Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 157

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 157
---

    )

    Cash flows from financing activities:

    Proceeds from exercise of stock options

    2,010

    2,707

    3,181

    Payments for employee taxes withheld related to vested stock-based awards

    (3,195
    )

    (810
    )

    (853
    )

    Repurchase of common stock for retirement

    (11,003
    )

    —

    —

    Payments from reverse capitalization

    —

    —

    (645
    )

    Net cash (used in) provided by financing activities

    (12,188
    )

    1,897

    1,683

    Net decrease in cash and cash equivalents

    (47,216
    )

    (14,637
    )

    (59,711
    )

    Cash and cash equivalents at the beginning of the year

    123,908

    138,545

    198,256

    Cash and cash equivalents at the end of the year
     
    $
    76,692

    $
    123,908

    $
    138,545

    Supplemental cash flow data:

    Cash paid during the year for interest
     
    $
    —

    $
    —

    $
    68

    Cash paid during the year for income taxes
     
    $
    96

    $
    219

    $
    122

    Non-cash investing activity:

    Lease liabilities arising from obtaining right-of-use assets
     
    $
    595

    $
    —

    $
    466

    Non-cash stock-based compensation capitalized in internal-use software costs
     
    $
    614

    $
    —

    $
    —

The accompanying notes are an integral part of the consolidated financial statements.

63

TALKSPACE, INC.

Notes to Consolidated Financial Statements 

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONSTalkspace, Inc. (together with its consolidated subsidiaries, the “Company” or “Talkspace”) is a leading behavioral healthcare company enabled by a purpose-built technology platform. Talkspace provides individuals and licensed therapists, psychologists and psychiatrists with an online platform for one-on-one therapy delivered via messaging, audio and video. The Company offers convenient and affordable access to a fully credentialed network of highly qualified providers. Since its inception, the Company has connected millions of patients with licensed behavioral health providers across