MEDIUMOutside partyCustomer
largest customers
“10-K Item 1A: 'We derive a material portion of our revenue from our largest customers.'”
TALK · Concentration risk · 10-K extracted
Talkspace (TALK) concentration risks
Updated
The most significant concentration Talkspace discloses is largest customers, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Talkspace’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Talkspace's disclosed concentration profile is thin but notable: the company states that it derives a material portion of its revenue from its largest customers, a medium-sized, dependency-type exposure rather than a structural feature of the business model. No specific percentage, customer name, or geographic breakdown accompanies this disclosure, which limits how precisely the exposure can be sized beyond the medium band the filing itself supports. Because the risk is framed purely as customer dependency, it is idiosyncratic rather than macro-driven — the loss or renegotiation of one or more of these key relationships would pressure revenue directly, rather than reflecting an industry-wide or geographic headwind. With only a single disclosed concentration item, the overall picture is narrower than peers that disclose customer, geographic, and supplier exposures together. Investors should treat this as a moderate, counterparty-specific watch item: it is disclosed and acknowledged by management, but the absence of a quantified share means the practical downside in a loss scenario cannot be estimated from the filing alone. This is a single-vector risk rather than a compounding one.
For the engine’s reasoning on TALK’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Health Information Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BTSG | BrightSpring Health Services, I | 0 | 2 | 0 | 2 |
| EVH | Evolent Health, Inc | 0 | 1 | 3 | 4 |
| CTEV | Claritev Corporation | 0 | 1 | 1 | 2 |
| DOCS | Doximity, Inc. | 0 | 1 | 1 | 2 |
| TALK● | Talkspace, Inc. | 0 | 1 | 0 | 1 |
| CERT | Certara, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.