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Talkspace Announces Fourth Quarter and Full Year 2025 Results

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Talkspace (NASDAQ:TALK) reported 4Q25 revenue of $63.0M, up 29% year-over-year, and full-year 2025 revenue of $228.9M, up 22% year-over-year. 4Q25 net income was $4.8M and adjusted EBITDA was $6.6M; full-year adjusted EBITDA grew 127% to $15.8M.

The company cited Payor revenue growth (+41% in 4Q, +38% full-year) offsetting a 30% decline in Consumer revenue, and provided 2026 guidance of $275M–$290M revenue and $30M–$35M adjusted EBITDA.

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Positive

  • Revenue +29% in 4Q25 to $63.0M
  • Full-year revenue +22% to $228.9M
  • Adjusted EBITDA +127% YoY to $15.8M for 2025
  • Payor revenue growth: 41% in 4Q25 and 38% for 2025
  • 2026 guidance: revenue $275M–$290M and adjusted EBITDA $30M–$35M

Negative

  • Consumer revenue declined 30% year-over-year
  • Cost of revenue ex D&A rose 33% in 4Q25 to $36.1M
  • Total costs and operating expenses increased 23% in 4Q25

News Market Reaction – TALK

+25.95% 3.1x vol
37 alerts
+25.95% News Effect
+26.1% Peak in 2 hr 27 min
+$175M Valuation Impact
$848M Market Cap
3.1x Rel. Volume

On the day this news was published, TALK gained 25.95%, reflecting a significant positive market reaction. Argus tracked a peak move of +26.1% during that session. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $175M to the company's valuation, bringing the market cap to $848M at that time. Trading volume was very high at 3.1x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 revenue: $63.0M Q4 2025 net income: $4.8M Q4 2025 adjusted EBITDA: $6.6M +5 more
8 metrics
Q4 2025 revenue $63.0M 4Q 2025 total revenue, up 29% year-over-year
Q4 2025 net income $4.8M Fourth quarter 2025 net income, up 293% year-over-year
Q4 2025 adjusted EBITDA $6.6M Fourth quarter 2025 adjusted EBITDA, up 147% year-over-year
FY 2025 revenue $228.9M Full-year 2025 total revenue, up 22% year-over-year
FY 2025 net income $7.8M Full-year 2025 net income, up 579% year-over-year
FY 2025 adjusted EBITDA $15.8M Full-year 2025 adjusted EBITDA, up 127% year-over-year
2026 revenue guidance $275M–$290M Company’s 2026 revenue outlook range
2026 adjusted EBITDA guide $30M–$35M Company’s 2026 adjusted EBITDA outlook range

Market Reality Check

Price: $4.83 Vol: Volume 1,329,602 vs 20-da...
normal vol
$4.83 Last Close
Volume Volume 1,329,602 vs 20-day average 1,298,447 (relative volume 1.02) shows typical trading activity ahead of results. normal
Technical Price $3.93 is trading above the $3.07 200-day MA and sits 9.76% below the 52-week high of $4.355.

Peers on Argus

TALK was up 2.61% while key peers were mixed: NRC up 2.24%, SY up 0.64%, OPRX up...

TALK was up 2.61% while key peers were mixed: NRC up 2.24%, SY up 0.64%, OPRX up 0.96%, but DH down 0.63% and SPOK down 1.75%, indicating a stock-specific move around earnings rather than a broad sector rotation.

Previous Earnings Reports

5 past events · Latest: Oct 30 (Positive)
Same Type Pattern 5 events
Date Event Sentiment Move Catalyst
Oct 30 Q3 2025 earnings Positive +4.7% Q3 2025 revenue and payor growth with higher net income and EBITDA.
Aug 05 Q2 2025 earnings Positive -3.8% Q2 2025 double‑digit revenue growth and improved adjusted EBITDA.
May 06 Q1 2025 earnings Positive +0.5% Q1 2025 revenue growth and swing to net income with higher EBITDA.
Feb 20 FY/Q4 2024 earnings Positive -14.8% Strong FY and Q4 2024 growth with initial positive net income and EBITDA.
Oct 29 Q3 2024 earnings Positive +18.2% Q3 2024 revenue growth, positive net income, and higher adjusted EBITDA.
Pattern Detected

Earnings releases have generally been positive, with 3 price gains and 2 selloffs, showing that even solid results can trigger profit-taking.

