Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Talkspace, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
38.2
76.2
114
120
150
188
229
Cost of revenue
18
26.4
46.9
59.2
75.7
102
Gross profit
20.1
49.8
66.8
60.3
74.4
85.8
Research and development
12
9.58
15.9
21.7
17.1
10.3
9.54
Selling and marketing
27.5
47.7
101
72.8
52.2
50.5
53.8
General and administrative
5.36
10.2
34.8
36.3
21.3
22.6
21.8
Operating expenses
49.6
71.8
161
143
173
192
226
Operating income
-29.4
-22
-93.9
-83.2
-23.2
-4.5
3.15
Pre-tax income
-29.1
-22.3
-62.7
-79.4
-19
1.24
8.37
Income tax
0.01
0.02
0.05
0.25
0.22
0.09
0.57
Net income
-29.1
-22.4
-62.7
-79.7
-19.2
1.15
7.79
EBITDA
-29.4
-21.6
-92
-81.8
-22
-3.64
6.03
EPS, basic
-2.29
-1.67
-0.72
-0.51
-0.12
0.01
0.05
EPS, diluted
-2.29
-1.67
-0.72
-0.51
-0.12
0.01
0.04
Shares, basic (weighted)
12.7
13.4
86.8
157
165
169
167
Shares, diluted (weighted)
12.7
13.4
86.8
157
165
176
174
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
39.6
13.2
198
139
124
76.7
37.4
Receivables
5.91
5.51
9.64
10.2
9.64
16.1
Other current assets
1.52
9.56
4.37
5.72
2.73
2.42
Total current assets
20.7
213
153
140
130
111
Property, plant and equipment
0.18
0.62
0.68
0.31
Lease right-of-use assets
0.4
Goodwill
6.13
6.13
0
0
3.32
Intangible assets
5.2
3.44
2.53
1.79
1.34
3.87
Other non-current assets
0
0.08
0.49
2.42
2.24
4.69
Total assets
32.9
224
156
142
139
135
Accounts payable
7.9
7.43
6.46
6.11
7.71
8.5
Accrued liabilities
1.63
Deferred revenue
5.17
7.19
4.36
3.07
3.28
2.22
Total current liabilities
20.5
27.2
27.3
21.6
19
17.4
Long-term debt
0.3
Other non-current liabilities
0
0.09
0.46
0.09
2.26
0.45
Total liabilities
20.5
31.3
28.7
23.6
21.3
17.8
Total debt
0.3
Paid-in capital
9.89
364
379
389
387
378
Retained earnings
-109
-172
-251
-270
-269
-261
Other comprehensive income
0
0
0.06
Shareholders' equity
-79.6
-98.9
192
128
119
117
117
Total equity
-79.6
-98.9
192
128
119
117
117
Total liabilities and equity
32.9
224
156
142
139
135
Shares outstanding
13.4
153
161
168
169
167
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-29.1
-22.4
-62.7
-79.7
-19.2
1.15
7.79
Depreciation and amortization
0.06
0.38
1.97
1.36
1.2
0.86
2.88
Stock-based compensation
3.4
2.98
27.4
12.1
8.4
9.17
8.45
Deferred income tax
0
0
-0.12
0
Change in receivables
-0.84
-5.02
0.4
-4.13
-0.53
0.53
-6.42
Change in payables
3.28
2.56
0.5
-0.97
-0.35
1.6
0.79
Cash from operations
-21.2
-15.2
-65.7
-61.1
-16.4
11.3
8.53
Capital expenditures
-0.14
-0.13
-0.66
-0.35
-0.15
Acquisitions
0
-10.7
0
0
0
0
-4.9
Purchases of investments
0
0
-40.7
-49.3
Sales and maturities of investments
0
0
36.1
Cash from investing
-0.14
-11.3
-0.66
-0.32
-0.14
-46.3
-28.9
Debt issued
0
0
6
0
0
Debt repaid
0
0
-6
0
0
Stock issued
0.3
0.09
2.1
3.18
2.71
2.01
0.91
Share buybacks
0
0
-11
-17.2
Cash from financing
51.5
0.09
251
1.68
1.9
-12.2
-19
Net change in cash
30.2
-26.4
185
-59.7
-14.6
-47.2
-39.3
Free cash flow
-21.3
-15.3
-66.4
-61.4
-16.5
Interest paid
0.05
0.04
0.54
0.07
0
0
Income taxes paid
0
0
0.12
0.22
0.1
0.42
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $5.25 on August 14, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-1.3%
Operating income / revenue.
EBITDA margin
0.6%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
0.3%
Pre-tax income / revenue.
Net margin
0.1%
Net income / revenue.
Operating cash flow margin
7.0%
Cash from operations / revenue.
Effective tax rate
72.4%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
0.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.1%
Net income / average total assets.
Return on invested capital (ROIC)
-3.5%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
3.7%
Research and development expense / revenue.
Stock-based pay / revenue
3.6%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
1.9%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
22.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
24.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
24.6%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y
578.8%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
300.0%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
-24.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-0.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-2.8%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-2.8%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-4.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
32.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
-1.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
3.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
67.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
4.52x
Current assets / current liabilities.
Quick ratio
2.26x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.62x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.47
Revenue / diluted weighted shares.
Operating cash flow per share
$0.10
Cash from operations / diluted weighted shares.
Book value per share
$0.68
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/E
4,488x
Market cap / net income. Only when net income is positive.
P/S
3.54x
Market cap / revenue.
P/B
7.76x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
8.01x
Market cap / tangible book value, when positive.
P/OCF
50.9x
Market cap / cash from operations, when positive.
EV/Sales
3.38x
Enterprise value / revenue.
EV/EBITDA
589x
Enterprise value / EBITDA, when both are positive.
Earnings yield
0.0%
Net income / market cap (the inverse of P/E).
Shareholder yield
1.0%
(Dividends paid + share buybacks) / market cap.
What was Talkspace, Inc.'s revenue in fiscal 2025?
Talkspace, Inc. reported revenue of $228.9M for fiscal 2025, 22% higher than the year before.
Was Talkspace, Inc. profitable in fiscal 2025?
Yes. Net income was $7.8M, a net margin of 3.4%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.