Talkspace, Inc.

Talkspace is a virtual behavioral healthcare company that connects patients with licensed mental health providers in the United States. The company offers psychotherapy and psychiatry services to treat conditions such as depression, anxiety, trauma, and other mental health challenges. Its online platform enables one-on-one therapy through messaging, audio, and video channels. Talkspace serves health insurance plans, employee assistance programs, direct-to-enterprise customers, and individual subscribers. Founded in 2012 and headquartered in New York, New York, the company was formerly known as Groop Internet Platform Inc. before rebranding in June 2021.

Talkspace is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol TALK. Its securities are traded in US dollars (USD). As a US-based company, its stock is denominated in the local currency, making it accessible to investors trading on US exchanges.

Talkspace operates in the Healthcare sector, specifically within the Health Information Services industry. This classification reflects its focus on providing mental health services through a digital platform, leveraging technology to deliver behavioral healthcare. The Health Information Services industry includes companies that use information technology to improve healthcare delivery, and Talkspace fits this by offering virtual therapy and psychiatry services.

Talkspace is headquartered in New York, New York, United States. The company serves the US market exclusively, connecting patients with licensed mental health providers across the country. Its services are available to individuals, as well as through health insurance plans and employee assistance programs, making mental healthcare accessible to a broad range of Americans.

Talkspace generates revenue by providing virtual behavioral healthcare services through its online platform. It serves three main customer segments: health insurance plans and employee assistance programs, direct-to-enterprise customers (such as employers), and individual subscribers. The company charges for access to licensed therapists and psychiatrists via messaging, audio, and video sessions. By partnering with insurers and employers, Talkspace expands its reach while also offering direct subscription plans to individuals seeking mental health support.