Talkspace, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenues $38.2m $76.2m $113.7m $119.6m $150.0m $187.6m $228.9m
Cost of revenue, excluding depreciation and amortization $20.5m $40.9m $61.1m $64.2m $75.2m $101.3m $130.5m
Research and development, net $12.0m $9.6m $15.9m $21.7m $17.6m $10.5m $9.5m
Total costs and operating expenses $49.6m $71.8m $160.7m $143.5m $97.6m $90.3m $225.7m
Clinical operations, net $4.7m $4.3m $9.4m $6.6m $6.2m $6.5m $7.2m
Sales and marketing $27.5m $47.7m $100.6m $72.8m $52.5m $50.7m $53.8m
General and administrative $5.4m $1.8m $34.8m $36.3m $21.3m $22.6m $21.8m
Depreciation and amortization $1.3m $859k $2.9m
Income (loss) from operations ($29.4m) ($1.8m) ($93.9m) ($83.2m) ($23.2m) ($4.5m) $3.2m
Financial income, net ($350k) $364k ($31.2m) ($3.7m) ($4.2m) ($5.7m) ($5.2m)
Income (loss) before income taxes ($29.1m) ($1.5m) ($62.7m) ($79.4m) ($19.0m) $1.2m $8.4m
Net income (loss) ($29.1m) ($1.6m) ($62.7m) ($79.7m) ($19.2m) $1.1m $7.8m
Basic ($1.67) ($0.72) ($0.51) ($0.12) $0.01 $0.05
Diluted ($1.67) ($0.72) ($0.51) ($0.12) $0.01 $0.04
Income tax expense $8k ($10k) $47k $254k $218k $94k $574k