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Side-by-side financial comparison of Hut 8 Corp. (HUT) and Talkspace, Inc. (TALK). Click either name above to swap in a different company.

Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $63.0M, roughly 1.4× Talkspace, Inc.). Talkspace, Inc. runs the higher net margin — 7.6% vs -316.0%, a 323.6% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 29.3%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs 17.8%).

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

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.

HUT vs TALK — Head-to-Head

Bigger by revenue
HUT
HUT
1.4× larger
HUT
$88.5M
$63.0M
TALK
Growing faster (revenue YoY)
HUT
HUT
+149.9% gap
HUT
179.2%
29.3%
TALK
Higher net margin
TALK
TALK
323.6% more per $
TALK
7.6%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
17.8%
TALK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HUT
HUT
TALK
TALK
Revenue
$88.5M
$63.0M
Net Profit
$-279.7M
$4.8M
Gross Margin
60.4%
Operating Margin
-491.4%
6.1%
Net Margin
-316.0%
7.6%
Revenue YoY
179.2%
29.3%
Net Profit YoY
-283.7%
292.5%
EPS (diluted)
$-2.45

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
HUT
HUT
TALK
TALK
Q4 25
$88.5M
$63.0M
Q3 25
$83.5M
$59.4M
Q2 25
$41.3M
$54.3M
Q1 25
$21.8M
$52.2M
Q4 24
$31.7M
$48.7M
Q3 24
$43.7M
$47.4M
Q2 24
$35.2M
$46.1M
Q1 24
$51.7M
$45.4M
Net Profit
HUT
HUT
TALK
TALK
Q4 25
$-279.7M
$4.8M
Q3 25
$50.1M
$3.3M
Q2 25
$137.3M
$-541.0K
Q1 25
$-133.9M
$318.0K
Q4 24
$152.2M
$1.2M
Q3 24
$647.0K
$1.9M
Q2 24
$-71.9M
$-474.0K
Q1 24
$250.9M
$-1.5M
Gross Margin
HUT
HUT
TALK
TALK
Q4 25
60.4%
Q3 25
61.3%
Q2 25
47.3%
Q1 25
14.5%
44.6%
Q4 24
35.9%
44.2%
Q3 24
59.9%
45.6%
Q2 24
41.4%
45.5%
Q1 24
45.6%
47.8%
Operating Margin
HUT
HUT
TALK
TALK
Q4 25
-491.4%
6.1%
Q3 25
87.0%
3.7%
Q2 25
-3.3%
Q1 25
-676.8%
-2.1%
Q4 24
1.2%
Q3 24
-3.6%
0.2%
Q2 24
-246.2%
-7.6%
Q1 24
-3.7%
Net Margin
HUT
HUT
TALK
TALK
Q4 25
-316.0%
7.6%
Q3 25
60.0%
5.5%
Q2 25
332.5%
-1.0%
Q1 25
-613.7%
0.6%
Q4 24
480.3%
2.5%
Q3 24
1.5%
4.0%
Q2 24
-204.1%
-1.0%
Q1 24
484.9%
-3.2%
EPS (diluted)
HUT
HUT
TALK
TALK
Q4 25
$-2.45
Q3 25
$0.43
$0.02
Q2 25
$1.18
Q1 25
$-1.30
$0.00
Q4 24
$1.41
$0.01
Q3 24
$0.01
$0.01
Q2 24
$-0.78
$0.00
Q1 24
$2.76
$-0.01

Balance Sheet & Financial Strength

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

Metric
HUT
HUT
TALK
TALK
Cash + ST InvestmentsLiquidity on hand
$44.9M
$37.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$117.0M
Total Assets
$2.8B
$134.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUT
HUT
TALK
TALK
Q4 25
$44.9M
$37.4M
Q3 25
$33.5M
$39.5M
Q2 25
$216.3M
$54.3M
Q1 25
$108.4M
$60.1M
Q4 24
$85.0M
$76.7M
Q3 24
$119.0M
Q2 24
$114.9M
Q1 24
$11.5M
$120.3M
Total Debt
HUT
HUT
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$177.6M
Stockholders' Equity
HUT
HUT
TALK
TALK
Q4 25
$1.4B
$117.0M
Q3 25
$1.4B
$109.1M
Q2 25
$1.3B
$112.9M
Q1 25
$960.0M
$113.4M
Q4 24
$976.7M
$117.4M
Q3 24
$703.9M
$117.6M
Q2 24
$660.1M
$114.0M
Q1 24
$732.0M
$119.6M
Total Assets
HUT
HUT
TALK
TALK
Q4 25
$2.8B
$134.9M
Q3 25
$2.7B
$129.1M
Q2 25
$2.0B
$132.8M
Q1 25
$1.6B
$134.2M
Q4 24
$1.5B
$138.7M
Q3 24
$1.1B
$138.2M
Q2 24
$1.1B
$133.8M
Q1 24
$999.0M
$138.3M
Debt / Equity
HUT
HUT
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.24×

Cash Flow & Capital Efficiency

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

Metric
HUT
HUT
TALK
TALK
Operating Cash FlowLast quarter
$-139.2M
$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
HUT
HUT
TALK
TALK
Q4 25
$-139.2M
$5.4M
Q3 25
$770.0K
$4.7M
Q2 25
$-48.8M
$-351.0K
Q1 25
$-33.8M
$-1.2M
Q4 24
$-68.5M
$3.7M
Q3 24
$-4.2M
$6.2M
Q2 24
$-16.4M
$4.8M
Q1 24
$-26.3M
$-3.4M
Free Cash Flow
HUT
HUT
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$4.5M
Q1 24
$-3.8M
FCF Margin
HUT
HUT
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
9.7%
Q1 24
-8.3%
Capex Intensity
HUT
HUT
TALK
TALK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
HUT
HUT
TALK
TALK
Q4 25
1.13×
Q3 25
0.02×
1.46×
Q2 25
-0.36×
Q1 25
-3.90×
Q4 24
-0.45×
3.02×
Q3 24
-6.49×
3.31×
Q2 24
Q1 24
-0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

TALK
TALK

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

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