Recent Company History

Over the last five earnings cycles, Talkspace has shown consistent revenue growth and improving profitability. Q3 2024 and Q4 2024 marked a shift to positive net income and adjusted EBITDA. Through 2025, each quarter (Q1–Q3) delivered double‑digit revenue growth, rising payor sessions, and steadily higher adjusted EBITDA, with management repeatedly reaffirming or tightening guidance. Price reactions have been mixed, with notable upside after some quarters and sharp pullbacks after others, framing today’s strong Q4 and full‑year 2025 results within an established improvement trend.

Historical Comparison

+1.0% avg move · In the past five earnings releases, TALK’s average move was about 0.96%, with both sharp gains and n...
earnings
+1.0%
Average Historical Move earnings

In the past five earnings releases, TALK’s average move was about 0.96%, with both sharp gains and notable selloffs, so reactions to results have been variable.

Earnings releases from Q3 2024 through Q3 2025 show steady revenue expansion, a turn to sustained net income, and rising adjusted EBITDA, with guidance repeatedly emphasizing continued payor-driven growth.

Market Pulse Summary

The stock surged +25.9% in the session following this news. A strong positive reaction aligns with t...
Analysis

The stock surged +25.9% in the session following this news. A strong positive reaction aligns with the company’s pattern of improving fundamentals, including rising revenue and expanding adjusted EBITDA highlighted in recent quarters. Past earnings have produced both rallies and sharp pullbacks, so elevated levels could face profit-taking, especially after prior swings around results. Investors monitoring sustainability often focus on continued payor growth, expense discipline, and execution against the $275M–$290M revenue and $30M–$35M adjusted EBITDA guidance.

Key Terms

adjusted EBITDA, non-GAAP financial measure
2 terms
adjusted EBITDA financial
"4Q 2025 net income of $4.8 million and adjusted EBITDA 1 of $6.6 million"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
non-GAAP financial measure financial
"Adjusted EBITDA is a non-GAAP financial measure."
A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

AI-generated analysis. Not financial advice.

4Q 2025 total revenue grew 29% year-over-year to $63.0 million
4Q 2025 net income of $4.8 million and adjusted EBITDA1 of $6.6 million
 
Full-year 2025 total revenue grew 22% year-over-year to $228.9 million
Full-year 2025 net income of $7.8 million
Full-year 2025 adjusted EBITDA1 grew 127% year-over-year to $15.8 million
 

NEW YORK, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK), today reported fourth quarter and full year 2025 financial results.

  Three Months Ended
December 31,

 Year Ended
December 31,

 
  2025 2024
 2025
 2024
 
  Results % Variance
from Prior
Year

 Results
 % Variance
from Prior
Year

 
(In thousands unless otherwise noted)
Unaudited
 Unaudited  
Number of completed Payor sessions
 449.7  36%  1,617.0  32% 
Number of unique active Payor members
 124.1  30%  N/A  N/A  
                
Total revenue
$62,998  29% $228,871  22% 
Total costs and operating expenses
$59,169  23% $225,719  18% 
Net income
$4,765  293% $7,793  579% 
Adjusted EBITDA (1)
$6,566  147% $15,772  127% 
Cash and cash equivalents at year-end
$37,352    $37,352    
Short-term marketable securities at year-end
$55,234    $55,234    
                
(1)Adjusted EBITDA is a non-GAAP financial measure. For a definition of the measure and a reconciliation to the most directly comparable GAAP measure, see “Reconciliation of GAAP Results to Non-GAAP Results.”
                

