LifeStance Health reported a 21% year-over-year increase in first-quarter revenue, driven by higher patient volumes across its virtual and in-person mental health service lines.

The company achieved significant profitability improvements, with operating margins expanding sharply due to cost efficiencies and economies of scale.

Shares of LifeStance Health surged 20% in a single session, reflecting strong investor enthusiasm for the robust top-line growth and margin expansion.