LifeStance Health Group, Inc. Goodwill & Intangibles Disclosure
NOTE 6 GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill was $1,293,346 as of December 31, 2025 and 2024. There have been no changes to the goodwill carrying value during the periods.
Intangible Assets
Intangible assets consist of the following:
December 31, 2025 |
|
Gross |
|
|
Accumulated |
|
|
Net |
|
|
Weighted |
|
||||
Regional trade names |
|
$ |
36,694 |
|
|
$ |
(36,319 |
) |
|
$ |
375 |
|
|
|
4.0 |
|
LifeStance trade names |
|
|
235,500 |
|
|
|
(58,957 |
) |
|
|
176,543 |
|
|
|
22.5 |
|
Non-competition agreements |
|
|
94,535 |
|
|
|
(93,788 |
) |
|
|
747 |
|
|
|
4.2 |
|
Total intangible assets |
|
$ |
366,729 |
|
|
$ |
(189,064 |
) |
|
$ |
177,665 |
|
|
|
|
|
December 31, 2024 |
|
Gross |
|
|
Accumulated |
|
|
Net |
|
|
Weighted |
|
||||
Regional trade names |
|
$ |
36,694 |
|
|
$ |
(35,039 |
) |
|
$ |
1,655 |
|
|
|
4.0 |
|
LifeStance trade names |
|
|
235,500 |
|
|
|
(48,490 |
) |
|
|
187,010 |
|
|
|
22.5 |
|
Non-competition agreements |
|
|
94,535 |
|
|
|
(92,401 |
) |
|
|
2,134 |
|
|
|
4.2 |
|
Total intangible assets |
|
$ |
366,729 |
|
|
$ |
(175,930 |
) |
|
$ |
190,799 |
|
|
|
|
|
Gross carrying amount is based on the fair value of the intangible assets determined at the acquisition date. Total intangible asset amortization expense consists of the following:
|
|
Year Ended December 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Amortization expense |
|
$ |
13,134 |
|
|
$ |
30,273 |
|
|
$ |
43,065 |
|
The future amortization of intangible assets as of December 31, 2025 is as follows:
Year Ended December 31, |
|
Amount |
|
|
2026 |
|
$ |
11,385 |
|
2027 |
|
|
10,671 |
|
2028 |
|
|
10,467 |
|
2029 |
|
|
10,467 |
|
2030 |
|
|
10,467 |
|
Thereafter |
|
|
124,208 |
|
Total |
|
$ |
177,665 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Mar 9, 2023 | |
| 2021 | Mar 17, 2022 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.