LifeStance Health’s Q2 results surpassed expectations, driving a 4.5% stock increase as revenue growth, clinician productivity, and margin expansion outpaced projections.
- Revenue grew 26% year-over-year to $435 million, led by 19% higher visit volumes and a 6% rise in revenue per visit.
- Clinician base increased 11% to 8,542, with visits per clinician up 7%, sustaining strong productivity gains.
- Adjusted EBITDA nearly doubled, rising 94% to $66 million, lifting EBITDA margin by over 500 basis points to 15.2%.
- Center Margin improved 41% to $153 million, reaching 35.2% of revenue, driven primarily by revenue strength.
- Free cash flow of $88 million reflects solid collections and favorable payroll timing, supporting a healthy balance sheet with $226 million in cash.
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