Dr. Jon Cohen, CEO of Talkspace, said, “Talkspace concluded 2025 with strong momentum, driven by a record fourth quarter where we successfully prioritized network curation, product innovation, and deeper payor integrations. These strategic initiatives delivered 29% year-over-year growth with $63.0 million quarterly revenue and a 22% year-over-year increase in total annual revenue to $228.9 million. With our proprietary AI agent now in active beta and set to launch later this year, we are well-positioned to deliver sustainable growth and long-term value in 2026.”

Fourth Quarter 2025 Key Performance Metrics

  • Revenue increased 29% over the prior-year period to $63.0 million, driven by a 41% year-over-year increase in Payor revenue, partially offset by a 30% year-over-year decline in Consumer revenue.
  • Cost of revenue, excluding depreciation and amortization, increased 33% over the prior-year period to $36.1 million, driven by a higher number of completed Payor sessions.
  • Total costs and operating expenses were $59.2 million, an increase of 23% year-over-year, primarily due to an increase in cost of revenue, excluding depreciation and amortization.
  • Net income was $4.8 million, an increase of 293% over the prior-year period, primarily driven by an increase in revenue, partially offset by an increase in cost of revenue, excluding depreciation and amortization.
  • Adjusted EBITDA was $6.6 million, an improvement from $2.7 million adjusted EBITDA in the fourth quarter of 2024, primarily driven by an increase in revenue, partially offset by an increase in cost of revenue, excluding depreciation and amortization.

Full Year 2025 Key Performance Metrics

  • Revenue increased 22% over the prior-year to $228.9 million, driven by a 38% year-over-year increase in Payor revenue, partially offset by a 30% year-over-year decline in Consumer revenue.
  • Cost of revenue, excluding depreciation and amortization, increased 29% over the prior-year to $130.5 million, driven by a higher number of completed Payor sessions.
  • Total costs and operating expenses were $225.7 million, an increase of 18% year-over-year, primarily due to an increase in cost of revenue, excluding depreciation and amortization.
  • Net income was $7.8 million, an increase of 579% over the prior-year, primarily driven by an increase in revenue, partially offset by an increase in cost of revenue, excluding depreciation and amortization.
  • Adjusted EBITDA was $15.8 million, an improvement from $7.0 million adjusted EBITDA in 2024, primarily driven by an increase in revenue, partially offset by an increase in cost of revenue, excluding depreciation and amortization.

Financial Guidance

The following guidance is based on current market conditions and expectations, and the information available to the Company today. For 2026 Talkspace expects:

  • Revenue to be in the range of $275 million to $290 million
  • Adjusted EBITDA to be in the range of $30 million to $35 million

Conference Call, Presentation Slides, and Webcast Details

The Fourth Quarter 2025 earnings conference call and webcast will be held Thursday, February 19, 2026, at 8:30 a.m. E.T. The conference call will be available via audio webcast at investors.talkspace.com and can also be accessed by dialing (800) 225-9448 for U.S. participants, or +1 (203) 518-9708 for international participants, and referencing conference code ID: TALKQ425. A replay will be available shortly after the call’s completion and remain available for approximately 90 days.

About Talkspace

Talkspace (NASDAQ: TALK) is a leading virtual behavioral healthcare provider committed to helping people lead healthier, happier lives through access to high-quality mental healthcare. At Talkspace, we believe that mental healthcare is core to overall health and should be available to everyone.

Talkspace pioneered the ability to text with a licensed therapist from anywhere and now offers a comprehensive suite of mental health services, including therapy for individuals, teens, and couples, as well as psychiatric treatment and medication management (18+). With Talkspace’s core therapy offerings, members are matched with one of thousands of licensed therapists within days and can engage in live video, audio, or chat sessions, and/or unlimited asynchronous text messaging sessions.

All care offered at Talkspace is delivered through an easy-to-use, fully-encrypted web and mobile platform that meets HIPAA, federal, and state regulatory requirements. Most Americans have access to Talkspace through their health insurance plans, employee assistance programs, our partnerships with leading healthcare companies, or as a free benefit through their employer, school, or government agency.

