Talkspace, Inc.
TALK, TALKW · Services-Health Services · 167.5M shares · +131%/yr ↑ dilution · EDGAR filings ↗
Reference price $5.20 · est. market cap ~$871M — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B70Talkspace — teletherapy provider that has turned profitable.
Strengths
- ROA 88th pct; revenue +22%; net income up sharply; strong liquidity (current 6.4)
- Shift to insurance-covered (B2B/payer) therapy
Risks
- Thin margins; competition in virtual behavioral health
- Payer-contract and utilization sensitivity
Notable findings
- Chronic dilutionShare count +131%/yr over 3y (dilution, book value/share -93%)
- Pending merger• The Merger Agreement contains provisions that limit our ability to pursue alternative transactions and may require us to pay a substantial termination fee
- Insider sellingInsider selling — 5 open-market sale(s) by 1 insider(s) (~$496,824, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
1.4%
Net margin
3.4%
Return on equity
6.7%
Return on assets
5.8%
Revenue growth (QoQ)
-2.1%
Net-income growth
578.8%
Current ratio
6.4×
EBITDA
$6M
Tangible book value
$110M
Cash & investments
$37M
Stock comp / revenue
3.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Reilly John Charles | Sell | 700 | $5.21 |
| 2026-06-18 | Reilly John Charles | Sell | 39K | $5.20 |
| 2026-06-18 | Reilly John Charles | Sell | 474 | $5.21 |
| 2026-06-12 | Reilly John Charles | Sell | 54K | $5.21 |
| 2026-06-12 | Cohen Jon R | Tax withheld | 100K | $5.23 |
| 2026-06-12 | Harris Ian Jiro | Tax withheld | 39K | $5.23 |
| 2026-06-12 | Watson Katelyn | Tax withheld | 7.2K | $5.23 |
| 2026-06-12 | Reilly John Charles | Tax withheld | 18K | $5.23 |
| 2026-06-12 | Reilly John Charles | Sell | 900 | $5.22 |
| 2026-06-01 | Braunstein Douglas L | Grant | 3.4K | — |
| 2026-06-01 | Shachar Erez | Grant | 2.4K | — |
| 2026-06-01 | Pawar Madhu | Grant | 1.9K | — |
| 2026-03-31 | Watson Katelyn | Grant | 39K | — |
| 2026-03-31 | Cohen Jon R | Grant | 388K | — |
| 2026-03-31 | Margolin Gil | Grant | 58K | — |
| 2026-03-31 | Harris Ian Jiro | Grant | 145K | — |
| 2026-03-31 | Reilly John Charles | Grant | 92K | — |
| 2026-03-13 | Watson Katelyn | Tax withheld | 1.3K | $4.82 |
| 2026-03-13 | Watson Katelyn | Tax withheld | 2.6K | $4.82 |
| 2026-03-13 | Watson Katelyn | Tax withheld | 1.6K | $4.82 |
| 2026-03-01 | Shachar Erez | Grant | 2.7K | — |
| 2026-03-01 | Pawar Madhu | Grant | 2.1K | — |
| 2026-03-01 | Braunstein Douglas L | Grant | 3.8K | — |
| 2026-02-12 | Watson Katelyn | Disposition | 12K | $4.04 |
| 2026-01-30 | Cohen Jon R | Grant | 75K | — |
| 2026-01-30 | Reilly John Charles | Grant | 21K | — |
| 2026-01-30 | Margolin Gil | Grant | 50K | — |
| 2026-01-30 | Harris Ian Jiro | Grant | 50K | — |
| 2026-01-30 | Watson Katelyn | Grant | 22K | — |
| 2025-12-11 | Margolin Gil | Sell | 15K | $3.26 |
| 2025-12-10 | Watson Katelyn | Tax withheld | 69K | $3.13 |
| 2025-12-10 | Margolin Gil | Tax withheld | 9.0K | $3.13 |
| 2025-12-02 | Margolin Gil | Sell | 3.5K | $3.15 |
| 2025-12-02 | Margolin Gil | Option exercise | 3.5K | $0.88 |
