Talkspace, Inc.

TALK

$5.25

+0.00%

2026-08-14 16:00:00 EDT+$0.00

Healthcare

Medical - Care Facilities

NASDAQ

Inactive

Providing virtual behavioral healthcare services, Talkspace, Inc. operates a digital platform accessible via secure web and mobile applications. It offers a wide ...

Price Action of TALK

$5.25

+0.00%+$0.00

High—

Low—

52W High-67.5%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

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Talkspace, Inc. (NASDAQ: TALK) is a New York-based company specializing in virtual mental health services. Founded in 2012 by Oren and Roni Frank, Talkspace pioneered message-based therapy, allowing users to connect with licensed therapists via text, video, and voice. The company went public in 2021 via a SPAC merger. Talkspace ...Talkspace, Inc. (NASDAQ: TALK) is a New York-based company specializing in virtual mental health services. Founded in 2012 by Oren and Roni Frank, Talkspace pioneered message-based therapy, allowing users to connect with licensed therapists via text, video, and voice. The company went public in 2021 via a SPAC merger. Talkspace serves individuals, employers, and health plans, covering over 130 million lives. Its platform offers individual therapy, couples therapy, teen counseling, and psychiatric services. The company generates revenue through B2B contracts and direct-to-consumer subscriptions. In 2024, Talkspace expanded to Medicare, and in 2025, it was announced that Universal Health Services would acquire the company. Leaders include CEO Jon R. Cohen (as of recent data) and co-founders Oren and Roni Frank. Financials show a market cap of ~$874M, with positive gross margin (41.5%) but slight operating losses. Talkspace's mission is to provide accessible, high-quality mental healthcare, and it continues to grow its clinician network and payer partnerships.ExpandCollapse

Founded

2012

Employees

598

CEO

Jon R. Cohen

Full Name

Talkspace, Inc.

Sector

Healthcare

Industry

Medical - Care Facilities

ROE

0.17%

Market Cap

$0.88B

Current Ratio

4.52

ROIC

0.03%

Contact Information

https://www.talkspace.com

212 284 7206

622 Third Avenue, New York City, NY 10025

Key Metrics of TALK

Snapshot

Latest / TTM · 6 periods

Market Cap

$879.44M

ROCE

-2.9%

EV / EBITDA

155.26x

-5.5% YoY

FCF Yield

0.5%

+0.9% YoY

Cash Conversion Cycle

-4.9d

Current Ratio

4.52

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of TALK

Profitability trend

Latest / TTM · 6 periods

Gross Margin

41.5%

Net Margin

0.1%

P/E Ratio

-4375.00x

n/a

Debt / Equity

0.00

n/a

Current Ratio

4.52

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of TALK

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.04 · Revenue $73.83M · 3 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $0.05 · Revenue $76.91M · 3 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $0.13 · Revenue $281.55M · 2 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $0.03 · Revenue $77.90M · 1 analysts

Recent history

Aug 6, 2026
Q2 FY2026 · Results reported
EPS $-0.01 · Revenue $61.67M
View filing
May 11, 2026
Q1 FY2026 · Results reported
EPS $-0.04 · Revenue $61.68M
View filing
Mar 13, 2026
FY2025 · Annual results
EPS $0.04 · Revenue $228.87M
View filing
Nov 6, 2025
Q3 FY2025 · Results reported
EPS $0.02 · Revenue $59.38M
View filing
Aug 8, 2025
Q2 FY2025 · Results reported
EPS $-0.00 · Revenue $54.31M
View filing
May 9, 2025
Q1 FY2025 · Results reported
EPS $0.00 · Revenue $52.18M
View filing

Financial Statements of TALK

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$228.9M	+22.0%	-0.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$7.8M	+578.8%	+76.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+43.0%	-6.1%	-3.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+1.4%	+157.4%	+70.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+3.4%	+456.4%	+76.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-2.1M	-136.1%	+208.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-0.9%	-129.6%	+208.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	0.0%	—	—
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	6.38x	-6.7%	-6.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$134.9M	-2.8%	+0.2%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	0.04 vs 0.04	+9.3%	-0.01 vs 0.04	-123.9%
Revenue Surprise	$228.9M vs $227.8M	+0.5%	$61.7M vs $73.8M	-16.5%

