Private company
Talkspace, Inc.
American health services company, incorporated in Delaware. Summary from the record
Last updated Oct 19, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development4¢$9.5M
- Other costs92¢$211.0M
- Income tax0¢$574.0K
- Profit3¢$7.8M
Where each dollar of operating cash went, fiscal 2025
- Share buybacks100¢$17.2M
Out of $8.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $38.2M5 | $76.2M6 | $113.7M7 | $119.6M8 | $150.0M3 | $187.6M3 | $228.9M3 |
| Cost of revenue | $18.0M5 | $26.4M6 | $46.9M7 | $59.2M8 | $75.7M8 | $101.8M8 | |
| Gross profit | $20.1M5 | $49.8M6 | $66.8M7 | $60.3M8 | $74.4M8 | $85.8M8 | |
| Research and development | $12.0M5 | $9.6M6 | $15.9M7 | $21.7M8 | $17.1M3 | $10.3M3 | $9.5M3 |
| Operating expenses | $160.7M7 | $143.5M8 | $173.3M3 | $192.1M3 | $225.7M3 | ||
| Operating income | -$29.4M5 | -$22.0M6 | -$93.9M7 | -$83.2M8 | -$23.2M3 | -$4.5M3 | $3.2M3 |
| Income before tax | -$62.7M7 | -$79.4M8 | -$19.0M3 | $1.2M3 | $8.4M3 | ||
| Income tax | $8.0K5 | $24.0K6 | $47.0K7 | $254.0K8 | $218.0K3 | $94.0K3 | $574.0K3 |
| Net income | -$29.1M5 | -$22.4M6 | -$62.7M4 | -$79.7M4 | -$19.2M4 | $1.1M4 | $7.8M4 |
| Earnings per share | -$1.676 | -$0.727 | -$0.518 | -$0.123 | $0.013 | $0.053 | |
| Earnings per share (diluted) | -$1.676 | -$0.727 | -$0.518 | -$0.123 | $0.013 | $0.043 | |
| Shares (weighted, basic) | 86.8M shares7 | 156.9M shares8 | 165.0M shares3 | 168.9M shares3 | 167.1M shares3 | ||
| Shares (weighted, diluted) | 86.8M shares7 | 156.9M shares8 | 165.0M shares3 | 176.5M shares3 | 173.6M shares3 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $39.6M5 | $13.2M5 | $198.3M6 | $138.5M7 | $123.9M8 | $76.7M3 | $37.4M3 |
| Receivables | $5.5M6 | $9.6M7 | $10.2M8 | $9.6M3 | $16.1M3 | ||
| Current assets | $20.7M5 | $213.3M6 | $152.6M7 | $139.8M8 | $130.2M3 | $111.1M3 | |
| Property, plant and equipment | $624.0K6 | $677.0K7 | $314.0K7 | ||||
| Goodwill | $6.1M6 | $06 | $03 | $3.3M3 | |||
| Intangible assets | $3.4M6 | $2.5M7 | $1.8M7 | $1.3M3 | $3.9M3 | ||
| Total assets | $32.9M5 | $223.6M6 | $156.3M7 | $142.2M8 | $138.7M3 | $134.9M3 | |
| Accounts payable | $7.4M6 | $6.5M7 | $6.1M8 | $7.7M3 | $8.5M3 | ||
| Current liabilities | $20.5M5 | $27.2M6 | $27.3M7 | $21.6M8 | $19.0M3 | $17.4M3 | |
| Total liabilities | $20.5M5 | $31.3M6 | $28.7M7 | $23.6M8 | $21.3M3 | $17.8M3 | |
| Retained earnings | -$171.5M6 | -$251.2M7 | -$270.4M8 | -$269.2M3 | -$261.4M3 | ||
| Shareholders’ equity | -$79.6M6 | -$98.9M7 | $192.3M8 | $127.5M3 | $118.6M3 | $117.4M3 | $117.0M3 |
| Shares outstanding | 13.4M shares5 | 152.9M shares6 | 161.2M shares7 | 168.4M shares8 | 168.8M shares3 | 166.7M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$21.2M5 | -$15.2M6 | -$65.7M7 | -$61.1M8 | -$16.4M3 | $11.3M3 | $8.5M3 |
| Depreciation and amortization | $2.0M7 | $1.4M8 | $1.2M3 | $859.0K3 | $2.9M3 | ||
| Stock-based compensation | $27.4M7 | $12.1M8 | $8.4M3 | $9.2M3 | $8.4M3 | ||
| Capital spending | $138.0K5 | $126.0K6 | $663.0K7 | $350.0K7 | $151.0K7 | ||
| Free cash flow | -$21.3M | -$15.3M | -$66.4M | -$61.4M | -$16.5M | ||
| Cash from investing | -$663.0K7 | -$317.0K8 | -$141.0K3 | -$46.3M3 | -$28.9M3 | ||
| Share buybacks | $08 | $03 | $11.0M3 | $17.2M3 | |||
| Cash from financing | $251.4M7 | $1.7M8 | $1.9M3 | -$12.2M3 | -$19.0M3 |
Leadership
Who has led Talkspace, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
2025
- Chief executive officerOren Frank Jun 24, 2021 to Oct 20, 202111
- ChairDouglas Bergeron Jun 8, 2020 to Jun 8, 202012
