NASDAQ : TALK
Talkspace, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 5.25 USD (At close: Aug 14, 2026) · Market cap 870.58M
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Financial statements
Talkspace, Inc. (TALK) reported revenue of 245.73M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 245.73M | 228.87M | 187.59M | 150.04M | 119.57M | 113.67M |
| Cost of Revenue | 150.93M | 137.73M | 107.85M | 81.38M | 65.82M | 56.26M |
| Gross Profit | 94.80M | 91.14M | 79.74M | 68.67M | 53.75M | 57.41M |
| Selling, General & Admin | 76.08M | 75.57M | 71.90M | 73.53M | 109.11M | 135.41M |
| Research & Development | 9.15M | 9.54M | 10.28M | 17.07M | 21.66M | 15.92M |
| Operating Expenses | 89.86M | 87.99M | 83.04M | 91.88M | 130.77M | 151.33M |
| Operating Income | 4.95M | 3.15M | -3.30M | -23.21M | -77.02M | -93.92M |
| Interest & Investment Income | 2.62M | 3.92M | 5.74M | 4.25M | 609.00K | 31.23M |
| Other Non Operating Income (Expenses) | 1.30M | 1.30M | 3.13M | |||
| EBT Excluding Unusual Items | 8.86M | 8.37M | 2.44M | -18.96M | -73.28M | -62.70M |
| Impairment of Goodwill | -6.13M | |||||
| Other Unusual Items | -1.20M | |||||
| Pretax Income | 704.00K | 8.37M | 1.24M | -18.96M | -79.42M | -62.70M |
| Income Tax Expense | 510.00K | 574.00K | 94.00K | 218.00K | 254.00K | 47.00K |
| Net Income | 194.00K | 7.79M | 1.15M | -19.18M | -79.67M | -62.74M |
| Net Income to Common | 194.00K | 7.79M | 1.15M | -19.18M | -79.67M | -62.74M |
| Shares Outstanding (Basic) | 166.68M | 167.09M | 168.91M | 165.04M | 156.89M | 86.78M |
| Shares Outstanding (Diluted) | 173.24M | 173.65M | 176.50M | 165.04M | 156.89M | 86.78M |
| EPS (Basic) | 0.00 | 0.05 | 0.01 | -0.12 | -0.51 | -0.72 |
| EPS (Diluted) | -0.00 | 0.04 | 0.01 | -0.12 | -0.51 | -0.72 |
| Free Cash Flow | 17.09M | 8.53M | 11.29M | -16.39M | -61.08M | -66.37M |
| Free Cash Flow Per Share | 0.10 | 0.05 | 0.06 | -0.10 | -0.39 | -0.77 |
| Gross Margin | 38.58% | 39.82% | 42.51% | 45.76% | 44.95% | 50.50% |
| Operating Margin | 2.01% | 1.38% | -1.76% | -15.47% | -64.42% | -82.63% |
| Profit Margin | 0.08% | 3.40% | 0.61% | -12.78% | -66.63% | -55.20% |
| Free Cash Flow Margin | 6.96% | 3.73% | 6.02% | -10.93% | -51.08% | -58.39% |
| EBITDA | 8.17M | 6.03M | -2.44M | -22.01M | -75.67M | -91.95M |
| EBITDA Margin | 3.33% | 2.63% | -1.30% | -14.67% | -63.28% | -80.89% |
| D&A For EBITDA | 3.23M | 2.88M | 859.00K | 1.20M | 1.36M | 1.97M |
| EBIT | 4.95M | 3.15M | -3.30M | -23.21M | -77.02M | -93.92M |
| EBIT Margin | 2.01% | 1.38% | -1.76% | -15.47% | -64.42% | -82.63% |
| Effective Tax Rate | 72.44% | 6.86% | 7.57% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 39.16M | 37.35M | 76.69M | 123.91M | 138.54M | 198.26M |
| Short-Term Investments | 51.84M | 55.23M | 41.12M | |||
| Cash & Short-Term Investments | 91.00M | 92.59M | 117.81M | 123.91M | 138.54M | 198.26M |
| Receivables | 15.44M | 16.06M | 9.64M | 10.17M | 9.64M | 5.51M |
| Other Current Assets | 2.57M | 2.42M | 2.73M | 5.72M | 4.37M | 9.56M |
| Total Current Assets | 109.02M | 111.06M | 130.18M | 139.80M | 152.56M | 213.33M |
| Property, Plant & Equipment | 20.05M | 15.79M | 6.26M | 114.00K | 677.00K | 624.00K |
