Tearsheet

LifeStance Health (LFST)


Market Price (12/28/2025): $7.135 | Market Cap: $2.8 Bil
Sector: Health Care | Industry: Health Care Facilities

LifeStance Health (LFST)


Market Price (12/28/2025): $7.135
Market Cap: $2.8 Bil
Sector: Health Care
Industry: Health Care Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
Weak multi-year price returns
2Y Excs Rtn is -52%, 3Y Excs Rtn is -26%
Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 427x
1 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Health & Wellness Trends. Themes include Telehealth Platforms, and Mental Health Services.
  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5%
2   Key risks
LFST key risks include [1] struggles with clinician retention rates reportedly lower than company claims and [2] numerous lawsuits and allegations over its billing practices.
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
1 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Health & Wellness Trends. Themes include Telehealth Platforms, and Mental Health Services.
2 Weak multi-year price returns
2Y Excs Rtn is -52%, 3Y Excs Rtn is -26%
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 427x
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.5%
5 Key risks
LFST key risks include [1] struggles with clinician retention rates reportedly lower than company claims and [2] numerous lawsuits and allegations over its billing practices.

Valuation, Metrics & Events

LFST Stock


Why The Stock Moved


Qualitative Assessment

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LifeStance Health (LFST) experienced a significant stock movement of approximately 30.1% between August 31, 2025, and December 28, 2025, primarily driven by strong third-quarter 2025 financial results and positive market reception.

<br><br>

<b>1. Record-Breaking Q3 2025 Financial Performance:</b> LifeStance Health reported record third-quarter 2025 revenue of $363.8 million, representing a 16% year-over-year increase and surpassing consensus estimates. This robust top-line growth was a key factor in the stock's appreciation.

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<b>2. Return to Profitability and Exceeding EPS Expectations:</b> The company achieved a net income of $1.1 million in Q3 2025, marking a significant turnaround from losses in the prior year and previous quarter. LifeStance also reached break-even GAAP EPS for the first time as a public company, outperforming analyst expectations for a loss.

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<b>3. Substantial Adjusted EBITDA Growth and Margin Expansion:</b> LifeStance reported a 31% increase in Adjusted EBITDA, reaching $40.2 million. This figure exceeded analyst expectations and represented the highest adjusted EBITDA in the company's history, reflecting improved operational leverage and cost efficiencies.

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<b>4. Strong Operational Execution and Clinician Growth:</b> The company demonstrated robust operational performance, with visit volumes increasing by 17% and its clinician base growing by 11%, adding 288 net new clinicians. Enhanced clinician productivity also contributed significantly to these gains.

<br><br>

<b>5. Upward Revision of Full-Year Guidance:</b> Following the strong Q3 results, LifeStance Health raised its full-year Adjusted EBITDA guidance, signaling confidence in sustained demand, continued cost controls, and further margin expansion into 2026. This positive outlook reinforced investor confidence.

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Stock Movement Drivers

Fundamental Drivers

The 31.5% change in LFST stock from 9/27/2025 to 12/27/2025 was primarily driven by a 26.7% change in the company's P/S Multiple.
927202512272025Change
Stock Price ($)5.427.1331.55%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1316.481367.573.88%
P/S Multiple1.592.0226.71%
Shares Outstanding (Mil)386.73386.96-0.06%
Cumulative Contribution31.55%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
LFST31.5% 
Market (SPY)4.3%4.9%
Sector (XLV)15.2%18.4%

Fundamental Drivers

The 38.4% change in LFST stock from 6/28/2025 to 12/27/2025 was primarily driven by a 31.2% change in the company's P/S Multiple.
628202512272025Change
Stock Price ($)5.157.1338.45%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1283.501367.576.55%
P/S Multiple1.542.0231.19%
Shares Outstanding (Mil)383.27386.96-0.96%
Cumulative Contribution38.43%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
LFST38.4% 
Market (SPY)12.6%15.4%
Sector (XLV)17.0%31.3%

Fundamental Drivers

The -4.8% change in LFST stock from 12/27/2024 to 12/27/2025 was primarily driven by a -14.6% change in the company's P/S Multiple.
1227202412272025Change
Stock Price ($)7.497.13-4.81%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1206.091367.5713.39%
P/S Multiple2.362.02-14.59%
Shares Outstanding (Mil)380.36386.96-1.74%
Cumulative Contribution-4.84%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
LFST-4.8% 
Market (SPY)17.0%24.4%
Sector (XLV)13.8%29.5%

