Talkspace Inc Financials

TALK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Talkspace Inc (TALK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 61/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Talkspace Inc has an operating margin of -2.4%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -15.5% the prior year.

Growth

100

Talkspace Inc's revenue surged 25.0% year-over-year to $187.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

100

Talkspace Inc carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 6.84, Talkspace Inc holds $6.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Talkspace Inc generates a 1.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 4/100.

Piotroski F-Score Neutral

6/9

Talkspace Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

10.20x

For every $1 of reported earnings, Talkspace Inc generates $10.20 in operating cash flow ($11.7M OCF vs $1.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$187.6M

YoY+25.0%

5Y CAGR+37.5%

Talkspace Inc generated $187.6M in revenue in fiscal year 2024. This represents an increase of 25.0% from the prior year.

EBITDA

-$3.6M

YoY+83.5%

Talkspace Inc's EBITDA was -$3.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 83.5% from the prior year.

Free Cash Flow

N/A

Net Income

$1.1M

YoY+106.0%

Talkspace Inc reported $1.1M in net income in fiscal year 2024. This represents an increase of 106.0% from the prior year.

EPS (Diluted)

$0.01

YoY+108.3%

Talkspace Inc earned $0.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 108.3% from the prior year.

Cash & Debt

$76.7M

YoY-38.1%

5Y CAGR+14.1%

Talkspace Inc held $76.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

169M

YoY+0.2%

Talkspace Inc had 169M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.

Gross Margin

45.8%

YoY-3.8pp

5Y CAGR-7.0pp

Talkspace Inc's gross margin was 45.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.8 percentage points from the prior year.

Operating Margin

-2.4%

YoY+13.1pp

5Y CAGR+74.7pp

Talkspace Inc's operating margin was -2.4% in fiscal year 2024, reflecting core business profitability. This is up 13.1 percentage points from the prior year.

Net Margin

0.6%

YoY+13.4pp

5Y CAGR+76.8pp

Talkspace Inc's net profit margin was 0.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 13.4 percentage points from the prior year.

Return on Equity

1.0%

Talkspace Inc's ROE was 1.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

$10.5M

YoY-40.2%

5Y CAGR-2.6%

Talkspace Inc invested $10.5M in research and development in fiscal year 2024. This represents a decrease of 40.2% from the prior year.

