#51: Five points from Lifestance's Q1 Earnings

Hi friends,

Lifestance have an interesting story.

Started by Michael Lester in 2015, they have quickly become one of the biggest outpatient providers of mental health services in the US.

If you want the full story on how they did this, I wrote all about it last year.

Today, they are publicly traded, employ over 7,500 clinicians and will do well over $1B in revenue in 2025.

Last week, they announced their Q1 results. So, as always, I decided to dive in.

When listening to the earnings call and analysing the numbers, there were a few interesting things that stood out to me.

In today’s article, that’s exactly what I share with you.

I tell you what you need to know from Lifestance’s Q1 earnings and share the five things that stood out to me that are relevant to the broader industry.

Let’s get into it.

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