Fundamental Drivers

The 65.0% change in LFST stock from 12/28/2022 to 12/27/2025 was primarily driven by a 66.7% change in the company's Total Revenues ($ Mil).
1228202212272025Change
Stock Price ($)4.327.1365.05%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)820.181367.5766.74%
P/S Multiple1.882.027.14%
Shares Outstanding (Mil)357.52386.96-8.24%
Cumulative Contribution63.93%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
LFST-9.5% 
Market (SPY)48.0%22.4%
Sector (XLV)17.9%22.7%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
LFST Return--57%-48%59%-6%-4%-68%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
LFST Win Rate-29%58%67%50%42% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
LFST Max Drawdown--64%-55%-11%-39%-49% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventLFSTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-85.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven570.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

LifeStance Health's stock fell -85.1% during the 2022 Inflation Shock from a high on 7/7/2021. A -85.1% loss requires a 570.1% gain to breakeven.

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About LifeStance Health (LFST)

LifeStance Health Group, Inc., through its subsidiaries, provides outpatient mental health services. The company offers patients a suite of mental health services, including psychiatric evaluations and treatment, psychological, and neuropsychological testing, as well as individual, family, and group therapy. It treats a range of mental health conditions, including anxiety, depression, bipolar disorder, eating disorders, psychotic disorders, and post-traumatic stress disorder. In addition, the company operates outpatient mental health platform as well as offers patients care virtually through its online delivery platform or in-person at its centers in 32 states. It serves children, adolescents, adults, and geriatrics. LifeStance Health Group, Inc. was founded in 2017 and is based in Scottsdale, Arizona.

AI Analysis | Feedback

  • Urgent care for mental health.
  • One Medical for mental wellness.
  • The LensCrafters of psychiatry and therapy.

AI Analysis | Feedback

  • Psychiatry and Medication Management: Provides psychiatric evaluations, diagnoses, and manages medication for a range of mental health conditions.
  • Psychotherapy and Counseling: Offers individual, group, and family therapy sessions with licensed therapists and counselors to address mental health challenges.
  • Transcranial Magnetic Stimulation (TMS): A non-invasive medical procedure used to stimulate nerve cells in the brain to improve symptoms of depression and other conditions.

AI Analysis | Feedback

LifeStance Health (symbol: LFST) primarily sells its mental health services directly to individuals.

The company serves the following categories of individual customers:

  1. Individuals seeking outpatient mental health treatment for various conditions: This includes patients experiencing a wide range of mental health issues such as depression, anxiety disorders, bipolar disorder, PTSD, ADHD, eating disorders, and more, who are seeking professional psychiatric and therapeutic care.
  2. Patients across different age groups: LifeStance Health provides services to children, adolescents, adults, and seniors, tailoring treatments to meet the specific developmental and psychological needs of each age demographic.
  3. Individuals seeking both in-person and virtual care modalities: The company caters to customers who prefer traditional in-person office visits as well as those who benefit from the flexibility and accessibility of telehealth (virtual) appointments for their mental health needs.

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David Bourdon, Chief Executive Officer

Dave Bourdon was appointed Chief Executive Officer of LifeStance Health effective March 3, 2025. He joined LifeStance Health in 2022 as Chief Financial Officer. Prior to his time at LifeStance, he served as CFO of Magellan Health, a leader in behavioral health and pharmacy management. Earlier, he held multiple roles at Cigna, including CFO of Cigna's U.S. and international healthcare business units. He began his career with the U.S. Coast Guard.

Ryan McGroarty, Chief Financial Officer

Ryan McGroarty was appointed Chief Financial Officer of LifeStance Health effective March 17, 2025. He brings over 25 years of healthcare experience, including 15 years in CFO roles. Previously, Mr. McGroarty served as CFO of Help at Home. Before that, he held multiple CFO positions at Cigna, most recently as Chief Financial Officer of Government Business.

