Outness, identified as the disclosure of one's gender identity and sexual orientation, has been suggested to be significantly contributing to the psychological well-being of lesbian, gay, and bisexual (LGB) individuals. However, opposing ideas emerge in the literature on whether outness positively or negatively contributes to LGB well-being. Given the time's changing societal attitudes and perspectives, factors influencing this relationship, such as a compassionate attitude towards oneself and perceived social support, are also worthy of further exploration. The study explored the relationship between outness and the psychological well-being of LGB individuals and the potential moderating roles of self-compassion and perceived social support. The study included LGB individuals residing in Metro Manila and data was gathered through the use of structured questionnaires. Results revealed that although outness and psychological well-being are positively associated, this relationship was not moderated by either self-compassion or perceived social support. However, self-compassion and perceived social support were also found to be positively associated with outness and psychological well-being. Such information provided encouraging insight on how advocating towards LGB individuals' outness journey and nurturing their level of self-compassion and strengthening social support may promote a healthy psychological well-being among LGB individuals.