LifeStance Health Group, Inc. (LFST)

Nasdaq · Common Stock · Services-Health Services

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

29 entities across 11 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-25 — see the exhibit.

Which other public companies file entities in the same places:

Delaware18 Georgia2 Oklahoma1 Arizona1 Florida1 New York1 Virginia1 Ohio1 New Hampshire1 Utah1 Illinois1

Subsidiaries of LifeStance Health Group, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
LifeStance TopCo, L.P.	Delaware
LifeStance Ultimate Holdings, Inc.	Delaware
Lynnwood Intermediate Holdings, Inc.	Delaware
LifeStance Health Holdings, Inc.	Delaware
LifeStance Health, Inc.	Delaware
Balance Women's Health, LLC	Oklahoma
LifeStance Health – Arizona, LLC	Arizona
Orlando Behavioral Healthcare Corporation	Florida
Carmel Psych Management Services, LLC	New York
Commonwealth Counseling Associates, Inc.	Virginia
Behavioral Health Practice Services, LLC	Delaware
Psychological & Behavioral Consultants, LLC	Ohio
Personal Recovery Network, LLC	Georgia
Anxiety and Stress Management Institute, LLC	Georgia
The Counseling Center of Nashua, Inc.	New Hampshire
LHM MASS, Inc.	Delaware
Ascendant Behavioral Health, LLC	Utah
LifeStance Health – Wyoming, LLC	Delaware
LifeStance Health – Vermont, LLC	Delaware
LifeStance Health – New Mexico, LLC	Delaware
LifeStance Health – Nebraska, LLC	Delaware
LifeStance Health – Montana, LLC	Delaware
LifeStance Health – Mississippi, LLC	Delaware
LifeStance Health – Louisiana, LLC	Delaware
LifeStance Health – Hawaii, LLC	Delaware
LifeStance Health – Alabama, LLC	Delaware
LifeStance Health – Alaska, LLC	Delaware
LifeStance Health Management Massachusetts, LLC	Delaware
Portrait Health Properties, Inc.	Illinois

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 0.4%
PASSOperating cash flow positiveOCF 146M
PASSReturn on assets improving-2.7% → 0.4%
PASSCash flow exceeds earningsOCF 146M vs NI 10M
PASSLong-term debt ratio falling13.2% → 12.1% of assets
PASSCurrent ratio improving1.37 → 1.65
FAILNo share dilution379M → 391M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.59× → 0.65×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	—	—	—	—	—
FY2021	$667.5M	−$307.2M	−$85.1M	—	327,523
FY2022	$859.5M	−$215.6M	−$26.5M	—	355,278
FY2023	$1.1B	−$186.3M	−$57.4M	—	367,457
FY2024	$1.3B	−$57.4M	$85.7M	—	379,147,000
FY2025	$1.4B	$9.7M	$110.0M	—	391,136,000

Ownership flow

13 institutions tracked — 7 added, 5 reduced, 1 opened a new position. Index money added 23,215,857 shares while active managers cut 390,109.

Institutional holders of LifeStance Health Group, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	36,348,507	+18,213,556	$389.3M
STATE STREET CORP	Index	8,228,351	+4,134,857	$88.1M
CITADEL ADVISORS LLC	Hedge fund	560,592	−3,302,334	$6.0M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	2,769,327	+2,619,678	$29.7M
MORGAN STANLEY	Active fund	5,021,527	+1,580,301	$53.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	5,592,598	+867,444	$59.9M
Point72 Asset Management, L.P.	Hedge fund	65,658	−677,089	$703,197
BANK OF AMERICA CORP /DE/	Active fund	1,399,353	−594,674	$15.0M
FMR LLC	Active fund	58,252,466	−433,014	$623.9M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	1,246,540	+257,567	$13.4M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	960,010	+159,510	$10.3M
JPMORGAN CHASE & CO	Active fund	157,962	−54	$1.7M

WELLINGTON MANAGEMENT GROUP LLP holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q1: $49.1M
2025Q1: $0

Identity

CIK: 0001845257
LEI: 549300I1AHR8KMMFIS52
FIGI: BBG01138DGZ7
SIC: 8000 · Services-Health Services
Incorporated: DE
Headquarters: SCOTTSDALE, AZ

Ownership

Institutional: 91.1%
Institutions: 403
Insiders: 3.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-health services companies

LifeStance Health Group, Inc. files under SIC 8000 — all 6 services-health services companies compared on assets and F-score.

U S PHYSICAL THERAPY INC /NVUSPH Pennant Group, Inc.PNTG InnovAge Holding Corp.INNV DocGo Inc.DCGO Longduoduo Co LtdLDDD

Questions about LifeStance Health Group, Inc.

