v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents [1] $ 31,411 $ 37,352
Marketable securities 52,801 55,234
Accounts receivable, net [1] 23,592 16,061
Other current assets 2,695 2,415
Total current assets 110,499 111,062
Fixed assets, net 18,000 15,794
Goodwill 3,427 3,318
Other long-term assets 4,266 4,689
Total assets 136,192 134,863
CURRENT LIABILITIES:    
Accounts payable 11,655 8,501
Accrued expenses and other current liabilities [1] 8,174 6,672
Deferred revenues 2,983 2,223
Total current liabilities 22,812 17,396
Other long-term liabilities 325 452
Total liabilities 23,137 17,848
Commitments and contingencies (Note 6)
STOCKHOLDERS' EQUITY:    
Common stock of $0.0001 par value per share: hares authorized: 1,000,000,000 as of March 31, 2026 (unaudited) and December 31, 2025; shares issued and outstanding: 167,512,566 and 166,718,150 as of March 31, 2026 (unaudited) and December 31, 2025, respectively. 17 17
Additional paid-in capital 380,830 378,384
Accumulated deficit (267,749) (261,443)
Accumulated other comprehensive (loss) income (43) 57
Total stockholders' equity 113,055 117,015
Total liabilities and stockholders' equity $ 136,192 $ 134,863
[1] Talkspace, Inc's condensed consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors may have recourse to Talkspace, Inc. or its affiliates. At March 31, 2026 (unaudited) and December 31, 2025, assets of these consolidated VIEs totaled $21,285 and $13,625, respectively. At March 31, 2026 (unaudited) and December 31, 2025, liabilities of these consolidated VIEs totaled $5,358 and $3,755, respectively. See Note 11, “Variable Interest Entities,” in the notes to the condensed consolidated financial statements for further details.