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Talkspace (TALKW) Financials

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$0.0002 0.00 (0.00%)
As of 10/13/2026
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Annual Income Statements for Talkspace

Annual Income Statements for Talkspace

This table shows Talkspace's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -29 -22 -63 -80 -19 1.15 7.79
Consolidated Net Income / (Loss)		 -29 -22 -63 -80 -19 1.15 7.79
Net Income / (Loss) Continuing Operations		 -29 -22 -63 -80 -19 1.15 7.79
Total Pre-Tax Income 		-29 -22 -63 -79 -19 1.24 8.37
Total Operating Income		 -29 -22 -94 -83 -23 -4.50 3.15
Total Gross Profit		 20 50 67 60 75 86 98
Total Revenue		 38 76 114 120 150 188 229
Operating Revenue		 38 76 114 120 150 188 229
Total Cost of Revenue		 18 26 47 59 75 101 131
Operating Cost of Revenue		 18 26 47 59 75 101 131
Total Operating Expenses		 50 72 161 143 98 91 95
Selling, General & Admin Expense		 10 15 44 43 27 29 29
Marketing Expense		 28 48 101 73 52 51 54
Research & Development Expense		 12 9.58 16 22 17 10 9.54
Depreciation Expense		 - - - - 1.29 0.86 2.88
Total Other Income / (Expense), net		 0.35 -0.36 31 3.74 4.25 5.74 5.22
Interest & Investment Income		 - - 31 3.74 - - 5.22
Income Tax Expense		 0.01 0.02 0.05 0.25 0.22 0.09 0.57
Weighted Average Basic Shares Outstanding		 12.72M 13.36M 86.78M 156.89M 165.04M 168.91M 167.09M
Weighted Average Diluted Shares Outstanding		 12.72M 13.36M 86.78M 156.89M 165.04M 176.50M 173.65M
Weighted Average Basic & Diluted Shares Outstanding		 12.72M 13.36M 86.78M 162.20M 168.90M 168.44M 167.08M

Quarterly Income Statements for Talkspace

This table shows Talkspace's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.31 -1.47 -0.47 1.87 1.21 0.32 -0.54 3.25 4.77 -6.31 -1.52
Consolidated Net Income / (Loss)		 -1.31 -1.47 -0.47 1.87 1.21 0.32 -0.54 3.25 4.77 -6.31 -1.52
Net Income / (Loss) Continuing Operations		 -1.31 -1.47 -0.47 1.87 1.21 0.32 -0.54 3.25 4.77 -6.31 -1.52
Total Pre-Tax Income 		-18 -1.30 -0.44 1.80 -1.42 0.44 -0.47 3.28 5.12 -6.18 -1.51
Total Operating Income		 -21 -1.68 -3.49 0.10 -2.79 -1.09 -1.79 2.20 3.83 -7.13 -2.11
Total Gross Profit		 21 22 21 22 22 23 23 25 27 26 25
Total Revenue		 42 45 46 47 49 52 54 59 63 62 62
Operating Revenue		 42 45 46 47 49 52 54 59 63 62 62
Total Cost of Revenue		 21 24 25 26 27 29 31 35 36 36 37
Operating Cost of Revenue		 21 24 25 26 27 29 31 35 36 36 37
Total Operating Expenses		 24 23 25 22 21 24 25 22 23 33 27
Selling, General & Admin Expense		 6.84 6.66 9.00 6.81 6.67 7.06 7.65 6.73 7.54 15 8.33
Marketing Expense		 13 13 13 12 12 14 14 13 12 14 15
Research & Development Expense		 3.87 3.74 2.09 2.30 2.26 2.84 2.56 1.78 1.88 2.66 2.34
Depreciation Expense		 - - 0.22 0.23 - 0.65 0.72 0.69 - 1.54 1.58
Total Other Income / (Expense), net		 1.33 0.38 3.04 1.70 0.62 1.53 1.33 1.08 1.29 0.95 0.61
Interest & Investment Income		 - 0.38 3.04 - - 1.53 1.33 - - 0.95 0.61
Income Tax Expense		 0.05 0.17 0.03 -0.07 -0.03 0.12 0.08 0.03 0.35 0.12 0.01
Weighted Average Basic Shares Outstanding		 165.04M 168.85M 169.15M 168.43M 168.91M 168.67M 167.53M 166.19M 167.09M 167.08M 167.49M
Weighted Average Diluted Shares Outstanding		 165.04M 168.85M 169.15M 173.75M 176.50M 175.55M 167.53M 171.46M 173.65M 167.08M 167.49M
Weighted Average Basic & Diluted Shares Outstanding		 168.90M 169.68M 168.21M 168.92M 168.44M 167.32M 167.47M 165.66M 167.08M 167.51M 165.82M

