---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-018441"
form_type: "8-K"
ticker: "TALK"
cik: "0001803901"
company_name: "Talkspace, Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:57:29.374623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Talkspace Q4 revenue up 40% to $42.4M; net loss narrows; guides 2024 EBITDA positive

## Summary
- Q4 payor revenue surged 138% YoY; total revenue $42.4M (+40% YoY).
- Adjusted EBITDA loss improved 97% YoY to -$0.3M; net loss -$1.3M vs -$18.3M prior year.
- FY 2023 revenue $150.0M (+25% YoY); operating expenses down 32% to $97.6M.
- 2024 guidance: revenue $185-$195M; adjusted EBITDA $4-$8M, first full-year profitability.
- Board authorized $15M share repurchase over 24 months; funded from cash on hand.

## SEC filing metadata
- accession: 0000950170-24-018441
- form_type: 8-K
- ticker: TALK
- cik: 0001803901
- company_name: Talkspace, Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803901/000095017024018441/0000950170-24-018441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803901/000095017024018441/talk-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-018441
- JSON: https://secwatch.observer/filing/0000950170-24-018441.json
- Plain text: https://secwatch.observer/filing/0000950170-24-018441.txt

## Key facts
- Earnings Releases
  Talkspace, Inc. reported the year ended December 31, 2023 results: revenue $150.0 million, net income $(19.2) million. Guidance initiated.
  - Period: the year ended December 31, 2023
  - Revenue: $150.0 million
  - Net income: $(19.2) million
  - Guidance: initiated
  - Result: reported results
  source text: Full Year 2023 Key Performance Metrics • Revenue increased 25% over the prior year to $150.0 million, driven by a 123% year-over-year increase in Payor revenue and a 19% year-over-year increase in DTE revenue; partially offset by a 35% year-over-year consumer revenue decline. • Gross profit increased 23% over the prior year to $74.4 million, and gross margin declined to 49.6% from 50.5% year-over-year, driven by a shift in revenue mix towards Payor. • Operating expenses were $97.6 million, down 32% year-over-year, driven by a reduction across all of our operating cost categories. • Net loss was $(19.2) million, an improvement from $(79.7) million net loss in 2022, primarily driven by lower operating expenses, and an increase in revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803901/000095017024018441/0000950170-24-018441-index.htm
- Earnings Releases
  Talkspace, Inc. reported the three months ended December 31, 2023 results: revenue $42.4 million, net income $(1.3) million. Guidance initiated.
  - Period: the three months ended December 31, 2023
  - Revenue: $42.4 million
  - Net income: $(1.3) million
  - Guidance: initiated
  - Result: reported results
  source text: Fourth Quarter 2023 Key Performance Metrics • Revenue increased 40% over the prior-year period to $42.4 million, driven by a 138% year-over-year increase in Payor revenue and a 3% year-over-year increase in DTE revenue; partially offset by a 26% year-over-year consumer revenue decline. • Gross profit increased 30% over the prior-year period to $21.0 million, and gross margin declined to 49.4% from 53.5% year-over-year, driven by a shift in revenue mix towards Payor consistent with our strategic objectives. • Operating expenses were $23.6 million, down 37% year-over-year, driven by a reduction across all of our operating cost categories. • Net loss was $(1.3) million, an improvement from $(18.3) million net loss in the fourth quarter of 2022, primarily driven by lower operating expenses, and an increase in revenue.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803901/000095017024018441/0000950170-24-018441-index.htm

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