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What this page is: Delvantic's full research page for Talkspace Inc. (TALK) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Healthcare · Health Information Services
New York, NY 10017, United States
talkspace.com
Price
$5.23
Market Cap
$877.8M
Employees
598
Beta
—
Avg Volume
2,041,387
CEO
Dr. Jon R. Cohen M.D.
Talkspace Inc. is a behavioral healthcare company that connects patients with licensed therapists, psychiatrists, and psychologists through a digital platform accessible via web and mobile applications. The company enables mental health treatment through text messaging, audio, video calls, and live sessions, utilizing evidence-based therapeutic approaches such as cognitive behavioral therapy. Talkspace serves multiple customer segments including individual subscribers, health plans, employers, and government entities, with services available through Medicare, Medicare Advantage, and major insurance providers. The platform incorporates machine learning and artificial intelligence tools to enhance clinical outcomes and support providers in delivering care. Headquartered in New York City and founded in 2012, Talkspace has shifted its business model to emphasize enterprise and payer partnerships while maintaining direct-to-consumer offerings. The company recently achieved profitability and has established strategic partnerships with major organizations to expand access to mental health services.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 11 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 6, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+19.0%
Mar '26
+9.9%
May '26
+4.1%
May '26
-66.7%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 6, 2026 | $0.03 | $0.01 -66.7% | — | — |
| May 28, 2026 | $1.23 | $1.28 +4.1% | — | — |
| May 7, 2026 | $1.11 | $1.22 +9.9% | — | — |
| Mar 3, 2026 | $0.21 | $0.25 +19.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 6, 2026 | 10-Q | View |
| Jul 30, 2026 | SCHEDULE 13G/A | View |
| Jun 22, 2026 | 4 | View |
| Jun 22, 2026 | 25-NSE | View |
| Jun 16, 2026 | 4 | View |
| Jun 16, 2026 | 4 | View |
| Jun 16, 2026 | 4 | View |
| Jun 16, 2026 | 4 | View |
| Jun 3, 2026 | 4 | View |
| Jun 3, 2026 | 4 | View |
| Jun 3, 2026 | 4 | View |
| May 29, 2026 | 8-K | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 11, 2026 11:08am (just now)
Current data · timestamped when a report runs
$5.23
Change · Aug 11
-0.01 (-0.19%)
Day Range
$5.23 – $5.23
52-Week Range
$2.45 – $5.25
50-Day MA
$5.21
200-Day MA
$4.50
Volume
11,342.00
Share Structure
Outstanding
167,512,566.00
Float
128,322,760.00
Free Float
76.6%
Normal free float
— 76.6% of shares trade freely, ~23.4% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
130.75
Stock Price: $5.23
EPS (Diluted): 0.04
EPS (Diluted): 0.04
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
7.76
Stock Price: $5.23
Total Equity: $117.02M
Shares: 173,648,431
Total Equity: $117.02M
Shares: 173,648,431
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
139.44
Market Cap: $877.77M
Total Debt: $0.00
Cash: $37.35M
EBITDA: $6.03M
Total Debt: $0.00
Cash: $37.35M
EBITDA: $6.03M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$840.4M
Market Cap: $877.77M
Total Debt: $0.00
Cash: $37.35M
Total Debt: $0.00
Cash: $37.35M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: N/A
Revenue: N/A
Missing from API: Gross Profit, Revenue
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
—
Operating Income: $3.15M
Revenue: N/A
Revenue: N/A
Missing from API: Revenue
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
—
Net Income: $7.79M
Revenue: N/A
Revenue: N/A
Missing from API: Revenue
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
6.7%
Net Income: $7.79M
Total Equity: $117.02M
Total Equity: $117.02M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
3.7%
Operating Income: $3.15M
Tax Rate: 6.9%
Equity: $117.02M
Total Debt: $0.00
Cash: $37.35M
Tax Rate: 6.9%
Equity: $117.02M
Total Debt: $0.00
Cash: $37.35M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
6.38
Current Assets: $111.06M
Current Liabilities: $17.40M
Current Liabilities: $17.40M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $117.02M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $117.02M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
—
Revenue: N/A
Shares: 173,648,431
Shares: 173,648,431
Missing from API: Revenue
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$0.67
Total Equity: $117.02M
Shares: 173,648,431
Shares: 173,648,431
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$0.05
Operating CF: $8.53M
CapEx: $0.00
Shares: 173,648,431
CapEx: $0.00
Shares: 173,648,431
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $5.23
Stock Price: $5.23
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $7.79M
Net Income: $7.79M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 11, 2026 11:08am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $25.3M | $27.6M | — |
| Cost of Revenue | $46.9M | $59.2M | -$49.1M | -$58.2M | — |
| Gross Profit | $66.8M | $60.3M | $74.4M | $85.8M | — |
| Operating Expenses | $160.7M | $143.5M | $97.6M | $90.3M | $225.7M |
| Operating Income | -$93.9M | -$83.2M | -$23.2M | -$4.5M | $3.2M |
| Net Income | -$62.7M | -$79.7M | -$19.2M | $1.1M | $7.8M |
| EBITDA | -$92.0M | -$81.8M | -$22.0M | -$3.6M | $6.0M |
| EPS | $-0.72 | $-0.51 | $-0.12 | $0.01 | $0.05 |
| EPS (Diluted) | $-0.72 | $-0.51 | $-0.12 | $0.01 | $0.04 |
Balance Sheet (Annual)
Last updated: Aug 11, 2026 11:08am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $198.3M | $138.5M | $123.9M | $76.7M | $37.4M |
| Total Current Assets | $213.3M | $152.6M | $139.8M | $130.2M | $111.1M |
| Total Assets | $223.6M | $156.3M | $142.2M | $138.7M | $134.9M |
| Current Liabilities | $27.2M | $27.3M | $21.6M | $19.0M | $17.4M |
| Long-Term Debt | — | — | — | — | — |
| Total Liabilities | $31.3M | $28.7M | $23.6M | $21.3M | $17.8M |
| Total Equity | $192.3M | $127.5M | $118.6M | $117.4M | $117.0M |
| Retained Earnings | -$171.5M | -$251.2M | -$270.4M | -$269.2M | -$261.4M |
Cash Flow (Annual)
Last updated: Aug 11, 2026 11:08am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$65.7M | -$61.1M | -$16.4M | $11.7M | $8.5M |
| Capital Expenditure | $-663,000 | $-350,000 | $-151,000 | — | — |
| Free Cash Flow | -$66.4M | -$61.4M | -$16.5M | — | — |
| Acquisitions (net) | — | — | $0 | $0 | -$4.9M |
| Net Debt Issued / (Repaid) | $0 | $0 | $0 | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | — | $0 | $0 | -$11.0M | -$17.2M |
| Net Change in Cash | $185.0M | -$59.7M | -$14.6M | -$47.2M | -$39.3M |
Growth Trends (YoY %)
Last updated: Aug 11, 2026 11:08am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | — | — | +9.1% | — |
| Gross Profit Growth | -9.6% | +23.3% | +15.4% | — |
| Operating Income Growth | +11.5% | +72.1% | +80.6% | +170.1% |
| Net Income Growth | -27.0% | +75.9% | +106.0% | +578.8% |
| EBITDA Growth | +11.0% | +73.1% | +83.5% | +265.7% |
Industry Benchmarks
Compares TALK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for this companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for this companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TALK — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for TALK — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for TALK — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for TALK — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14