For more information, visit www.talkspace.com.

For Investors:
ICR Westwicke
TalkspaceIR@westwicke.com

For Media:
press@talkspace.com

Forward Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking, including statements regarding our financial condition, anticipated financial performance, business strategy and plans, market opportunity and expansion and objectives of our management for future operations. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strategy,” “strive,” “target,” “will,” or “would,” the negative of these words or other similar terms or expressions. The absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many important factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) rapid technological change in our industry; (ii) our ability to secure clients' contract renewals; (iii) our ability to maintain and expand our network of therapists, psychiatrists and other providers; (iv) a decline in the prevalence of enterprise-sponsored healthcare or the emergence of new technologies may adversely impact our DTE business; (v) if our or our vendors’ security measures fail or are breached; (vi) changes in healthcare laws, regulations or trends and our ability to operate in the heavily regulated healthcare industry; and (vii) the other factors, risks and uncertainties described under the caption “Risk Factors” in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 12, 2025, subsequent quarterly reports on Form 10-Q and our other documents filed from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise unless required to do so under applicable law. We do not give any assurance that we will achieve our expectations.

Talkspace, Inc.
Consolidated Income Statements
 
 Three Months Ended
December 31,
  Year Ended
December 31,
  
 2025
 2024
 % Change 2025
 2024
 % Change 
(in thousands, except percentages, share and per
share data)
Unaudited Unaudited   Unaudited     
Revenue:                      
Payor revenue$47,663  $33,847  40.8  $171,518  $124,339  37.9  
DTE revenue 11,634   9,555  21.8   39,880   38,466  3.7  
Consumer revenue 3,701   5,318  (30.4)  17,473   24,788  (29.5) 
Total revenue 62,998   48,720  29.3   228,871   187,593  22.0  
Costs and operating expenses:                      
Cost of revenue, excluding
depreciation and amortization
 36,075   27,075  33.2   130,522   101,311  28.8  
Research and development 2,357   2,232  5.6   9,544   10,280  (7.2) 
Clinical operations, net 1,793   1,740  3.0   7,208   6,542  10.2  
Sales and marketing 12,380   11,990  3.3   53,803   50,525  6.5  
General and administrative 5,743   4,907  17.0   21,767   22,573  (3.6) 
Depreciation and amortization 821   207  296.6   2,875   859  234.7  
Total costs and operating expenses 59,169   48,151  22.9   225,719   192,090  17.5  
Income (loss) from operations 3,829   569  572.9   3,152   (4,497) *  
Financial income, net (1,286)  (616) 108.8   (5,215)  (5,739) (9.1) 
Income before income taxes 5,115   1,185  331.6   8,367   1,242  573.7  
Income tax expense (benefit) 350   (29) *   574   94  510.6  
Net income$4,765  $1,214  292.5  $7,793  $1,148  578.8  
Net income per share:                      
Basic$0.03  $0.01  200.0  $0.05  $0.01  400.0  
Diluted$0.03  $0.01  200.0  $0.04  $0.01  300.0  
Weighted average shares used to
compute net income per share:
                      
Basic 166,001,374   169,202,561      167,089,060   168,906,900     
Diluted 171,866,106   176,711,336      173,648,431   176,495,872     
 
* Percentage not meaningful.
 


Talkspace, Inc.
Consolidated Statements of Comprehensive Income
 
 Three Months Ended
December 31,
   Year Ended
December 31,
   
 2025
 2024 % Change 2025 2024 % Change 
(in thousands)Unaudited
 Unaudited   Unaudited     
Net income$4,765  $1,214 292.5 $7,793 $1,148 578.8 
Other comprehensive income (loss):                 
Change in unrealized gain (loss) on
marketable debt securities
 (4)  2 *  55  2 * 
Total other comprehensive income (loss) (4)  2 *  55  2 * 
Total comprehensive income$4,761  $1,216 291.5 $7,848 $1,150 582.4 
 
* Percentage not meaningful.
 


