NASDAQ$LFST

LifeStance Health Group Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

LifeStance reported a 22% increase in Q4 revenue, driven by clinician growth, visit volumes, and revenue per visit.

LifeStance Health Group, Inc. announced its Q4 2023 financial results, featuring a 22% increase in revenue to $280.6 million. The company's clinician base grew by 18%, with visit volumes up by 20%. Despite a net loss of $45.0 million, adjusted EBITDA was positive at $20.3 million. The company is focused on operational improvements and profitable growth.

  • Q4 revenue increased by 22% to $280.6 million.
  • Clinician base increased by 18% to 6,645 clinicians.
  • Visit volumes increased by 20% to 1.8 million.
  • Adjusted EBITDA increased 99% to $20.3 million.

Headline financials

Total Revenue

$281M

Previous: $229M+22.3%
EPS (adj)

-$0.12

Previous: -$0.13+7.7%
Capital Expenditures

-$11.4M

No prior period
Free Cash Flow

$42.9M

No prior period
Net Income

-$45M

Previous: -$46.7M+3.6%
Operating Income

-$32.3M

Previous: -$46M+29.8%
Gross Profit

$0.00

Previous: $237M-100.0%

Revenue & EPS history

LifeStance · Revenue · Quarterly

$281M

Q4 2023+22.3%vs Q4 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

LifeStance expects full year 2024 revenue of $1.19 billion to $1.24 billion, Center Margin of $345 to $365 million, Adjusted EBITDA of $80 to $90 million, and positive Free Cash Flow.

Tailwinds

  • Expecting full year 2024 revenue of $1.19 billion to $1.24 billion
  • Center Margin of $345 to $365 million
  • Adjusted EBITDA of $80 to $90 million
  • Expecting positive Free Cash Flow for the full year
  • Focus on operational improvements, profitable growth, and disciplined capital deployment

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 Q4 2023

Historical avgQ4 2023

-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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