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Talkspace Inc
NASDAQ:TALK

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Talkspace Inc
NASDAQ:TALK
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Price: 3.43 USD -2.28% Market Closed
Market Cap: 568.2m USD

Talkspace Inc
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

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.

Key Financials
Revenue
$59.4 million
Payer Revenue
$45.5 million
Adjusted EBITDA
$5.0 million
Adjusted EBITDA Margin
8.4%
Adjusted Gross Profit
$24.6 million
Gross Margin
41.5%
Operating Expenses
$22.4 million
OpEx as % of Revenue
34%
Cash and Equivalents
$96 million
Share Repurchases (YTD)
$17.2 million
Direct-to-Enterprise Revenue
$9.3 million
Consumer Revenue
$4.6 million
Payer Sessions
432,000+
Active Payer Members
120,000+
Earnings Call Recording
Other Earnings Calls

Management

Dr. Jon R. Cohen M.D.
CEO & Director
No Bio Available
Mr. Gil Margolin
Chief Technology Officer
No Bio Available
Mr. Ian Harris
Chief Financial Officer
No Bio Available
Mr. Michael Lovell
Senior Director of Investor Relations
No Bio Available
Mr. John Charles Reilly
Executive VP of Government Relations, Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. Mary M. Potter CISA, CRISC
Chief of Compliance & Privacy and Chief Information Security Officer
No Bio Available
Jeannine Feyen
Director of Communications
No Bio Available
Ms. Katelyn Watson
Chief Marketing Officer
No Bio Available
Ms. Andrea Cooper
Chief People Officer
No Bio Available
Ms. Erin Boyd
Chief Growth Officer of Payor
No Bio Available

Contacts

Address
NEW YORK
New York City
570 Lexington Avenue, 35Th Floor
Contacts
+12122847206.0
www.talkspace.com