Talkspace, Inc.
Consolidated Balance Sheets
 
 December 31, 2025
 December 31, 2024
 
(in thousands)Unaudited
   
ASSETS        
CURRENT ASSETS:        
Cash and cash equivalents$37,352  $76,692  
Marketable securities 55,234   41,118  
Accounts receivable, net 16,061   9,643  
Other current assets 2,415   2,729  
Total current assets 111,062   130,182  
Fixed assets, net 15,794   6,259  
Goodwill 3,318     
Other long-term assets 4,689   2,236  
Total assets$134,863  $138,677  
LIABILITIES AND STOCKHOLDERS’ EQUITY        
CURRENT LIABILITIES:        
Accounts payable$8,501  $7,710  
Accrued expenses and other current liabilities 6,672   8,031  
Deferred revenue 2,223   3,282  
Total current liabilities 17,396   19,023  
Other long-term liabilities 452   2,259  
Total liabilities 17,848   21,282  
STOCKHOLDERS’ EQUITY:        
Common stock 17   17  
Additional paid-in capital 378,384   386,612  
Accumulated deficit (261,443)  (269,236) 
Accumulated other comprehensive income 57   2  
Total stockholders’ equity 117,015   117,395  
Total liabilities and stockholders’ equity$134,863  $138,677  
 


Talkspace, Inc.
Consolidated Statements of Cash Flows
 
 Year Ended
December 31,

 
 2025
 2024
 
(in thousands)Unaudited
   
Cash flows from operating activities:        
Net income$7,793  $1,148  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 2,875   859  
Accretion of discount on marketable securities (856)  (417) 
Stock-based compensation 8,445   9,173  
Remeasurement of warrant liabilities (1,491)  (152) 
(Increase) decrease in accounts receivable, net (6,418)  531  
Decrease in other current assets 405   2,989  
Increase in accounts payable 791   1,599  
(Decrease) increase in deferred revenue (1,182)  213  
Decrease in accrued expenses and other current liabilities (1,644)  (4,437) 
Other (184)  (219) 
Net cash provided by operating activities 8,534   11,287  
Cash flows from investing activities:        
Purchases of marketable securities (49,344)  (40,701) 
Proceeds from maturities of marketable securities 36,084     
Capitalized internal-use software costs (10,641)  (5,443) 
Acquisition of business, net of cash acquired (4,904)    
Other (72)  (171) 
Net cash used in investing activities (28,877)  (46,315) 
Cash flows from financing activities:        
Proceeds from exercise of stock options 913   2,010  
Payments for employee taxes withheld related to vested stock-based awards (2,707)  (3,195) 
Repurchase of common stock for retirement (17,203)  (11,003) 
Net cash used in financing activities (18,997)  (12,188) 
         
Net decrease in cash and cash equivalents (39,340)  (47,216) 
Cash and cash equivalents at beginning of the year 76,692   123,908  
Cash and cash equivalents at end of the year$37,352  $76,692  
 

Non-GAAP Financial Measures

In addition to our financial results determined in accordance with GAAP, we believe adjusted EBITDA, a non-GAAP measure, is useful in evaluating our operating performance, and our management uses it as a key performance measure to assess our operating performance. Because adjusted EBITDA facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure for business planning purposes and in evaluating acquisition opportunities. We also use adjusted EBITDA to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that this non-GAAP financial measure, when taken together with the corresponding GAAP financial measures, provides meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. We believe that the use of adjusted EBITDA is helpful to our investors as it is a metric used by management in assessing the health of our business and our operating performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP.