| 2025-12-01 | Abbott Swati Bargotra | Grant | 48K | — |
| 2025-12-01 | Braunstein Douglas L | Grant | 5.7K | — |
| 2025-12-01 | Braunstein Douglas L | Grant | 48K | — |
| 2025-12-01 | Hansen Michael E | Grant | 48K | — |
| 2025-12-01 | Warfield Curtis | Grant | 48K | — |
| 2025-12-01 | Shachar Erez | Grant | 48K | — |
| 2025-12-01 | Pawar Madhu | Grant | 3.0K | — |
| 2025-12-01 | Pawar Madhu | Grant | 48K | — |
| 2025-12-01 | YEANEY JACQUELINE E | Grant | 48K | — |
| 2025-12-01 | Benzur Liat | Grant | 48K | — |
| 2025-12-01 | Shachar Erez | Grant | 3.8K | — |
| 2025-09-12 | Margolin Gil | Sell | 20K | $2.58 |
| 2025-09-10 | Margolin Gil | Tax withheld | 2.7K | $2.66 |
| 2025-09-10 | Margolin Gil | Tax withheld | 2.4K | $2.66 |
| 2025-09-10 | Margolin Gil | Tax withheld | 3.6K | $2.66 |
| 2025-09-10 | Margolin Gil | Tax withheld | 1.5K | $2.66 |
| 2025-09-10 | Margolin Gil | Tax withheld | 1.6K | $2.66 |
| 2025-09-10 | Watson Katelyn | Tax withheld | 2.6K | $2.66 |
| 2025-09-10 | Watson Katelyn | Tax withheld | 1.3K | $2.66 |
| 2025-09-10 | Watson Katelyn | Tax withheld | 1.6K | $2.66 |
| 2025-09-02 | Margolin Gil | Option exercise | 3.5K | $0.88 |
| 2025-09-02 | Margolin Gil | Sell | 3.5K | $2.63 |
| 2025-09-01 | Pawar Madhu | Grant | 3.7K | — |
| 2025-09-01 | Shachar Erez | Grant | 4.7K | — |
| 2025-09-01 | Shachar Erez | Grant | 29K | — |
| 2025-09-01 | Braunstein Douglas L | Grant | 6.6K | — |
| 2025-06-16 | Margolin Gil | Sell | 19K | $2.91 |
| 2025-06-10 | Harris Ian Jiro | Tax withheld | 30K | $3.19 |
| 2025-06-10 | Margolin Gil | Tax withheld | 2.5K | $3.19 |
| 2025-06-10 | Margolin Gil | Tax withheld | 2.8K | $3.19 |
| 2025-06-10 | Margolin Gil | Tax withheld | 3.7K | $3.19 |
| 2025-06-10 | Margolin Gil | Tax withheld | 1.5K | $3.19 |
| 2025-06-10 | Margolin Gil | Tax withheld | 1.6K | $3.19 |
| 2025-06-10 | Watson Katelyn | Tax withheld | 2.6K | $3.19 |
| 2025-06-10 | Watson Katelyn | Tax withheld | 1.3K | $3.19 |
| 2025-06-10 | Cohen Jon R | Tax withheld | 11K | $3.19 |
| 2025-06-10 | Reilly John Charles | Tax withheld | 2.0K | $3.19 |
| 2025-06-10 | Reilly John Charles | Tax withheld | 5.3K | $3.19 |
| 2025-06-10 | Reilly John Charles | Tax withheld | 6.6K | $3.19 |
| 2025-06-10 | Reilly John Charles | Tax withheld | 3.9K | $3.19 |
| 2025-06-10 | Reilly John Charles | Tax withheld | 4.1K | $3.19 |
| 2025-06-10 | Harris Ian Jiro | Tax withheld | 4.7K | $3.19 |
| 2025-06-10 | Harris Ian Jiro | Option exercise | 4.4K | $2.86 |
| 2025-06-10 | Watson Katelyn | Tax withheld | 1.6K | $3.19 |
| 2025-06-10 | Cohen Jon R | Tax withheld | 37K | $3.19 |
| 2025-06-10 | Cohen Jon R | Tax withheld | 32K | $3.19 |
| 2025-06-10 | Cohen Jon R | Tax withheld | 4.1K | $3.19 |
| 2025-06-06 | Watson Katelyn | Sell | 39K | $3.30 |
| 2025-06-02 | Margolin Gil | Option exercise | 3.5K | $0.88 |
| 2025-06-02 | Margolin Gil | Sell | 3.5K | $3.24 |
| 2025-06-01 | Pawar Madhu | Grant | 3.3K | — |
| 2025-06-01 | Braunstein Douglas L | Grant | 5.8K | — |
| 2025-06-01 | Shachar Erez | Grant | 4.1K | — |
| 2025-03-10 | Margolin Gil | Sell | 19K | $2.77 |
