earnings
confidence high
sentiment negative
materiality 0.70
LifeStance Q3 revenue $173.8M (+70% YoY); net loss $120.5M on stock comp; FY revenue guided to lower end of $668-678M
LifeStance Health Group, Inc.
- Revenue $173.8M, up 70% YoY; Center Margin $52.1M (29.9% of revenue), up 57%.
- Net loss $120.5M vs $3.3M loss a year ago, primarily driven by $120.7M stock/unit-based compensation.
- Adjusted EBITDA $10.7M (6.2% of revenue), down 29% YoY from $15.0M.
- Clinicians grew 72% to 4,375; added 400 net clinicians in Q3; retention stabilized ~80% annualized.
- FY 2021 revenue expected toward lower end of $668-678M range; Center Margin and Adjusted EBITDA guidance unchanged.