Talkspace (TALK) Q2 2026 earnings summary

Executive summary

• Revenue for Q2 2026 was $61.7M, up 13.6% year-over-year, driven by a 27.1% increase in Payor revenue, offset by declines in DTE and Consumer segments.

• Net loss for Q2 2026 was $1.5M, compared to $0.5M in Q2 2025; net loss for the first half of 2026 was $7.8M, up from $0.2M in the prior year period.

• A definitive merger agreement was signed with Universal Health Services, Inc. (UHS) for $5.25 per share in cash, valuing the transaction at $835M and expected to close in Q3 2026.

• Transaction-related costs for the merger totaled $0.9M in Q2 and $8.2M for the first half of 2026.

Financial highlights

• Q2 2026 revenue: $61.7M (+13.6% YoY); H1 2026 revenue: $123.4M (+15.8% YoY).

• Q2 2026 net loss: $1.5M; H1 2026 net loss: $7.8M.

• Adjusted EBITDA for Q2 2026 was $1.0M, compared to $2.3M in Q2 2025; H1 2026 adjusted EBITDA was $7.1M, up from $4.2M in H1 2025.

• Cash, cash equivalents, and marketable securities totaled $91.0M as of June 30, 2026; no debt outstanding.

Outlook and guidance

• The merger with UHS is expected to close in Q3 2026, after which the company will be delisted from NASDAQ.

• Management anticipates sufficient liquidity for at least the next 12 months and the foreseeable future.