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Privia Health Group vs LifeStance Health Group: PRVA and LFST compared
Privia Health Group is the larger company: $657M of revenue in its latest quarter (Q3 2026) against $456M for LifeStance Health Group (Q3 2026). LifeStance Health Group is growing faster (+25% against +13% a year earlier). LifeStance Health Group is more profitable, with an operating margin of 7.3% against 3.1%.
Where the money goes: PRVA and LFST
Privia Health Group (PRVA) · Q3 2026
Privia Health Group, Q3 2026: revenue $657M (+13% year over year), operating margin 3.1%, net earnings $13.5M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
LifeStance Health Group (LFST) · Q3 2026
LifeStance Health Group, Q3 2026: revenue $456M (+25% year over year), operating margin 7.3%, net earnings $22.4M, operating cash flow $37.0M. The chart follows the revenue to costs, profit and cash.
| Privia Health Group (PRVA) | LifeStance Health Group (LFST) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $657M | $456M |
| Revenue growth, Y/Y | +13% | +25% |
| Operating margin | 3.1% | 7.3% |
| Net earnings | $13.5M | $22.4M |
| Net margin | 2.1% | 4.9% |
| Operating cash flow | $28.9M | $37.0M |
| Free cash flow | — | $22.4M |
| Market value | $3.2B | $5.4B |
| P/E | 83.9× | 74.9× |
| Analysts’ mean target | $31.29 | $15.90 |
Where the revenue comes from
Privia Health Group
- FFS-patient care: $433M (66%)
- Capitated revenue: $99.5M (15%)
- Shared savings: $68.8M (10%)
- FFS-administrative services: $34.7M (5%)
Questions
Which is bigger, Privia Health Group or LifeStance Health Group?
Privia Health Group is the larger company: $657M of revenue in its latest quarter (Q3 2026) against $456M for LifeStance Health Group (Q3 2026).
Is Privia Health Group or LifeStance Health Group growing faster?
LifeStance Health Group is growing faster (+25% against +13% a year earlier).
Which is more profitable, Privia Health Group or LifeStance Health Group?
LifeStance Health Group is more profitable, with an operating margin of 7.3% against 3.1%.
More: Privia Health Group earnings · how Privia Health Group makes money · LifeStance Health Group earnings · how LifeStance Health Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.