Talkspace

Talkspace, Inc. is an American digital behavioral healthcare company offering online and mobile therapy and psychiatry services. Founded in 2012 by Oren and Roni Frank and headquartered in New York City, it connects users with licensed therapists and psychiatrists through web and mobile platforms via text, audio, and video messaging as well as live video sessions. It serves North America with a network of thousands of licensed providers covering all fifty states.

The company provides individual therapy, couples therapy, teen therapy, LGBTQIA+ therapy, and medication management, delivered entirely online (no in-person sessions). Users are matched to a dedicated, licensed provider within their state of residence, with therapists trained in approaches including cognitive behavioral therapy, dialectical behavioral therapy, mindfulness, psychodynamic therapy, and couples therapy.

Beyond direct-to-consumer subscriptions, Talkspace serves organizations and is positioned as a leading online mental health solution trusted by payers, employers, brokers, and members, also partnering with schools and governments. It is in-network with many major insurance plans, with most insured members having a $0 copay. As a digital-first behavioral health platform, innovation in this space is core to its model.

Talkspace is publicly traded on Nasdaq under the ticker TALK (warrants under TALKW), having begun trading on June 23, 2021 following a merger with Hudson Executive Investment Corp., a SPAC, intended to provide roughly $250 million in growth capital. Jon R. Cohen, M.D. serves as CEO and has been a board director since September 2022. In Q3 2024, total revenue grew 23% year-over-year, driven by 45% growth in payor revenue, with GAAP net income of $1.9 million versus a $4.4 million net loss a year earlier.