Talkspace, Inc. · NASDAQ:TALK
Talkspace — 2026 JPMorgan Healthcare Conference
22 slides from Talkspace's conference presentation, Jan 15, 2026
Slide 1: Quality Mental Health Care for All
Quality Mental Health Care for All Jon Cohen, M.D., CEO Ian Harris, CFO 2026 JPMorgan Healthcare Conference Exhibit 99.1
Slide 2: Disclaimer
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 matters of historical fact should be considered forward-looking, includ
Slide 3: Large and Underpenetrated Market
Large and Underpenetrated Market 40%+ Talkspace patients new to therapy 2026 JPMORGAN HEALTHCARE CONFERENCE 3 75M People face mental health conditions Large and Expanding Opportunity Highly Underserved Patient Population #1 Most requested employer benefit U.S. Behavioral Health Market ‘25E - 30E CAG
Slide 4: Proven Performance: 3-Year Overview
Proven Performance: 3-Year Overview 4 +30% 2025 YTD 2026 JPMORGAN HEALTHCARE CONFERENCE Top-Line Growth 24% ‘22-’25E Rev CAGR* # in 000s $ in millions Payor Sessions Revenue * Adjusted Gross Margin Adjusted EBITDA $ in millions Profitability 115% YoY EBITDA Growth* * OpEx % of Rev Adj. Gross Margin1
Slide 5: Talkspace's Systematic Formula for Growth
Talkspace’s Systematic Formula for Growth 5 2026 JPMORGAN HEALTHCARE CONFERENCE Increasing customer awareness Driving High Intent Referrals Developing Strategic Payor Partnerships Improving the Patient Journey Expanding Our Offerings Anchored across most major payors Expand coverage Activate Lives D
Slide 6: Driving Consumer Awareness Through Diversified Channels
Driving Consumer Awareness Through Diversified Channels 6 2026 JPMORGAN HEALTHCARE CONFERENCE Awareness Rising as Spend Declines Source: Awareness study from April 2025 Qualtrics survey data. * % recognizing Talkspace when prompted in surveys. Paid Media Fully programmatic with AI optimization Diver
Slide 7: Establishing Partnerships to Drive High Intent Referrals
Establishing Partnerships to Drive High Intent Referrals 7 2026 JPMORGAN HEALTHCARE CONFERENCE Distribution Partnerships Strategic Partnerships
Slide 8: Strategic Partnerships with Payors
Strategic Partnerships with Payors 8 2026 JPMORGAN HEALTHCARE CONFERENCE Perform Provider Credentialing Develop Value-Based Contracts Full Directory Integration Why Payors Invest in Strategic Relationships with Talkspace Fast therapist matching & appointment Quality oversight of the provider network
Slide 9: Improving the Patient Journey
Improving the Patient Journey 9 2026 JPMORGAN HEALTHCARE CONFERENCE Eligibility Registration Scheduling Session Billing All leading to better quality through stronger therapeutic alliance +22% Checkout Conversion Rate* +50% Members completing 3 sessions in month 1* Source: Talkspace, as of 2H 2025.
Slide 10: Expanding Our Offerings
Expanding Our Offerings 10 2026 JPMORGAN HEALTHCARE CONFERENCE Dedicated Psych Expansion Amazon Pharmacy Integration Cross-adoption Opportunity Clinically-proven, AI-driven peer support platform Integrating with Talkspace for therapy referrals Expands access for seniors + high-need populations, as w
Slide 11: AI in Mental Health: The Crisis Behind the Headlines
AI in Mental Health: The Crisis Behind the Headlines 11 2026 JPMORGAN HEALTHCARE CONFERENCE Stigmatizing responses (Biased, unsafe) x Harmful crisis replies (e.g., suggesting suicide methods) x Failure to challenge delusions/reinforce reality (e.g., agreeing with paranoia) x No HIPAA/data protection
Slide 12: The Talkspace AI Agent
The Talkspace AI Agent 12 2026 JP MORGAN HEALTH CONFERENCE General-purpose LLMs now utilized by 10% of the world’s population (800M+ people) due to their always -available, low-cost, anonymous, and easy-to-access nature – making them a default option for mental health conversations While these bots
Slide 13: Talkspace AI Agent: What It Is and How to Use It
13 2026 JP MORGAN HEALTH CONFERENCE What it is How to use it What it is for A private guide that leads you toward answers (and never follows you down the wrong path) Share fears or insights anytime Your space to work things out and get clarity Confide without judgment or time limits Fast support and
Slide 14: Pathway to Mental Health Care with AI
Pathway to Mental Health Care with AI 14 2026 JPMORGAN HEALTHCARE CONFERENCE Imagine an AI therapy agent that guides patients through an interactive intake Q&A to match them with the right therapy and therapist… Engages patients between sessions to support adherence to their personalized care plan S
Slide 15: Mental Health Care in Action Through AI
Mental Health Care in Action Through AI 15 2026 JPMORGAN HEALTHCARE CONFERENCE Imagine therapy that is “always on”… Available 24/7 to every postpartum mother A personal mental health companion for every college student A constant companion for active-duty military A companion for cancer patients thr
Slide 16: The First Purpose-Built Mental Health LLM
The First Purpose-Built Mental Health LLM 16 2026 JPMORGAN HEALTHCARE CONFERENCE A next-generation mental health solution powered by a LLM trained on real clinical data, evidence-based care, and aligned safety standards Our Breakthrough AI Agent Trained on one of the world’s largest MH databases (10
Slide 17: Built on a Clinical Databank Powered by Millions of Patient Journeys
Built on a Clinical Databank Powered by Millions of Patient Journeys 17 2026 JP MORGAN HEALTH CONFERENCE 8 Billion words exchanged 140M messages 300M tokens from real session 1.2M clinical diagnoses 4.3M psych notes 3M therapist ratings 450K treatment plans 1.4M treatment goals 3.8M clinical interve
Slide 18: Built Prioritizing Safety and Clinical Oversight
Built Prioritizing Safety and Clinical Oversight 18 2026 JP MORGAN HEALTH CONFERENCE Operates fully within Talkspace’s QMS – every AI output is validated by licensed clinicians, documented under QMS control, and transitioned to human care when needed to ensure clinical safety and trust AI Agent Inta
Slide 19: Investment Highlights
Investment Highlights 19 2026 JP MORGAN HEALTH CONFERENCE Our mission To make mental health care accessible and affordable Company Highlights Industry Leading Provider of Virtual Behavioral Solutions Proprietary AI solutions with 10 years of AI / ML experience Diverse, Curated Network of certified b
Slide 20: Appendix
Appendix
Slide 21: Non-GAAP financial measures
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 assess our operating performance. Because
Slide 22: Reconciliation of net income (loss) to adjusted EBITDA
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) interest and other expenses (income), net, (iii) tax benefit and expense, (iv) stock-based compensation expense, and (v