From GlobeNewswire: 2025-05-06 08:00:00

In the first quarter of 2025, Talkspace reported total revenue growth of 15% to $52.2 million, with a 33% increase in Payor revenue. The company also achieved a net income of $0.3 million and adjusted EBITDA of $2.0 million, along with share repurchases of $7.0 million. The company’s CEO, Dr. Jon Cohen, highlighted their commitment to making mental health care accessible and affordable.

Key performance metrics for the first quarter of 2025 showed revenue increasing by 15% to $52.2 million, driven by a 33% rise in Payor revenue. Gross profit increased by 7% to $23.3 million, while net income improved to $0.3 million. Adjusted EBITDA also saw an increase to $2.0 million.

Talkspace provided financial guidance for 2025, expecting revenue in the range of $220 million to $235 million and adjusted EBITDA in the range of $14 million to $20 million. The company’s virtual behavioral healthcare services aim to provide high-quality mental health care to individuals, couples, and teens.

Adjusted EBITDA, a non-GAAP financial measure, is used by Talkspace to evaluate operating performance. It excludes certain items to provide a clearer picture of the company’s health. Adjusted EBITDA for the first quarter of 2025 was $1.955 million, up from $0.774 million in the same period in 2024.



Read more at GlobeNewswire:: Talkspace Announces First Quarter 2025 Results