- PresidentMark Hirschhorn Jun 24, 2021 to Oct 20, 202113
- PresidentDouglas Bergeron Jun 8, 2020 to Jun 8, 202012
- Chief financial officerIan Jiro Harris May 30, 2024 to now14
- Chief financial officerMark Hirschhorn Jun 24, 2021 to Jun 24, 202113
- Chief financial officerJennifer Fulk Jul 26, 2021 to Mar 8, 202415
- Chief financial officerJonathan Dobres Jun 8, 2020 to Jun 8, 202016
- Chief operating officerMark Hirschhorn Jun 24, 2021 to Oct 20, 202113
Board members and other officers (22)
- Chief Marketing OfficerKatelyn Watson Jun 26, 2024 to now17
- Chief Product OfficerSteven Dziedzic Jun 23, 2023 to Apr 26, 202418
- Chief Growth OfficerErin Boyd Jun 10, 2022 to Sep 7, 202219
- Chief Technology OfficerGil Margolin Jun 24, 2021 to now20
- Head of Clinical ServicesRoni Frank Jun 24, 2021 to Oct 20, 202121
- Chief Marketing OfficerSamara H. Braunstein Jun 24, 2021 to Sep 8, 202222
- OfficerDouglas L. Braunstein Jun 8, 2020 to May 11, 202212
- Board memberKatelyn Watson Jun 26, 2024 to Sep 13, 202417
- Board memberLiat Benzur Dec 7, 2023 to now23
- Board memberSwati Bargotra Abbott Dec 7, 2023 to now24
- Board memberCharles Berg Jun 24, 2021 to Sep 19, 202225
- Board memberCurtis Warfield Jun 24, 2021 to now26
- Board memberErez Shachar Jun 24, 2021 to now27
- Board memberJacqueline E. Yeaney Jun 24, 2021 to now28
- Board memberMadhu Pawar Jun 24, 2021 to now29
- Board memberOren Frank Jun 24, 2021 to Oct 20, 202111
- Board memberRoni Frank Jun 24, 2021 to Oct 20, 202121
- Board memberAmy W. Schulman Jun 8, 2020 to Jun 8, 202030
- Board memberDouglas L. Braunstein Jun 8, 2020 to now12
- Board memberRobert Greifeld Jun 8, 2020 to Jun 8, 202031
- Board memberThelma Duggin Jun 8, 2020 to Jun 8, 202032
- General counselJohn Charles Reilly Jun 24, 2021 to now33
Former names
- Hudson Executive Investment Corp.Feb 21, 2020 to Jun 17, 20212
Timeline
- Jun 24, 2021New chief executive Oren Frank becomes CEO11
Filings
345 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 49 major events, 190 insider forms, 28 large holders, 56 other. The latest 20:
- Aug 27, 202615-12G EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 20264 EDGAR
- Aug 17, 2026SCHEDULE 13D/A EDGAR
- Aug 17, 2026SCHEDULE 13D/A EDGAR
- Aug 17, 2026S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Aug 17, 2026S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Aug 17, 2026S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
- Aug 17, 2026S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 EDGAR
The 345 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
29 open-market trades by officers, directors and large owners since October 2021: 13 buys and 16 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 18, 2026 | Reilly John CharlesChief Legal Officer, Secretary | Sale | 40,289 | $5.20 | $209.5K | Form 4 |
| Jun 12, 2026 | Reilly John CharlesChief Legal Officer, Secretary | Sale | 55,144 | $5.21 | $287.3K | Form 4 |
| Dec 11, 2025 | Margolin GilChief Technology Officer | Sale | 14,542 | $3.26 | $47.4K | Form 4 |
| Dec 2, 2025 | Margolin GilChief Technology Officer | Sale | 3,516 | $3.15 | $11.1K | Form 4 |
| Sep 12, 2025 | Margolin GilChief Technology Officer | Sale | 19,563 | $2.58 | $50.5K | Form 4 |
| Sep 2, 2025 | Margolin GilChief Technology Officer | Sale | 3,516 | $2.63 | $9.2K | Form 4 |
| Jun 16, 2025 | Margolin GilChief Technology Officer | Sale | 19,302 | $2.91 | $56.2K | Form 4 |
| Jun 6, 2025 | Watson KatelynChief Marketing Officer | Sale | 39,000 | $3.30 | $128.7K | Form 4 |