| Goodwill | 3.43M | 3.32M | 6.13M | |||
| Other Intangible Assets | 3.87M | 1.34M | 1.99M | 2.53M | 3.44M | |
| Other Long-Term Assets | 3.95M | 823.00K | 897.00K | 321.00K | 491.00K | 82.00K |
| Total Assets | 136.45M | 134.86M | 138.68M | 142.22M | 156.25M | 223.61M |
| Accounts Payable | 10.94M | 8.50M | 7.71M | 6.11M | 6.46M | 7.43M |
| Accrued Expenses | 8.89M | 5.07M | 6.06M | 7.89M | 5.83M | 7.29M |
| Current Unearned Revenue | 2.71M | 2.22M | 3.28M | 3.07M | 4.36M | 7.19M |
| Other Current Liabilities | 1.58M | 1.60M | 1.98M | 4.57M | 10.67M | 5.27M |
| Total Current Liabilities | 24.12M | 17.40M | 19.02M | 21.65M | 27.32M | 27.18M |
| Other Long-Term Liabilities | 197.00K | 452.00K | 2.26M | 1.93M | 1.40M | 4.16M |
| Total Liabilities | 24.32M | 17.85M | 21.28M | 23.57M | 28.72M | 31.33M |
| Common Stock | 17.00K | 17.00K | 17.00K | 16.00K | 16.00K | 15.00K |
| Additional Paid-In Capital | 381.47M | 378.38M | 386.61M | 389.01M | 378.72M | 363.79M |
| Retained Earnings | -269.26M | -261.44M | -269.24M | -270.38M | -251.20M | -171.53M |
| Comprehensive Income & Other | -95.00K | 57.00K | 2.00K | |||
| Total Common Equity | 112.13M | 117.02M | 117.39M | 118.65M | 127.54M | 192.27M |
| Shareholders' Equity | 112.13M | 117.02M | 117.39M | 118.65M | 127.54M | 192.27M |
| Total Liabilities & Equity | 136.45M | 134.86M | 138.68M | 142.22M | 156.25M | 223.61M |
| Net Cash (Debt) | 91.00M | 92.59M | 117.81M | 123.91M | 138.54M | 198.26M |
| Net Cash Per Share | 0.53 | 0.53 | 0.67 | 0.75 | 0.88 | 2.28 |
| Filing Date Shares Outstanding | 165.82M | 167.08M | 168.44M | 168.90M | 162.20M | 153.97M |
| Total Common Shares Outstanding | 165.82M | 166.72M | 168.85M | 168.43M | 161.16M | 152.86M |
| Working Capital | 84.90M | 93.67M | 111.16M | 118.15M | 125.24M | 186.15M |
| Book Value Per Share | 0.68 | 0.70 | 0.70 | 0.70 | 0.79 | 1.26 |
| Tangible Book Value | 108.70M | 109.83M | 116.06M | 116.66M | 125.01M | 182.70M |
| Tangible Book Value Per Share | 0.66 | 0.66 | 0.69 | 0.69 | 0.78 | 1.20 |
| Machinery | 787.00K | 802.00K | 755.00K | 736.00K | 926.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 194.00K | 7.79M | 1.15M | -19.18M | -79.67M | -62.74M |
| Depreciation & Amortization | 3.23M | 2.88M | 859.00K | 1.20M | 1.36M | 1.97M |
| Other Amortization | 1.40M | 175.00K | ||||
| Asset Writedown & Restructuring Costs | 6.13M | |||||
| Loss (Gain) From Sale of Investments | -531.00K | -856.00K | -417.00K | |||
| Stock-Based Compensation | 8.79M | 8.45M | 9.17M | 8.39M | 12.12M | 27.41M |
| Other Operating Activities | -1.33M | -1.68M | -371.00K | 748.00K | -3.03M | -31.78M |
| Change in Accounts Receivable | -22.00K | -6.42M | 531.00K | -534.00K | -4.13M | 402.00K |
| Change in Accounts Payable | 2.32M | 791.00K | 1.60M | -350.00K | -968.00K | 503.00K |
| Change in Unearned Revenue | -276.00K | -1.18M | 213.00K | -1.29M | -2.83M | 2.01M |
| Change in Other Net Operating Assets | 3.32M | -1.24M | -1.45M | -5.38M | 9.94M | -3.66M |
| Operating Cash Flow | 17.09M | 8.53M | 11.29M | -16.39M | -61.08M | -65.71M |
| Capital Expenditures | -663.00K | |||||
| Cash Acquisitions | -4.90M | -4.90M | ||||
