Significant Revenue Growth
Talkspace reported a total revenue for Q1 2025 of $52.2 million, representing a 15% increase compared to the first quarter of 2024.
Strong Payor Business Performance
The Payor business grew by 33% from Q1 2024, with Payor sessions increasing by 23% year-over-year and unique Payor members completing a session growing by 17%.
EBITDA Surge
EBITDA increased by 153% over the first quarter of last year, indicating strong financial operational improvements.
Military and Medicare Expansion
Talkspace expanded its reach to all of TRICARE’s 10.5 million members and reported strong Medicare registration growth, with 84% of Medicare members showing clinical improvement.
Innovative AI Applications
Talkspace launched several AI applications, including the Talkcast personalized podcast feature, and validated a new risk assessment tool with over 90% accuracy in determining risk for violent behavior.
Positive Net Income
Talkspace achieved a GAAP net income of $300,000 in the quarter, an improvement from a $1.5 million loss one year ago.