Talkspace Results Presentation Deck

Reconciliation of Net Loss to Adjusted EBITDA Adjusted EBITDA We calculate adjusted EBITDA as net loss adjusted to exclude (i) depreciation and amortization, (ii) interest and other expenses (income), net, (iii) tax benefit and expense, (iv) stock-based compensation expense, and (v) certain non-recurring expenses, where applicable. Unaudited (in thousands) Net loss Add: Talkspace, Inc. Reconciliation of Non-GAAP Results to GAAP Results Depreciation and amortization Financial (income), net (¹) Taxes on income Stock-based compensation Non-recurring expenses (2) Adjusted EBITDA Three Months Ended September 30, 2023 (4,414) $ 305 (779) 14 1,969 105 (2,800) $ 2022 (17,983) $ 309 (1,885) 17 3,179 900 (15,463) $ Nine Months Ended September 30, 2023 (17,876) S 913 (2,915) 165 6,401 89 (13,223) 2022 (61,365) 1,006 (889) 127 9,386 900 (50,835) (1) For the three months ended September 30, 2023, financial (income), net, primarily consisted of $1.6 million of interest income from our money market accounts partially offset by $0.8 million in losses resulting from the remeasurement of warrant liabilities. For the nine months ended September 30, 2023, financial (income), net, primarily consisted of $3.7 million of interest income from our money market accounts partially offset by $0.6 million in losses resulting from the remeasurement of warrant liabilities. 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 remeasurement of warrant liabilities. (2) For the three and nine months ended September 30, 2023, non-recurring expenses primarily consisted of $0.1 million in losses resulting from the disposition of fixed assets. 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. talkspace 11

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