Annual Cash Flow Statements for Talkspace

This table details how cash moves in and out of Talkspace's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 30 -26 185 -60 -15 -47 -39
Net Cash From Operating Activities		 -21 -15 -66 -61 -16 11 8.53
Net Cash From Continuing Operating Activities		 -21 -15 -66 -61 -16 11 8.53
Net Income / (Loss) Continuing Operations		 -29 -22 -63 -80 -19 1.15 7.79
Consolidated Net Income / (Loss)		 -29 -22 -63 -80 -19 1.15 7.79
Depreciation Expense		 0.06 0.38 1.97 1.36 1.20 0.86 2.88
Non-Cash Adjustments To Reconcile Net Income		 3.40 2.98 -4.38 15 9.30 8.60 6.10
Changes in Operating Assets and Liabilities, net		 4.43 3.84 -0.74 2.12 -7.71 0.68 -8.23
Net Cash From Investing Activities		 -0.14 -11 -0.66 -0.32 -0.14 -46 -29
Net Cash From Continuing Investing Activities		 -0.14 -11 -0.66 -0.32 -0.14 -46 -29
Acquisitions		 0.00 -12 0.00 0.00 0.00 -5.44 -16
Purchase of Investments		 - - - 0.00 0.00 -41 -49
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 36
Other Investing Activities, net		 0.00 0.45 0.00 -0.32 -0.14 -0.17 -0.07
Net Cash From Financing Activities		 52 0.09 251 1.68 1.90 -12 -19
Net Cash From Continuing Financing Activities		 52 0.09 251 1.68 1.90 -12 -19
Repurchase of Common Equity		 0.00 0.00 -0.05 -0.65 0.00 -11 -17
Other Financing Activities, net		 0.30 0.09 251 2.33 1.90 -1.19 -1.79
Cash Interest Paid		 0.05 0.04 0.54 0.07 0.00 0.00 0.00
Cash Income Taxes Paid		 0.00 0.00 0.00 0.12 0.22 0.10 0.42

Quarterly Cash Flow Statements for Talkspace

This table details how cash moves in and out of Talkspace's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -1.42 -3.63 -5.37 4.08 -42 -17 -5.74 -11 -6.30 -5.94 7.75
Net Cash From Operating Activities		 -1.53 -3.39 4.81 6.21 4.08 -1.24 -0.35 4.75 5.38 -4.42 11
Net Cash From Continuing Operating Activities		 -1.53 -3.39 4.81 6.21 4.08 -1.24 -0.35 4.75 5.38 -4.42 11
Net Income / (Loss) Continuing Operations		 -1.31 -1.47 -0.47 1.87 1.21 0.32 -0.54 3.25 4.77 -6.31 -1.52
Consolidated Net Income / (Loss)		 -1.31 -1.47 -0.47 1.87 1.21 0.32 -0.54 3.25 4.77 -6.31 -1.52
Depreciation Expense		 0.28 0.20 0.22 0.23 0.21 0.67 0.70 0.69 0.82 1.54 1.58
Non-Cash Adjustments To Reconcile Net Income		 2.25 3.40 1.45 1.65 2.53 1.67 1.73 1.38 1.32 2.81 1.89
Changes in Operating Assets and Liabilities, net		 -2.76 -5.52 3.61 2.45 0.14 -3.90 -2.24 -0.57 -1.53 -2.46 9.43
Net Cash From Investing Activities		 -0.13 -0.39 -1.77 -1.69 -43 -9.02 -2.37 -6.32 -11 -0.79 -2.04
Net Cash From Continuing Investing Activities		 -0.13 -0.39 -1.77 -1.69 -43 -9.02 -2.37 -6.32 -11 -0.79 -2.04
Acquisitions		 - -0.37 - -1.66 -1.68 -2.00 -2.50 -2.85 -8.20 -3.20 -3.13
Purchase of Investments		 - 0.00 - - - -10 -10 -12 -17 -14 -19
Sale and/or Maturity of Investments		 - 0.00 - - - 3.43 10 8.64 14 16 20
Other Investing Activities, net		 -0.13 -0.02 - -0.07 -0.10 -0.02 -0.02 -0.01 -0.03 -0.00 -0.02
Net Cash From Financing Activities		 0.24 0.15 -8.41 -0.44 -3.49 -6.36 -3.02 -9.12 -0.50 -0.73 -1.60
Net Cash From Continuing Financing Activities		 0.24 0.15 -8.41 -0.44 -3.49 -6.36 -3.02 -9.12 -0.50 -0.73 -1.60
Other Financing Activities, net		 0.24 0.15 -0.41 -0.44 -0.49 0.11 -1.08 -0.32 -0.50 -0.73 -1.60
Cash Income Taxes Paid		 0.02 0.02 0.02 0.01 0.05 0.05 0.03 0.18 0.16 0.27 0.52

