Talkspace Inc
NASDAQ:TALK
Talkspace Inc
Talkspace, Inc. is the virtual behavioral healthcare company committed to making care more effective, accessible, and convenient. The company is headquartered in New York City, New York. The company went IPO on 2020-06-09. The firm provides individuals and licensed therapists, psychologists and psychiatrists with an online platform for one-on-one therapy delivered through messaging, audio and video. The firm through its platform provides psychotherapy and psychiatry services to individuals, employers and health plans through both business to consumer (B2C) and business to business (B2B) channels. In psychotherapy or talk therapy members work with a licensed therapist or counselor to treat specific mental health conditions like depression or anxiety, trauma and other human challenges, including by developing positive thinking and coping skills. In psychiatry, members receive personalized, expert care from a prescriber who specializes in mental healthcare and prescription management. The Company’s services include couples therapy, teen therapy, LGBTQ+ community therapy, and unlimited messaging therapy.
Talkspace, Inc. is the virtual behavioral healthcare company committed to making care more effective, accessible, and convenient. The company is headquartered in New York City, New York. The company went IPO on 2020-06-09. The firm provides individuals and licensed therapists, psychologists and psychiatrists with an online platform for one-on-one therapy delivered through messaging, audio and video. The firm through its platform provides psychotherapy and psychiatry services to individuals, employers and health plans through both business to consumer (B2C) and business to business (B2B) channels. In psychotherapy or talk therapy members work with a licensed therapist or counselor to treat specific mental health conditions like depression or anxiety, trauma and other human challenges, including by developing positive thinking and coping skills. In psychiatry, members receive personalized, expert care from a prescriber who specializes in mental healthcare and prescription management. The Company’s services include couples therapy, teen therapy, LGBTQ+ community therapy, and unlimited messaging therapy.
Record Revenue: Talkspace delivered record Q3 revenue of $59.4 million, up 25% year-over-year and 9% sequentially.
Payer Momentum: Payer revenue grew 42% year-over-year to $45.5 million, driven by strong growth in active payer members and sessions.
Profitability: Adjusted EBITDA reached $5 million, up 111% year-over-year, with margin expanding to 8.4%.
Guidance Narrowed: Full year 2025 revenue guidance tightened to $226–230 million (20%–23% growth), and adjusted EBITDA to $14–16 million.
AI Investments: Company is advancing a proprietary behavioral health large language model, reporting safety and efficacy gains over generic AI chatbots.
Wisdo Acquisition: Completed the acquisition of Wisdo Health, an AI-powered social health platform, aiming to boost Medicare engagement and open new pharma collaborations.
Operational Efficiency: OpEx as a percentage of revenue declined to 34% from 41% last year, reflecting disciplined cost management.
Strong KPIs: Active payer members and sessions both saw double-digit sequential and year-over-year growth, indicating accelerating adoption.
