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Mental Health Market Report - August 2026

Aug 14, 2026

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17 min read

Mental Health Market Report - August 2026

Q2 earnings, industry trends, rate data, company deep-dives, capital flows, M&A activity and more...

Steve Duke
Steve Duke
Aggregation vs Interception

Jun 26, 2026

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9 min read

Aggregation vs Interception

The huge opportunity for organic demand aggregation in mental health

Steve Duke
Steve Duke
THR Pro: Insights on rates, margins, growth and valuations in mental health
LockSimple

May 22, 2026

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12 min read

THR Pro: Insights on rates, margins, growth and valuations in mental health

What we can learn from Q1 earnings

Steve Duke
Steve Duke
#82: The Innovations That Actually Improve Psychotherapy Outcomes

Jan 24, 2026

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13 min read

#82: The Innovations That Actually Improve Psychotherapy Outcomes

and the impact that has for mental health businesses

Steve Duke
Steve Duke
#57 What happened to the Mental Health startups of 2020-2022?

Jun 27, 2025

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2 min read

#57 What happened to the Mental Health startups of 2020-2022?

They raised $5.9B but where are they now?

Steve Duke
Steve Duke
Research Report: Mental Health in an AI World

May 9, 2025

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2 min read

Research Report: Mental Health in an AI World

Results from our research with 460 real people

Steve Duke
Steve Duke
A Playbook For Profitable Growth

Apr 4, 2025

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3 min read

A Playbook For Profitable Growth

How to understand market fundamentals to design better strategy in mental health

Steve Duke
Steve Duke
Earnings Season: DTC Decline, Return of M&A + Financial and Valuation Benchmarks

Mar 7, 2025

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2 min read

Earnings Season: DTC Decline, Return of M&A + Financial and Valuation Benchmarks

Talkspace, Lifestance, Teladoc and Acadia + what to expect in 2025

Steve Duke
Steve Duke
#35: Will AI lead to the unbundling of therapy?

Jan 23, 2025

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3 min read

#35: Will AI lead to the unbundling of therapy?

...and to what extent might it replace humans in mental health?

Steve Duke
Steve Duke
#29: Eight ideas I'm interested in right now

Nov 14, 2024

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2 min read

#29: Eight ideas I'm interested in right now

Therapy franchises, solving the wisdom famine and evidence-based TikTokers...

Steve Duke
Steve Duke
#28 Acadia: Q3 Earnings, The NY Times Article and Their Future

Nov 7, 2024

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2 min read

#28 Acadia: Q3 Earnings, The NY Times Article and Their Future

Analysing the largest behavioral health business in the US

Steve Duke
Steve Duke
#27 Talkspace Q3 Earnings Breakdown

Oct 31, 2024

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4 min read

#27 Talkspace Q3 Earnings Breakdown

How Talkspace hit a third consecutive quarter of profitability and what they're doing to achieve future growth

Steve Duke
Steve Duke
#26 Bricks, Mortar, and Mental Health: Are real world clinics about to make a come back?

Oct 24, 2024

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3 min read

#26 Bricks, Mortar, and Mental Health: Are real world clinics about to make a come back?

Hybrid models, flagship clinics and a potential pivot to more in-person clinics?

Steve Duke
Steve Duke
#25 Platform Wars: The future of the US therapy platform market

Oct 18, 2024

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2 min read

#25 Platform Wars: The future of the US therapy platform market

Is this a winner takes all market? And if not, what will it take to win?

Steve Duke
Steve Duke
#24: The Resilience Lab x Options MD acquisition

Oct 15, 2024

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2 min read

#24: The Resilience Lab x Options MD acquisition

Company backgrounds, deal breakdown and what needs to happen to realise the value of this deal

Steve Duke
Steve Duke
#23 How Ours use Paid Ads to grow 48% MoM

Oct 9, 2024

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3 min read

#23 How Ours use Paid Ads to grow 48% MoM

plus how to know if Paid Ads are right for your business, CAC and LTV expectations, navigating data regulation and more...

Steve Duke
Steve Duke
#22 Kooth: A public mental health business with software margins?

Sep 26, 2024

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2 min read

#22 Kooth: A public mental health business with software margins?

H1 Earnings Breakdown, comparison to public peers, a mega Cali contract and more

Steve Duke
Steve Duke
#21 Mindset Health: Harnessing the mind-body connection to help a billion people

Sep 19, 2024

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3 min read

#21 Mindset Health: Harnessing the mind-body connection to help a billion people

A digitally native pharma company, HCP led growth and why Mindset might succeed where Pear and Akili have failed.

Steve Duke
Steve Duke
#20 LifeStance: A tale of Private Equity, M&A, lawsuits, and short sellers

Sep 12, 2024

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3 min read

#20 LifeStance: A tale of Private Equity, M&A, lawsuits, and short sellers

What's going on with one of the biggest behavioral health providers in the US?

Steve Duke
Steve Duke
#19 Funding Opportunity for MH Startups

Sep 5, 2024

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2 min read

#19 Funding Opportunity for MH Startups

Access up to $9 million to scale your digital intervention

Steve Duke
Steve Duke
#18 The Talkspace Turnaround

Aug 29, 2024

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4 min read

#18 The Talkspace Turnaround

How Talkspace went from losing $5 million a month to profitability

Steve Duke
Steve Duke
#17 Flow: Making tDCS an accessible treatment for depression

Aug 22, 2024

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3 min read

#17 Flow: Making tDCS an accessible treatment for depression

The "D2C Bridge Strategy", Affordable Business Models and Making Something People Love

Steve Duke
Steve Duke
#16 Why we should be hopeful about the future of mental health

Aug 15, 2024

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2 min read

#16 Why we should be hopeful about the future of mental health

Cultural revolts, untapped understanding, technology and human resilience

Steve Duke
Steve Duke
#15 The Platform-Provider Problem

Aug 8, 2024

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28 min read

#15 The Platform-Provider Problem

Why providers are frustrated and what platforms must do to make amends

Steve Duke
Steve Duke
#14 Tacklit; The business transforming care delivery that you've never heard of

Aug 1, 2024

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25 min read

#14 Tacklit; The business transforming care delivery that you've never heard of

How a 10x product team and open architecture make Tacklit a fascinating organisation

Steve Duke
Steve Duke
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