Income Taxes

6 Months Ended

Jun. 30, 2025

NOTE 10 INCOME TAXES

The (benefit) provision for income taxes is as follows:


	Three Months Ended June 30,					Six Months Ended June 30,
	2025			2024		2025			2024
(Benefit) provision for income taxes	$	(2,151	)	$	656	$	(4,330	)	$	1,019

The effective tax rates are as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Effective tax rate		36.2	%		(2.9	)%		58.4	%		(2.3	)%

The difference between the Company’s effective tax rate and the U.S. statutory tax rate of 21% was primarily the result of non-deductible equity awards. The Company regularly evaluates the realizability of its deferred tax assets and establishes a valuation allowance if it is more likely than not that some or all the deferred tax assets will not be realized.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the U.S. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company is currently assessing the impact on its consolidated financial statements.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

LifeStance Health Group, Inc. 10-Q