Talkspace, Inc. (TALK) Key Metrics
TALK valuation today
Trailing 12 months · as of October 21, 2026- Market cap
- $870.6M
- Enterprise value
- $779.6M
- P/E (TTM)
- —
- Forward P/E
- 43.3
- PEG ratio
- —
- Price / sales
- 3.5 10-yr median 2.8
- Price / book
- 7.8 10-yr median 3.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.12
TALK key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTALK valuation Price multiples at each fiscal year-end price.
TALK returns How much profit the business earns on the capital it uses.
TALK per-share figures Results divided by the shares outstanding at year-end.
TALK financial health Debt, liquidity and how easily interest is covered.
TALK efficiency & capital use Working capital cycle and where the cash goes.
TALK valuation history
TALK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TALK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TALK cash returned to shareholders
TALK price vs earnings per share
TALK key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $630.7M | $545.4M | $419.2M | $95.7M | $303.5M | $1.79B | — |
| Enterprise value | $538.1M | $427.6M | $295.3M | −$42.3M | $115.3M | $1.88B | — |
| P/E ratio | 80.9 | 475.1 | — | — | — | — | — |
| Price / sales | 2.8 | 2.9 | 2.8 | 0.8 | 2.7 | 23.4 | — |
| Price / book | 5.4 | 4.6 | 3.5 | 0.8 | 1.6 | — | — |
| Price / free cash flow | — | 93.3 | — | — | — | — | — |
| Price / operating cash flow | 73.9 | 48.3 | — | — | — | — | — |
| EV / sales | 2.4 | 2.3 | 2.0 | -0.4 | 1.0 | 24.7 | — |
| EV / EBITDA | 47.9 | 203.5 | — | — | — | — | — |
| EV / free cash flow | — | 73.2 | — | — | — | — | — |
| Earnings yield | 1.2% | 0.2% | −4.6% | −83.3% | −20.7% | −1.3% | — |
| Free cash flow yield | −0.3% | 1.1% | −3.9% | −64.2% | −21.9% | −0.9% | — |
| Shareholder yield (dividends + buybacks) | 2.7% | 2.0% | 0.0% | 0.0% | 0.0% | — | — |
| Share price at fiscal year-end | $3.63 | $3.09 | $2.54 | $0.61 | $1.97 | $10.81 | — |
| Per share | |||||||
| Revenue per share | $1.32 | $1.06 | $0.91 | $0.76 | $0.74 | $0.46 | $0.29 |
| Earnings per share | $0.04 | $0.01 | −$0.12 | −$0.51 | −$0.41 | −$0.14 | −$0.22 |
| Operating cash flow per share | $0.05 | $0.06 | −$0.10 | −$0.39 | −$0.43 | −$0.09 | −$0.16 |
| Free cash flow per share | −$0.01 | $0.03 | −$0.10 | −$0.39 | −$0.43 | −$0.09 | −$0.16 |
| Cash per share | $0.53 | $0.67 | $0.75 | $0.88 | $1.29 | $0.08 | $0.30 |
| Book value per share | $0.67 | $0.67 | $0.72 | $0.81 | $1.25 | −$0.60 | −$0.60 |
| Tangible book value per share | $0.63 | $0.66 | $0.71 | $0.80 | $1.19 | −$0.67 | −$0.60 |
| Capex per share | $0.06 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | — | — | — | $0.00 | $0.06 | $0.67 | $0.83 |
| Shares outstanding | 173.8M | 176.5M | 165.0M | 156.9M | 154.1M | 165.2M | 133.6M |
| Change in shares outstanding | −1.6% | +6.9% | +5.2% | +1.8% | −6.7% | +23.6% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 6.6% | 1.0% | −15.6% | −49.8% | −134.4% | — | — |
| Return on invested capital (ROIC) | 24.5% | — | — | — | — | — | — |
| Return on assets (ROA) | 5.7% | 0.8% | −12.9% | −41.9% | −48.9% | −59.8% | −69.4% |
| Return on tangible assets | 6.1% | 0.8% | −13.7% | −51.8% | −29.3% | −103.8% | −69.4% |
| Free cash flow margin | −0.9% | 3.1% | −11.0% | −51.4% | −58.4% | −20.1% | −55.9% |
| Income quality (OCF / net income) | 1.10 | 9.83 | — | — | — | — | — |
| Financial health | |||||||
| Total debt | — | — | — | $500,000 | $10.0M | $111.3M | $111.3M |
| Cash & short-term investments | $92.6M | $117.8M | $123.9M | $138.5M | $198.3M | $13.2M | $39.6M |
| Net debt | −$92.6M | −$117.8M | −$123.9M | −$138.0M | −$188.3M | $98.0M | $71.7M |
| Debt / equity | — | — | — | 0.00 | 0.05 | — | — |
| Debt / assets | — | — | — | 0.00 | 0.04 | 3.39 | 2.65 |
