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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and Talkspace, Inc. (TALK). Click either name above to swap in a different company.

Talkspace, Inc. is the larger business by last-quarter revenue ($63.0M vs $43.5M, roughly 1.4× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 29.3%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 17.8%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

Talkspace, Inc. is an American company that provides online and mobile therapy services. Founded in 2012 by Oren and Roni Frank, Talkspace connects users with licensed therapists and psychiatrists through web and mobile platforms. The service offers communication through text, audio, and video messaging, as well as live video sessions in some cases. The company is headquartered in New York City.

DX vs TALK — Head-to-Head

Bigger by revenue
TALK
TALK
1.4× larger
TALK
$63.0M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+502.0% gap
DX
531.3%
29.3%
TALK
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
17.8%
TALK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
TALK
TALK
Revenue
$43.5M
$63.0M
Net Profit
$4.8M
Gross Margin
Operating Margin
6.1%
Net Margin
7.6%
Revenue YoY
531.3%
29.3%
Net Profit YoY
292.5%
EPS (diluted)
$1.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DX
DX
TALK
TALK
Q4 25
$43.5M
$63.0M
Q3 25
$30.6M
$59.4M
Q2 25
$23.1M
$54.3M
Q1 25
$17.1M
$52.2M
Q4 24
$48.7M
Q3 24
$47.4M
Q2 24
$46.1M
Q1 24
$-3.2M
$45.4M
Net Profit
DX
DX
TALK
TALK
Q4 25
$4.8M
Q3 25
$150.4M
$3.3M
Q2 25
$-13.6M
$-541.0K
Q1 25
$-3.1M
$318.0K
Q4 24
$1.2M
Q3 24
$1.9M
Q2 24
$-474.0K
Q1 24
$40.1M
$-1.5M
Gross Margin
DX
DX
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
44.6%
Q4 24
44.2%
Q3 24
45.6%
Q2 24
45.5%
Q1 24
47.8%
Operating Margin
DX
DX
TALK
TALK
Q4 25
6.1%
Q3 25
3.7%
Q2 25
-3.3%
Q1 25
-2.1%
Q4 24
1.2%
Q3 24
0.2%
Q2 24
-7.6%
Q1 24
-3.7%
Net Margin
DX
DX
TALK
TALK
Q4 25
7.6%
Q3 25
491.3%
5.5%
Q2 25
-58.8%
-1.0%
Q1 25
-18.0%
0.6%
Q4 24
2.5%
Q3 24
4.0%
Q2 24
-1.0%
Q1 24
-1256.8%
-3.2%
EPS (diluted)
DX
DX
TALK
TALK
Q4 25
$1.59
Q3 25
$1.08
$0.02
Q2 25
$-0.14
Q1 25
$-0.06
$0.00
Q4 24
$0.01
Q3 24
$0.01
Q2 24
$0.00
Q1 24
$0.64
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DX
DX
TALK
TALK
Cash + ST InvestmentsLiquidity on hand
$531.0M
$37.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$117.0M
Total Assets
$17.3B
$134.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
TALK
TALK
Q4 25
$531.0M
$37.4M
Q3 25
$491.0M
$39.5M
Q2 25
$387.5M
$54.3M
Q1 25
$327.4M
$60.1M
Q4 24
$76.7M
Q3 24
$119.0M
Q2 24
$114.9M
Q1 24
$295.7M
$120.3M
Stockholders' Equity
DX
DX
TALK
TALK
Q4 25
$2.5B
$117.0M
Q3 25
$2.0B
$109.1M
Q2 25
$1.6B
$112.9M
Q1 25
$1.4B
$113.4M
Q4 24
$117.4M
Q3 24
$117.6M
Q2 24
$114.0M
Q1 24
$958.5M
$119.6M
Total Assets
DX
DX
TALK
TALK
Q4 25
$17.3B
$134.9M
Q3 25
$14.2B
$129.1M
Q2 25
$11.3B
$132.8M
Q1 25
$9.0B
$134.2M
Q4 24
$138.7M
Q3 24
$138.2M
Q2 24
$133.8M
Q1 24
$6.3B
$138.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DX
DX
TALK
TALK
Operating Cash FlowLast quarter
$120.8M
$5.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
TALK
TALK
Q4 25
$120.8M
$5.4M
Q3 25
$68.3M
$4.7M
Q2 25
$31.9M
$-351.0K
Q1 25
$6.4M
$-1.2M
Q4 24
$3.7M
Q3 24
$6.2M
Q2 24
$4.8M
Q1 24
$-17.1M
$-3.4M
Free Cash Flow
DX
DX
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$4.5M
Q1 24
$-3.8M
FCF Margin
DX
DX
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
9.7%
Q1 24
-8.3%
Capex Intensity
DX
DX
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
DX
DX
TALK
TALK
Q4 25
1.13×
Q3 25
0.45×
1.46×
Q2 25
Q1 25
-3.90×
Q4 24
3.02×
Q3 24
3.31×
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

TALK
TALK

Payor Revenue$47.7M76%
Dte Revenue$11.6M18%
Consumer$3.7M6%

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