Kenneth Burdick, Executive Chairman

Kenneth Burdick transitioned to Executive Chairman of LifeStance Health effective March 3, 2025, having previously served as CEO and Chairman since September 2022. His career in healthcare spans over 45 years, with significant executive and leadership roles. He served as Executive Vice President of Markets and Products at Centene Corporation and was CEO of WellCare Health Plans, Inc., which was acquired by Centene. He also held various positions at UnitedHealth Group, including CEO of UnitedHealthcare, and Cigna.

Felicia Gorcyca, Chief People Officer

Felicia Gorcyca joined LifeStance Health as its first Chief People Officer in March 2021. She has over 20 years of experience in human capital. Before LifeStance, she was an operations director at TPG Capital, a private equity firm that invests in LifeStance, where she collaborated with portfolio companies on leadership teams and boards. Her background also includes roles as Chief People Officer for Stack Sports and Global Head of People Operations for Solera Inc. She also worked as a consultant for Spencer Stuart, primarily focusing on healthcare services.

Vaughn Vance, Chief Technology Officer

As Chief Technology Officer at LifeStance Health, Vaughn Vance leads the organization's comprehensive technology strategy. He possesses over 25 years of experience in healthcare technology, specializing in digital transformation initiatives, enabling AI-powered insights, and streamlining digital tools to enhance care delivery.

AI Analysis | Feedback

LifeStance Health (LFST) faces several significant risks to its business operations and financial performance. The most prominent challenges revolve around its workforce, its relationships with payers, and its billing practices.

  1. Clinician Recruitment and Retention

    LifeStance Health consistently grapples with the critical issue of attracting and retaining qualified mental health clinicians. Despite efforts to expand its clinician base, the company has struggled with retention rates, which have been reported to be lower than company claims. This challenge is exacerbated by a competitive mental health sector and directly impacts LifeStance's capacity to deliver services and achieve growth. Difficulties in maintaining workforce stability can limit operational momentum and growth expectations.

  2. Reimbursement and Payer Relationship Challenges

    The company's revenue and profitability are significantly influenced by insurance reimbursement models and its relationships with third-party payers. There is a risk of reduced reimbursement rates and potential rate cuts, which can adversely affect revenue per visit and overall financial health. Complex and sometimes challenging relationships with insurance providers, along with evolving regulations around virtual healthcare delivery and a potential shift to value-based care models, present ongoing financial and operational uncertainties for LifeStance Health.

  3. Billing Practices and Litigation

    LifeStance Health has faced numerous complaints and lawsuits concerning its billing practices. These allegations include overbilling, fraudulent billing, and unfair business practices such as scheduling unrequested appointments to incur cancellation fees, adding unearned billing codes, and charging for services not rendered. Such issues have led to class-action lawsuits, legal settlements, and potential damage to the company's reputation, posing significant financial and operational risks. Additionally, former employees have alleged that payment arrangements sometimes require clinicians to repay salary advances if productivity targets are not met, potentially violating labor laws.

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There are two clear emerging threats for LifeStance Health (LFST):

  • Rapid Advancement and Adoption of Artificial Intelligence (AI) and Digital Therapeutics (DTx): The proliferation of AI-powered chatbots, virtual assistants, and FDA-approved digital therapeutics is creating alternative, often lower-cost and highly scalable, solutions for mental health support. These technologies can address lower-acuity conditions, provide interim support, or even augment traditional therapy, potentially reducing the demand for or frequency of in-person or telehealth sessions with human providers. This parallels the shift seen when Netflix offered a scalable, convenient alternative to Blockbuster's physical rentals, threatening their core business model.
  • Vertical Integration by Health Payers and Large Healthcare Systems: Major health insurance companies and large integrated healthcare systems are increasingly acquiring or building their own mental health provider networks. By integrating mental health services directly into their ecosystem, these entities can steer their beneficiaries towards in-house providers, optimize care coordination with primary and specialty medical care, and leverage their existing patient base and negotiation power. This threatens standalone providers like LifeStance Health by controlling patient flow, potentially limiting access to covered lives, and creating a more closed ecosystem, similar to how YouTube (owned by Google) could leverage its platform and user base to challenge traditional cable content providers.

AI Analysis | Feedback

LifeStance Health (LFST) operates within the U.S. behavioral health market, providing a range of outpatient mental healthcare services. These services include in-person and telehealth options for therapy, psychiatry, psychological testing, and medication management, catering to children, adolescents, and adults.

