Talkspace Q4 revenue beats; plans to launch proprietary AI agent later in 2026

Overview

• Virtual healthcare provider's Q4 revenue grew 29% yr/yr, beating analyst expectations

• Adjusted EBITDA for Q4 beat analyst expectations, driven by higher Payor revenue

• Company's growth driven by a 41% increase in Payor revenue, despite Consumer revenue decline

Outlook

• Talkspace expects 2026 revenue between $275 mln and $290 mln

• Company anticipates 2026 adjusted EBITDA between $30 mln and $35 mln

• Talkspace plans to launch its proprietary AI agent later in 2026

Result Drivers

• PAYOR REVENUE GROWTH - Q4 revenue increased 29% yr/yr, driven by a 41% increase in Payor revenue, offsetting a 30% decline in Consumer revenue

• STRATEGIC INITIATIVES - CEO Dr. Jon Cohen attributed growth to network curation, product innovation, and deeper payor integrations

• AI AGENT DEVELOPMENT - Introduction of proprietary AI agent in beta expected to drive future growth

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the healthcare facilities & services peer group is "buy"

• Wall Street's median 12-month price target for Talkspace Inc is $5.00, about 27.2% above its February 18 closing price of $3.93

• The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: ID:nGNX5JRyWJ

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