Talkspace Reports Strong Q4 and Full Year 2025 Results

Virtual behavioral healthcare provider sees 29% revenue growth in Q4 and 22% for the full year

Published on Feb. 24, 2026

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Talkspace, Inc., a leading virtual behavioral healthcare provider, reported strong financial results for the fourth quarter and full year 2025. The company saw a 29% year-over-year increase in Q4 revenue to $63.0 million and a 22% increase in full-year revenue to $228.9 million. Talkspace also reported net income of $4.8 million in Q4 and $7.8 million for the full year, along with adjusted EBITDA of $6.6 million in Q4 and $15.8 million for the full year.

Why it matters

Talkspace's robust financial performance in 2025 demonstrates the continued demand for virtual mental healthcare services. As more people seek convenient and accessible options for therapy and psychiatric treatment, Talkspace has positioned itself as a leader in the industry through strategic initiatives focused on network curation, product innovation, and payor integrations.

The details

Talkspace's Q4 2025 results were driven by a 41% year-over-year increase in Payor revenue, partially offset by a 30% decline in Consumer revenue. The company also saw a 33% increase in cost of revenue, excluding depreciation and amortization, due to a higher number of completed Payor sessions. For the full year, Talkspace reported a 38% increase in Payor revenue and a 29% increase in cost of revenue, excluding depreciation and amortization.

  • Talkspace reported its Q4 and full-year 2025 results on February 19, 2026.

The players

Talkspace, Inc.

An American virtual behavioral healthcare provider that offers therapy, psychiatric treatment, and medication management services through its easy-to-use digital platform.

Dr. Jon Cohen

The CEO of Talkspace.

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What they’re saying

“Talkspace concluded 2025 with strong momentum, driven by a record fourth quarter where we successfully prioritized network curation, product innovation, and deeper payor integrations. These strategic initiatives delivered 29% year-over-year growth with $63.0 million quarterly revenue and a 22% year-over-year increase in total annual revenue to $228.9 million.”

— Dr. Jon Cohen, CEO of Talkspace

What’s next

Talkspace expects revenue to be in the range of $275 million to $290 million and adjusted EBITDA to be in the range of $30 million to $35 million for 2026.

The takeaway

Talkspace's strong financial performance in 2025, marked by double-digit revenue growth and improved profitability, underscores the company's ability to capitalize on the growing demand for virtual mental healthcare services. As the company continues to innovate and deepen its payor integrations, it is well-positioned to deliver sustainable growth and long-term value in the years ahead.