Share Buybacks

$11.0M

Talkspace Inc spent $11.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

TALK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$187.6M+25.0%	$150.0M+25.5%	$119.6M+5.2%	$113.7M+49.2%	$76.2M+99.6%	$38.2M
Cost of Revenue	$101.8M+34.5%	$75.7M+27.7%	$59.2M+26.3%	$46.9M+78.0%	$26.4M+46.1%	$18.0M
Gross Profit	$85.8M+15.4%	$74.4M+23.3%	$60.3M-9.6%	$66.8M+34.0%	$49.8M+147.5%	$20.1M
R&D Expenses	$10.5M-40.2%	$17.6M-18.9%	$21.7M+36.1%	$15.9M+66.1%	$9.6M-20.1%	$12.0M
SG&A Expenses	$22.6M+6.2%	$21.3M-41.2%	$36.3M+4.3%	$34.8M+240.9%	$10.2M+90.3%	$5.4M
Operating Income	-$4.5M+80.6%	-$23.2M+72.1%	-$83.2M+11.5%	-$93.9M-327.3%	-$22.0M+25.3%	-$29.4M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$94K-56.9%	$218K-14.2%	$254K+440.4%	$47K+95.8%	$24K+200.0%	$8K
Net Income	$1.1M+106.0%	-$19.2M+75.9%	-$79.7M-27.0%	-$62.7M-180.5%	-$22.4M+23.1%	-$29.1M
EPS (Diluted)	$0.01+108.3%	$-0.12+76.5%	$-0.51+29.2%	$-0.72	$-1.67	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$59.4M+9.3%	$54.3M+4.1%	$52.2M+7.1%	$48.7M+5.8%	$46.1M+1.4%	$45.4M+7.1%	$42.4M+9.8%	$38.6M
Cost of Revenue	N/A	N/A	$28.9M+6.3%	$27.2M+8.3%	$25.1M+6.0%	$23.7M+10.4%	$21.4M+8.3%	$19.8M
Gross Profit	N/A	N/A	$23.3M+8.1%	$21.5M+2.8%	$21.0M-3.6%	$21.7M+3.6%	$21.0M+11.3%	$18.8M
R&D Expenses	$1.8M-30.4%	$2.6M-22.8%	$3.3M+39.2%	$2.4M+14.2%	$2.1M-44.2%	$3.7M-3.3%	$3.9M-7.5%	$4.2M
SG&A Expenses	$5.1M-11.2%	$5.7M+10.0%	$5.2M+5.0%	$5.0M-32.4%	$7.3M+41.2%	$5.2M-3.1%	$5.4M+2.0%	$5.3M
Operating Income	$2.2M+222.8%	-$1.8M-65.0%	-$1.1M-290.7%	$569K+116.3%	-$3.5M-107.6%	-$1.7M+91.9%	-$20.7M-298.9%	-$5.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$25K-67.1%	$76K-38.2%	$123K+524.1%	-$29K-190.6%	$32K-80.6%	$165K+211.3%	$53K+278.6%	$14K
Net Income	$3.3M+700.9%	-$541K-270.1%	$318K-73.8%	$1.2M+356.1%	-$474K+67.7%	-$1.5M-12.3%	-$1.3M+70.4%	-$4.4M
EPS (Diluted)	$0.02	$0.00	$0.00-100.0%	$0.01	$0.00+100.0%	$-0.010.0%	$-0.01+66.7%	$-0.03

TALK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$138.7M-2.5%	$142.2M-9.0%	$156.3M-30.1%	$223.6M+580.2%	$32.9M	N/A
Current Assets	$130.2M-6.9%	$139.8M-8.4%	$152.6M-28.5%	$213.3M+931.7%	$20.7M	N/A
Cash & Equivalents	$76.7M-38.1%	$123.9M-10.6%	$138.5M-30.1%	$198.3M+1396.5%	$13.2M-66.6%	$39.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$9.6M-5.2%	$10.2M+5.5%	$9.6M+74.9%	$5.5M-6.8%	$5.9M	N/A
Goodwill	N/A	N/A	$0-100.0%	$6.1M0.0%	$6.1M	N/A
Total Liabilities	$21.3M-9.7%	$23.6M-17.9%	$28.7M-8.3%	$31.3M-76.2%	$131.8M	N/A
Current Liabilities	$19.0M-12.1%	$21.6M-20.8%	$27.3M+0.5%	$27.2M+32.6%	$20.5M	N/A
Long-Term Debt	N/A	N/A	$300K	N/A	N/A	N/A
Total Equity	$117.4M-1.1%	$118.6M-7.0%	$127.5M-33.7%	$192.3M+294.4%	-$98.9M-24.2%	-$79.6M
Retained Earnings	-$269.2M+0.4%	-$270.4M-7.6%	-$251.2M-46.4%	-$171.5M-57.7%	-$108.8M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$129.1M-2.8%	$132.8M-1.1%	$134.2M-3.2%	$138.7M+3.7%	$133.8M-3.2%	$138.3M-2.8%	$142.2M+1.3%	$140.3M
Current Assets	$114.5M-5.1%	$120.7M-2.8%	$124.1M-4.7%	$130.2M+1.1%	$128.8M-5.1%	$135.7M-2.9%	$139.8M+1.5%	$137.7M
Cash & Equivalents	$39.5M-27.3%	$54.3M-9.5%	$60.1M-21.7%	$76.7M-33.3%	$114.9M-4.5%	$120.3M-2.9%	$123.9M-1.1%	$125.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$14.9M-3.2%	$15.4M+16.4%	$13.2M+37.4%	$9.6M-16.5%	$11.6M+4.7%	$11.0M+8.5%	$10.2M+27.6%	$8.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$20.0M+0.6%	$19.8M-4.7%	$20.8M-2.1%	$21.3M+7.8%	$19.7M+5.6%	$18.7M-20.7%	$23.6M+4.2%	$22.6M
Current Liabilities	$19.4M+4.5%	$18.5M-3.0%	$19.1M+0.5%	$19.0M+7.0%	$17.8M+13.3%	$15.7M-27.5%	$21.6M+3.8%	$20.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$109.1M-3.4%	$112.9M-0.4%	$113.4M-3.4%	$117.4M+2.9%	$114.0M-4.6%	$119.6M+0.8%	$118.6M+0.8%	$117.7M
Retained Earnings	-$266.2M+1.2%	-$269.5M-0.2%	-$268.9M+0.1%	-$269.2M+1.1%	-$272.3M-0.2%	-$271.9M-0.5%	-$270.4M-0.5%	-$269.1M