Annual Balance Sheets for Talkspace

This table presents Talkspace's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 33 224 156 142 139 135
Total Current Assets		 21 213 153 140 130 111
Cash & Equivalents		 13 198 139 124 77 37
Short-Term Investments		 - - - 0.00 41 55
Accounts Receivable		 5.91 5.51 9.64 10 9.64 16
Other Current Assets		 1.52 9.56 4.37 5.72 2.73 2.42
Plant, Property, & Equipment, net		 0.18 0.62 0.68 0.00 0.00 0.00
Total Noncurrent Assets		 12 9.65 3.02 2.42 8.50 24
Goodwill		 6.13 6.13 - - 0.00 3.32
Other Noncurrent Operating Assets		 0.69 0.08 0.49 2.42 8.50 20
Total Liabilities & Shareholders' Equity		 33 224 156 142 139 135
Total Liabilities		 20 31 29 24 21 18
Total Current Liabilities		 20 27 27 22 19 17
Accounts Payable		 7.90 7.43 6.46 6.11 7.71 8.50
Accrued Expenses		 7.42 13 17 12 8.03 6.67
Current Deferred Revenue		 5.17 7.19 4.36 3.07 3.28 2.22
Total Noncurrent Liabilities		 0.00 4.16 1.40 1.93 2.26 0.45
Other Noncurrent Operating Liabilities		 0.00 4.16 1.40 1.93 2.26 0.45
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -99 192 128 119 117 117
Total Preferred & Common Equity		 -99 192 128 119 117 117
Total Common Equity		 -99 192 128 119 117 117
Common Stock		 9.89 364 379 389 387 378
Retained Earnings		 -109 -172 -251 -270 -269 -261
Accumulated Other Comprehensive Income / (Loss)		 - - - 0.00 0.00 0.06

Quarterly Balance Sheets for Talkspace

This table presents Talkspace's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 145 141 140 138 134 138 134 133 129 136 136
Total Current Assets		 141 137 138 136 129 132 124 121 114 110 109
Cash & Equivalents		 125 126 125 120 115 119 60 54 40 31 39
Short-Term Investments		 - - - - - - 48 48 52 53 52
Accounts Receivable		 12 8.42 7.97 11 12 9.60 13 15 15 24 15
Other Current Assets		 3.81 2.92 4.41 4.42 2.30 2.92 2.52 2.48 3.80 2.70 2.57
Plant, Property, & Equipment, net		 0.56 0.46 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 2.86 2.62 2.36 2.55 5.02 6.71 10 12 15 26 27
Goodwill		 0.00 0.00 0.00 0.00 - - - - - 3.43 3.43
Other Noncurrent Operating Assets		 0.52 0.46 0.39 2.55 5.02 6.71 10 12 15 22 24
Total Liabilities & Shareholders' Equity		 145 141 140 138 134 138 134 133 129 136 136
Total Liabilities		 23 21 23 19 20 21 21 20 20 23 24
Total Current Liabilities		 22 20 21 16 18 19 19 19 19 23 24
Accounts Payable		 7.67 5.48 6.51 5.81 7.73 8.30 11 8.62 9.62 12 11
Accrued Expenses		 9.80 10 11 7.00 7.31 7.25 4.74 7.06 6.65 8.17 10
Current Deferred Revenue		 4.12 3.68 3.62 2.88 2.73 3.51 3.85 2.87 3.11 2.98 2.71
Total Noncurrent Liabilities		 1.55 1.12 1.78 3.01 1.97 1.59 1.71 1.31 0.58 0.33 0.20
Other Noncurrent Operating Liabilities		 1.55 1.12 1.78 3.01 1.97 1.59 1.71 1.31 0.58 0.33 0.20
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 122 120 118 120 114 118 113 113 109 113 112
Total Preferred & Common Equity		 122 120 118 120 114 118 113 113 109 113 112
Total Common Equity		 122 120 118 120 114 118 113 113 109 113 112
Common Stock		 382 384 387 391 386 388 382 382 375 381 381
Retained Earnings		 -260 -265 -269 -272 -272 -270 -269 -269 -266 -268 -269
Accumulated Other Comprehensive Income / (Loss)		 - - - - - - 0.03 0.02 0.06 -0.04 -0.10

