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Side-by-side financial comparison of loanDepot, Inc. (LDI) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $310.3M, roughly 1.2× loanDepot, Inc.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -7.2%, a 10.3% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 17.4%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 12.8%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
LDI vs LFST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $382.2M |
| Net Profit | $-22.5M | $11.7M |
| Gross Margin | — | — |
| Operating Margin | -10.3% | 4.7% |
| Net Margin | -7.2% | 3.1% |
| Revenue YoY | 20.5% | 17.4% |
| Net Profit YoY | 32.4% | 264.1% |
| EPS (diluted) | — | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $310.3M | $382.2M | ||
| Q3 25 | $323.3M | $363.8M | ||
| Q2 25 | $282.5M | $345.3M | ||
| Q1 25 | $273.6M | $333.0M | ||
| Q4 24 | $257.5M | $325.5M | ||
| Q3 24 | $314.6M | $312.7M | ||
| Q2 24 | $265.4M | $312.3M | ||
| Q1 24 | $222.8M | $300.4M |
| Q4 25 | $-22.5M | $11.7M | ||
| Q3 25 | $-4.9M | $1.1M | ||
| Q2 25 | $-13.4M | $-3.8M | ||
| Q1 25 | $-21.9M | $709.0K | ||
| Q4 24 | $-33.2M | $-7.1M | ||
| Q3 24 | $1.4M | $-6.0M | ||
| Q2 24 | $-32.2M | $-23.3M | ||
| Q1 24 | $-34.3M | $-21.1M |
| Q4 25 | -10.3% | 4.7% | ||
| Q3 25 | -3.2% | 2.0% | ||
| Q2 25 | -11.4% | -0.9% | ||
| Q1 25 | -16.8% | 0.5% | ||
| Q4 24 | -32.7% | 0.3% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | -29.1% | -5.1% | ||
| Q1 24 | -38.2% | -5.6% |
| Q4 25 | -7.2% | 3.1% | ||
| Q3 25 | -1.5% | 0.3% | ||
| Q2 25 | -4.7% | -1.1% | ||
| Q1 25 | -8.0% | 0.2% | ||
| Q4 24 | -12.9% | -2.2% | ||
| Q3 24 | 0.4% | -1.9% | ||
| Q2 24 | -12.1% | -7.5% | ||
| Q1 24 | -15.4% | -7.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | $-0.19 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $337.2M | $248.6M |
| Total DebtLower is stronger | $2.1B | $282.8M |
| Stockholders' EquityBook value | $386.0M | $1.5B |
| Total Assets | $6.9B | $2.2B |
| Debt / EquityLower = less leverage | 5.44× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.2M | $248.6M | ||
| Q3 25 | $459.2M | $203.9M | ||
| Q2 25 | $408.6M | $188.9M | ||
| Q1 25 | $371.5M | $134.3M | ||
| Q4 24 | $421.6M | $154.6M | ||
| Q3 24 | $483.0M | $102.6M | ||
| Q2 24 | $533.2M | $87.0M | ||
| Q1 24 | $603.7M | $49.5M |
| Q4 25 | $2.1B | $282.8M | ||
| Q3 25 | $2.1B | $284.6M | ||
| Q2 25 | $2.1B | $286.4M | ||
| Q1 25 | $2.0B | $288.2M | ||
| Q4 24 | $2.0B | $290.0M | ||
| Q3 24 | $2.0B | $287.3M | ||
| Q2 24 | $2.0B | $288.0M | ||
| Q1 24 | $2.3B | $288.8M |
| Q4 25 | $386.0M | $1.5B | ||
| Q3 25 | $433.3M | $1.5B | ||
| Q2 25 | $439.1M | $1.5B | ||
| Q1 25 | $469.3M | $1.5B | ||
| Q4 24 | $506.6M | $1.4B | ||
| Q3 24 | $592.0M | $1.4B | ||
| Q2 24 | $578.9M | $1.4B | ||
| Q1 24 | $637.3M | $1.4B |
| Q4 25 | $6.9B | $2.2B | ||
| Q3 25 | $6.2B | $2.1B | ||
| Q2 25 | $6.2B | $2.1B | ||
| Q1 25 | $6.4B | $2.1B | ||
| Q4 24 | $6.3B | $2.1B | ||
| Q3 24 | $6.4B | $2.1B | ||
| Q2 24 | $5.9B | $2.1B | ||
| Q1 24 | $6.2B | $2.1B |
| Q4 25 | 5.44× | 0.19× | ||
| Q3 25 | 4.83× | 0.19× | ||
| Q2 25 | 4.70× | 0.19× | ||
| Q1 25 | 4.30× | 0.20× | ||
| Q4 24 | 4.00× | 0.20× | ||
| Q3 24 | 3.31× | 0.20× | ||
| Q2 24 | 3.41× | 0.20× | ||
| Q1 24 | 3.63× | 0.20× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-638.7M | $57.6M |
| Free Cash FlowOCF − Capex | $-648.0M | $46.6M |
| FCF MarginFCF / Revenue | -208.9% | 12.2% |
| Capex IntensityCapex / Revenue | 3.0% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-638.7M | $57.6M | ||
| Q3 25 | $43.4M | $27.3M | ||
| Q2 25 | $67.6M | $64.4M | ||
| Q1 25 | $-179.9M | $-3.1M | ||
| Q4 24 | $47.7M | $62.3M | ||
| Q3 24 | $-349.2M | $22.7M | ||
| Q2 24 | $-278.3M | $44.1M | ||
| Q1 24 | $-278.5M | $-21.8M |
| Q4 25 | $-648.0M | $46.6M | ||
| Q3 25 | $38.7M | $17.0M | ||
| Q2 25 | $61.4M | $56.6M | ||
| Q1 25 | $-186.7M | $-10.3M | ||
| Q4 24 | $40.8M | $56.0M | ||
| Q3 24 | $-356.4M | $17.7M | ||
| Q2 24 | $-285.7M | $39.0M | ||
| Q1 24 | $-283.3M | $-26.9M |
| Q4 25 | -208.9% | 12.2% | ||
| Q3 25 | 12.0% | 4.7% | ||
| Q2 25 | 21.7% | 16.4% | ||
| Q1 25 | -68.2% | -3.1% | ||
| Q4 24 | 15.8% | 17.2% | ||
| Q3 24 | -113.3% | 5.7% | ||
| Q2 24 | -107.7% | 12.5% | ||
| Q1 24 | -127.2% | -9.0% |
| Q4 25 | 3.0% | 2.9% | ||
| Q3 25 | 1.5% | 2.8% | ||
| Q2 25 | 2.2% | 2.2% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q4 24 | 2.7% | 1.9% | ||
| Q3 24 | 2.3% | 1.6% | ||
| Q2 24 | 2.8% | 1.6% | ||
| Q1 24 | 2.1% | 1.7% |
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
