Talkspace, Inc. (TALK) Income Statement
TALK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTALK revenue and net income
Where TALK's revenue goes
2025Each bar shows an amount and its share of revenue. TALK kept 3.4% of revenue as net income.
TALK profit margins
TALK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.0% | +24.2% | +24.6% | — |
| Gross profit | +14.6% | +17.7% | +14.6% | — |
| Operating income | — | — | — | — |
| Net income | +578.8% | — | — | — |
| EPS (diluted) | +400.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TALK quarterly EPS vs estimates
Talkspace beat the analyst EPS estimate in 5 of the last 7 quarters.
TALK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $228.9M | $187.6M | $150.0M | $119.6M | $113.7M | $76.2M | $38.2M |
| Cost of revenue | $130.5M | $101.8M | $75.7M | $59.2M | $46.9M | $26.4M | $18.0M |
| Gross profit | $98.3M | $85.8M | $74.4M | $60.3M | $66.8M | $49.8M | $20.1M |
| Research & development | $9.5M | $10.5M | $17.6M | $21.7M | $15.9M | $9.6M | $12.0M |
| Sales, general & admin | $75.6M | $73.3M | $73.9M | $109.1M | $135.4M | $57.9M | $32.9M |
| Total operating expenses | $95.2M | $90.3M | $97.6M | $137.4M | $160.7M | $71.8M | $49.6M |
| Operating income | $3.2M | −$4.5M | −$23.2M | −$77.0M | −$93.9M | −$22.0M | −$29.4M |
| Interest income | — | — | — | $3.7M | — | — | — |
| Interest expense | — | — | — | $3.7M | $31.2M | $364,000 | $350,000 |
| Income before taxes | $8.4M | $1.2M | −$19.0M | −$79.4M | −$62.7M | −$22.3M | −$29.1M |
| Income taxes | $574,000 | $94,000 | $218,000 | $254,000 | $47,000 | $24,000 | $8,000 |
| Net income | $7.8M | $1.1M | −$19.2M | −$79.7M | −$62.7M | −$22.4M | −$29.1M |
| EBITDA | $11.2M | $2.1M | −$17.8M | −$78.1M | −$60.7M | −$21.6M | −$29.4M |
| EPS (diluted) | $0.05 | $0.01 | −$0.12 | −$0.51 | −$1.99 | −$0.43 | −$2.91 |
| Gross margin | 43.0% | 45.8% | 49.6% | 50.5% | 58.7% | 65.4% | 52.7% |
| Operating margin | 1.4% | −2.4% | −15.5% | −64.4% | −82.6% | −28.9% | −77.1% |
| Net margin | 3.4% | 0.6% | −12.8% | −66.6% | −55.2% | −29.4% | −76.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.7M | $61.7M | $63.0M | $59.4M | $54.3M | $52.2M | $48.7M | $47.4M | $46.1M | $45.4M | $42.4M | $38.6M |
| Cost of revenue | $36.9M | $36.1M | $36.1M | $34.6M | $30.9M | $28.9M | $27.2M | $25.8M | $25.0M | $23.7M | $21.4M | $19.8M |
| Gross profit | $24.8M | $25.6M | $26.9M | $24.8M | $23.4M | $23.3M | $21.5M | $21.6M | $21.1M | $21.7M | $21.0M | $18.8M |
| Research & development | $2.3M | $2.7M | $2.4M | $1.3M | $5.4M | $3.3M | $2.3M | $2.4M | $2.1M | $3.7M | $3.9M | $4.2M |
| Sales, general & admin | $21.1M | $26.7M | $2.1M | $18.3M | $10.9M | $19.2M | $17.0M | $17.5M | $20.6M | $18.2M | $18.2M | $18.4M |
| Total operating expenses | $26.9M | $32.7M | $23.1M | $22.6M | $25.2M | $24.4M | $21.0M | $21.5M | $24.5M | $23.4M | $23.6M | $24.0M |
| Operating income | −$2.1M | −$7.1M | $3.8M | $2.2M | −$1.8M | −$1.1M | $569,000 | $99,000 | −$3.5M | −$1.7M | −$2.6M | −$5.2M |
| Interest income | $608,000 | $945,000 | — | $1.1M | $1.3M | $1.5M | — | $1.7M | $3.0M | $378,000 | — | $779,000 |
| Interest expense | — | $945,000 | — | — | — | — | — | — | — | — | $1.2M | — |
| Income before taxes | −$1.5M | −$6.2M | $5.1M | $3.3M | −$465,000 | $441,000 | $1.2M | $1.8M | −$442,000 | −$1.3M | −$1.3M | −$4.4M |
| Income taxes | $11,000 | $124,000 | $350,000 | $25,000 | $76,000 | $123,000 | −$29,000 | −$74,000 | $32,000 | $165,000 | $53,000 | $14,000 |
| Net income | −$1.5M | −$6.3M | $4.8M | $3.3M | −$541,000 | $318,000 | $1.2M | −$1.7M | −$474,000 | −$1.5M | −$1.3M | −$4.4M |
| EBITDA | −$532,000 | −$4.6M | $5.9M | $4.0M | $237,000 | $1.1M | $1.4M | $2.0M | −$222,000 | −$1.1M | −$970,000 | −$4.1M |
| EPS (diluted) | −$0.01 | $0.02 | $0.03 | $0.02 | −$0.00 | $0.00 | $0.01 | $0.01 | −$0.00 | −$0.01 | −$0.01 | −$0.03 |
| Gross margin | 40.2% | 41.5% | 42.7% | 41.7% | 43.1% | 44.6% | 44.2% | 45.6% | 45.7% | 47.8% | 49.4% | 48.8% |
| Operating margin | −3.4% | −11.6% | 6.1% | 3.7% | −3.3% | −2.1% | 1.2% | 0.2% | −7.6% | −3.7% | −6.1% | −13.4% |
| Net margin | −2.5% | −10.2% | 7.6% | 5.5% | −1.0% | 0.6% | 2.5% | −3.6% | −1.0% | −3.2% | −3.1% | −11.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TALK's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TALK financial results
In fiscal year 2025 (ended December 31, 2025), Talkspace reported revenue of $228.9 million, up 22.0% from the year before. It had net income of $7.8 million (up 578.8%), a net profit margin of 3.4%. Diluted earnings per share came to $0.05. Over five years revenue grew at an average rate of 24.6% a year.
See the TALK stock overview for the latest quote and news, or the TALK chart for price history and technical indicators.
TALK income statement FAQ
What is Talkspace's annual revenue?
Talkspace reported total revenue of $228.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 22.0% from $187.6 million the previous year.
Is Talkspace profitable?
Yes. Talkspace reported net income of $7.8 million in fiscal 2025, a net profit margin of 3.4%; its operating margin was 1.4%.
What is Talkspace's gross margin?
Talkspace's gross margin was 43.0% in fiscal 2025: for every $100 of revenue, Talkspace kept $43 after the direct cost of its products and services.
How much does Talkspace spend on research and development?
Talkspace spent $9.5 million on research and development in fiscal 2025, 4.2% of revenue.
How fast is Talkspace growing?
Revenue grew 24.6% a year on average over the last five fiscal years, from $76.2 million to $228.9 million.
What are Talkspace's earnings per share?
Talkspace earned $0.05 per diluted share in fiscal 2025, compared with $0.01 a year earlier.
When does Talkspace's fiscal year end?
Talkspace's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.