Annual Metrics And Ratios for Talkspace

This table displays calculated financial ratios and metrics derived from Talkspace's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 51,750,000.00 152,307,497.00 - - - 165,656,124.00
DEI Adjusted Shares Outstanding		 0.00 51,750,000.00 152,307,497.00 - - - 165,656,124.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 -0.43 -0.41 - - - 0.05
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -21 -15 -66 -58 -16 -4.16 2.94
Return On Investment Capital (ROIC_SIMPLE)		 - - - -45.64% -13.69% -3.54% 2.51%
Earnings before Interest and Taxes (EBIT)		 -29 -22 -94 -83 -23 1.24 3.15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -29 -22 -92 -82 -22 2.10 6.03
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -15 -61 -53 -22 -9.00 -22
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 -0.86 -5.98 -11 -5.26 -0.42 24
Increase / (Decrease) in Invested Capital		 0.00 -0.86 -5.12 -5.03 5.75 4.85 25
Book Value per Share		 $0.00 ($1.91) $1.26 $0.80 $0.71 $0.70 $0.71
Tangible Book Value per Share		 $0.00 ($2.13) $1.20 $0.79 $0.71 $0.70 $0.69
Total Capital		 0.00 12 192 128 119 117 117
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -13 -198 -139 -124 -118 -93
Capital Expenditures (CapEx)		 0.14 0.13 0.66 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -13 -12 -13 -5.76 -6.65 1.08
Debt-free Net Working Capital (DFNWC)		 0.00 0.19 186 125 118 111 94
Net Working Capital (NWC)		 0.00 0.19 186 125 118 111 94
Net Nonoperating Expense (NNE)		 8.49 6.98 -3.00 21 2.94 -5.30 -4.86
Net Nonoperating Obligations (NNO)		 0.00 -13 -198 -139 -124 -118 -93
Total Depreciation and Amortization (D&A)		 0.06 0.38 2.15 1.36 1.20 0.86 2.88
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.72) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 153.97M 156.89M 165.04M 168.91M 167.09M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.72) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 153.97M 156.89M 165.04M 176.50M 173.65M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($0.72) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 86.78M 162.20M 168.90M 168.44M 167.08M
Normalized Net Operating Profit after Tax (NOPAT)		 -21 -15 -66 -54 -16 -4.16 2.94
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Talkspace

