Slide 1: 2025 First Quarter Earnings Presentation
2025 First Quarter Earnings Presentation May 6, 2025
Slide 2: Disclaimer
2025 FIRST QUARTER EARNINGS PRESENTATION 2 Disclaimer This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements contained in this presentation that do not relate to maers of historical fact sh
Slide 3: 1Q 2025 Revenue and Gross Profit
2025 FIRST QUARTER EARNINGS PRESENTATION 3 1Q 2025 Revenue and Gross Profit USD, Millions USD, Millions Revenue1 Composition Gross Profit and % Margin $64 54% $39 34% PAYOR DTE CONSUMER (1) Revenue is presented on an as-reported basis.
Slide 4: Operating Expense and Adjusted EBITDA
2025 FIRST QUARTER EARNINGS PRESENTATION 4 Operating Expense and Adjusted EBITDA1 USD, Millions USD, Millions Operating Expenses Adjusted EBITDA1 $64 54% $39 34% NORMALIZED OPEX NORMALIZED OPEX SBC + NON-RECURRING AS % OF REVENUE (1) Adjusted EBITDA is a non-GAAP financial measure. For a reconciliati
Slide 5: 1Q 2025 Business Highlights
2025 FIRST QUARTER EARNINGS PRESENTATION 5 1Q 2025 Business Highlights Unlocking Coverage Base Optimizing Member and Provider Experience ● +17% in Active Payor Members, +23% Payor sessions YoY ● Launched Talkcast, a personalized podcast, to drive member ● Strong adoption in military & dependents via
Slide 6: 1Q 2025 Payor Performance Highlights
2025 FIRST QUARTER EARNINGS PRESENTATION 6 1Q 2025 Payor Performance Highlights Thousands Thousands Payor Members1 Payor Sessions1 $64 54% $39 34% (1) Includes sessions from Managed Behavioral Health (“MBH”) and Employee Assistance Programs (“EAP”).
Slide 7: 2025 Financial Guidance Unchanged
2025 FIRST QUARTER EARNINGS PRESENTATION 7 2025 Financial Guidance1 Unchanged Revenue Adjusted EBITDA2 $220M to $235M $14M to 20M +17% to +25% YoY +101% to 187% YoY Building mental fitness Reduce stress, build resilience, and increase self-understanding with self-guided courses, online classes, reflec
Slide 8: Appendix
8 Appendix
Slide 9: Non-GAAP Financial Measures
2025 FIRST QUARTER EARNINGS PRESENTATION 9 Non-GAAP Financial Measures In addition to our financial results determined in accordance with GAAP, we believe adjusted EBITDA, a non-GAAP measure, is useful in evaluating our operating performance, and our management uses it as a key performance measure to
Slide 10: Reconciliation of Net Income (Loss) to Adjusted EBITDA
2025 FIRST QUARTER EARNINGS PRESENTATION 10 Reconciliation of Net Income (Loss) to Adjusted EBITDA Adjusted EBITDA We calculate adjusted EBITDA as net income (loss) adjusted to exclude (i) depreciation and amortization, (ii) stock-based compensation expense, (iii) financial income, net, (iv) income t