| Net debt / EBITDA | −8.24 | −56.07 | — | — | — | — | — |
| Current ratio | 6.38 | 6.84 | 6.46 | 5.58 | 7.85 | 1.01 | 4.04 |
| Quick ratio | 6.38 | 6.84 | 6.46 | 5.58 | 7.85 | 1.01 | 4.04 |
| Interest coverage | — | — | — | -20.6 | -3.0 | -60.4 | -84.1 |
| Working capital | $93.7M | $111.2M | $118.2M | $125.2M | $186.2M | $188,000 | $31.1M |
| Invested capital | $24.4M | −$415,000 | −$5.3M | −$10.5M | $4.0M | −$864,000 | −$7.9M |
| Tangible asset value | $109.8M | $116.1M | $116.9M | $125.0M | $182.7M | −$110.2M | −$79.6M |
| Net current asset value | $93.2M | $108.9M | $116.2M | $123.8M | $182.0M | −$111.1M | −$80.2M |
| Graham number | $0.82 | $0.31 | — | — | — | — | — |
| Graham net-net per share | $0.50 | $0.59 | $0.65 | $0.75 | $1.11 | −$0.69 | −$0.61 |
| Capital allocation | |||||||
| Share buybacks (net) | $17.2M | $11.0M | $0 | $0 | $0 | — | — |
| Dividends + buybacks / free cash flow | — | 188.3% | — | — | — | — | — |
| Capex / revenue | 4.6% | 2.9% | 0.1% | 0.3% | 0.6% | 0.2% | 0.4% |
| Capex / operating cash flow | 124.7% | 48.2% | — | — | — | — | — |
| Capex / depreciation | 3.70 | 6.34 | 0.13 | 0.26 | 0.34 | 0.33 | 2.34 |
| Stock-based compensation / revenue | 3.7% | 4.9% | 5.6% | 10.1% | 24.1% | 3.9% | 8.9% |
| R&D / revenue | 4.2% | 5.6% | 11.7% | 18.1% | 14.0% | 12.6% | 31.4% |
| SG&A / revenue | 33.0% | 39.1% | 49.2% | 91.3% | 119.1% | 76.0% | 86.2% |
| Efficiency | |||||||
| Days sales outstanding | 20.5 | 19.3 | 24.1 | 23.1 | 18.3 | 16.3 | 8.6 |
| Days payables outstanding | 22.7 | 24.8 | 30.3 | 42.8 | 59.7 | 91.7 | 108.0 |
| Cash conversion cycle (days) | -2.2 | -5.5 | -6.2 | -19.7 | -41.3 | -75.4 | -99.5 |
| Receivables turnover | 17.81 | 18.93 | 15.15 | 15.78 | 19.90 | 22.37 | 42.56 |
| Payables turnover | 16.10 | 14.72 | 12.04 | 8.53 | 6.12 | 3.98 | 3.38 |
| Asset turnover | 1.67 | 1.34 | 1.01 | 0.63 | 0.89 | 2.04 | 0.91 |
| Average receivables | $12.9M | $9.9M | $9.9M | $7.6M | $5.7M | $3.4M | $897,000 |
| Average payables | $8.1M | $6.9M | $6.3M | $6.9M | $7.7M | $6.6M | $5.3M |
| Intangibles / total assets | 5.3% | 1.0% | 1.3% | 1.6% | 4.3% | 34.5% | 0.0% |
Computed from TALK's annual financial statements (latest annual report filed March 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TALK valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Talkspace traded at 80.9 times earnings. Talkspace earned a return on equity of 6.6% and a return on invested capital of 24.5% in fiscal 2025. It returned $17.2 million to shareholders: $0 in dividends and $17.2 million in share buybacks. The share count rose 30.1% from 133.6M to 173.8M over 6 years.
See the TALK income statement, the TALK chart for price history, or the TALK stock overview for the latest quote and news.
TALK key metrics FAQ
What is Talkspace's P/E ratio?
Talkspace traded at 80.9 times earnings at the end of fiscal 2025.
What is Talkspace's EV/EBITDA?
Talkspace's enterprise value was 47.9 times EBITDA at the end of fiscal 2025 (enterprise value $538.1 million, EBITDA $11.2 million).
What is Talkspace's return on equity?
Talkspace's return on equity (ROE) was 6.6% in fiscal 2025: net income of $7.8 million on average shareholders' equity of $117.2 million.
What is Talkspace's ROIC?
Talkspace's return on invested capital was 24.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
Does Talkspace buy back its shares?
Yes. Talkspace spent $17.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.6% over the year, to 173.8M..
What is Talkspace's free cash flow yield?
Talkspace generated -$2.1 million of free cash flow in fiscal 2025, a free cash flow yield of −0.3% on its market value at year-end ($630.7 million).
What is Talkspace's current ratio?
Talkspace's current ratio was 6.38 at the end of fiscal 2025: current assets were 6.38 times current liabilities.