v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of Goodwill

The following table summarizes changes in the carrying amount of goodwill:

 

 

Amount

 

Balance as of December 31, 2025

 

$

1,293,346

 

Business acquisitions (Note 7)

 

 

11,210

 

Balance as of June 30, 2026

 

$

1,304,556

 
Summary of Intangible Assets

Intangible assets consist of the following:

June 30, 2026

 

Gross
Carrying Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying Amount

 

 

Weighted
Average Useful
Life (Years)

 

Regional trade names

 

$

37,329

 

 

$

(36,622

)

 

$

707

 

 

 

4.0

 

LifeStance trade names

 

 

235,500

 

 

 

(64,191

)

 

 

171,309

 

 

 

22.5

 

Non-competition agreements

 

 

94,932

 

 

 

(94,143

)

 

 

789

 

 

 

4.2

 

Total intangible assets

 

$

367,761

 

 

$

(194,956

)

 

$

172,805

 

 

 

 

 

December 31, 2025

 

Gross
Carrying Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying Amount

 

 

Weighted
Average Useful
Life (Years)

 

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

 

 

 

 
Summary of Intangible Assets Amortization Expense

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:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Amortization expense

 

$

2,940

 

 

$

3,367

 

 

$

5,892

 

 

$

6,833