Insider Transactions of TALK

Acquisitions (A)

Since Aug 17, 2026

Disposals (D)

Since Aug 17, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 17, 2026	Harris Ian Jiro	officer: Chief Financial Officer	Common Stock	D	303,981	$0.00
Aug 17, 2026	Harris Ian Jiro	officer: Chief Financial Officer	Common Stock	D	420,824	$0.01
Aug 17, 2026	Harris Ian Jiro	officer: Chief Financial Officer	Stock Options	D	48,182	$2.86
Aug 17, 2026	Cohen Jon R	officer: Chief Executive Officer	Common Stock	D	1,581,499	$0.00
Aug 17, 2026	Cohen Jon R	officer: Chief Executive Officer	Common Stock	D	1,260,308	$0.01

Earnings Call Transcript of TALK

1 transcript segments

Q4 2025

Unknown Speaker

Operator: At this time, I'd like to welcome everyone to the Talkspace Fourth Quarter and Full Year 2025 Earnings Call. [Operator Instructions] The press release and presentation of earnings results can be accessed on Talkspace's IR website. The presentation will be used to walk you through today's remarks. Leading today's call are CEO, Dr. Jon Cohen; and CFO, Ian Harris. Management will offer their prepared remarks and then take your questions. Certain measures that will be discussed on today's call are expressed on a non-GAAP basis and have been adjusted to exclude the impact of one-off items. Reconciliations of these non-GAAP measures are included in the earnings release and on the website, talkspace.com. As a reminder, the company will be discussing forward-looking information today, which may include forecasts, targets and other statements regarding plans, goals, strategic priorities and anticipated financial results. While these statements represent the company's best current judgment about future results and performance as of today, actual results are subject to many risks and uncertainties that could cause actual results to differ materially from expectations. Important factors that may affect future results are described on Talkspace's most recent SEC reports and today's earnings press release. For more information, please review the safe harbor disclaimer on Slide 2. Now I will turn the call over to Dr. Jon Cohen. Jon Cohen: Good morning, and thank you for joining the call today to review our fourth quarter and full year 2025 results. When I joined Talkspace at the end of 2022, the strategic pivot had already begun shifting from our Consumer model to a Payor fee-for-service model. Today, I am proud to look back at the progress we've made financially, operationally and towards our mission to deliver comprehensive, personalized mental health care to all. Since 2022, we have grown revenue at a CAGR of 24%, driven by Payor Sessions annualized growth of about 56%. During this time, our operating expenses as a percentage of revenue continued to decline, helping to drive operating leverage and improved EBITDA margins. For the full year of 2025, we delivered revenue of approximately $229 million, an increase of 22% year-over-year, driven by payer growth of 38%. In addition, we more than doubled adjusted EBITDA, growing from about $7 million in 2024 to $15.8 million in 2025, which represents an adjusted EBITDA margin of 7%. Our growth in Payor, where we now cover well over 200 million lives through insurance and employer benefits is driven by 2 factors: one, strategic initiatives we have put in place to bring people to Talkspace, including targeted efforts to increase awareness and drive high-intent referrals as well as deepen partnerships with the Payors to improve the patient journey and make it easier to find care; and two, our expanding offerings within the Payor channel to cater to new populations and differing levels of acuity. Both of …

