LifeStance Health Group, Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2021 | — | -42.9% | -46.0% |
| FY2022 | — | -24.5% | -25.1% |
| FY2023 | — | -17.9% | -17.6% |
| FY2024 | — | -2.5% | -4.6% |
| FY2025 | — | 1.7% | 0.7% |
Mimicking the herd invites regression to the mean (merely average performance).