The addressable market for LifeStance Health's main products and services is the U.S. behavioral health market.

  • The U.S. behavioral health market size was valued at approximately $92.2 billion in 2024, and is projected to grow to $151.62 billion by 2034, exhibiting a Compound Annual Growth Rate (CAGR) of 5.1% from 2024 to 2034.
  • Another estimate indicates the U.S. behavioral health market size was $94.82 billion in 2025 and is anticipated to reach around $165.38 billion by 2034, with a CAGR of 6.40% during the forecast period from 2025 to 2034.
  • Additionally, the U.S. behavioral health market was valued at $87.82 billion in 2024 and is projected to grow to $132.46 billion by 2032, at a CAGR of 5.3%.

AI Analysis | Feedback

LifeStance Health (LFST) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Expansion of Clinician Base: LifeStance Health consistently identifies the growth in its network of mental health clinicians as a primary driver for increasing visit volumes and, consequently, revenue. The company added 285 net clinicians in the third quarter of 2024, bringing its total to 7,269, representing a 13% year-over-year growth. This expansion is expected to continue.
  2. Increased Visit Volumes and Clinician Productivity: Beyond simply adding clinicians, LifeStance focuses on enhancing the productivity of its existing clinician base, leading to higher visit volumes. In Q3 2024, visit volumes increased by 15% year-over-year to 2.0 million, driven by clinician growth and improved productivity. The company expects to maintain elevated productivity levels.
  3. Improvements in Revenue per Visit (Rate Improvements): LifeStance has seen improvements in its total revenue per visit, which contributes to overall revenue growth. The company anticipates low to mid-single-digit rate improvements as a driver for 2026 revenue growth.
  4. Strategic Expansion through New Centers and Potential Acquisitions: The company plans to open 20-25 new centers in 2025 as part of its organic expansion strategy. Additionally, LifeStance is considering potential mergers and acquisitions (M&A) opportunities to facilitate market growth, although these are not currently factored into its existing guidance.
  5. Leveraging Technology and AI Tools: LifeStance Health plans to invest in technology, digital, and AI tools to enhance operational efficiency, automate processes, improve accuracy, and support its clinicians. These advancements are expected to enable more efficient service delivery and facilitate continued margin expansion alongside sustainable growth.

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Share Repurchases

  • No significant share repurchases by LifeStance Health were identified in the provided period.

Share Issuance

  • LifeStance Health completed its Initial Public Offering (IPO) on June 10, 2021, selling 32.8 million shares and raising net proceeds of $558 million.
  • In May 2024, a secondary public offering of 20 million shares was priced at $6.25 per share, with all proceeds going to selling stockholders, not the company.
  • The number of shares outstanding has generally increased, from approximately 373.65 million in June 2021 to 389.08 million as of June 30, 2025.

Inbound Investments

  • In April 2020, private equity firm TPG acquired LifeStance for $1.2 billion in equity, joining existing investors Summit Partners and Silversmith Capital Partners.
  • Post-IPO in 2021, private equity owners TPG, Summit Partners, and Silversmith Capital Partners collectively retained a significant ownership stake, approximately 64%-66% of the company.

Outbound Investments

  • LifeStance's historical growth included nearly 100 acquisitions of behavioral health practices over the past six years (as of early 2024), completing its 50th acquisition in 2020.
  • Following its 2021 IPO, the company shifted away from an aggressive merger and acquisition (M&A) strategy to focus on organic growth and optimizing its clinic footprint.
  • The company anticipates a return to disciplined M&A in 2025 and 2026, targeting opportunities for geographic expansion and enhancing service offerings.

Capital Expenditures

  • Year-to-date through Q3 2025, capital expenditures amounted to $25 million.
  • Capital expenditures in the last 12 months (up to November 2025) were approximately $31.52 million.
  • The primary focus of capital expenditures includes selective deployment for new centers to support clinician and market growth, as well as strategic investments in infrastructure, technology, and system upgrades to enhance operational efficiency, such as unifying electronic health records and developing digital tools.

