TALK · Talkspace, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.68M | - | $59.38M | $54.31M | $52.18M | - | $47.40M | $46.06M | $45.42M | - |
| Cost of Revenue | - | - | - | - | $28.90M | - | $25.78M | $25.11M | $23.68M | - |
| Gross Profit | - | - | - | - | $23.28M | - | $21.62M | $20.95M | $21.73M | - |
| R&D | $2.66M | - | $1.78M | $2.56M | $3.32M | - | $2.35M | $2.16M | $3.74M | - |
| SG&A | $12.82M | - | $5.09M | $5.73M | $5.21M | - | $5.16M | $7.34M | $5.20M | - |
| Total Operating Expenses | $68.81M | - | $57.18M | $56.10M | $24.37M | - | $21.52M | $24.44M | $23.41M | - |
| D&A | $1.54M | - | $231.0K | $220.0K | $666.0K | - | - | - | $201.0K | - |
| Operating Income | ($7.13M) | - | $2.20M | ($1.79M) | ($1.08M) | - | $99.0K | ($3.49M) | $1.68M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $124.0K | - | $25.0K | $76.0K | $123.0K | - | ($74.0K) | $32.0K | $165.0K | - |
| Net Income | ($6.31M) | - | $3.25M | ($541.0K) | $318.0K | - | $1.87M | ($474.0K) | ($1.47M) | - |
| EPS - Basic | ($0.04) | - | $0.02 | - | $0.00 | - | $0.01 | $0.00 | ($0.01) | - |
| EPS - Diluted | ($0.04) | - | $0.02 | - | $0.00 | - | $0.01 | $0.00 | ($0.01) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $31.41M | $37.35M | $39.51M | $54.34M | $60.08M | $76.69M | $118.99M | $114.91M | $120.28M | $123.91M |
| Accounts Receivable | $23.59M | $16.06M | $14.93M | $15.42M | $13.25M | $9.64M | $9.60M | $11.55M | $11.04M | $10.17M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $11.65M | $8.50M | $9.62M | $8.62M | $10.53M | $7.71M | $8.30M | $7.73M | $5.80M | $6.11M |
| Current Assets | $110.50M | $111.06M | $114.48M | $120.67M | $124.12M | $130.18M | $131.52M | $128.77M | $135.73M | $139.80M |
| Total Assets | $136.19M | $134.86M | $129.06M | $132.79M | $134.25M | $138.68M | $138.23M | $133.79M | $138.28M | $142.22M |
| Current Liabilities | $22.81M | $17.40M | $19.38M | $18.54M | $19.12M | $19.02M | $19.05M | $17.78M | $15.69M | $21.65M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $23.14M | $17.85M | $19.95M | $19.84M | $20.83M | $21.28M | $20.64M | $19.75M | $18.70M | $23.57M |
| Stockholders' Equity | $113.06M | $117.02M | $109.11M | $112.94M | $113.42M | $117.39M | $117.59M | $114.04M | $119.58M | $118.65M |
| Retained Earnings | ($267.75M) | ($261.44M) | ($266.21M) | ($269.46M) | ($268.92M) | ($269.24M) | ($270.45M) | ($272.32M) | ($271.85M) | ($270.38M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.42M) | - | - | - | ($1.24M) | - | - | - | ($3.39M) | - |
| Investing Cash Flow | ($793.0K) | - | - | - | ($9.02M) | - | - | - | ($385.0K) | - |
| Financing Cash Flow | ($730.0K) | - | - | - | ($6.36M) | - | - | - | $146.0K | - |
| CapEx | - | - | - | - | - | - | - | - | $385.0K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($3.78M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | 44.6% | - | 45.6% | 45.5% | 47.8% | - |
| Operating margin | -11.6% | - | 3.7% | -3.3% | -2.1% | - | 0.2% | -7.6% | 3.7% | - |
| EBITDA margin | -9.1% | - | 4.1% | -2.9% | -0.8% | - | - | - | 4.1% | - |
| Net margin | -10.2% | - | 5.5% | -1.0% | 0.6% | - | 4.0% | -1.0% | -3.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -8.3% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 2.58 | - |
| R&D / Revenue | 4.3% | - | 3.0% | 4.7% | 6.4% | - | 5.0% | 4.7% | 8.2% | - |
| SG&A / Revenue | 20.8% | - | 8.6% | 10.5% | 10.0% | - | 10.9% | 15.9% | 11.4% | - |
| Effective tax rate | - | - | 0.8% | - | 27.9% | - | -4.1% | - | - | - |
| Return on assets | -4.6% | - | 2.5% | -0.4% | 0.2% | - | 1.4% | -0.4% | -1.1% | - |
| Return on equity | -5.6% | - | 3.0% | -0.5% | 0.3% | - | 1.6% | -0.4% | -1.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.84 | 6.38 | 5.91 | 6.51 | 6.49 | 6.84 | 6.90 | 7.24 | 8.65 | 6.46 |
| Quick ratio | 4.84 | 6.38 | 5.91 | 6.51 | 6.49 | 6.84 | 6.90 | 7.24 | 8.65 | 6.46 |
| Cash ratio | 1.38 | 2.15 | 2.04 | 2.93 | 3.14 | 4.03 | 6.25 | 6.46 | 7.67 | 5.72 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.20 | 1.15 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.17 | 1.16 | 1.20 |
| Liabilities / Assets | 0.17 | 0.13 | 0.15 | 0.15 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.17 |
| Efficiency | ||||||||||
| Asset turnover | 0.45 | - | 0.46 | 0.41 | 0.39 | - | 0.34 | 0.34 | 0.33 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 140d | - | 92d | 104d | 93d | - | 74d | 92d | 89d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | 133d | - | 118d | 112d | 89d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 138.0x | - | - | - | 209.0x | - | - | - |
| P / B | 7.6x | - | 4.3x | 4.1x | 4.0x | - | 3.1x | 3.4x | 5.0x | - |
| P / S | 14.0x | - | 8.0x | 8.6x | 8.6x | - | 7.7x | 8.4x | 13.3x | - |
| EV / EBITDA | - | - | 178.6x | - | - | - | - | - | 256.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 18.2% | - | 25.3% | 17.9% | 14.9% | - | 22.6% | 29.2% | 36.2% | - |
| Revenue CAGR (3y) | 22.8% | - | 26.5% | 22.1% | 24.3% | - | 21.6% | 37.1% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | 7.1% | - | 14.7% | 17.6% | 29.8% | - |
| Operating income growth (YoY) | -556.9% | - | 2120.2% | 48.7% | - | - | -98.1% | - | -81.4% | - |
| Net income growth (YoY) | - | - | 73.5% | -14.1% | - | - | - | 89.9% | 83.3% | - |
| EPS growth (YoY) | - | - | 100.0% | - | - | - | - | - | 92.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 0.0% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 73.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -0.3% | -0.3% | -7.2% | -1.0% | -5.2% | -1.1% | -0.1% | -4.8% | -1.7% | -7.0% |
Peer comparison
Same SIC group: Services-Health Services
Comparing Talkspace against the 5 most active filers in the same SIC group.