Talkspace, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $228.9M | $187.6M | $150.0M | $119.6M | $113.7M |
| Cost of revenue | — | $101.8M | $75.7M | $59.2M | $46.9M |
| Gross profit | — | $85.8M | $74.4M | $60.3M | $66.8M |
| Research and development | $9.5M | $10.3M | $17.1M | $21.7M | $15.9M |
| Operating expenses | $225.7M | $192.1M | $173.3M | $143.5M | $160.7M |
| Operating income | $3.2M | -$4.5M | -$23.2M | -$83.2M | -$93.9M |
| Pretax income | $8.4M | $1.2M | -$19.0M | -$79.4M | -$62.7M |
| Income tax expense | $574,000 | $94,000 | $218,000 | $254,000 | $47,000 |
| Net income | $7.8M | $1.1M | -$19.2M | -$79.7M | -$62.7M |
| Balance Sheet | |||||
| Cash and equivalents | $37.4M | $76.7M | $123.9M | $138.5M | $198.3M |
| Current assets | $111.1M | $130.2M | $139.8M | $152.6M | $213.3M |
| Total assets | $134.9M | $138.7M | $142.2M | $156.3M | $223.6M |
| Current liabilities | $17.4M | $19.0M | $21.6M | $27.3M | $27.2M |
| Total liabilities | $17.8M | $21.3M | $23.6M | $28.7M | $31.3M |
| Stockholders' equity | $117.0M | $117.4M | $118.6M | $127.5M | $192.3M |
| Cash Flow Statement | |||||
| Cash from operations | $8.5M | $11.3M | -$16.4M | -$61.1M | -$65.7M |
| Depreciation and amortization | $2.9M | $859,000 | $1.2M | $1.4M | $2.0M |
| Stock-based compensation | $8.4M | $9.2M | $8.4M | $12.1M | $27.4M |
| Capital expenditure | — | — | $151,000 | $350,000 | $663,000 |
| Free cash flow | — | — | -$16.5M | -$61.4M | -$66.4M |
| Share repurchases | $17.2M | $11.0M | $0 | $0 | — |
| Impairments | — | $0 | $0 | $6.1M | $0 |
Shares outstanding 167.5M · Free float 39.5%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.