Better Bets than LifeStance Health (LFST)

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CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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21.4%21.4%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-7.4%-7.4%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
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SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.9%3.9%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.2%12.2%-5.1%

Recent Active Movers

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Peer Comparisons for LifeStance Health

Peers to compare with:

Financials

LFSTHPQHPEIBMCSCOAAPLMedian
NameLifeStan.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price7.1323.2624.49305.0978.16273.4051.32
Mkt Cap2.821.932.6284.9309.24,074.4158.8
Rev LTM1,36855,29534,29665,40257,696408,62556,496
Op Inc LTM73,6241,64411,54412,991130,2147,584
FCF LTM1192,80062711,85412,73396,1847,327
FCF 3Y Avg392,9781,40011,75313,879100,5037,366
CFO LTM1513,6972,91913,48313,744108,5658,590
CFO 3Y Avg723,6723,89613,49814,736111,5598,697

Growth & Margins

LFSTHPQHPEIBMCSCOAAPLMedian
NameLifeStan.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM13.4%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg18.6%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q16.3%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM3.9%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM0.5%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg-8.4%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM0.5%-0.2%-1.4%0.6%0.4%0.1%0.2%
CFO/Rev LTM11.0%6.7%8.5%20.6%23.8%26.6%15.8%
CFO/Rev 3Y Avg5.5%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM8.7%5.1%1.8%18.1%22.1%23.5%13.4%
FCF/Rev 3Y Avg2.6%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

LFSTHPQHPEIBMCSCOAAPLMedian
NameLifeStan.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap2.821.932.6284.9309.24,074.4158.8
P/S2.00.41.04.45.410.03.2
P/EBIT426.66.819.925.122.531.323.8
P/E-302.68.6572.736.029.941.033.0
P/CFO18.35.911.221.122.537.519.7
Total Yield-0.3%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg1.8%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.20.50.70.20.10.00.2
Net D/E0.10.30.60.20.00.00.1

Returns

LFSTHPQHPEIBMCSCOAAPLMedian
NameLifeStan.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn8.7%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn31.5%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn38.4%-4.0%34.5%6.6%15.2%36.3%24.9%
12M Rtn-4.8%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn65.0%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn5.1%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn27.2%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn26.2%-16.3%22.3%-5.7%3.0%24.0%12.6%
12M Excs Rtn-17.8%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-25.7%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Mental health services1,056860668
Total1,056860668


Price Behavior

Price Behavior
Market Price$7.13 
Market Cap ($ Bil)2.8 
First Trading Date06/10/2021 
Distance from 52W High-12.7% 
   50 Days200 Days
DMA Price$6.12$5.70
DMA Trenddownup
Distance from DMA16.5%25.1%
 3M1YR
Volatility67.1%52.6%
Downside Capture-58.9088.48
Upside Capture85.1369.59
Correlation (SPY)5.8%24.3%
LFST Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta-1.170.220.300.970.700.93
Up Beta1.891.671.841.470.751.00
Down Beta0.540.610.020.130.350.59
Up Capture56%51%57%111%65%100%
Bmk +ve Days13263974142427
Stock +ve Days10192854111363
Down Capture-379%-71%-30%131%102%103%
Bmk -ve Days7162452107323
Stock -ve Days9213264126360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
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Based On 5-Year Data
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Based On 10-Year Data
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Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity8,516,750
Short Interest: % Change Since 113020254.7%
Average Daily Volume2,064,120
Days-to-Cover Short Interest4.13
Basic Shares Quantity386,963,000
Short % of Basic Shares2.2%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/20250.6%1.0%3.7%
8/7/202513.2%44.6%45.3%
2/27/20250.6%1.8%-13.4%
11/7/2024-4.2%-5.9%-3.3%
8/8/2024-5.6%-1.5%17.5%
5/9/2024-3.7%3.5%-24.9%
2/28/2024-4.1%-16.9%-29.2%
11/8/2023-3.4%5.2%14.9%
...
SUMMARY STATS   
# Positive687
# Negative978
Median Positive2.9%5.9%17.5%
Median Negative-5.1%-16.9%-23.1%
Max Positive17.3%44.6%45.3%
Max Negative-46.5%-38.8%-29.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025807202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023809202310-Q 6/30/2023
3312023510202310-Q 3/31/2023
12312022309202310-K 12/31/2022
93020221109202210-Q 9/30/2022
6302022810202210-Q 6/30/2022
3312022511202210-Q 3/31/2022
12312021317202210-K 12/31/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Miller Lisa KSee Remarks11252025Sell6.4357,240368,0531,680,108Form