| 2025-03-07 | Reilly John Charles | Tax withheld | 1.4K | $2.86 |
| 2025-03-07 | Cohen Jon R | Tax withheld | 28K | $2.86 |
| 2025-03-07 | Cohen Jon R | Tax withheld | 23K | $2.86 |
| 2025-03-07 | Cohen Jon R | Tax withheld | 2.9K | $2.86 |
| 2025-03-07 | Watson Katelyn | Tax withheld | 1.9K | $2.86 |
| 2025-03-07 | Watson Katelyn | Tax withheld | 923 | $2.86 |
| 2025-03-07 | Margolin Gil | Tax withheld | 2.5K | $2.86 |
| 2025-03-07 | Margolin Gil | Tax withheld | 2.8K | $2.86 |
| 2025-03-07 | Margolin Gil | Tax withheld | 3.6K | $2.86 |
| 2025-03-07 | Margolin Gil | Tax withheld | 1.5K | $2.86 |
| 2025-03-07 | Reilly John Charles | Tax withheld | 3.7K | $2.86 |
| 2025-03-07 | Reilly John Charles | Tax withheld | 4.6K | $2.86 |
| 2025-03-07 | Reilly John Charles | Tax withheld | 2.8K | $2.86 |
| 2025-03-05 | Harris Ian Jiro | Buy | 5.9K | $2.80 |
| 2025-03-04 | Harris Ian Jiro | Buy | 14K | $2.72 |
| 2025-03-04 | Reilly John Charles | Option exercise | 14K | $0.88 |
| 2025-03-04 | Pawar Madhu | Grant | 3.6K | — |
| 2025-03-04 | Reilly John Charles | Option exercise | 20K | $1.61 |
| 2025-03-03 | Harris Ian Jiro | Buy | 11K | $2.87 |
| 2025-03-03 | Margolin Gil | Sell | 3.5K | $2.89 |
| 2025-03-01 | Harris Ian Jiro | Grant | 187K | — |
| 2025-03-01 | Shachar Erez | Grant | 4.5K | — |
| 2025-03-01 | Braunstein Douglas L | Grant | 6.3K | — |
| 2025-03-01 | Reilly John Charles | Grant | 129K | — |
| 2025-03-01 | Margolin Gil | Grant | 69K | — |
| 2025-03-01 | Watson Katelyn | Grant | 50K | — |
| 2025-03-01 | Cohen Jon R | Grant | 359K | — |
| 2025-02-28 | Cohen Jon R | Buy | 75K | $2.86 |
| 2025-02-27 | Reilly John Charles | Buy | 1.8K | $2.81 |
| 2025-02-26 | Reilly John Charles | Buy | 1.8K | $2.88 |
| 2025-02-25 | Reilly John Charles | Buy | 5.5K | $2.88 |
| 2025-02-25 | Reilly John Charles | Buy | 5.5K | $2.88 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-29 | Shareholder voteOtherExhibits | filing ↗ |
| 2026-03-09 | OtherExhibits | filing ↗ |
| 2026-03-09 | Material agreementExhibits | filing ↗ |
| 2026-02-19 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-15 | Reg FDExhibits | filing ↗ |
| 2025-10-30 | ResultsReg FDExhibits | filing ↗ |
| 2025-10-06 | Reg FDExhibits | filing ↗ |
| 2025-08-05 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-29 | 2026-05-29 | 0000950157-26-000666 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001193125-26-217060 ↗ |
| 10-K/A | 2026-04-30 | 2025-12-31 | 0001193125-26-197712 ↗ |
| 10-K | 2026-03-13 | 2025-12-31 | 0001193125-26-105146 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0000950157-26-000267 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0000950157-26-000259 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001193125-26-058146 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0001193125-26-014105 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-268231 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001193125-25-257496 ↗ |
| 8-K | 2025-10-06 | 2025-10-06 | 0001193125-25-231059 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0000950170-25-106018 ↗ |