Talkspace Results Presentation Deck

Reconciliation of Net Income to Adjusted EBITDA Adjusted EBITDA Adjusted EBITDA, which is reconciled to net income (loss) below, is a key performance measure that our management uses to assess our operating performance. Because adjusted EBITDA facilitates internal comparisons of our historical operating performance on a more consistent basis, we use this measure for business planning purposes and in evaluating acquisition opportunities. We calculate adjusted EBITDA as net income (loss) adjusted to exclude (i) interest and other expenses (income), net, (ii) tax benefit and expense, (iii) depreciation and amortization (iv) stock-based compensation expense and (v) certain non-recurring expenses, where applicable. (in thousands) Net (loss) income Add: Depreciation and amortization Financial (income), net (1) Taxes on income Stock-based compensation Non-recurring expenses Adjusted EBITDA (1) (2) $ $ Three Months Ended September 30, 2021 Unaudited (17,983) S 2022 309 (1,885) 17 3,179 900 (15,463) $ 1,505 $ 503 (26,743) 11 3,875 (20,849) $ Nine Months Ended September 30, Unaudited (61,365) $ 2021 2022 1,006 (889) 127 9,386 900 (50,835) $ (41,674) 1,458 (23,700) 29 20,584 (43,303) For the three and nine months ended September 30, 2022, financial income, net, primarily consisted of $1.6 million and $0.4 million, respectively, in gains resulting from the revaluation of warrant liabilities. For the three months ended September 30, 2021, financial income, net primarily consisted of $26.9 million in gains resulting from the revaluation of warrant liabilities. For the nine months ended September 30, 2021, financial income, net primarily consisted of $28.3 million in gains resulting from the revaluation of warrant liabilities, partially offset by $4.2 million in warrant issuance costs in connection with the Closing of the Business Combination. For the three and nine months ended September 30, 2022, non-recurring expenses consisted of $0.6 million in legal fees and $0.3 million in general and administrative expenses. talk space 11

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