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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $382.2M, roughly 1.1× LifeStance Health Group, Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 3.1%, a 4.6% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $46.6M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% CAGR vs 10.7%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
LFST vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $430.0M |
| Net Profit | $11.7M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 4.7% | 8.6% |
| Net Margin | 3.1% | 7.6% |
| Revenue YoY | 17.4% | -9.6% |
| Net Profit YoY | 264.1% | — |
| EPS (diluted) | — | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $382.2M | $504.3M | ||
| Q3 25 | $363.8M | $381.4M | ||
| Q2 25 | $345.3M | $384.5M | ||
| Q1 25 | $333.0M | $475.6M | ||
| Q4 24 | $325.5M | $490.8M | ||
| Q3 24 | $312.7M | $325.1M | ||
| Q2 24 | $312.3M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $11.7M | $234.6M | ||
| Q3 25 | $1.1M | $43.4M | ||
| Q2 25 | $-3.8M | $30.1M | ||
| Q1 25 | $709.0K | $85.4M | ||
| Q4 24 | $-7.1M | $119.1M | ||
| Q3 24 | $-6.0M | $-14.4M | ||
| Q2 24 | $-23.3M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 4.7% | 20.7% | ||
| Q3 25 | 2.0% | 3.8% | ||
| Q2 25 | -0.9% | 4.5% | ||
| Q1 25 | 0.5% | 26.7% | ||
| Q4 24 | 0.3% | 29.1% | ||
| Q3 24 | 0.0% | -3.6% | ||
| Q2 24 | -5.1% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 3.1% | 46.5% | ||
| Q3 25 | 0.3% | 11.4% | ||
| Q2 25 | -1.1% | 7.8% | ||
| Q1 25 | 0.2% | 18.0% | ||
| Q4 24 | -2.2% | 24.3% | ||
| Q3 24 | -1.9% | -4.4% | ||
| Q2 24 | -7.5% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.17 | ||
| Q1 25 | — | $0.91 | ||
| Q4 24 | — | $1.35 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $248.6M | $270.0M |
| Total DebtLower is stronger | $282.8M | — |
| Stockholders' EquityBook value | $1.5B | $705.9M |
| Total Assets | $2.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $248.6M | $425.8M | ||
| Q3 25 | $203.9M | $351.4M | ||
| Q2 25 | $188.9M | $411.6M | ||
| Q1 25 | $134.3M | $371.7M | ||
| Q4 24 | $154.6M | $740.0M | ||
| Q3 24 | $102.6M | $703.0M | ||
| Q2 24 | $87.0M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $282.8M | — | ||
| Q3 25 | $284.6M | — | ||
| Q2 25 | $286.4M | — | ||
| Q1 25 | $288.2M | — | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $287.3M | — | ||
| Q2 24 | $288.0M | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $1.5B | $787.4M | ||
| Q3 25 | $1.5B | $596.8M | ||
| Q2 25 | $1.5B | $624.5M | ||
| Q1 25 | $1.5B | $611.3M | ||
| Q4 24 | $1.4B | $585.5M | ||
| Q3 24 | $1.4B | $473.0M | ||
| Q2 24 | $1.4B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.1B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 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 | $57.6M | — |
| Free Cash FlowOCF − Capex | $46.6M | $206.5M |
| FCF MarginFCF / Revenue | 12.2% | 48.0% |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 4.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $158.4M | ||
| Q3 25 | $27.3M | $56.3M | ||
| Q2 25 | $64.4M | $86.3M | ||
| Q1 25 | $-3.1M | $204.2M | ||
| Q4 24 | $62.3M | $95.2M | ||
| Q3 24 | $22.7M | $30.5M | ||
| Q2 24 | $44.1M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $46.6M | $152.4M | ||
| Q3 25 | $17.0M | $51.8M | ||
| Q2 25 | $56.6M | $84.1M | ||
| Q1 25 | $-10.3M | $202.3M | ||
| Q4 24 | $56.0M | $92.4M | ||
| Q3 24 | $17.7M | $27.4M | ||
| Q2 24 | $39.0M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 12.2% | 30.2% | ||
| Q3 25 | 4.7% | 13.6% | ||
| Q2 25 | 16.4% | 21.9% | ||
| Q1 25 | -3.1% | 42.5% | ||
| Q4 24 | 17.2% | 18.8% | ||
| Q3 24 | 5.7% | 8.4% | ||
| Q2 24 | 12.5% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 1.2% | ||
| Q3 25 | 2.8% | 1.2% | ||
| Q2 25 | 2.2% | 0.6% | ||
| Q1 25 | 2.2% | 0.4% | ||
| Q4 24 | 1.9% | 0.6% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 1.6% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.93× | 0.68× | ||
| Q3 25 | 25.34× | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | -4.36× | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LFST
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
