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LifeStance Health Group, Inc. (LFST): material weakness open 1,947 days

By , Ctrl Worx™. Built from its own SEC filings. How the Clock works.

LifeStance Health Group, Inc. reported ineffective internal control over financial reporting because of a material weakness in 4 filings since Mar 9, 2023. It stated one or more material weaknesses in 17 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2026.

Ctrl Worx Watch List™ status

On the Clock
5.3 yearsopen since Jun 30, 2021
10-Q, Aug 6, 2026latest filing that reports the weakness. Read it on SEC EDGAR
#360 of 1,250on the Clock by time open, tied with 18 other companies that share its start date. See the Clock

Still filing, and no annual report of its own says the weakness is fixed.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #12029

Filings with a weakness21
First in our dataAug 12, 2021
AuditorPricewaterhouseCoopers LLP

Causes the company named

Segregation of duties · 21Financial close and reporting · 21Accounting expertise and resources · 21ITGC: user access · 21ITGC: change management · 21ITGC: general · 20Entity-level and governance · 15Complex or non-routine accounting · 1

What the latest filing says

Based upon that evaluation, as a result of the material weaknesses in internal control over financial reporting described below, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of June 30, 2026 due to the material weaknesses described below. Previously Reported Material Weaknesses A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim consolidated financial statements will not be prevented or detected on a timely basis. As previously reported in the Annual Report on Form 10-K for the year ended December 31, 2025, in connection with the preparation of our consolidated financial statements as of and for the year ended December 31, 2019, we identified material weaknesses in our internal control over financial reporting, which continue to exist as of June 30, 2026. The material weaknesses we identified were as follows: We did not design and mainta [...]

From the controls section of the 10-Q filed Aug 6, 2026. Read the full filing on SEC EDGAR.

Company response: LifeStance Health Group, Inc. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

FiledFormPeriodControlsCausesFiling
Aug 6, 202610-QJun 30, 2026Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; Complex or non-routine accounting; ITGC: general; ITGC: user access; ITGC: change management; Entity-level and governanceEDGAR
May 7, 202610-QMar 31, 2026Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Feb 25, 202610-KDec 31, 2025Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Nov 6, 202510-QSep 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: generalEDGAR
Aug 7, 202510-QJun 30, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
May 7, 202510-QMar 31, 2025Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Feb 27, 202510-KDec 31, 2024Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Nov 7, 202410-QSep 30, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: generalEDGAR
Aug 8, 202410-QJun 30, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: generalEDGAR
May 9, 202410-QMar 31, 2024Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Feb 28, 202410-KDec 31, 2023Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Nov 8, 202310-QSep 30, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: generalEDGAR
Aug 9, 202310-QJun 30, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
May 10, 202310-QMar 31, 2023Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: generalEDGAR
Mar 9, 202310-KDec 31, 2022Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; Entity-level and governanceEDGAR
Nov 9, 202210-QSep 30, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: generalEDGAR
Aug 10, 202210-QJun 30, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
May 11, 202210-QMar 31, 2022Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Mar 17, 202210-KDec 31, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Nov 10, 202110-QSep 30, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR
Aug 12, 202110-QJun 30, 2021Material weakness stated, no ICFR conclusionSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change management; ITGC: general; Entity-level and governanceEDGAR

Others on the Clock in the same industry

By SEC industry code: 8000, Services-Health Services, then related codes.

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with LifeStance Health Group, Inc. or the SEC. Not investment advice. Why you can rely on the Watch List.