TALK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$11.7M+171.4%	-$16.4M+73.2%	-$61.1M+7.1%	-$65.7M-333.0%	-$15.2M+28.4%	-$21.2M
Capital Expenditures	N/A	$151K-56.9%	$350K-47.2%	$663K+426.2%	$126K-8.7%	$138K
Free Cash Flow	N/A	-$16.5M+73.1%	-$61.4M+7.5%	-$66.4M-333.8%	-$15.3M+28.3%	-$21.3M
Investing Cash Flow	-$46.7M-33043.3%	-$141K+55.5%	-$317K+52.2%	-$663K+94.1%	-$11.3M-8090.6%	-$138K
Financing Cash Flow	-$12.2M-742.5%	$1.9M+12.7%	$1.7M-99.3%	$251.4M+267327.7%	$94K-99.8%	$51.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$11.0M	$0	$0	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$4.7M+1452.7%	-$351K+71.7%	-$1.2M-130.4%	$4.1M-15.1%	$4.8M+241.8%	-$3.4M-121.6%	-$1.5M-37.2%	-$1.1M
Capital Expenditures	N/A	N/A	N/A	N/A	-$345K-189.6%	$385K+193.9%	$131K+1210.0%	$10K
Free Cash Flow	N/A	N/A	N/A	N/A	$4.5M+218.2%	-$3.8M-127.3%	-$1.7M-47.6%	-$1.1M
Investing Cash Flow	-$6.3M-166.8%	-$2.4M+73.8%	-$9.0M+79.0%	-$42.9M-2330.3%	-$1.8M-358.4%	-$385K-193.9%	-$131K-367.9%	-$28K
Financing Cash Flow	-$9.1M-202.3%	-$3.0M+52.5%	-$6.4M-82.3%	-$3.5M+58.5%	-$8.4M-5859.6%	$146K-38.4%	$237K-36.1%	$371K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$8.8M+353.6%	$1.9M-70.0%	$6.5M+115.5%	$3.0M-62.5%	$8.0M	$0	$0	$0