How many subsidiaries does LifeStance Health Group, Inc. file with the SEC?: 29, listed in its most recent exhibit 21. They are incorporated across 11 jurisdictions, led by Delaware, Oklahoma, Arizona. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is LifeStance Health Group, Inc. financially healthy?: LifeStance Health Group, Inc. scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of LifeStance Health Group, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are FMR LLC (trimming), BlackRock, Inc. (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

29 entities across 11 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-25 — see the exhibit.

Entity

Jurisdiction

Note

LifeStance TopCo, L.P.

Delaware

LifeStance Ultimate Holdings, Inc.

Delaware

Lynnwood Intermediate Holdings, Inc.

Delaware

LifeStance Health Holdings, Inc.

Delaware

LifeStance Health, Inc.

Delaware

Balance Women's Health, LLC

Oklahoma

LifeStance Health – Arizona, LLC

Arizona

Orlando Behavioral Healthcare Corporation

Florida

Carmel Psych Management Services, LLC

New York

Commonwealth Counseling Associates, Inc.

Virginia

Behavioral Health Practice Services, LLC

Delaware

Psychological & Behavioral Consultants, LLC

Ohio

Personal Recovery Network, LLC

Georgia

Anxiety and Stress Management Institute, LLC

Georgia

The Counseling Center of Nashua, Inc.

New Hampshire

LHM MASS, Inc.

Delaware

Ascendant Behavioral Health, LLC

Utah

LifeStance Health – Wyoming, LLC

Delaware

LifeStance Health – Vermont, LLC

Delaware

LifeStance Health – New Mexico, LLC

Delaware

LifeStance Health – Nebraska, LLC

Delaware

LifeStance Health – Montana, LLC

Delaware

LifeStance Health – Mississippi, LLC

Delaware

LifeStance Health – Louisiana, LLC

Delaware

LifeStance Health – Hawaii, LLC

Delaware

LifeStance Health – Alabama, LLC

Delaware

LifeStance Health – Alaska, LLC

Delaware

LifeStance Health Management Massachusetts, LLC

Delaware

Portrait Health Properties, Inc.

Illinois

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 0.4%
PASSOperating cash flow positiveOCF 146M
PASSReturn on assets improving-2.7% → 0.4%
PASSCash flow exceeds earningsOCF 146M vs NI 10M
PASSLong-term debt ratio falling13.2% → 12.1% of assets
PASSCurrent ratio improving1.37 → 1.65
FAILNo share dilution379M → 391M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving0.59× → 0.65×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

—

FY2021

$667.5M

−$307.2M

−$85.1M

—

327,523

FY2022

$859.5M

−$215.6M

−$26.5M

—

355,278

FY2023

$1.1B

−$186.3M

−$57.4M

—

367,457

FY2024

$1.3B

−$57.4M

$85.7M

—

379,147,000

FY2025

$1.4B

$9.7M

$110.0M

—

391,136,000

Ownership flow

13 institutions tracked — 7 added, 5 reduced, 1 opened a new position. Index money added 23,215,857 shares while active managers cut 390,109.

Institutional holders of LifeStance Health Group, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	36,348,507	+18,213,556	$389.3M
STATE STREET CORP	Index	8,228,351	+4,134,857	$88.1M
CITADEL ADVISORS LLC	Hedge fund	560,592	−3,302,334	$6.0M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	2,769,327	+2,619,678	$29.7M
MORGAN STANLEY	Active fund	5,021,527	+1,580,301	$53.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	5,592,598	+867,444	$59.9M
Point72 Asset Management, L.P.	Hedge fund	65,658	−677,089	$703,197
BANK OF AMERICA CORP /DE/	Active fund	1,399,353	−594,674	$15.0M
FMR LLC	Active fund	58,252,466	−433,014	$623.9M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	1,246,540	+257,567	$13.4M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	960,010	+159,510	$10.3M
JPMORGAN CHASE & CO	Active fund	157,962	−54	$1.7M

WELLINGTON MANAGEMENT GROUP LLP holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

Questions about LifeStance Health Group, Inc.

How many subsidiaries does LifeStance Health Group, Inc. file with the SEC?

29, listed in its most recent exhibit 21. They are incorporated across 11 jurisdictions, led by Delaware, Oklahoma, Arizona. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is LifeStance Health Group, Inc. financially healthy?

LifeStance Health Group, Inc. scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of LifeStance Health Group, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are FMR LLC (trimming), BlackRock, Inc. (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.