Core Insights - Talkspace, Inc. reported a total revenue growth of 18% year-over-year to $54.3 million in Q2 2025, primarily driven by a 35% increase in Payor revenue, despite a 32% decline in Consumer revenue [1][6][12] - The company experienced a net loss of $0.5 million, which is relatively flat compared to the same quarter in 2024, while adjusted EBITDA improved to $2.3 million, up from $1.2 million in Q2 2024 [1][6][12] - The number of completed Payor sessions increased by 29% year-over-year, and unique active Payor members grew by 25% [3][6] Financial Performance - Total revenue for the first half of 2025 reached $106.5 million, reflecting a 16% increase from $91.5 million in the same period of 2024 [3][6] - Costs and operating expenses rose by 13% year-over-year to $56.1 million, mainly due to increased costs associated with revenue generation [6][14] - Cash and cash equivalents at the end of the period stood at $54.3 million, with short-term marketable securities amounting to $48.4 million [3][19] Key Metrics - The number of completed Payor sessions during Q2 2025 was 385.1 thousand, while the number of unique active Payor members was 111.2 thousand [3][6] - Adjusted EBITDA for the first half of 2025 was $4.2 million, a significant increase of 117% compared to $1.9 million in the same period of 2024 [3][6][28] - The company repurchased $1.4 million worth of shares during the quarter [1] Guidance - For the full year 2025, Talkspace expects revenue to be in the range of $220 million to $235 million and adjusted EBITDA to be between $14 million and $20 million [12][7]
Talkspace Announces Second Quarter 2025 Results