v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents [1] $ 39,159 $ 37,352
Marketable securities 51,839 55,234
Accounts receivable, net [1] 15,444 16,061
Other current assets 2,573 2,415
Total current assets 109,015 111,062
Fixed assets, net 20,053 15,794
Goodwill 3,427 3,318
Other long-term assets 3,951 4,689
Total assets 136,446 134,863
CURRENT LIABILITIES:    
Accounts payable 10,937 8,501
Accrued expenses and other current liabilities [1] 10,468 6,672
Deferred revenues 2,713 2,223
Total current liabilities 24,118 17,396
Other long-term liabilities 197 452
Total liabilities 24,315 17,848
Commitments and contingencies (Note 6)
STOCKHOLDERS' EQUITY:    
Common stock of $0.0001 par value per share: Shares authorized: 1,000,000,000 as of June 30, 2026 (unaudited) and December 31, 2025; shares issued and outstanding: 165,823,816 and 166,718,150 as of June 30, 2026 (unaudited) and December 31, 2025, respectively. 17 17
Additional paid-in capital 381,474 378,384
Accumulated deficit (269,265) (261,443)
Accumulated other comprehensive (loss) income (95) 57
Total stockholders' equity 112,131 117,015
Total liabilities and stockholders' equity $ 136,446 $ 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 June 30, 2026 (unaudited) and December 31, 2025, assets of these consolidated VIEs totaled $13,443 and $13,562, respectively. At June 30, 2026 (unaudited) and December 31, 2025, liabilities of these consolidated VIEs totaled $4,835 and $3,755, respectively. See Note 11, “Variable Interest Entities,” in the notes to the condensed consolidated financial statements for further details.