---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-21-004591"
form_type: "8-K"
ticker: "TALK"
cik: "0001803901"
company_name: "Talkspace, Inc."
filed_at: "2021-11-15T23:59:59+00:00"
generated_at: "2026-06-28T08:35:01.811863+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Talkspace Q3 revenue $26.4M (+23% YoY) misses; adjusted EBITDA loss widens to $20.8M

## Summary
- Net revenue $26.4M (+23% YoY) but missed expectations due to lower B2C customers and $2.8M non-cash reserve adjustment.
- Adjusted EBITDA loss of $20.8M vs. $2.0M loss in prior year; gross margin fell to 54% from 70%.
- B2B eligible lives up 92% to 75.3M; B2B revenue up 69% to $7.7M; direct-to-consumer revenue only +10%.
- Net income $1.5M driven by $26.9M non-cash gain from warrant revaluation; $223M liquidity on hand.
- Active members grew 21% to ~60,300; completed B2B sessions up 96% to 71,300.

## SEC filing metadata
- accession: 0000950170-21-004591
- form_type: 8-K
- ticker: TALK
- cik: 0001803901
- company_name: Talkspace, Inc.
- filed_at: 2021-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803901/000095017021004591/0000950170-21-004591-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803901/000095017021004591/talk-20211115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-21-004591
- JSON: https://secwatch.observer/filing/0000950170-21-004591.json
- Plain text: https://secwatch.observer/filing/0000950170-21-004591.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.