Talkspace Reports Increase in Completed Therapy Sessions

By Philip Seaworth • Sunday, August 10 06:05 • Permanent Link

Talkspace, Inc. has recently released its 10-Q report, providing a detailed look at the company's financial condition and results of operations for the three and six months ended June 30, 2025. Talkspace operates as a virtual behavioral healthcare company, connecting patients with licensed mental health providers in the United States. The company offers psychotherapy and psychiatry services through an online platform for one-on-one therapy delivered through messaging, audio, and video channels.

In the 10-Q report, the company reported that for the three and six months ended June 30, 2025, its clinicians completed approximately 385,100 and 735,100 sessions, respectively, related to members covered under its Payor customers. This is compared to 298,600 and 582,800 completed sessions, respectively, for the three and six months ended June 30, 2024. As of June 30, 2025, Talkspace had approximately 6,650 Consumer active members compared to 10,700 Consumer active members as of June 30, 2024.

The report also highlighted key business metrics, including the number of completed Payor sessions during the period, the number of health plan and enterprise customers at the period end, and the number of Consumer active members at the period end.

In terms of financials, Talkspace reported revenue of $54.3 million for the three months ended June 30, 2025, marking a 17.9% increase from $46.1 million for the three months ended June 30, 2024. The increase was primarily driven by a 35.3% increase in Payor revenue. However, Consumer revenue declined by 32.1% due to the company's strategic decision to focus marketing efforts on attracting Payor members.

Cost of revenue, excluding depreciation and amortization, increased by 23.7% to $30.9 million for the three months ended June 30, 2025, from $25.0 million for the same period in 2024. Research and development expenses also saw a 22.7% increase, reaching $2.6 million for the three months ended June 30, 2025.

The company's net loss for the three months ended June 30, 2025, was $541,000, compared to a net loss of $474,000 for the same period in 2024.

The market has reacted to these announcements by moving the company's shares 1.22% to a price of $2.50. For the full picture, make sure to review Talkspace's 10-Q report.

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