Lifestance Health Group, Inc. ( (LFST) ) has released its Q4 earnings. Here is a breakdown of the information Lifestance Health Group, Inc. presented to its investors.
LifeStance Health Group, Inc. is a leading provider of outpatient mental healthcare services in the United States, offering both virtual and in-person care for a wide range of mental health conditions. The company operates across 33 states with more than 550 centers and employs approximately 7,400 clinicians.
LifeStance Health Group reported significant financial growth for the fourth quarter and full year of 2024, with a 16% increase in fourth-quarter revenue to $325.5 million and a 19% increase for the full year, reaching $1.251 billion. The company also saw a notable increase in its clinician base and visit volumes, contributing to these results.
Key financial metrics highlighted include a 62% rise in Adjusted EBITDA for the fourth quarter to $32.8 million and a 103% increase for the full year to $119.7 million. Despite a net loss of $7.1 million in the fourth quarter and $57.4 million for the year, the company generated strong free cash flow of $85.7 million for the year. The increase in revenue was primarily driven by higher visit volumes and improved revenue per visit.
Looking ahead, LifeStance Health Group projects continued growth in 2025, with expected revenue between $1.40 billion and $1.44 billion and Adjusted EBITDA ranging from $130 million to $150 million. The company aims to maintain its momentum by expanding access to affordable, high-quality mental healthcare services.
With a positive outlook for 2025, LifeStance Health Group is well-positioned to capitalize on its growth initiatives and continue delivering strong financial and operational performance, aligning with its mission to improve access to mental healthcare.
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