An update from Talkspace ( (TALK) ) is now available.
On February 20, 2025, Talkspace reported its financial results for the fourth quarter and full year 2024, highlighting a 25% year-over-year increase in total revenue to $187.6 million and a net income of $1.1 million. The company experienced substantial growth in Payor revenue and continued to focus on strategic market expansion, enhancing its competitive advantage. The fourth quarter saw a 15% increase in revenue to $48.7 million, with improvements in net income and adjusted EBITDA, despite a decline in consumer revenue. The results underscore Talkspace’s strategic shift towards the payor market and its success in broadening access to behavioral health services, positioning the company for continued growth.
More about Talkspace
Talkspace is a leading virtual behavioral healthcare provider, offering a comprehensive suite of mental health services, including therapy for individuals, teens, and couples, as well as psychiatric treatment and medication management. The company is known for its innovative approach, enabling users to text with licensed therapists, and provides services through an encrypted web and mobile platform. Talkspace has a significant market presence, with over 179 million Americans having access to its services through various partnerships and programs.
YTD Price Performance: 23.32%
Average Trading Volume: 1,528,631
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $690.9M
For an in-depth examination of TALK stock, go to TipRanks’ Stock Analysis page.