Some of the limitations of adjusted EBITDA include (i) adjusted EBITDA does not necessarily reflect capital commitments to be paid in the future and (ii) although depreciation and amortization are non-cash charges, the underlying assets may need to be replaced and adjusted EBITDA does not reflect these requirements. In evaluating adjusted EBITDA, you should be aware that in the future we will incur expenses similar to the adjustments described herein. Our presentation of adjusted EBITDA should not be construed as an inference that our future results will be unaffected by these expenses or any unusual or non-recurring items. Our adjusted EBITDA may not be comparable to similarly titled measures of other companies because they may not calculate adjusted EBITDA in the same manner as we calculate the measure, limiting its usefulness as a comparative measure. Adjusted EBITDA should not be considered as an alternative to income (loss) before income taxes, net income (loss), income (loss) per share, or any other performance measures derived in accordance with U.S. GAAP. When evaluating our performance, you should consider adjusted EBITDA alongside other financial performance measures, including our net income and other GAAP results.

A reconciliation is provided below for adjusted EBITDA to net income, the most directly comparable financial measure stated in accordance with GAAP. Investors are encouraged to review our financial statements prepared in accordance with GAAP and the reconciliation of our non-GAAP financial measure to its most directly comparable GAAP financial measure, and not to rely on any single financial measure to evaluate our business. We do not provide a forward-looking reconciliation of adjusted EBITDA guidance as the amount and significance of the reconciling items required to develop meaningful comparable GAAP financial measures cannot be estimated at this time without unreasonable efforts. These reconciling items could be meaningful.

Adjusted EBITDA

We calculate adjusted EBITDA as net income adjusted to exclude (i) depreciation and amortization, (ii) stock-based compensation expense, (iii) financial income, net, (iv) income tax expense (benefit), and (v) certain non-recurring expenses, where applicable.

Talkspace, Inc.
Reconciliation of GAAP Results to Non-GAAP Results
                  
(Unaudited)
      
  Three Months Ended
December 31,

 Year Ended
December 31,

 
  2025
 2024
 2025
 2024
 
(in thousands)
                
Net income
$4,765  $1,214  $7,793  $1,148  
Add:
                
Depreciation and amortization
 821   207   2,875   859  
Stock-based compensation
 1,916   1,883   8,445   9,173  
Financial income, net
 (1,286)  (616)  (5,215)  (5,739) 
Income tax expense (benefit)
 350   (29)  574   94  
Non-recurring expenses (1)
       1,300   1,427  
Adjusted EBITDA
$6,566  $2,659  $15,772  $6,962  
  
(1)For the year-ended December 31, 2025, non-recurring expenses primarily consisted of acquisition related expenses and severance costs related to the departure of a key executive of the Company. For the year-ended December 31, 2024, non-recurring expenses primarily consisted of severance costs related to the departure of key executives of the Company and other related costs.
  

FAQ

What were Talkspace (TALK) fourth quarter 2025 results?

Talkspace reported 4Q25 revenue of $63.0M and net income of $4.8M. According to the company, adjusted EBITDA for 4Q25 was $6.6M and total costs increased due to higher Payor session volumes.

How did Talkspace (TALK) perform for full-year 2025?

Talkspace reported 2025 revenue of $228.9M and net income of $7.8M. According to the company, adjusted EBITDA rose 127% to $15.8M driven by Payor revenue expansion despite Consumer revenue declines.

What drove Talkspace's revenue growth in 2025 for TALK?

Revenue growth was driven primarily by Payor revenue, which rose 41% in 4Q25 and 38% for the year. According to the company, higher completed Payor sessions were the key driver.

What guidance did Talkspace (TALK) give for 2026?

Talkspace guided 2026 revenue of $275M–$290M and adjusted EBITDA of $30M–$35M. According to the company, this guidance reflects current market conditions and expectations available today.

How did Talkspace's consumer business affect results for TALK in 2025?

Consumer revenue fell 30% year-over-year, partially offsetting Payor gains. According to the company, the decline in Consumer revenue reduced overall growth rates despite strong Payor performance.

What margin and cost trends did Talkspace (TALK) report for 4Q25?

Cost of revenue excluding D&A rose 33% in 4Q25 to $36.1M, increasing total operating expenses. According to the company, higher Payor session volumes were the primary reason for the cost increase.
Talkspace Inc

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