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Side-by-side financial comparison of Planet Labs PBC (PL) and Talkspace, Inc. (TALK). Click either name above to swap in a different company.

Planet Labs PBC is the larger business by last-quarter revenue ($81.3M vs $63.0M, roughly 1.3× Talkspace, Inc.). Talkspace, Inc. runs the higher net margin — 7.6% vs -72.8%, a 80.4% gap on every dollar of revenue. On growth, Planet Labs PBC posted the faster year-over-year revenue change (32.6% vs 29.3%). Over the past eight quarters, Talkspace, Inc.'s revenue compounded faster (17.8% CAGR vs 17.5%).

Planet Labs PBC, known as "Planet.", is a publicly traded American Earth imaging company based in San Francisco, California. Their goal is to image the entirety of the Earth daily to monitor changes and pinpoint trends.

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.

PL vs TALK — Head-to-Head

Bigger by revenue
PL
PL
1.3× larger
PL
$81.3M
$63.0M
TALK
Growing faster (revenue YoY)
PL
PL
+3.3% gap
PL
32.6%
29.3%
TALK
Higher net margin
TALK
TALK
80.4% more per $
TALK
7.6%
-72.8%
PL
Faster 2-yr revenue CAGR
TALK
TALK
Annualised
TALK
17.8%
17.5%
PL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
PL
PL
TALK
TALK
Revenue
$81.3M
$63.0M
Net Profit
$-59.2M
$4.8M
Gross Margin
57.3%
Operating Margin
-22.6%
6.1%
Net Margin
-72.8%
7.6%
Revenue YoY
32.6%
29.3%
Net Profit YoY
-194.7%
292.5%
EPS (diluted)
$-0.19

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
PL
PL
TALK
TALK
Q4 25
$81.3M
$63.0M
Q3 25
$73.4M
$59.4M
Q2 25
$66.3M
$54.3M
Q1 25
$61.6M
$52.2M
Q4 24
$61.3M
$48.7M
Q3 24
$61.1M
$47.4M
Q2 24
$60.4M
$46.1M
Q1 24
$58.9M
$45.4M
Net Profit
PL
PL
TALK
TALK
Q4 25
$-59.2M
$4.8M
Q3 25
$-22.6M
$3.3M
Q2 25
$-12.6M
$-541.0K
Q1 25
$-35.2M
$318.0K
Q4 24
$-20.1M
$1.2M
Q3 24
$-38.7M
$1.9M
Q2 24
$-29.3M
$-474.0K
Q1 24
$-30.1M
$-1.5M
Gross Margin
PL
PL
TALK
TALK
Q4 25
57.3%
Q3 25
57.6%
Q2 25
55.2%
Q1 25
62.1%
44.6%
Q4 24
61.2%
44.2%
Q3 24
52.9%
45.6%
Q2 24
52.4%
45.5%
Q1 24
55.2%
47.8%
Operating Margin
PL
PL
TALK
TALK
Q4 25
-22.6%
6.1%
Q3 25
-24.5%
3.7%
Q2 25
-34.4%
-3.3%
Q1 25
-31.5%
-2.1%
Q4 24
-36.9%
1.2%
Q3 24
-64.8%
0.2%
Q2 24
-57.2%
-7.6%
Q1 24
-57.6%
-3.7%
Net Margin
PL
PL
TALK
TALK
Q4 25
-72.8%
7.6%
Q3 25
-30.8%
5.5%
Q2 25
-19.1%
-1.0%
Q1 25
-57.1%
0.6%
Q4 24
-32.8%
2.5%
Q3 24
-63.3%
4.0%
Q2 24
-48.5%
-1.0%
Q1 24
-51.1%
-3.2%
EPS (diluted)
PL
PL
TALK
TALK
Q4 25
$-0.19
Q3 25
$-0.07
$0.02
Q2 25
$-0.04
Q1 25
$-0.12
$0.00
Q4 24
$-0.07
$0.01
Q3 24
$-0.13
$0.01
Q2 24
$-0.10
$0.00
Q1 24
$-0.10
$-0.01

Balance Sheet & Financial Strength

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

Metric
PL
PL
TALK
TALK
Cash + ST InvestmentsLiquidity on hand
$443.3M
$37.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$349.6M
$117.0M
Total Assets
$1.1B
$134.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PL
PL
TALK
TALK
Q4 25
$443.3M
$37.4M
Q3 25
$181.1M
$39.5M
Q2 25
$133.5M
$54.3M
Q1 25
$118.0M
$60.1M
Q4 24
$139.0M
$76.7M
Q3 24
$148.3M
$119.0M
Q2 24
$107.4M
$114.9M
Q1 24
$83.9M
$120.3M
Stockholders' Equity
PL
PL
TALK
TALK
Q4 25
$349.6M
$117.0M
Q3 25
$435.7M
$109.1M
Q2 25
$444.8M
$112.9M
Q1 25
$441.3M
$113.4M
Q4 24
$464.6M
$117.4M
Q3 24
$473.2M
$117.6M
Q2 24
$500.3M
$114.0M
Q1 24
$518.0M
$119.6M
Total Assets
PL
PL
TALK
TALK
Q4 25
$1.1B
$134.9M
Q3 25
$696.4M
$129.1M
Q2 25
$658.4M
$132.8M
Q1 25
$633.8M
$134.2M
Q4 24
$630.8M
$138.7M
Q3 24
$658.4M
$138.2M
Q2 24
$674.6M
$133.8M
Q1 24
$702.0M
$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
PL
PL
TALK
TALK
Operating Cash FlowLast quarter
$28.6M
$5.4M
Free Cash FlowOCF − Capex
$1.9M
FCF MarginFCF / Revenue
2.3%
Capex IntensityCapex / Revenue
32.9%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$40.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PL
PL
TALK
TALK
Q4 25
$28.6M
$5.4M
Q3 25
$67.8M
$4.7M
Q2 25
$17.3M
$-351.0K
Q1 25
$-6.3M
$-1.2M
Q4 24
$4.1M
$3.7M
Q3 24
$-7.9M
$6.2M
Q2 24
$-4.3M
$4.8M
Q1 24
$-6.8M
$-3.4M
Free Cash Flow
PL
PL
TALK
TALK
Q4 25
$1.9M
Q3 25
$47.5M
Q2 25
$9.2M
Q1 25
$-17.9M
Q4 24
$-3.6M
Q3 24
$-23.0M
Q2 24
$-14.2M
$4.5M
Q1 24
$-15.7M
$-3.8M
FCF Margin
PL
PL
TALK
TALK
Q4 25
2.3%
Q3 25
64.7%
Q2 25
13.9%
Q1 25
-29.1%
Q4 24
-5.8%
Q3 24
-37.6%
Q2 24
-23.6%
9.7%
Q1 24
-26.7%
-8.3%
Capex Intensity
PL
PL
TALK
TALK
Q4 25
32.9%
Q3 25
27.6%
Q2 25
12.3%
Q1 25
18.9%
Q4 24
12.5%
Q3 24
24.8%
Q2 24
16.4%
0.7%
Q1 24
15.1%
0.8%
Cash Conversion
PL
PL
TALK
TALK
Q4 25
1.13×
Q3 25
1.46×
Q2 25
Q1 25
-3.90×
Q4 24
3.02×
Q3 24
3.31×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PL
PL

Defense And Intelligence$49.4M61%
Civil Government$18.8M23%
Commercial$13.1M16%

TALK
TALK

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

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