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LifeStance Health

Mental Health Tech
Segments:
Telepsychiatry/Teletherapy Platforms
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Product stage:
Growth
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Washington-based LifeStance Health is a tech-enabled in-person mental healthcare provider and telepsychiatry platform. The company’s platform offers online assessments, video consultations for individual and group therapy, appointment scheduling, and medication management. These services are also available at LifeStance’s clinics while the company also provides additional in-person services including intensive therapeutic programs, cognitive behavioral therapy, dialectical behavioral therapy, and Transcranial Magnetic Stimulation therapy. 

LifeStance Health is one of the largest outpatient mental health platforms in the US by the number of employed clinicians and geographic scale. As of December 2021, the company had a network of more than 4,790 licensed mental health clinicians operating out of 500 centers across 32 states. Additionally, the company had served 570,000 unique patients in 2021.

Funding and financials

The company filed for an initial public offering in May 2021 and began trading on the Nasdaq under the ticker “LFST” in June 2021. The IPO was priced at USD 18.00 per share for 40 million, and LifeStance raised USD 720 million. The funds will be used to open more centers, build out its technology, and repay its outstanding debt.

In FY 2022, net losses for the period shrunk to USD 216 million from USD 307 million in FY 2021 representing a 30% YoY reduction. The company achieved revenues of USD 860 million for the period, implying a 29% YoY growth. This was attributed to an increase in user visits throughout the year. For FY 2023, the company expects to earn full-year revenues between USD 980 million and USD 1,020 million (representing a YoY growth between 14%–19%) and expects adjusted EBITDA between USD 50 million and USD 62 million (representing a YoY change between -5%–18%).

Mental Health Tech

Mental Health Tech

Key stats
Featured companies
189
Total funding (USD)
11.0 Bn
Total addressable market (USD)
94.3 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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Recent Updates

Earnings/results
Mar 8, 2023
LifeStance Health releases FY 2022 results, meets analyst expectations
Mental Health Tech
Earnings/results
Nov 8, 2022
Lifestance health releases Q3 2022 earnings, revises guidance downward
Mental Health Tech
Earnings/results
Aug 9, 2022
LifeStance releases Q2 2022 earnings; reaffirms 2022 guidance toward lower band
Mental Health Tech
Earnings/results
May 9, 2022
LifeStance releases earnings for Q1 2022 and reaffirms guidance for 2022
Mental Health Tech

Company Brief


HQ location:
10655 NE 4th Street Bellevue WA USA
Founded year:
2017
Employees:
5,001-10,000
Total Funding:
USD 0.000

Investors


No investor data is available

Funding data are powered by Crunchbase
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