ADDED
together with its consolidated subsidiaries (referred to herein as the Company, we, our, us, or Talkspace ) is a leading virtual behavioral healthcare company offering its members convenient and affordable access to a fully-credentialed network of highly qualified providers across a wide and growing spectrum of care through virtual psychotherapy and psychiatry.
Founded in 2012, Talkspace pioneered message-based therapy, fulfilling an unmet desire of many people to connect with a licensed therapist from anywhere.
Today we are a single destination for comprehensive mental health care, including therapy for individuals, couples, and teens, as well as psychiatric treatment and medication management (18+), and self-guided tools and resources.
Most Americans have access to Talkspace through their health insurance plans, employee assistance programs, our partnerships with leading healthcare companies, or as a free benefit through their employer, school, or government agency.
All care offered at Talkspace is delivered through an easy-to-use, fully-encrypted web and mobile platform that meets HIPAA, federal, and state regulatory requirements.
Our customers are comprised of the following: Health insurance plans from commercial and government institutions, and employee assistance programs ( Payor ), who offer their members access to our platform at in-network reimbursement rates, Direct-to-Enterprise ( DTE ), comprised of enterprises who offer their enterprise members access to our platform while their enterprise is under an active contract with Talkspace, and Individual subscribers ( Consumer ) who subscribe directly to our platform.
Our vast nationwide network of 5,700+ licensed providers, located across all 50 U.S.
states and the District of Columbia, include therapists and psychiatric providers with specialized knowledge of more than 150 conditions and treatment modalities.
For the year ended December 31, 2025 our revenues were $228.9 million compared to $187.6 million for the year ended December 31, 2024.
For the year ended December 31, 2025, our clinicians completed 1,617,000 sessions related to members covered under our Payor customers compared to 1,229,200 completed sessions for the year ended December 31, 2024.
REMOVED
together with its consolidated subsidiaries (referred to herein as the Company , we , our , us or Talkspace ) is a leading virtual behavioral health company connecting millions of patients with licensed mental health providers across a wide and growing spectrum of care through virtual psychotherapy and psychiatry.
Through our purpose-built platform created to address the vast, unmet and growing demand for behavioral health services, we serve: Health insurance plans (commercial and government) and employee assistance programs ( Payor ) who offer their members access to our platform at in-network reimbursement rates, Direct-to-Enterprise ( DTE ) comprised of enterprises who offer their enterprise members access to our platform while their enterprise is under an active contract with Talkspace, and Individual subscribers ( Consumer ) who subscribe directly to our platform.
Through our psychotherapy offerings, our licensed therapists and counselors treat mental health conditions in over 150 clinical conditions, such as depression, anxiety, trauma and other fields of human challenges.
Through our psychiatry offerings, our board-certified psychiatrists and prescription-eligible nurse practitioners treat a higher acuity patient demographic, including those who may have pharmacological needs.
We have a vast nationwide network of fully-credentialed providers across all 50 U.S.
Our network has the power to deliver an enhanced care journey, higher member lifetime engagement and meaningful outcomes for our members, as well as generally greater margins when compared to in-person treatment.
In pursuing our mission of making behavioral health care available to all, we aim to provide our members with high-quality behavioral healthcare via coverage through a health insurance plan, employee access program, enterprise benefit or direct payment for our services.
For the year ended December 31, 2024 our revenues were $187.6 million compared to $150.0 million for the year ended December 31, 2023.
As of December 31, 2024, we had approximately 179.4 million eligible lives through our Payor and DTE customers compared to 131 million eligible lives as of December 31, 2023.
As of December 31, 2024, we had approximately 7,200 Consumer active members compared to 11,700 Consumer active members as of December 31, 2023.