TALK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	45.8%-3.8pp	49.6%-0.9pp	50.5%-8.3pp	58.7%-6.7pp	65.4%+12.7pp	52.7%
Operating Margin	-2.4%+13.1pp	-15.5%+54.1pp	-69.5%+13.1pp	-82.6%-53.8pp	-28.8%+48.2pp	-77.1%
Net Margin	0.6%+13.4pp	-12.8%+53.8pp	-66.6%-11.4pp	-55.2%-25.8pp	-29.4%+46.8pp	-76.2%
Return on Equity	1.0%	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.8%+14.3pp	-13.5%+37.5pp	-51.0%-22.9pp	-28.1%+40.0pp	-68.0%	N/A
Current Ratio	6.84+0.4	6.46+0.9	5.58-2.3	7.85+6.8	1.01	N/A
Debt-to-Equity	0.18-0.0	0.20+0.2	0.00-0.2	0.16+1.5	-1.33	N/A
FCF Margin	N/A	-11.0%+40.3pp	-51.4%+7.0pp	-58.4%-38.3pp	-20.1%+35.8pp	-55.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	44.6%+0.4pp	44.2%-1.3pp	45.5%-2.4pp	47.9%-1.6pp	49.4%+0.7pp	48.8%
Operating Margin	3.7%+7.0pp	-3.3%-1.2pp	-2.1%-3.3pp	1.2%+8.7pp	-7.6%-3.9pp	-3.7%+45.0pp	-48.7%-35.3pp	-13.4%
Net Margin	5.5%+6.5pp	-1.0%-1.6pp	0.6%-1.9pp	2.5%+3.5pp	-1.0%+2.2pp	-3.2%-0.2pp	-3.1%+8.3pp	-11.4%
Return on Equity	3.0%	N/A	0.3%-0.8pp	1.0%	N/A	N/A	N/A	N/A
Return on Assets	2.5%+2.9pp	-0.4%-0.7pp	0.2%-0.6pp	0.9%+1.2pp	-0.4%+0.7pp	-1.1%-0.1pp	-0.9%+2.2pp	-3.1%
Current Ratio	5.91-0.6	6.51+0.0	6.49-0.4	6.84-0.4	7.24-1.4	8.65+2.2	6.46-0.1	6.60
Debt-to-Equity	0.180.0	0.180.0	0.180.0	0.180.0	0.17+0.0	0.16-0.0	0.200.0	0.19
FCF Margin	N/A	N/A	N/A	N/A	9.7%+18.0pp	-8.3%-4.4pp	-3.9%-1.0pp	-2.9%

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Frequently Asked Questions

What is Talkspace Inc's annual revenue?

Talkspace Inc (TALK) reported $187.6M in total revenue for fiscal year 2024. This represents a 25.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Talkspace Inc's revenue growing?

Talkspace Inc (TALK) revenue grew by 25% year-over-year, from $150.0M to $187.6M in fiscal year 2024.

Is Talkspace Inc profitable?

Yes, Talkspace Inc (TALK) reported a net income of $1.1M in fiscal year 2024, with a net profit margin of 0.6%.

What is Talkspace Inc's earnings per share (EPS)?

Talkspace Inc (TALK) reported diluted earnings per share of $0.01 for fiscal year 2024. This represents a 108.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Talkspace Inc's EBITDA?

Talkspace Inc (TALK) had EBITDA of -$3.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Talkspace Inc's gross margin?

Talkspace Inc (TALK) had a gross margin of 45.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Talkspace Inc's operating margin?

Talkspace Inc (TALK) had an operating margin of -2.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Talkspace Inc's net profit margin?

Talkspace Inc (TALK) had a net profit margin of 0.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Talkspace Inc's return on equity (ROE)?

Talkspace Inc (TALK) has a return on equity of 1.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Talkspace Inc's operating cash flow?

Talkspace Inc (TALK) generated $11.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Talkspace Inc's total assets?

Talkspace Inc (TALK) had $138.7M in total assets as of fiscal year 2024, including both current and long-term assets.

How much does Talkspace Inc spend on research and development?

Talkspace Inc (TALK) invested $10.5M in research and development during fiscal year 2024.

Does Talkspace Inc buy back shares?

Yes, Talkspace Inc (TALK) spent $11.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Talkspace Inc have outstanding?

Talkspace Inc (TALK) had 169M shares outstanding as of fiscal year 2024.

What is Talkspace Inc's current ratio?

Talkspace Inc (TALK) had a current ratio of 6.84 as of fiscal year 2024, which is generally considered healthy.

What is Talkspace Inc's debt-to-equity ratio?

Talkspace Inc (TALK) had a debt-to-equity ratio of 0.18 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Talkspace Inc's return on assets (ROA)?

Talkspace Inc (TALK) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Talkspace Inc's Piotroski F-Score?

Talkspace Inc (TALK) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Talkspace Inc's earnings high quality?

Talkspace Inc (TALK) has an earnings quality ratio of 10.20x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Talkspace Inc?

Talkspace Inc (TALK) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.