This table displays calculated financial ratios and metrics derived from Talkspace's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 168,437,252.00 167,315,128.00 167,467,122.00 165,656,124.00 167,076,010.00 167,512,566.00
DEI Adjusted Shares Outstanding		 - - - - - 168,437,252.00 167,315,128.00 167,467,122.00 165,656,124.00 167,076,010.00 167,512,566.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.00 0.00 0.02 0.03 -0.04 -0.01
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 40.27% 36.24% 29.21% 22.65% 14.86% 14.90% 17.92% 25.28% - 18.20% 13.56%
EBITDA Growth		 85.94% -75.84% 46.51% 106.77% 87.33% 71.65% 66.69% 95.08% - -1,234.13% 51.10%
EBIT Growth		 85.78% -77.24% 45.60% 101.91% 86.50% 35.38% 48.65% 82.00% - -556.87% -18.04%
NOPAT Growth		 85.78% -83.51% 45.60% 102.84% 86.50% 33.43% 48.65% 2,016.26% - -537.66% -18.04%
Net Income Growth		 92.87% 83.26% 89.92% 142.46% 192.96% 121.69% -14.14% 73.48% - -2,083.02% -180.22%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Cash Flow Growth		 89.24% 75.84% 1,564.01% 656.50% 366.73% 63.46% -107.30% -23.48% - -256.58% 3,343.59%
Free Cash Flow Firm Growth		 79.09% -128.54% -4.45% -1.97% 66.36% -67.02% -56.01% -106.11% - -339.20% -1.19%
Invested Capital Growth		 52.20% 79.69% 86.23% 81.53% 92.11% 823.86% 1,270.54% 1,049.64% - 469.23% 107.76%
Revenue Q/Q Growth		 9.76% 7.07% 1.41% 2.91% 2.79% 7.11% 4.08% 9.34% - -2.09% -0.01%
EBITDA Q/Q Growth		 -318.10% 107.35% -244.64% 110.10% -882.42% 83.77% -159.67% 464.15% - -220.22% 90.48%
EBIT Q/Q Growth		 -298.94% 106.63% -269.47% 102.84% -2,917.17% 61.10% -64.98% 283.02% - -286.13% 70.35%
NOPAT Q/Q Growth		 -298.94% 106.75% -266.45% 104.22% -1,994.15% 59.93% -60.15% 274.08% - -239.86% 70.35%
Net Income Q/Q Growth		 70.41% -12.25% 67.67% 495.36% -35.22% -73.81% -270.13% 700.92% - -232.34% 75.96%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -37.22% -121.63% 241.82% 29.03% -34.23% -130.36% 71.67% 1,452.71% - -182.18% 357.70%
Free Cash Flow Firm Q/Q Growth		 -237.71% 95.34% -515.67% 22.57% -11.43% 3.68% -87.71% -2.30% - -35.19% 56.75%
Invested Capital Q/Q Growth		 30.86% 86.70% -24.14% -61.80% 70.48% 1,320.96% 100.75% 31.26% - 18.07% -26.73%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 49.44% 47.85% 45.49% 45.61% 44.20% 44.62% 43.07% 41.49% - 41.53% 40.22%
EBITDA Margin		 -48.04% 4.97% -7.09% 0.70% -5.30% -0.80% -2.00% 6.67% - -9.06% -0.86%
Operating Margin		 -48.71% 3.70% -7.57% 0.21% -5.72% -2.08% -3.30% 3.70% - -11.56% -3.43%
EBIT Margin		 -48.71% 4.53% -7.57% 0.21% -5.72% -2.08% -3.30% 5.52% - -11.56% -3.43%
Profit (Net Income) Margin		 -3.08% -3.23% -1.03% 3.95% 2.49% 0.61% -1.00% 5.47% - -10.22% -2.46%
Tax Burden Percent		 7.07% -112.68% 107.24% 104.11% -85.67% 72.11% 116.34% 99.24% - 102.01% 100.73%
Interest Burden Percent		 89.46% 63.25% 12.68% 1,818.18% 50.81% -40.65% 25.98% 100.00% - 86.74% 71.23%
Effective Tax Rate		 0.00% 12.68% 0.00% -4.11% 0.00% 27.89% 0.00% 0.76% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -133.46% -100.49% 131.97% - -113.72% -37.65%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -134.42% -101.15% 130.97% - -112.35% -37.61%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 131.90% 97.00% -124.07% - 95.53% 32.38%
