NASDAQ$LFST

LifeStance Health Group Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

LifeStance's Q1 2024 performance was marked by strong revenue growth and margin expansion.

LifeStance Health Group reported a 19% increase in revenue to $300.4 million for Q1 2024. The clinician base grew by 15% to 6,866. The company is reiterating its full-year revenue guidance of $1.19 billion to $1.24 billion and raising its Adjusted EBITDA expectations to $88 to $98 million.

  • Revenue increased by 19% to $300.4 million.
  • The clinician base increased by 15% to 6,866 clinicians.
  • Net loss was $21.1 million, primarily driven by stock-based compensation.
  • Adjusted EBITDA increased to $27.7 million.

Headline financials

Total Revenue

$300M

Previous: $253M+18.9%
EPS

-$0.06

Previous: -$0.09+33.3%
Center Margin

$94.7M

No prior period
Adjusted EBITDA

$27.7M

No prior period
Capital Expenditures

-$5.1M

Previous: -$7.73M+34.0%
Free Cash Flow

-$26.2M

Previous: -$42M+37.6%
Net Income

-$21.1M

Previous: -$34.2M+38.4%
Operating Income

-$16.8M

Previous: -$34.1M+50.8%
Gross Profit

$300M

Previous: $253M+18.9%
Cash & Equivalents

$49.5M

Previous: $68.3M-27.6%
Total Assets

$2.11B

Previous: $2.16B-2.4%

Revenue & EPS history

LifeStance · Revenue · Quarterly

$300M

Q1 2024+18.9%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

LifeStance is reiterating its full-year revenue guidance of $1.19 billion to $1.24 billion and raising its Adjusted EBITDA expectations to $88 to $98 million. The company also expects total revenue of $297 to $315 million, Center Margin of $85 to $97 million, and Adjusted EBITDA of $20 to $26 million for the second quarter of 2024.

Tailwinds

  • Reiterating full year revenue of $1.19 billion to $1.24 billion.
  • Raising Center Margin to $353 to $373 million.
  • Raising Adjusted EBITDA to $88 to $98 million.
  • Continue to expect to generate positive Free Cash Flow for the full year.
  • Expect total revenue of $297 to $315 million for Q2 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-4.5%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.2%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+24.6%

Q4 2023

Best reaction

-49.7%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+19.8%+7.7%+0.5%
Q4 2025+4.3%+0.0%-11.5%
Q3 2025-3.6%+29.1%+30.1%
Q1 2025-16.0%-10.7%-10.8%
Q4 2024+3.1%+6.8%-10.8%
Q3 2024+3.2%+3.8%+2.9%
Q2 2024+1.6%+6.0%+26.1%
Q1 2024-1.7%+5.9%-19.1%
Q4 2023+24.6%+21.8%-3.4%
Q3 2023-9.4%-8.9%+7.9%
Q2 2023-5.0%-7.4%-17.1%
Q1 2023-1.4%+1.1%+1.7%
Q4 2022+22.2%+23.8%+65.6%
Q3 2022-30.4%-15.9%-23.0%
Q2 2022+6.2%+10.8%+29.3%
Q1 2022-13.9%+0.4%+10.1%
Q4 2021-12.7%-5.9%+4.2%
Q3 2021-27.3%-22.8%-29.1%
Q2 2021-49.7%-40.6%-30.2%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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