LifeStance Health Group, Inc. (LFST) · Nov 4, 2026 · Earnings

LifeStance earnings beat as EBITDA surges and guidance rises

Beat — Revenue $455.9M vs ~$431.6M consensus; diluted EPS $0.06 vs ~$0.037 consensus

LifeStance’s Q3 earnings beat revenue expectations, expanded margins, and prompted another full-year guidance increase as clinician growth stayed strong.

LifeStance is scaling a national hybrid outpatient mental-health platform through clinician recruitment, new centers, and selective tuck-in acquisitions. After Q2 already showed 26% revenue growth, 11% clinician growth, and a full-year outlook increase, the company entered Q3 with expectations for continued expansion rather than a turnaround surprise.

The quarter beat the market’s operating expectations by a wide margin. Revenue reached $455.9 million, versus published consensus of roughly $431.6 million, while diluted EPS was $0.06 versus roughly $0.037 expected. The revenue result also came in above the company’s prior Q3 guidance range of $420 million to $440 million, making this more than a routine in-line quarter.

	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Financial Highlights)	$455.9M (+25%)	$363.8M	~$431.6M consensus
Diluted EPS (Quarterly Statements of Operations)	$0.06	$0.00	~$0.037 consensus
Adjusted EBITDA (Q3 2026 Highlights)	$68.4M (+70%)	$40.2M	$49M–$59M prior guide
Adjusted EBITDA margin (Q3 2026 Highlights)	15.0%	11.1%	—
Center Margin (Q3 2026 Highlights)	$161.4M (+38%)	$116.6M	$140M–$152M prior guide

The most important improvement was profitability, not just volume. Adjusted EBITDA of $68.4 million exceeded the top of the prior Q3 range by $9.4 million, while margin expanded to 15.0% from 11.1% a year earlier. That indicates the platform is converting clinician and visit growth into operating leverage rather than merely buying revenue.

The underlying growth engine remained intact. LifeStance added 321 net clinicians in Q3, taking the total to 8,863, while visits rose 17% year over year. Revenue per visit also continued its sequential climb to $169.7, suggesting the quarter’s growth reflected both greater capacity and better monetization. 〔0〕

Management raised the full-year bar again, reinforcing that the beat was not treated as a one-quarter outlier. Full-year revenue guidance moved to $1.741 billion–$1.761 billion from $1.685 billion–$1.725 billion, while Adjusted EBITDA guidance rose to $242 million–$250 million from $215 million–$235 million. The EBITDA revision is especially meaningful because the new low end is above the prior high end, implying a material upgrade to the profitability trajectory rather than simple conservatism around revenue.

Cash generation supports the expansion plan, though capital deployment is becoming more active. Operating cash flow reached $170.0 million through nine months, versus $88.6 million a year earlier, and the company opened eight centers and completed one tuck-in acquisition in Q3. Cash ended at $218.8 million against $255.5 million of long-term debt, while year-to-date share repurchases totaled $122.4 million. 〔1〕〔2〕

Bottom line: This was a genuine execution upgrade: LifeStance beat both outside expectations and its own operating ranges, with margin expansion doing as much work as revenue growth. The higher full-year outlook strengthens the company’s scaling-and-profitability story, making this materially more than a routine strong quarter.

What to watch next

Q4 earnings report and 2027 outlook

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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LifeStance earnings beat as EBITDA surges and guidance rises

What to watch next

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