Return on Equity (ROE)		 -15.58% -9.86% -6.55% -1.17% 0.97% -1.56% -3.49% 7.90% - -18.19% -5.27%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -189.50% -129.54% -111.30% - -151.66% -75.68%
Operating Return on Assets (OROA)		 -48.97% 5.19% -9.52% 0.27% -7.65% -2.97% -5.01% 8.86% - -20.37% -6.25%
Return on Assets (ROA)		 -3.10% -3.70% -1.29% 5.15% 3.33% 0.87% -1.51% 8.79% - -18.02% -4.49%
Return on Common Equity (ROCE)		 -15.58% -9.86% -6.55% -1.17% 0.97% -1.56% -3.49% 7.90% - -18.19% -5.27%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -9.94% -6.72% -1.17% 0.00% 2.59% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -14 1.47 -2.44 0.10 -1.95 -0.78 -1.25 2.18 3.57 -4.99 -1.48
NOPAT Margin		 -34.10% 3.23% -5.30% 0.22% -4.01% -1.50% -2.31% 3.67% - -8.09% -2.40%
Net Nonoperating Expense Percent (NNEP)		 10.03% -2.39% 1.63% 1.45% 2.62% 0.96% 0.65% 1.00% - -1.37% -0.04%
Return On Investment Capital (ROIC_SIMPLE)		 -12.19% - - - -1.66% -0.69% -1.11% 2.00% 3.05% -4.41% -1.32%
Cost of Revenue to Revenue		 50.56% 52.15% 54.51% 54.39% 55.80% 55.39% 56.93% 58.51% - 58.47% 59.78%
SG&A Expenses to Revenue		 16.13% 14.67% 19.55% 14.42% 13.69% 13.54% 14.08% 11.33% - 23.82% 13.51%
R&D to Revenue		 9.12% 8.23% 4.70% 4.96% 4.63% 6.36% 4.72% 3.00% - 4.32% 3.80%
Operating Expenses to Revenue		 55.53% 51.55% 53.06% 45.41% 43.03% 46.69% 46.37% 37.79% - 53.08% 43.64%
Earnings before Interest and Taxes (EBIT)		 -21 2.06 -3.49 0.10 -2.79 -1.09 -1.79 3.28 3.83 -7.13 -2.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -20 2.26 -3.27 0.33 -2.58 -0.42 -1.09 3.96 4.65 -5.59 -0.53
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.58 5.04 3.42 2.99 4.45 3.80 4.12 4.24 - 7.65 7.77
Price to Tangible Book Value (P/TBV)		 3.58 5.04 3.42 2.99 4.45 3.80 4.12 4.24 - 7.89 8.01
Price to Revenue (P/Rev)		 2.83 3.72 2.26 1.94 2.78 2.22 2.30 2.15 - 3.63 3.54
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 454.68 147.07 162.35 108.96 - 739.62 4,490.03
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.22% 0.68% 0.62% 0.92% - 0.14% 0.02%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 63.72 35.62 27.45 - 27.06 36.91
Enterprise Value to Revenue (EV/Rev)		 2.00 2.98 1.60 1.28 2.15 1.66 1.79 1.71 - 3.27 3.17
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 192.37 0.00 0.00 170.21 - 911.69 552.46
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 325.41 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 38.17 34.53 23.30 41.67 50.62 - 145.73 45.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Financial Leverage		 -1.07 -1.02 -1.03 -1.04 -1.02 -0.98 -0.96 -0.95 - -0.85 -0.86
Leverage Ratio		 1.21 1.17 1.17 1.18 1.19 1.17 1.17 1.18 - 1.19 1.20
Compound Leverage Factor		 1.08 0.74 0.15 21.53 0.60 -0.48 0.31 1.18 - 1.04 0.85
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Altman Z-Score		 9.71 18.86 11.21 9.77 14.25 11.98 13.63 13.64 - 22.02 21.23
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 6.46 8.65 7.24 6.90 6.84 6.49 6.51 5.91 - 4.84 4.52
Quick Ratio		 6.19 8.37 7.11 6.75 6.70 6.36 6.37 5.50 - 4.73 4.41
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -20 -1.28 -7.88 -6.10 -6.80 -6.55 -12 -13 -21 -29 -12
