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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). 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 $199.5M, roughly 1.9× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs 3.1%, a 0.5% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -4.1%). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
LFST vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $199.5M |
| Net Profit | $11.7M | $7.1M |
| Gross Margin | — | — |
| Operating Margin | 4.7% | 7.7% |
| Net Margin | 3.1% | 3.6% |
| Revenue YoY | 17.4% | -4.1% |
| Net Profit YoY | 264.1% | -78.1% |
| EPS (diluted) | — | $1.05 |
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 | — | $199.5M | ||
| Q4 25 | $382.2M | $208.0M | ||
| Q3 25 | $363.8M | $216.4M | ||
| Q2 25 | $345.3M | $210.5M | ||
| Q1 25 | $333.0M | $217.9M | ||
| Q4 24 | $325.5M | $233.5M | ||
| Q3 24 | $312.7M | $227.0M | ||
| Q2 24 | $312.3M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $11.7M | $33.9M | ||
| Q3 25 | $1.1M | $31.3M | ||
| Q2 25 | $-3.8M | $42.7M | ||
| Q1 25 | $709.0K | $28.1M | ||
| Q4 24 | $-7.1M | $39.5M | ||
| Q3 24 | $-6.0M | $49.1M | ||
| Q2 24 | $-23.3M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 4.7% | 19.1% | ||
| Q3 25 | 2.0% | 21.7% | ||
| Q2 25 | -0.9% | 21.5% | ||
| Q1 25 | 0.5% | 16.8% | ||
| Q4 24 | 0.3% | 21.7% | ||
| Q3 24 | 0.0% | 24.3% | ||
| Q2 24 | -5.1% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | 3.1% | 16.3% | ||
| Q3 25 | 0.3% | 14.5% | ||
| Q2 25 | -1.1% | 20.3% | ||
| Q1 25 | 0.2% | 12.9% | ||
| Q4 24 | -2.2% | 16.9% | ||
| Q3 24 | -1.9% | 21.6% | ||
| Q2 24 | -7.5% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | — | $5.15 | ||
| Q3 25 | — | $4.65 | ||
| Q2 25 | — | $6.12 | ||
| Q1 25 | — | $4.05 | ||
| Q4 24 | — | $4.65 | ||
| Q3 24 | — | $5.71 | ||
| Q2 24 | — | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | $282.8M | — |
| Stockholders' EquityBook value | $1.5B | $93.6B |
| Total Assets | $2.2B | — |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $248.6M | — | ||
| Q3 25 | $203.9M | — | ||
| Q2 25 | $188.9M | — | ||
| Q1 25 | $134.3M | — | ||
| Q4 24 | $154.6M | — | ||
| Q3 24 | $102.6M | — | ||
| Q2 24 | $87.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $282.8M | $390.0M | ||
| Q3 25 | $284.6M | $390.6M | ||
| Q2 25 | $286.4M | $231.3M | ||
| Q1 25 | $288.2M | $231.7M | ||
| Q4 24 | $290.0M | $232.1M | ||
| Q3 24 | $287.3M | $237.5M | ||
| Q2 24 | $288.0M | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.5B | $934.0M | ||
| Q3 25 | $1.5B | $918.7M | ||
| Q2 25 | $1.5B | $896.4M | ||
| Q1 25 | $1.5B | $893.7M | ||
| Q4 24 | $1.4B | $897.5M | ||
| Q3 24 | $1.4B | $889.0M | ||
| Q2 24 | $1.4B | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $4.3B | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.1B | $4.0B | ||
| Q3 24 | $2.1B | $3.6B | ||
| Q2 24 | $2.1B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | 0.42× | ||
| Q3 25 | 0.19× | 0.43× | ||
| Q2 25 | 0.19× | 0.26× | ||
| Q1 25 | 0.20× | 0.26× | ||
| Q4 24 | 0.20× | 0.26× | ||
| Q3 24 | 0.20× | 0.27× | ||
| Q2 24 | 0.20× | 0.29× |
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 | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 4.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $-67.2M | ||
| Q3 25 | $27.3M | $108.3M | ||
| Q2 25 | $64.4M | $75.8M | ||
| Q1 25 | $-3.1M | $-3.8M | ||
| Q4 24 | $62.3M | $1.8M | ||
| Q3 24 | $22.7M | $69.1M | ||
| Q2 24 | $44.1M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $46.6M | $-74.1M | ||
| Q3 25 | $17.0M | $106.9M | ||
| Q2 25 | $56.6M | $74.2M | ||
| Q1 25 | $-10.3M | $-6.8M | ||
| Q4 24 | $56.0M | $-3.8M | ||
| Q3 24 | $17.7M | $68.7M | ||
| Q2 24 | $39.0M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | -35.6% | ||
| Q3 25 | 4.7% | 49.4% | ||
| Q2 25 | 16.4% | 35.2% | ||
| Q1 25 | -3.1% | -3.1% | ||
| Q4 24 | 17.2% | -1.6% | ||
| Q3 24 | 5.7% | 30.3% | ||
| Q2 24 | 12.5% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 3.3% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 2.2% | 0.7% | ||
| Q1 25 | 2.2% | 1.4% | ||
| Q4 24 | 1.9% | 2.4% | ||
| Q3 24 | 1.6% | 0.2% | ||
| Q2 24 | 1.6% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.93× | -1.99× | ||
| Q3 25 | 25.34× | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | -4.36× | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LFST
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
