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HQY - HealthEquity, Inc.

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HealthEquity, Inc.

HQY

NASDAQ

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts. It also provides mutual fund investment platform; and online-only automated investment advisory services through Advisor, a Web-based tool. In addition, the company offers flexible spending accounts; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. It serves clients through a direct sales force; benefits brokers and advisors; and a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. The company was incorporated in 2002 and is headquartered in Draper, Utah.

86.42 USD

2.02 (2.34%)

HQY Financial Statements

Year

2025

2024

2023

2022

Total Revenue

1.2B

999.59M

861.75M

756.56M

Cost of Revenue

422.51M

376.95M

371.66M

332.85M

Gross Profit

777.26M

622.64M

490.09M

423.71M

Operating Expenses

614.92M

504.28M

452.44M

383.14M

Research and Development

239.51M

218.81M

193.38M

157.36M

Selling, General & Administrative Expenses

223M

182.93M

164.48M

142.98M

Selling & Marketing Expenses

90.74M

79.27M

68.85M

58.6M

General & Administrative Expenses

132.26M

103.66M

95.63M

84.38M

Other Expenses

152.41M

0

94.59M

82.79M

Operating Income

162.33M

128.13M

38.92M

34.64M

Total Other Income/Expenses Net

-46.3M

-53.09M

-47.15M

-42.5M

Income Before Tax

116.03M

75.04M

-38.1M

-66.74M

Income Tax

19.33M

19.33M

-11.95M

-22.45M

Net Income

96.7M

55.71M

-26.14M

-44.29M

Basic EPS

1.11

0.65

-0.31

-0.53

EPS Diluted

1.09

0.64

-0.31

-0.53

Basic Average Shares

86.87M

85.56M

84.44M

83.13M

Diluted Average Shares

88.83M

86.96M

84.44M

83.13M

EBITDA

339.12M

282.42M

171.53M

102.97M

Retained Earning Schedule

Year

2025

2024

2023

2022

Retained Earnings (Previous Year)

205.63M

149.92M

176.06M

220.35M

Net Income

96.7M

55.71M

-26.14M

-44.29M

Stock Repurchases

-121.49M

0

0

0

Dividend Paid

0

0

0

0

Retained Earnings

0

205.63M

149.92M

176.06M

Other Distributions

-327.12M

55.71M

-26.14M

-44.29M

PPE Schedule

Year

2025

2024

2023

2022

Gross PPE

46.42M

54.39M

69.32M

86.98M

Annual Depreciation

162.45M

153.08M

161.2M

137.19M

Capital Expenditure

-2.08M

-46.07M

-119.13M

-137.08M

Net PPE

-113.94M

-52.61M

27.25M

86.88M

Intangible and Goodwill Schedule

Year

2025

2024

2023

2022

Acquisitions and Adjustments

0

0

2.31M

319.04M

Goodwill (Previous Year)

1.65B

1.65B

1.65B

1.33B

Goodwill

1.65B

1.65B

1.65B

1.65B

All figures are in USD.

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