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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and Perion Network Ltd. (PERI). 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 $368.7M, roughly 1.0× Perion Network Ltd.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs 2.1%, a 1.0% gap on every dollar of revenue. LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 12.8%).
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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
LFST vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $368.7M |
| Net Profit | $11.7M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | 4.7% | 2.0% |
| Net Margin | 3.1% | 2.1% |
| Revenue YoY | 17.4% | — |
| Net Profit YoY | 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 | $382.2M | — | ||
| Q3 25 | $363.8M | $368.7M | ||
| Q2 25 | $345.3M | $266.5M | ||
| Q1 25 | $333.0M | $157.8M | ||
| Q4 24 | $325.5M | — | ||
| Q3 24 | $312.7M | $508.9M | ||
| Q2 24 | $312.3M | $323.6M | ||
| Q1 24 | $300.4M | $145.2M |
| Q4 25 | $11.7M | — | ||
| Q3 25 | $1.1M | $7.7M | ||
| Q2 25 | $-3.8M | $5.6M | ||
| Q1 25 | $709.0K | $11.8M | ||
| Q4 24 | $-7.1M | — | ||
| Q3 24 | $-6.0M | $78.0M | ||
| Q2 24 | $-23.3M | $45.2M | ||
| Q1 24 | $-21.1M | $23.8M |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 2.0% | 2.0% | ||
| Q2 25 | -0.9% | -1.7% | ||
| Q1 25 | 0.5% | 5.4% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.0% | 15.1% | ||
| Q2 24 | -5.1% | 13.7% | ||
| Q1 24 | -5.6% | 16.9% |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 0.3% | 2.1% | ||
| Q2 25 | -1.1% | 2.1% | ||
| Q1 25 | 0.2% | 7.5% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -1.9% | 15.3% | ||
| Q2 24 | -7.5% | 14.0% | ||
| Q1 24 | -7.0% | 16.4% |
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 | $156.2M |
| Total DebtLower is stronger | $282.8M | — |
| Stockholders' EquityBook value | $1.5B | $722.9M |
| Total Assets | $2.2B | $915.5M |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $248.6M | — | ||
| Q3 25 | $203.9M | $156.2M | ||
| Q2 25 | $188.9M | $156.2M | ||
| Q1 25 | $134.3M | $156.2M | ||
| Q4 24 | $154.6M | — | ||
| Q3 24 | $102.6M | $187.6M | ||
| Q2 24 | $87.0M | $187.6M | ||
| Q1 24 | $49.5M | $187.6M |
| 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 24 | $288.8M | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $722.9M | ||
| Q2 25 | $1.5B | $722.9M | ||
| Q1 25 | $1.5B | $722.9M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $718.1M | ||
| Q2 24 | $1.4B | $718.1M | ||
| Q1 24 | $1.4B | $718.1M |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $915.5M | ||
| Q2 25 | $2.1B | $915.5M | ||
| Q1 25 | $2.1B | $915.5M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
| 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× | — | ||
| Q1 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 | $2.6M |
| Free Cash FlowOCF − Capex | $46.6M | $-2.9M |
| FCF MarginFCF / Revenue | 12.2% | -0.8% |
| Capex IntensityCapex / Revenue | 2.9% | 1.5% |
| Cash ConversionOCF / Net Profit | 4.93× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.6M | — | ||
| Q3 25 | $27.3M | $2.6M | ||
| Q2 25 | $64.4M | — | ||
| Q1 25 | $-3.1M | — | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $22.7M | $105.2M | ||
| Q2 24 | $44.1M | — | ||
| Q1 24 | $-21.8M | $17.8M |
| Q4 25 | $46.6M | — | ||
| Q3 25 | $17.0M | $-2.9M | ||
| Q2 25 | $56.6M | — | ||
| Q1 25 | $-10.3M | — | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $17.7M | $104.7M | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $-26.9M | $17.6M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 4.7% | -0.8% | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 5.7% | 20.6% | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | -9.0% | 12.2% |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.8% | 1.5% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.7% | 0.1% |
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | 0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LFST
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
