Talkspace, Inc. SEC 10-Q Report

Talkspace, Inc., a leading provider of online therapy services, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational metrics, reflecting the company's strategic focus and performance in the digital mental health industry.

Financial Highlights

Total Revenue: $54.3 million, increased by 17.9% from $46.1 million in the same period last year, driven by a 35.3% increase in Payor revenue.

Loss from operations: $(1.8) million, improved by 48.7% from a loss of $(3.5) million in the same period last year, reflecting better cost management.

Net loss: $(0.5) million, slightly increased from a net loss of $(0.5) million in the same period last year, indicating stable financial performance.

Net loss per share: $(0.00), consistent with the same period last year, reflecting stable share performance despite operational losses.

Business Highlights

Revenue Segments: Talkspace's revenue is divided into three main segments: Payor, Direct-to-Enterprise (DTE), and Consumer. Payor revenue saw a significant increase due to a higher number of completed sessions, while Consumer revenue declined as the company strategically focused on attracting Payor members.

Sales Units: For the three and six months ended June 30, 2025, Talkspace's clinicians completed approximately 385,100 and 735,100 sessions, respectively, for members covered under Payor customers, indicating a substantial increase in service delivery compared to the previous year.

Customer Segments: The number of health plan customers increased to 31 from 24, while the number of enterprise customers decreased to 165 from 187, reflecting a shift in customer base dynamics.

Consumer Active Members: As of June 30, 2025, the number of Consumer active members decreased to approximately 6,650 from 10,700, aligning with the company's strategic focus on Payor members.

Future Outlook: Talkspace anticipates continued growth in Payor revenue driven by increased session completions and plans to maintain its strategic focus on this segment. The company is also assessing the impact of the One Big Beautiful Bill Act on its operations.

SEC Filing: Talkspace, Inc. [ TALK ] - 10-Q - Aug. 08, 2025