Talkspace reported a strong fourth quarter with a 15% increase in revenue and positive adjusted EBITDA. The company's focus on the payor market and expansion of covered lives contributed to a successful year.
Revenue increased 15% year-over-year to $48.7 million, driven by growth in Payor and DTE segments.
Net income improved to $1.2 million compared to a net loss of $(1.3) million in the fourth quarter of 2023.
Adjusted EBITDA improved to $2.7 million compared to an adjusted EBITDA loss of $(0.3) million in the fourth quarter of 2023.
Gross profit increased 3% over the prior-year period to $21.5 million.
For 2025, Talkspace expects revenue to be in the range of $220 million to $235 million and adjusted EBITDA to be in the range of $14 million to $20 million.
Visualization of income flow from segment revenue to net income
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