HealthEquity, Inc.

HealthEquity, Inc.

HQY
HealthEquity, Inc.US flagNASDAQ Global Select
98.78
USD
+0.24
- -
8.26BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
10.97
2.82
2.24
3.04
3.81
4.65
7.94
9.88
9.1
10.21
11.68
13.81
15.25
15.63
Basic EPS, GAAP
-0.24
0.28
0.29
0.45
0.79
1.2
0.59
0.12
-0.53
-0.31
0.65
1.11
2.5
2.7
Free Cash Flow per Basic Share
2.23
0.22
-0.41
0.56
0.8
1.59
0.94
1.14
0.05
0.37
2.3
-1.91
4.74
5.15
Dividend per Share
0.12
1.61
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.42
2.63
3.52
4.4
5.69
7.64
14.5
17.87
22.11
22.37
23.63
24.44
24.79
24.39
Tangible Book Value per Share
-1.01
2.06
2.29
3.23
4.24
6.29
-15.28
-9.27
-9.15
-8.13
-5.21
-8.53
-7.51
-8.03
Basic Weighted Avg Shares
6
31
57
59
60
62
67
74
83
84
86
87
86
86
Sales/Revenue/Turnover
62
88
127
178
230
287
532
734
757
862
1,000
1,200
1,313
1,337
Operating Margin (%)
18.58
19.21
20.62
23.1
23.71
27.04
20.51
10.91
5.36
4.37
12.82
16.91
24.93
25.96
Depreciation Expense
4
6
9
13
16
18
55
116
137
161
153
162
155
154
Net Income, GAAP
1
10
17
26
47
74
40
9
-44
-26
56
97
215
231
Effective Tax Rate (%)
77.06
35.51
34.99
34.26
9.25
2.53
8.09
- -
- -
- -
25.76
16.66
22.43
22.81
Profit Margin (%)
1.99
11.57
13.1
14.79
20.63
25.73
7.46
1.2
-5.85
-3.03
5.57
8.06
16.38
17.25
Working Capital
14
116
131
185
245
366
145
255
198
252
440
321
355
331
LT Debt
- -
- -
- -
- -
- -
- -
1,250
998
987
967
924
1,099
992
975
Total Equity
34
144
203
262
346
477
1,030
1,379
1,853
1,896
2,035
2,115
2,107
2,047
Return on Invested Capital (%)
15.57
12.22
9.78
11.65
16.25
18.4
7.15
- -
- -
- -
3.25
5.47
8.03
8.56
Return on Capital (%)
7.31
11.42
9.56
11.33
15.66
18.01
4.45
- -
- -
- -
3.31
4.76
8.2
8.72
Return on Common Equity (%)
- -
- -
9.56
11.33
15.57
17.95
5.26
0.73
-2.74
-1.39
2.83
4.66
10.19
11.06

Capital Structure

FRC

in mil. unless spec.
Oct'26
Jan'26
Apr'27
ST Debt
10
10
10
LT Borrowings
982
957
943
LT Finance Leases
36
34
32
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
86
85
84
Market Capitalization
8,097
7,283
6,885

Working Capital

FRC

in mil. unless spec.
Oct'26
Jan'26
Apr'27
Total Current Assets
499
512
467
Cash, Cash Equivalents & STI
309
319
265
Accounts Receivable, Net
111
124
122
Inventories
- -
- -
- -
Total Current Liabilities
121
157
136
Payables & Accruals
67
87
99
ST Debt
10
10
10
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.61%
9.52%
-0.36%
Free Cash Flow
51.05%
120.68%
-346.57%
Net Income, GAAP
-68.9%
-151.86%
122.54%
Sales/Revenue/Turnover
28.02%
12.51%
9.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
288
300
300
312
1,200
2026
331
326
322
335
1,313
2027
355
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.33
0.41
0.07
0.3
1.11
2026
0.62
0.69
0.6
0.58
2.5
2027
0.82
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Scott R. Cutler
Full Time Employees
2,814
Sector
Healthcare
Industry
Medical - Healthcare Information Services
Address
15 West Scenic Pointe Drive Draper UT United States of America 84020
IPO Date
Jul 31, 2014
Business
HealthEquity, Inc. (HQY) is a leading provider of technology-enabled services platforms that empower consumers, employers, and health plans to manage healthcare saving and spending decisions through health savings accounts (HSAs) and other consumer-directed benefits in the United States. The company offers HSAs with custodial services, investment platforms including online-only automated advisory tools via HealthEquity Advisors, LLC, flexible spending accounts (FSAs) for health and dependent care; health reimbursement arrangements (HRAs); Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation services; pre-tax commuter benefit programs; and additional tools such as online claims processing, enrollment capabilities, and partner-facing APIs. HealthEquity serves over 17 million total accounts including approximately 9 million HSAs with assets exceeding $29 billion, primarily through direct sales, health plans, benefits administrators, brokers, consultants, and retirement plan record-keepers. Founded in 2002 in Tucson, Arizona by Dr. Stephen D. Neeleman and others, with headquarters relocated to Draper, Utah at 15 West Scenic Pointe Drive, the company operates as a non-bank HSA trustee designated by the IRS and employs around 3,120 people. In recent developments, HealthEquity completed the acquisition of Conduent's BenefitWallet HSA portfolio in multiple tranches during fiscal 2024 and early 2025 for approximately $425 million, adding roughly 665,000 accounts and $2.7 billion in assets; launched a $300 million share repurchase program; expanded partnerships including with Agile Telehealth for HSA-eligible GLP-1 weight management care; and reported third-quarter fiscal 2026 results on December 3, 2025, with revenue up 7% to $322.2 million and net income per diluted share rising to $0.59.

Company News

  • HQY Up 15.7% in 3 Months as HSA Growth Builds: Can the Rally Continue?

  • Here's Why HealthEquity (HQY) is a Strong Growth Stock

  • Why HealthEquity Stock Sank This Week

  • Canada Pension Plan Investment Board Makes New Investment in HealthEquity, Inc. $HQY

  • HealthEquity Q2 Earnings Call Highlights

  • HealthEquity, Inc. (HQY) Q2 2027 Earnings Call Transcript

  • HealthEquity Q2 Earnings Call Highlights

  • HealthEquity (HQY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

  • HealthEquity (HQY) Q2 Earnings and Revenues Top Estimates

  • HealthEquity Reports Second Quarter Ended July 31, 2026 Financial Results

  • Bamco Inc. NY Invests $67.78 Million in HealthEquity, Inc. $HQY

  • Ahead of HealthEquity (HQY) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

  • Handelsbanken Fonder AB Has $3.28 Million Stake in HealthEquity, Inc. $HQY

  • HealthEquity, Inc. $HQY Shares Purchased by Amundi

  • HealthEquity Announces Second Quarter Earnings Release Date and Investor Conference Schedule

  • HealthEquity (HQY) Upgraded to Buy: What Does It Mean for the Stock?

  • Castleark Management LLC Purchases New Position in HealthEquity, Inc. $HQY

  • HealthEquity's Earnings Momentum Deserves More Credit

  • Bank of New York Mellon Corp Lowers Position in HealthEquity, Inc. $HQY

  • Why HealthEquity (HQY) is a Top Growth Stock for the Long-Term