Operating Cash Flow to CapEx		 0.00% -880.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.01 1.15 1.26 1.30 1.34 1.43 1.52 1.61 - 1.76 1.83
Accounts Receivable Turnover		 15.15 13.80 17.28 20.63 18.93 16.01 15.02 17.50 - 12.94 15.92
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Accounts Payable Turnover		 12.04 12.28 13.62 12.97 14.73 13.10 13.81 13.62 - 12.42 14.70
Days Sales Outstanding (DSO)		 24.10 26.45 21.13 17.69 19.28 22.80 24.30 20.86 - 28.21 22.92
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 30.32 29.72 26.79 28.15 24.79 27.86 26.43 26.81 - 29.38 24.83
Cash Conversion Cycle (CCC)		 -6.22 -3.28 -5.66 -10.46 -5.51 -5.06 -2.13 -5.95 - -1.17 -1.90
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -5.26 -0.70 -0.87 -1.41 -0.42 5.07 10 13 24 29 21
Invested Capital Turnover		 -18.44 -78.21 -48.07 -40.21 -66.09 89.01 43.56 35.93 - 14.06 15.70
Increase / (Decrease) in Invested Capital		 5.75 2.75 5.44 6.21 4.85 5.77 11 15 25 24 11
Enterprise Value (EV)		 301 483 275 233 404 323 362 366 - 780 780
Market Capitalization		 424 603 390 352 522 431 465 462 - 865 871
Book Value per Share		 $0.71 $0.71 $0.67 $0.70 $0.70 $0.67 $0.68 $0.65 $0.71 $0.68 $0.67
Tangible Book Value per Share		 $0.71 $0.71 $0.67 $0.70 $0.70 $0.67 $0.68 $0.65 $0.69 $0.66 $0.65
Total Capital		 119 120 114 118 117 113 113 109 117 113 112
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -124 -120 -115 -119 -118 -108 -103 -96 -93 -84 -91
Capital Expenditures (CapEx)		 0.00 0.39 -0.35 -0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5.76 -0.23 -3.92 -6.53 -6.65 -3.35 -0.64 -0.65 1.08 3.48 -6.10
Debt-free Net Working Capital (DFNWC)		 118 120 111 112 111 105 102 95 94 88 85
Net Working Capital (NWC)		 118 120 111 112 111 105 102 95 94 88 85
Net Nonoperating Expense (NNE)		 -13 2.93 -1.97 -1.77 -3.17 -1.10 -0.71 -1.07 -1.20 1.32 0.04
Net Nonoperating Obligations (NNO)		 -124 -120 -115 -119 -118 -108 -103 -96 -93 -84 -91
Total Depreciation and Amortization (D&A)		 0.28 0.20 0.22 0.23 0.21 0.67 0.70 0.69 0.82 1.54 1.58
Debt-free, Cash-free Net Working Capital to Revenue		 -3.84% -0.14% -2.27% -3.60% -3.55% -1.72% -0.32% -0.30% - 1.46% -2.48%
Debt-free Net Working Capital to Revenue		 78.74% 74.04% 64.33% 62.04% 59.26% 54.02% 50.41% 44.32% - 36.79% 34.55%
Net Working Capital to Revenue		 78.74% 74.04% 64.33% 62.04% 59.26% 54.02% 50.41% 44.32% - 36.79% 34.55%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 165.04M 168.85M 169.15M 168.43M 168.91M 168.67M 167.53M 166.19M 167.09M 167.08M 167.49M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 165.04M 168.85M 169.15M 173.75M 176.50M 175.55M 167.53M 171.46M 173.65M 167.08M 167.49M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 168.90M 169.68M 168.21M 168.92M 168.44M 167.32M 167.47M 165.66M 167.08M 167.51M 165.82M
Normalized Net Operating Profit after Tax (NOPAT)		 -14 1.47 -2.44 0.07 -1.95 -0.78 -1.25 2.18 3.57 -4.99 -1.48
Normalized NOPAT Margin		 -34.10% 3.23% -5.30% 0.15% -4.01% -1.50% -2.31% 3.67% - -8.09% -2.40%
Pre Tax Income Margin		 -43.57% 2.86% -0.96% 3.80% -2.91% 0.85% -0.86% 5.52% - -10.02% -2.44%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% -104.49% -583.38% 958.45% 595.74% 398.01% 476.24% - 918.65% 4,535.57%

