AI Earnings Predictions for Talkspace Inc. (TALK)

EX-99.1

2 talk-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Talkspace Announces Fourth Quarter and Full Year 2025 Results

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, New York - February 19, 2026 – 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.”

1

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

2

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 ID: TALKQ425. A replay will be available shortl

EX-99.1

2 talk-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Talkspace Announces Third Quarter 2025 Results

3Q 2025 Total revenue grew 25% year-over-year to $59.4 million

driven by 42% year-over-year growth in Payor revenue

3Q 2025 Net income of $3.3 million and adjusted EBITDA1 of $5.0 million

3Q 2025 Share repurchases of $8.8 million

NEW YORK, New York - October 30, 2025 – Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK), today reported third quarter 2025 financial results.

Three Months Ended September 30,

Nine Months Ended September 30,

2025

2024

2025

2024

Unaudited

Results

% Variance from Prior Year

Results

% Variance from Prior Year

(In thousands unless otherwise noted)

Number of completed Payor sessions during the period

432.2

37

%

1,167.3

30

%

Number of unique active Payor members during the period

120.6

29

%

N/A

N/A

Total revenue

$

59,381

25

%

$

165,873

19

%

Costs and operating expenses

$

57,183

21

%

$

166,550

16

%

Net income

$

3,251

73

%

$

3,028

*

Adjusted EBITDA (1)

$

4,968

111

%

$

9,206

114

%

Cash, cash equivalents and restricted cash at period end

$

43,653

—

$

43,653

—

Short-term marketable securities at period end

$

52,100

—

$

52,100

—

(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.”

* Percentage not meaningful.

Dr. Jon Cohen, CEO of Talkspace, said, “I’m pleased with the work our team accomplished this quarter to drive positive momentum through product enhancements, new marketing strategies, and additional payor partnerships. These efforts helped to deliver record quarterly revenue of $59.4 million, while further accelerating year-over-year growth of payor sessions by 37% and active payor members by 29%. Our focus on broadening our suite of mental health services, particularly through our recently announced acquisition of Wisdo Health, and the progress we have made with our AI initiatives will help to ensure that Talkspace can deliver on our mission of bringing affordable behavioral health access to more members.”

1

Third Quarter 2025 Key Performance Metrics

• Revenue increased 25% over the prior-year period to $59.4 million, driven by a 42% year-over-year increase in Payor revenue, partially offset by a 23% year-over-year decline in Consumer revenue.

• Cost of revenue, excluding depreciation and amortization, increased 35% over the prior-year period to $34.7 million, driven by a higher number of completed Payor sessions.

• Total costs and operating expenses were $57.2 million, an increase of 21% year-over-year, primarily due to an increase in cost of revenue, excluding depreciation and amortization.

• Net income was $3.3 million, an increase of 73% 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 $5.0 million, an improvement from $2.4 million adjusted EBITDA in the third quarter of 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 2025 Talkspace has updated its guidance as follows:

• Revenue to be in the range of $226 million to $230 million (updated from $220 million - $235 million)

• Adjusted EBITDA to be in the range of $14 million to $16 million (updated from $14 million - $20 million)

2

Conference Call, Presentation Slides, and Webcast Details

The Third Quarter 2025 earnings conference call and webcast will be held Thursday, October 30, 2025, 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 (888) 596-4144 for U.S. participants, or +1 (646) 968-2525 for international participants, and referencing participant code 9108029. 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 ses

EX-99.1

2 talk-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Talkspace Announces Second Quarter 2025 Results

2Q 2025 Total revenue grew 18% year-over-year to $54.3 million

driven by 35% year-over-year growth in Payor revenue

2Q 2025 Net loss of $0.5 million and adjusted EBITDA1 of $2.3 million

2Q 2025 Share repurchases of $1.4 million

NEW YORK, New York - August 5, 2025 – Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK), today reported second quarter 2025 financial results.

Three Months Ended June 30,

Six Months Ended June 30,

2025

2024

2025

2024

Unaudited

Results

% Variance from Prior Year

Results

% Variance from Prior Year

(In thousands unless otherwise noted)

Number of completed Payor sessions during the period

385.1

29

%

735.1

26

%

Number of unique active Payor members during the period

111.2

25

%

N/A

N/A

Total revenue

$

54,310

18

%

$

106,492

16

%

Costs and operating expenses

$

56,100

13

%

$

109,367

13

%

Net loss

$

(541

)

(14

)%

$

(223

)

89

%

Adjusted EBITDA (1)

$

2,282

94

%

$

4,238

117

%

Cash and cash equivalents at period end

$

54,342

—

$

54,342

—

Short-term marketable securities

$

48,427

—

$

48,427

—

(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, “I’m pleased with the work our team did this quarter to progress several operational initiatives within the business. We exited the quarter with positive momentum from the technology and marketing investments we made in the first half of the year. These investments helped to deliver sequential growth in unique active payor members and completed payor sessions of 10%, respectively, which gives us strong visibility into our trajectory for the second half of the year.”

1

Second Quarter 2025 Key Performance Metrics

• Revenue increased 18% over the prior-year period to $54.3 million, driven by a 35% year-over-year increase in Payor revenue, partially offset by a 32% year-over-year decline in Consumer revenue.

• Cost of revenue, excluding depreciation and amortization, increased 24% over the prior-year period to $30.9 million, driven by a higher number of completed Payor sessions.

• Total costs and operating expenses were $56.1 million, an increase of 13% year-over-year, primarily due to an increase in cost of revenue, excluding depreciation and amortization.

• Net loss was $(0.5) million, relatively flat from the second quarter of 2024.

• Adjusted EBITDA was $2.3 million, an improvement from $1.2 million adjusted EBITDA in the second quarter of 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 2025 Talkspace continues to expect:

• Revenue to be in the range of $220 million to $235 million

• Adjusted EBITDA to be in the range of $14 million to $20 million

2

Conference Call, Presentation Slides, and Webcast Details

The Second Quarter 2025 earnings conference call and webcast will be held Tuesday, August 5, 2025, 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 (888) 596-4144 for U.S. participants, or +1 (646) 968-2525 for international participants, and referencing participant code 8668160. 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.c