Strong Financial Performance
LifeStance Health reported a 19% revenue growth to $1.25 billion for the full year 2024, with adjusted EBITDA up 103% to $120 million, representing a 9.6% margin.
Operational and Clinical Achievements
LifeStance provided nearly 8 million visits to 1 million patients with a team of over 7,400 clinicians. The company received a patient Net Promoter Score of 85 and an average Google review score of 4.6 out of 5 stars.
Positive Cash Flow and Debt Refinancing
LifeStance generated $86 million in positive free cash flow, a significant achievement ahead of expectations. They also refinanced existing debt with favorable terms, reducing the credit spread to 2.25%.
Leadership Transition
Dave Bourdon will succeed Ken Burdick as CEO, with Ken transitioning to Executive Chairman. Ryan McGroarty has been appointed as the new CFO.