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LifeStance Health Group, Inc.（LFST）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
LifeStance Health Group, Inc.的季度营收约是Upstart Holdings, Inc.的1.3倍（$382.2M vs $296.1M），Upstart Holdings, Inc.净利率更高（6.3% vs 3.1%，领先3.2%），Upstart Holdings, Inc.同比增速更快（35.2% vs 17.4%），Upstart Holdings, Inc.自由现金流更多（$108.4M vs $46.6M），过去两年Upstart Holdings, Inc.的营收复合增速更高（52.2% vs 12.8%）
LifeStance Health Group是美国的门诊行为健康服务提供商，支持线下面诊与远程诊疗两种服务模式，业务涵盖心理咨询、精神科诊疗、经颅磁刺激（TMS）以及氯胺酮治疗等。该公司曾多次因劳动违规、客户信息泄露及误导投资者相关问题遭遇诉讼。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
LFST vs UPST — 直观对比
营收规模更大
LFST
是对方的1.3倍
$296.1M
营收增速更快
UPST
高出17.8%
17.4%
净利率更高
UPST
高出3.2%
3.1%
自由现金流更多
UPST
多$61.7M
$46.6M
两年增速更快
UPST
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $296.1M |
| 净利润 | $11.7M | $18.6M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | 6.4% |
| 净利率 | 3.1% | 6.3% |
| 营收同比 | 17.4% | 35.2% |
| 净利润同比 | 264.1% | 776.4% |
| 每股收益（稀释后） | — | $0.20 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LFSTUPST
| Q4 25 | $382.2M | $296.1M | ||
| Q3 25 | $363.8M | $277.1M | ||
| Q2 25 | $345.3M | $257.3M | ||
| Q1 25 | $333.0M | $213.4M | ||
| Q4 24 | $325.5M | $219.0M | ||
| Q3 24 | $312.7M | $162.1M | ||
| Q2 24 | $312.3M | $127.6M | ||
| Q1 24 | $300.4M | $127.8M |
净利润LFSTUPST
| Q4 25 | $11.7M | $18.6M | ||
| Q3 25 | $1.1M | $31.8M | ||
| Q2 25 | $-3.8M | $5.6M | ||
| Q1 25 | $709.0K | $-2.4M | ||
| Q4 24 | $-7.1M | $-2.8M | ||
| Q3 24 | $-6.0M | $-6.8M | ||
| Q2 24 | $-23.3M | $-54.5M | ||
| Q1 24 | $-21.1M | $-64.6M |
营业利润率LFSTUPST
| Q4 25 | 4.7% | 6.4% | ||
| Q3 25 | 2.0% | 8.5% | ||
| Q2 25 | -0.9% | 1.8% | ||
| Q1 25 | 0.5% | -2.1% | ||
| Q4 24 | 0.3% | -2.2% | ||
| Q3 24 | 0.0% | -27.8% | ||
| Q2 24 | -5.1% | -43.5% | ||
| Q1 24 | -5.6% | -52.8% |
净利率LFSTUPST
| Q4 25 | 3.1% | 6.3% | ||
| Q3 25 | 0.3% | 11.5% | ||
| Q2 25 | -1.1% | 2.2% | ||
| Q1 25 | 0.2% | -1.1% | ||
| Q4 24 | -2.2% | -1.3% | ||
| Q3 24 | -1.9% | -4.2% | ||
| Q2 24 | -7.5% | -42.7% | ||
| Q1 24 | -7.0% | -50.5% |
每股收益（稀释后）LFSTUPST
| Q4 25 | — | $0.20 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $-0.07 | ||
| Q2 24 | — | $-0.62 | ||
| Q1 24 | — | $-0.74 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $248.6M | $652.4M |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $798.8M |
| 总资产 | $2.2B | $3.0B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资LFSTUPST
| Q4 25 | $248.6M | $652.4M | ||
| Q3 25 | $203.9M | $489.8M | ||
| Q2 25 | $188.9M | $395.9M | ||
| Q1 25 | $134.3M | $599.8M | ||
| Q4 24 | $154.6M | $788.4M | ||
| Q3 24 | $102.6M | — | ||
| Q2 24 | $87.0M | — | ||
| Q1 24 | $49.5M | — |
总债务LFSTUPST
| 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 | — |
股东权益LFSTUPST
| Q4 25 | $1.5B | $798.8M | ||
| Q3 25 | $1.5B | $743.7M | ||
| Q2 25 | $1.5B | $722.0M | ||
| Q1 25 | $1.5B | $676.6M | ||
| Q4 24 | $1.4B | $633.2M | ||
| Q3 24 | $1.4B | $595.5M | ||
| Q2 24 | $1.4B | $594.7M | ||
| Q1 24 | $1.4B | $612.8M |
总资产LFSTUPST
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.1B | $2.9B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.1B | $1.8B | ||
| Q1 24 | $2.1B | $1.9B |
负债/权益比LFSTUPST
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $57.6M | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $108.4M |
| 自由现金流率自由现金流/营收 | 12.2% | 36.6% |
| 资本支出强度资本支出/营收 | 2.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 4.93× | 5.82× |
| 过去12个月自由现金流最近4个季度 | $110.0M | — |
8季度趋势，按日历期对齐
经营现金流LFSTUPST
| Q4 25 | $57.6M | $108.6M | ||
| Q3 25 | $27.3M | $-122.6M | ||
| Q2 25 | $64.4M | $-120.2M | ||
| Q1 25 | $-3.1M | $-13.5M | ||
| Q4 24 | $62.3M | $-110.9M | ||
| Q3 24 | $22.7M | $179.3M | ||
| Q2 24 | $44.1M | $65.3M | ||
| Q1 24 | $-21.8M | $52.6M |
自由现金流LFSTUPST
| Q4 25 | $46.6M | $108.4M | ||
| Q3 25 | $17.0M | $-122.7M | ||
| Q2 25 | $56.6M | $-120.3M | ||
| Q1 25 | $-10.3M | — | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $17.7M | $179.2M | ||
| Q2 24 | $39.0M | $65.3M | ||
| Q1 24 | $-26.9M | $51.9M |
自由现金流率LFSTUPST
| Q4 25 | 12.2% | 36.6% | ||
| Q3 25 | 4.7% | -44.3% | ||
| Q2 25 | 16.4% | -46.7% | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 5.7% | 110.5% | ||
| Q2 24 | 12.5% | 51.1% | ||
| Q1 24 | -9.0% | 40.6% |
资本支出强度LFSTUPST
| Q4 25 | 2.9% | 0.1% | ||
| Q3 25 | 2.8% | 0.0% | ||
| Q2 25 | 2.2% | 0.0% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | 1.9% | 0.0% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.6% | 0.0% | ||
| Q1 24 | 1.7% | 0.5% |
现金转化率LFSTUPST
| Q4 25 | 4.93× | 5.82× | ||
| Q3 25 | 25.34× | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | -4.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LFST
暂无分部数据
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