| Jun 2, 2025 | Margolin GilChief Technology Officer | Sale | 3,516 | $3.24 | $11.4K | Form 4 |
| Mar 10, 2025 | Margolin GilChief Technology Officer | Sale | 19,373 | $2.77 | $53.7K | Form 4 |
| Mar 5, 2025 | Harris Ian JiroChief Financial Officer | Buy | 5,934 | $2.80 | $16.6K | Form 4 |
| Mar 4, 2025 | Harris Ian JiroChief Financial Officer | Buy | 13,797 | $2.72 | $37.5K | Form 4 |
| Mar 3, 2025 | Harris Ian JiroChief Financial Officer | Buy | 11,113 | $2.87 | $31.9K | Form 4 |
| Mar 3, 2025 | Margolin GilChief Technology Officer | Sale | 3,517 | $2.89 | $10.2K | Form 4 |
| Feb 28, 2025 | Cohen Jon RChief Executive Officer | Buy | 75,000 | $2.86 | $214.5K | Form 4 |
| Feb 27, 2025 | Reilly John CharlesChief Legal Officer, Secretary | Buy | 1,800 | $2.81 | $5.1K | Form 4 |
| Feb 26, 2025 | Reilly John CharlesChief Legal Officer, Secretary | Buy | 1,800 | $2.88 | $5.2K | Form 4 |
| Feb 25, 2025 | Reilly John CharlesChief Legal Officer, Secretary | Buy | 5,470 | $2.88 | $15.8K | Form 4 |
| Feb 25, 2025 | Reilly John CharlesChief Legal Officer, Secretary | Buy | 5,470 | $2.88 | $15.8K | Form 4 |
| Nov 20, 2024 | Margolin GilChief Technology Officer | Sale | 134,654 | $3.10 | $417.4K | Form 4 |
All 29 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Hudson Executive Capital LPSCHEDULE 13D/A, 3 filings Nov 17, 2021 to Aug 17, 202634
- QUMRA CAPITAL II, L.P.SCHEDULE 13D/A, 2 filings Mar 30, 2026 to Aug 17, 202635
- BALYASNY ASSET MANAGEMENT L.P.SCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202636
- BlackRockSCHEDULE 13G/A, 2 filings Oct 17, 2025 to Jul 30, 202637
- Norwest Venture Partners XIII, LPSCHEDULE 13G/A, 4 filings Feb 14, 2022 to May 15, 202638
- BarclaysSCHEDULE 13G, 1 filing May 14, 202639
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jul 29, 2025 to Mar 27, 202640
- MAK Capital Fund LPSCHEDULE 13G/A, 2 filings Mar 2, 2026 to Mar 12, 202641
- HARBOR SPRING MASTER FUND, LPSC 13D/A, 4 filings Apr 1, 2022 to Oct 6, 202342
- REVOLUTION GROWTH III, LPSC 13G/A, 1 filing Feb 14, 202343
- Firstime Ventures G.P. Ltd.SC 13G/A, 2 filings Feb 14, 2022 to Feb 13, 202344
- Spark Capital IV, L.P.SC 13D/A, 1 filing Feb 7, 202345
- CITADEL ADVISORS LLCSC 13G/A, 1 filing Feb 14, 202246
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 9, 202247
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARTalkspace, Inc. filings on SEC EDGAR
- 2SEC EDGARTalkspace, Inc. filings on SEC EDGAR
- 3SEC EDGARTalkspace, Inc. 10-K for fiscal 2025
- 4SEC EDGARTalkspace, Inc. 10-K for fiscal 2025
- 5SEC EDGARTalkspace, Inc. 10-K for fiscal 2019
- 6SEC EDGARTalkspace, Inc. 10-K for fiscal 2020
- 7SEC EDGARTalkspace, Inc. 10-K for fiscal 2021
- 8SEC EDGARTalkspace, Inc. 10-K for fiscal 2022
- 9SEC EDGARTalkspace, Inc. 10-Q for fiscal 2026
- 10SEC EDGARTalkspace, Inc. 10-Q for fiscal 2026
- 11SEC EDGAROren Frank, Chief executive officer
- 12SEC EDGARDouglas Bergeron, Chair
- 13SEC EDGARMark Hirschhorn, President
- 14
- 15
- 16
- 17
- 18
- 19SEC EDGARErin Boyd, Chief Growth Officer
- 20
- 21
- 22
- 23SEC EDGARLiat Benzur, Board member
- 24SEC EDGARSwati Bargotra Abbott, Board member
- 25SEC EDGARCharles Berg, Board member
- 26SEC EDGARCurtis Warfield, Board member
- 27SEC EDGARErez Shachar, Board member
- 28SEC EDGARJacqueline E. Yeaney, Board member
- 29SEC EDGARMadhu Pawar, Board member
- 30SEC EDGARAmy W. Schulman, Board member
- 31SEC EDGARRobert Greifeld, Board member
- 32SEC EDGARThelma Duggin, Board member
- 33SEC EDGARJohn Charles Reilly, General counsel
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47