Talkspace, Inc. (TALK) Q1 2025 Earnings Call Transcript

2025-05-06 13:54:04 ET

Talkspace, Inc. (TALK)

Q1 2025 Earnings Conference Call

May 6, 2025 8:30 AM ET

Company Participants

Jeannine Feyen – Director-Communications

Jon Cohen – Chief Executive Officer

Ian Harris – Chief Financial Officer

Conference Call Participants

Ryan Daniels – William Blair

Steve Dechert – KeyBanc Capital Markets

Charles Rhyee – TD Cowen

Bobby Brooks – Northland Capital Markets

Ryan MacDonald – Needham & Company

Steven Valiquette – Mizuho Securities

Presentation

Operator

Good morning, ladies and gentlemen, and thank you for standing by. My name is Kelvin and I will be your conference operator today. At this time I would like to welcome everyone to the Talkspace First Quarter 2025 Earnings Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions] Thank you.

I would now like to turn the call over to Jeannine Feyen. Please go ahead.

Jeannine Feyen

Good morning and welcome to Talkspace’s earnings conference call for the first quarter of 2025. I hope you’ve had the opportunity to access the press release we posted on Talkspace’s IR website and the presentation of our earnings results. We’ll use the presentation to walk you through today’s remarks. Leading today’s call are our CEO, Dr. Jon Cohen; and our CFO, Ian Harris.

Management will offer their prepared remarks and will then take your questions. Certain measures we’ll discuss on this call are expressed on a non-GAAP basis and have been adjusted to exclude the impact of one-off items. Reconciliations of these non-GAAP measures are included in our earnings release and on our website, talkspace.com

I also want to remind you that we will be discussing forward-looking information today, which may include forecasts, targets and other statements regarding our plans, goals, strategic priorities and anticipated financial results. While these statements represent our best current judgment about future results and performance as of today, our actual results are subject to many risks and uncertainties that could cause actual results to differ materially from what we expect. Important factors that may affect our future results are described in our most recent SEC reports and today’s earnings press release. For more information, please review our Safe Harbor disclaimer on Slide 2.

Now, I will turn it over to Dr. Jon Cohen.

Jon Cohen

Good morning and thank you for joining the call today to review our first quarter results. We had a good start to the year with revenue growing 15%, session volume up 23%, and EBITDA up 153% over the first quarter of last year. May is Mental Health Awareness Month. This year we are reaffirming our commitment to breaking down barriers to care for millions of Americans with our Let’s Face It’ campaign where we demonstrate how Talkspace members use our platform to confront what may be holding them back....

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