Leadership Team of TALK

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Jon R. Cohen	Chief Executive Officer & Director	USD 902,123	—	1955	Active
Gil Margolin	Chief Technology Officer	USD 628,779	Male	1978	Active
Ian Harris	Chief Financial Officer	USD 619,035	Male	1990	Active
Katelyn Watson	Chief Marketing Officer	USD 466,982	Female	1979	Active
John Charles Reilly	Executive Vice President of Government Relations, Chief Legal Officer & Corporate Secretary	USD 422,854	Male	1967	Active
Jeannine Feyen	Director of Communications	—	—	—	Active
Richie Nguyen	Chief Network Officer	—	Male	—	Active
Andrea Cooper	Chief People Officer	—	Female	—	Active
Erin Boyd	Chief Growth Officer of Payor	—	Female	1969	Active
Mary Potter CISA CRISC	Chief of Compliance & Privacy and Chief Information Security Officer	—	Female	—	Active

Recent News of TALK

Zacks Investment Research8/18/2026Neutral

UHS Adds Talkspace to Accelerate Virtual Behavioral Health Growth

Universal Health's $835M Talkspace acquisition expands virtual behavioral health, adding 6,000 providers and new growth opportunities.

PRNewsWire8/17/2026Neutral

Universal Health Services, Inc. Completes Acquisition of Talkspace, Inc.

Creates nation's first full continuum of behavioral healthcare services, supporting people across every stage of their mental health journey KING OF PRUSSIA, Pa. and NEW YORK, Aug. 17, 2026 /PRNewswire/ -- Universal Health Services, Inc. (NYSE: UHS) today announced the successful completion of its acquisition of Talkspace, Inc. (NASDAQ: TALK), bringing together one of the nation's largest providers of healthcare services with a leading virtual behavioral health platform to redefine how mental healthcare is accessed and delivered.

Business Wire6/9/2026Neutral

Talkspace Announces ‘Tee,' the First Safe AI Agent Specifically Developed to Help Individuals Navigate Life's Daily Mental Health Challenges

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral healthcare provider, today announced Tee, a safe, fine-tuned large language model developed by mental health experts. With HIPAA-grade privacy protections, Tee has the ability to identify potential suicide risk, homicidal/violence risk, abuse risk and seven other mental health risk entities. It is the first model of its kind providing real-time oversight by licensed clinicians and immediate human intervention by a.

GlobeNewsWire6/2/2026Neutral

ENLIVEX TO PRESENT QUALITY LONGEVITY MODEL POWERED BY PREDICTION MARKETS TREASURY AT PROOF OF TALK 2026

As a Gold Sponsor of the Paris event, Enlivex will host a curated dinner today for leading institutional asset managers, allocators, and digital asset investors Nes-Ziona, Israel, June 02, 2026 (GLOBE NEWSWIRE) -- Enlivex Ltd. (Nasdaq: ENLV, "Enlivex" or the "Company"), a quality longevity company powered by a prediction markets treasury, today announced that it is a Gold Sponsor of Proof of Talk 2026, taking place June 2-3, 2026, at the Louvre Palace and Musée des Arts Décoratifs in Paris.

GlobeNewsWire5/29/2026Neutral

Talkspace Stockholders Vote to Approve Acquisition by UHS

NEW YORK, May 29, 2026 (GLOBE NEWSWIRE) -- Talkspace, Inc. (“Talkspace”) (Nasdaq: TALK) today announced that at the special meeting of Talkspace stockholders held on May 29, 2026, the Talkspace stockholders voted to approve the acquisition of Talkspace by Universal Health Services, Inc. (“UHS”) pursuant to the terms and conditions of the Agreement and Plan of Merger, dated as of March 9, 2026 (the “Merger Agreement”), by and among Talkspace, UHS and UHS Merger Subsidiary, Inc., an indirect wholly owned subsidiary of UHS.

Historical Employee Count of TALK

Current

598

Change

+14.78%

Minimum

339

Maximum

598

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	598	10-K	Mar 13, 2026	View
Dec 31, 2024	521	10-K	Mar 12, 2025	View
Dec 31, 2023	472	10-K	Mar 13, 2024	View
Dec 31, 2022	339	10-K	Mar 10, 2023	View
Dec 31, 2021	496	10-K	Feb 25, 2022	View

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Talkspace, Inc.