In the first quarter of 2025, LifeStance Health Group (NASDAQ: LFST) achieved significant financial milestones:
- Revenue: Increased by 11% year-over-year to $333 million, driven by higher visit volumes and improved revenue per visit.
- Net Income: Reported a net income of $0.7 million, marking the company’s first profitable quarter since going public.
- Adjusted EBITDA: Rose by 25% to $34.6 million, reflecting enhanced operational efficiency.
- Clinician Base: Expanded by 10% to 7,535, supporting increased service capacity.
These results indicate LifeStance’s effective execution of its growth strategy and its strengthening position in the outpatient mental healthcare sector.
Leadership Transition: Dave Bourdon Appointed CEO
Effective March 3, 2025, Dave Bourdon assumed the role of Chief Executive Officer, succeeding Ken Burdick, who transitioned to Executive Chairman. Bourdon, who joined LifeStance as Chief Financial Officer in 2022, brings over two decades of experience in healthcare and mental health industries, including leadership roles at Magellan Health and Cigna.
Additionally, Ryan McGroarty was appointed Chief Financial Officer, effective March 17, 2025. McGroarty has 25 years of healthcare experience, including 15 years in CFO roles at Cigna and Help at Home.
Survey Highlights: Social Media’s Impact on Mental Health
A recent survey by LifeStance Health reveals concerning trends regarding social media’s influence on mental health
- Self-Diagnosis: 29% of Americans have self-diagnosed mental health conditions based on social media content.
- Professional Consultation: Only 47% of those who self-diagnose consistently seek professional guidance.
- Misinformation: 54% of respondents encounter mental health misinformation on social media at least weekly.
- Generational Impact: Gen Z and millennials are more likely to self-diagnose and seek advice from social media platforms.
These findings underscore the need for accessible, evidence-based mental healthcare and highlight LifeStance’s role in providing professional support.
