TALK
Talkspace, Inc.
Next earnings Aug 3, 2026 (before open) · consensus $0.03 EPS, $69.3M rev
Last earnings +22.9% on 2026-02-19
$5.22
▲ +0.58%$5.22▲ +89.13%
over 1Y
L $2.27EODHDH $5.23
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.6%
1W+0.2%
1M+0.4%
3M+1.4%
YTD+48.7%
1Y+89.1%
Hold
Conviction
Horizon
Short (<3mo)
12-mo target
$•••
Street · 14 analysts
Buy
Pending UHS cash merger at $5.25/share caps upside near current $5.20 — essentially a merger-arb hold, not a fundamental call.
Merger consideration $5.25/share cash · Announced 2026-03-09
The read
Middling fundamentals and a rich price (~73% above fair value) leave little margin of safety — a wait-and-see.
The investment case for TALK has been overwritten by the March 9, 2026 definitive Merger Agreement with Universal Health Services, under which each share converts into the right to receive $5.25 in cash. At $5.20, the stock trades roughly 1% below the deal price, meaning the market is pricing a high probability of close with only modest arb spread remaining. This is no longer a fundamentals story — it is a deal-completion story gated on HSR clearance, state healthcare-law waiting periods, and a shareholder vote (all explicitly cited in the 10-K).
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $114M | $120M | $150M | $188M | $229M |
| Gross profit | $66.8M | $60.3M | $74.4M | $85.8M | — |
| Operating income | -$93.9M | -$83.2M | -$23.2M | -$4.50M | $3.15M |
| Net income | -$62.7M | -$79.7M | -$19.2M | $1.15M | $7.79M |
| Diluted EPS | -$0.72 | -$0.51 | -$0.12 | $0.01 | $0.04 |
| Net margin | -55.2% | -66.6% | -12.8% | 0.6% | 3.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$835M
EV / EBITDA138.5
EV / Sales3.6
EV / FCF99.6
P / FCF104.0
PEG (trailing)0.23
Earnings yield0.9%
FCF yield1.0%
Quality & risk
ROIC (est.)2.1%
Free cash flow$8.38M
Total debt—
Net cash$37.4M
Altman Z-Score29.21 safe
Piotroski F-Score6/8
Capital returns
Buyback yield2.0%
Dividend yield (est.)—
Shareholder yield2.0%
Shares Δ YoY-0.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-05-29
Stockholders approved the UHS merger at the special meeting; deal certainty improves
- 10-Q Quarterly report2026-05-11
Q1'26 10-Q filed while merger pending; operations on plan, no surprises
- 10-K/A Restated periodic report2026-04-30
10-K/A added Part III (governance, exec comp); no financial restatement
- 10-K Annual report2026-03-13
FY25 10-K: $229M rev, $7.8M NI, $37M cash; discloses pending UHS deal
- 8-K Material agreement2026-03-09
Press release announcing the UHS take-private; ends standalone equity story
- 8-K Other event2026-03-09
Press release announcing the UHS take-private; ends standalone equity story
- 8-K Earnings results2026-02-19
Q4/FY25 results: revenue $229M (+22%), net income $7.8M vs $1.2M
- 8-K Reg FD disclosure2026-01-15
Preliminary FY25 update / investor conference disclosure ahead of print
- 10-Q Quarterly report2025-11-06
Q3'25 10-Q: payor sessions and revenue still scaling, margins improving
Recent filings
all on EDGAR ↗4Period ending 2026-06-182026-06-22open ↗25-NSEFiling2026-06-22open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-122026-06-16open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗8-KPeriod ending 2026-05-292026-05-29open ↗SCHEDULE 13G/AFiling2026-05-15open ↗SCHEDULE 13GFiling2026-05-15open ↗
Frequently asked
- Is Talkspace, Inc. (TALK) a buy?
- TALK currently carries a Hold rating with 4/5 conviction, derived from its latest SEC filings. Pending UHS cash merger at $5.25/share caps upside near current $5.20 — essentially a merger-arb hold, not a fundamental call.
- What is TALK's fair value?
- A Modified-Graham model based on TALK's SEC fundamentals estimates a fair value of about $1.42. It is an estimate from reported earnings, not a price target.
- Is TALK overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, TALK currently appears overvalued relative to its SEC-grounded earnings power.
- What is Talkspace, Inc.'s quality score?
- TALK scores 66.68627450980392/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001803901, latest 10-Q filed 2026-05-11) · EODHD · analysis by claude-code · as of 6/25/2026, 2:46:21 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.