Capital · deployed
New-position deployment is thin: $3.2M capitalized internal-use software costs in Q1 2026 (vs. $2.0M Q1 2025) + $2.7M R&D expense in Q1 2026 -> annualized ~$23.6M/yr combined, the basis for the thrust estimate below. No new acquisitions, stakes, or capex line items disclosed in the quarter.
Sourced figures 1
- Talkspace 10-Q (SEC EDGAR) capitalized internal-use software costs $3,203 thousand (Q1 2026) vs. $1,988 thousand (Q1 2025, approx per +$1.2M YoY delta reported); R&D expense $2.7M (Q1 2026)
the working
Threads 1
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