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Talkspace earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026
Q2 2026 Revenue up 14% year over year to $61.7M · 2¢ of every $1 of revenue lost · operating margin -3.4%
Talkspace made $61.7M in Q2 2026 (+14% Y/Y). Operating margin -3.4%, net loss $1.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
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What changed this quarter
Revenue was $61.7M in Q2 2026, up 14% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $2.1M, an operating margin of -3.4%. Total costs grew 14% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+20%). The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $6.3M loss. Non-operating items added $608K, -40% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $11.4M. Non-cash charges added back $1.6M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $9.2M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $61.7M | +14% | -3.4% | −$1.5M | $11.4M |
| Q1 2026 | 10-Q | May 11, 2026 | $61.7M | +18% | -11.6% | −$6.3M | −$4.4M |
| Q4 2025 | 10-K | Mar 13, 2026 | $63.0M | +29% | 6.1% | $4.8M | $5.4M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $59.4M | +25% | 3.7% | $3.3M | $4.7M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $54.3M | +18% | -3.3% | −$541K | −$351K |
| Q1 2025 | 10-Q | May 9, 2025 | $52.2M | +15% | -2.1% | $318K | −$1.2M |
| Q4 2024 | 10-K | Mar 12, 2025 | $48.7M | +15% | 1.2% | $1.2M | $3.7M |
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About Talkspace
Talkspace, Inc. (together with its consolidated subsidiaries, the “Company” or “Talkspace”) is a leading behavioral healthcare company enabled by a purpose-built technology platform. Talkspace provides individuals and licensed therapists, psychologists and psychiatrists with an online platform for one-on-one therapy delivered via messaging, audio and video. Since its founding in 2012, the Company has connected millions of patients with licensed behavioral health providers across a wide and growing spectrum of care through virtual counseling, psychotherapy and psychiatry. The Company's principal executive office is located in New York, NY.
In its own words, from its 10-Q, filed Aug 6, 2026.
Talkspace against its Services-Health Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +13%. Operating margin: -3.4% against the peers' median 5.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Talkspace | Q2 2026 | $61.7M | +14% | -3.4% |
| PRVA Privia Health Group | Q3 2026 | $657M | +13% | 3.1% |
| LFST LifeStance Health Group | Q3 2026 | $456M | +25% | 7.3% |
| PIII P3 Health Partners | Q2 2026 | $386M | +9% | 10.7% |
| PNTG Pennant Group | Q3 2026 | $302M | +32% | 5.5% |
| INNV InnovAge Holding | Q1 FY27 | $265M | +12% | 7.6% |
| USPH U S Physical Therapy | Q3 2026 | $223M | +13% | 11.3% |
| WGS GeneDx Holdings | Q2 2026 | $114M | +11% | -15.3% |
| OMDA Omada Health | Q3 2026 | $91.3M | +34% | 5.3% |
Source: Talkspace 10-Q on SEC EDGAR · CIK 1803901 · Services-Health Services