| Sale (Purchase) of Intangibles | -12.48M | -10.64M | -5.44M | |||
| Investment in Securities | -2.88M | -13.26M | -40.70M | |||
| Other Investing Activities | -54.00K | -72.00K | -171.00K | -141.00K | -317.00K | |
| Investing Cash Flow | -20.32M | -28.88M | -46.31M | -141.00K | -317.00K | -663.00K |
| Short-Term Debt Issued | 6.00M | |||||
| Total Debt Issued | 6.00M | |||||
| Short-Term Debt Repaid | -6.00M | |||||
| Total Debt Repaid | -6.00M | |||||
| Issuance of Common Stock | 305.00K | 913.00K | 2.01M | 2.71M | 3.18M | 251.43M |
| Repurchase of Common Stock | -12.26M | -19.91M | -14.20M | -810.00K | -853.00K | |
| Other Financing Activities | -645.00K | -50.00K | ||||
| Financing Cash Flow | -11.95M | -19.00M | -12.19M | 1.90M | 1.68M | 251.38M |
| Net Cash Flow | -15.18M | -39.34M | -47.22M | -14.64M | -59.71M | 185.01M |
| Free Cash Flow | 17.09M | 8.53M | 11.29M | -16.39M | -61.08M | -66.37M |
| Free Cash Flow Margin | 6.96% | 3.73% | 6.02% | -10.93% | -51.08% | -58.39% |
| Free Cash Flow Per Share | 0.10 | 0.05 | 0.06 | -0.10 | -0.39 | -0.77 |
| Levered Free Cash Flow | 9.48M | -5.08M | 3.42M | -12.46M | -33.46M | -30.77M |
| Unlevered Free Cash Flow | 9.48M | -5.08M | 3.42M | -12.46M | -33.46M | -30.94M |
| Cash Interest Paid | 68.00K | 538.00K | ||||
| Cash Income Tax Paid | 1.13M | 417.00K | 96.00K | 219.00K | 122.00K | |
| Change in Working Capital | 5.34M | -8.05M | 895.00K | -7.55M | 2.02M | -738.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 870.58M | 601.33M | 521.97M | 424.42M | 97.13M | 300.05M |
| Enterprise Value | 779.58M | 509.72M | 402.98M | 299.09M | -55.51M | 77.18M |
| Last Close Price | 5.25 | 3.63 | 3.09 | 2.54 | 0.61 | 1.97 |
| PE Ratio | 77.16 | 454.68 | ||||
| Forward PE | 30.88 | 34.28 | 68.67 | |||
| PS Ratio | 3.54 | 2.63 | 2.78 | 2.83 | 0.81 | 2.64 |
| PB Ratio | 7.76 | 5.14 | 4.45 | 3.58 | 0.76 | 1.56 |
| P/TBV Ratio | 8.01 | 5.47 | 4.50 | 3.64 | 0.78 | 1.64 |
| P/FCF Ratio | 50.94 | 70.46 | 46.24 | |||
| P/OCF Ratio | 50.94 | 70.46 | 46.24 | |||
| EV/Sales Ratio | 3.17 | 2.23 | 2.15 | 1.99 | 0.68 | |
| EV/EBITDA Ratio | 95.41 | 84.57 | ||||
| EV/EBIT Ratio | 157.62 | 161.71 | ||||
| EV/FCF Ratio | 45.61 | 59.73 | 35.70 | |||
| Net Debt / Equity Ratio | -0.81 | -0.79 | -1.00 | -1.04 | -1.09 | -1.03 |
| Net Debt / EBITDA Ratio | -11.14 | -15.36 | 48.32 | 5.63 | 1.83 | 2.16 |
| Net Debt / FCF Ratio | -5.32 | -10.85 | -10.44 | 7.56 | 2.27 | 2.99 |
| Asset Turnover | 1.82 | 1.67 | 1.34 | 1.00 | 0.63 | 0.89 |
| Quick Ratio | 4.41 | 6.25 | 6.70 | 6.19 | 5.42 | 7.50 |
| Current Ratio | 4.52 | 6.38 | 6.84 | 6.46 | 5.58 | 7.85 |
| Return on Equity (ROE) | 0.17% | 6.65% | 0.97% | -15.58% | -49.83% | -61.31% |
| Return on Assets (ROA) | 2.30% | 1.44% | -1.47% | -9.72% | -25.35% | -45.77% |
| Return on Invested Capital (ROIC) | 5.45% | 24.45% | ||||
| Return on Capital Employed (ROCE) | 4.40% | 2.70% | -2.80% | -19.20% | -59.70% | -47.80% |
| Earnings Yield | 0.02% | 1.30% | 0.22% | -4.52% | -82.03% | -20.91% |
| FCF Yield | 1.96% | 1.42% | 2.16% | -3.86% | -62.88% | -22.12% |
| Buyback Yield / Dilution | 1.59% | 1.61% | -6.94% | -5.20% | -80.79% | -549.55% |