Company: TALK
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0000950170-25-038107
Chunk: 138

Company: Talkspace, Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 7
Chunk 138
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 6.2

       Sales and marketing

    50,654

    52,544

    (1,890
    )

    (3.6
    )

       General and administrative

    22,627

    21,315

    1,312

    6.2

    Total operating expenses

    90,333

    97,589

    (7,256
    )

    (7.4
    )

    Loss from operations

    (4,497
    )

    (23,209
    )

    18,712

    80.6

    Financial income, net

    (5,739
    )

    (4,245
    )

    (1,494
    )

    35.2

    Income (loss) before income taxes

    1,242

    (18,964
    )

    20,206

    *

    Income tax expense

    94

    218

    (124
    )

    (56.9
    )

    Net income (loss)
     
    $
    1,148

    $
    (19,182
    )
     
    $
    20,330

    *

Year Ended December 31, 2024 compared to December 31, 2023

Revenues

Revenues increased by $37.5 million, or 25.0%, to $187.6 million for the year ended December 31, 2024 from $150.0 million for the year ended December 31, 2023. The increase was principally due to a 53.8% increase in Payor revenue driven by a higher number of completed Payor sessions, and 14.4% growth in DTE revenue, partially offset by a 30.4% decline in Consumer subscription revenue. Revenue from our Payor customers increased by $43.5 million, or 53.8% to $124.3 million for the year ended December 31, 2024 from $80.8 million for the year ended December 31, 2023. Revenue from our DTE customers increased by $4.9 million, or 14.4% to $38.5 million for the year ended December 31, 2024 from $33.6 million for the year ended December 31, 2023. Consumer member subscriptions revenue decreased