | Sale | 287,517 | $2.31M |
| May 12, 2026 | BLACK DARREN M. Director | Sale | 5,899,661 | $47.32M |
| May 12, 2026 | Shuey Eric Director | Sale | 243,362 | $1.95M |
| May 7, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 37,500 | $320.6K |
| May 7, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 37,500 | $320.6K |
| Apr 24, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 31,074 | $219.1K |
| Apr 24, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 31,073 | $219.1K |
| Apr 23, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 3,876 | $27.1K |
| Apr 23, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 3,876 | $27.1K |
| Apr 21, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 2,550 | $17.9K |
| Apr 21, 2026 | Bessler Robert Director | Sale 10b5-1 plan | 2,551 | $17.9K |
| Apr 1, 2026 | Pardo Ryan See Remarks | Tax withheld | 9,376 | $59.7K |
| Mar 24, 2026 | McGroarty Ryan See Remarks | Tax withheld | 24,255 | $156.4K |
| Mar 17, 2026 | McGroarty Ryan See Remarks | Tax withheld | 47,594 | $327.9K |
| Mar 9, 2026 | Miller Lisa K Chief Operating Officer | Tax withheld | 14,766 | $102.0K |
| Mar 9, 2026 | Varanakis Ann Chief People Officer | Tax withheld | 25,024 | $172.9K |
| Mar 9, 2026 | Varanakis Ann Chief People Officer | Award | 26,836 | $0 |
| Mar 9, 2026 | Varanakis Ann Chief People Officer | Tax withheld | 8,707 | $60.2K |
| Mar 9, 2026 | Pardo Ryan See Remarks | Tax withheld | 38,479 | $265.9K |
| Mar 9, 2026 | Pardo Ryan See Remarks | Award | 105,711 | $0 |
| Mar 9, 2026 | Pardo Ryan See Remarks | Tax withheld | 15,841 | $109.5K |
| Mar 9, 2026 | Pardo Ryan See Remarks | Award | 40,254 | $0 |
| Mar 9, 2026 | Pardo Ryan See Remarks | Tax withheld | 12,280 | $84.9K |
| Mar 9, 2026 | McGroarty Ryan See Remarks | Tax withheld | 25,644 | $177.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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