Talkspace, Inc.
talkspace.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2026 10-Q, filed Aug 6, 2026. Its latest SEC filing is a 15-12G from Aug 27, 2026.
10-Q for Q2 FY2026, filed Aug 6, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Provides virtual therapy and psychiatry to members through health insurance plans and employee assistance programs.
10-K for FY2025, filed Mar 13, 2026
How Did They Make Money?
Health plans and employee assistance programs pay for therapy or psychiatry sessions when delivered. Employers pay monthly, per use, or a fixed monthly fee for platform access over a contract; individuals pay over a subscription period or for single sessions when those happen.
10-K for FY2025, filed Mar 13, 2026The Company contracts with health insurance plans and employee assistance programs to provide therapy and psychiatry services to their…View ↗
The Company contracts with enterprises to provide access to the Company's therapist platform for their enterprise members, primarily based…View ↗
The Company also generates revenues from the sale of monthly, quarterly, bi-annual and annual membership subscriptions to the Company's…View ↗
$228.9M
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10-K for FY2025, filed Mar 13, 2026
$228.9M ↗
Who Were Their Customers?
Health plans and employee assistance programs contract for covered members’ care; employers and other organizations contract directly for their members; individuals subscribe directly.
10-K for FY2025, filed Mar 13, 2026Payor: We contract with a number of health insurance plans from commercial and government institutions and employee assistance programs to…View ↗
DTE: We contract directly with enterprises to provide their enterprise members unlimited synchronous and asynchronous care primarily on a…View ↗
Consumer: We offer monthly, quarterly, bi-annual and annual membership subscription as well as supplementary a la carte offerings to…View ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$1.5MView ↗
- ▲ +180% (Loss)
- vs −$541K in Q2 FY2025
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Aug 17, 2026
Universal Health Services completed its acquisition of Talkspace
Talkspace became an indirect wholly owned subsidiary of Universal Health Services.
Sources
8-K, filed Aug 17, 2026
On the Closing Date, pursuant to and in accordance with the Merger Agreement, Merger Sub merged with and into the Company, with the Company…View ↗
Grew. Revenue grew 2.0x in 4 years, from $113.7M in FY2021 to $228.9M in FY2025, about 19% a year.
Peer support
Talkspace acquired Wisdo Health, a social-health and peer-support platform, adding a support offering alongside the psychotherapy and psychiatry services described in the earlier report.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 13, 2026Through our platform, we provide psychotherapy and psychiatry services to individuals, enterprises (also referred to as "employers") and…View ↗
On October 1, 2025, Talkspace acquired Wisdo Health,a clinically-proven and AI-powered social health and peer support platform. Social…View ↗
Conversational AI
The latest report describes a beta-tested mental-health conversation interface powered by Talkspace’s behavioral-health language model, alongside the earlier report’s psychotherapy and psychiatry offerings.
10-K for FY2022, filed Mar 10, 2023 10-K for FY2025, filed Mar 13, 2026Through our platform, we provide psychotherapy and psychiatry services to individuals, enterprises (also referred to as "employers") and…View ↗
Sentia AI, LLC is Talkspace’s wholly-owned subsidiary dedicated to proprietary Artificial Intelligence (“AI”) development. “Sentia” refers…View ↗
Who Did They Compete With?
Competes with Teladoc Health, Lyra Health, American Well, Spring Care, Apple, Meta, Verizon, Microsoft, and Walmart
10-K for FY2025, filed Mar 13, 2026We view as competitors those companies whose primary business is developing and marketing telehealth and virtual behavioral health…View ↗
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