Financials Breakdown Chart

Key Financial Trends

Talkspace’s financial profile has improved materially since 2022, but the latest quarter shows that profitability remains inconsistent. Revenue increased from $29.3 million in Q3 2022 to $61.7 million in Q2 2026, more than doubling over the period. However, growth has recently leveled off: Q2 2026 revenue was essentially unchanged from Q1 2026 and declined slightly from $63.0 million in Q4 2025.

Profitability has followed a more uneven path. Talkspace reported a $1.5 million net loss in Q2 2026, an improvement from the $6.3 million loss in Q1, but a reversal from the $4.8 million profit reported in Q4 2025. The company also remained operating-loss-making, with a $2.1 million operating loss in Q2. Gross margin was approximately 40.2%, down from about 43.1% in Q2 2025 and nearly 50% in Q3 2022, indicating that cost-of-revenue growth is absorbing part of the benefit from higher sales.

Cash generation improved sharply in the latest quarter. Operating cash flow was $11.4 million in Q2 2026, compared with negative $4.4 million in Q1 and negative $351,000 in the year-earlier quarter. However, $9.4 million of the latest operating cash flow came from changes in operating assets and liabilities, so investors should determine whether this improvement is sustainable. Talkspace ended Q2 with $39.2 million of cash and $51.8 million of short-term investments, or approximately $91.0 million in combined cash and short-term investments.

The balance sheet remains relatively conservative. Total liabilities were $24.3 million versus $112.1 million of equity, and the company reported only $197,000 of noncurrent operating liabilities with no conventional debt line item provided. Nevertheless, cash and cash equivalents have declined substantially from $120.3 million in Q1 2024, while retained earnings remained negative at $269.3 million in Q2 2026. The supplied data also includes several restated historical statements, so long-term comparisons should be interpreted with some caution.

  • Revenue has more than doubled since Q3 2022. Quarterly revenue rose from $29.3 million to $61.7 million, demonstrating substantial expansion in Talkspace’s business.
  • Q2 2026 operating cash flow rebounded to $11.4 million. This was a significant improvement from negative operating cash flow in Q1 2026 and Q2 2025.
  • Liquidity remains strong relative to reported liabilities. Cash and short-term investments totaled approximately $91.0 million at the end of Q2, compared with total liabilities of $24.3 million.
  • Accounts receivable declined to $15.4 million from $23.6 million in Q1 2026. This may indicate improved collections and helped reduce the amount of capital tied up in receivables.
  • Operating expenses were reduced sequentially. Selling, general and administrative expense fell to $8.3 million in Q2 from $14.7 million in Q1, while total operating expenses declined from $32.7 million to $26.9 million.
  • Recent revenue momentum has stalled. Revenue was approximately $61.7 million in both Q1 and Q2 2026 after reaching $63.0 million in Q4 2025, suggesting that further growth may require renewed customer or payer expansion.
  • Latest cash generation benefited heavily from working-capital changes. The $9.4 million contribution from operating assets and liabilities is much larger than in Q1 2026 and may not recur at the same level.
  • Gross-margin performance has deteriorated over the longer term. The latest margin of roughly 40% is below the approximately 50% reported in Q3 2022, pointing to increased service delivery or other direct costs.
  • Profitability remains inconsistent. Talkspace moved from a $4.8 million net profit in Q4 2025 to a $6.3 million loss in Q1 2026 and a $1.5 million loss in Q2, while operating income remained negative in the latest quarter.
  • Cash reserves have declined substantially over the broader period. Cash and equivalents fell from $120.3 million in Q1 2024 to $39.2 million in Q2 2026, even though short-term investments provide an additional liquidity cushion.
10/14/26 05:43 PM ETAI Generated. May Contain Errors.

Talkspace Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Talkspace's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Talkspace's net income appears to be on an upward trend, with a most recent value of $7.79 million in 2025, compared with -$29.09 million in 2019. The previous period was $1.15 million in 2024.

Talkspace's total operating income in 2025 was $3.15 million, based on the following breakdown:
  • Total Gross Profit: $98.35 million
  • Total Operating Expenses: $95.20 million

Over the last 6 years, Talkspace's total revenue changed from $38.18 million in 2019 to $228.87 million in 2025, a change of 499.5%.

In the past 13 quarters, Talkspace's cash and equivalents has ranged from $31.41 million in Q1 2026 to $126.10 million in Q2 2023, and is currently $39.16 million as of their latest financial filing in Q2 2026.

Talkspace had total debt of $0.00 at the end of 2025, compared with none in 2024, and none in 2019.

Over the last 6 years, Talkspace's book value per share changed from 0.00 in 2019 to 0.71 in 2025, a change of 70.6%.


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Financial statements for NASDAQ:TALKW last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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