HealthEquity Inc

HQY · NASDAQ · Healthcare / Health Information Services

103.46USD+0.41 (+0.40%)

Price History

Full chart

Market Stats

Previous Close103.05

Open103.88

Day Range102.58 – 104.01

52-Week Range72.76 – 107.62

Volume538.08K

Market Cap7.33B

P/E (TTM)32.69

Forward P/E19.72

EPS2.71

Dividend Yield0.00%

Beta0.23

50-Day Avg99.30

200-Day Avg88.89

About

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace. It serves clients through a direct sales force; and brokers and advisors, a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.

Company Details

SectorHealthcare
IndustryHealth Information Services
CEOMr. Scott R. Cutler J.D.
Employees2.81K
Headquarters15 West Scenic Pointe Drive, Draper, UT, United States, 84020, USA
Websitehttps://www.healthequity.com

Leadership

Mr. Scott R. Cutler J.D.CEO, President & Director · b. 1970
Dr. Stephen D. Neeleman M.D.Founder & Vice Chairman · b. 1968
Mr. James M. LucaniaCFO & Executive VP · b. 1979
Mr. Delano Ladd J.D.Executive VP, General Counsel & Secretary · b. 1981
Mr. Michael FioreExecutive VP & Chief Commercial Officer · b. 1975
Mr. Richard PutnamVice President of Investor Relations
Ms. Stacey UllrichSenior Vice President of Corporate Communications
Mr. Steve LindsayExecutive Vice President of Sales & Relationship Management
Mr. Brad BennionExecutive Vice President of Corporate Development & Strategy
Mr. Mukund RamachandranChief Marketing Officer

Financials

Income Statement

Currency: USD	2013-01-31	2014-01-31	2015-01-31	2016-01-31	2017-01-31	2018-01-31	2019-01-31	2020-01-31	2021-01-31	2022-01-31	2023-01-31	2024-01-31	2025-01-31	2026-01-31
Total Revenue	46.09M	62.02M	87.86M	126.79M	178.37M	229.53M	287.24M	531.99M	733.57M	756.56M	861.75M	999.59M	1.20B	1.31B
Growth (%)	-	+34.56%	+41.67%	+44.31%	+40.69%	+28.68%	+25.15%	+85.21%	+37.89%	+3.13%	+13.90%	+16.00%	+20.03%	+9.47%
Cost of Revenue	23.61M	30.85M	41.52M	56.40M	76.31M	99.47M	111.98M	240.79M	394.30M	415.64M	466.24M	469.71M	507.19M	400.31M
Gross Profit	22.48M	31.16M	46.34M	70.39M	102.06M	130.05M	175.26M	291.20M	339.27M	340.92M	395.50M	529.87M	692.58M	913.12M
Gross Margin	48.78%	50.25%	52.74%	55.52%	57.22%	56.66%	61.02%	54.74%	46.25%	45.06%	45.90%	53.01%	57.73%	69.52%
Operating Expense	15.39M	19.64M	29.46M	44.25M	60.85M	75.64M	97.59M	182.09M	259.27M	300.35M	357.85M	401.74M	462.51M	590.66M
Operating Income	7.09M	11.52M	16.87M	26.14M	41.21M	54.42M	77.67M	109.12M	80.00M	40.57M	37.65M	128.13M	230.07M	322.46M
Operating Margin	15.39%	18.58%	19.21%	20.62%	23.10%	23.71%	27.04%	20.51%	10.91%	5.36%	4.37%	12.82%	19.18%	24.55%
EBITDA	10.19M	15.79M	22.76M	34.74M	54.40M	68.14M	94.00M	123.28M	154.93M	102.97M	171.53M	282.42M	337.54M	489.22M
EBITDA Margin	22.12%	25.47%	25.91%	27.40%	30.50%	29.69%	32.73%	23.17%	21.12%	13.61%	19.90%	28.25%	28.13%	37.25%
Net Income	11.17M	1.23M	10.17M	16.61M	26.38M	47.36M	73.90M	39.66M	8.83M	-44.29M	-26.14M	55.71M	96.70M	215.20M
Net Income Margin	24.23%	1.99%	11.57%	13.10%	14.79%	20.63%	25.73%	7.46%	1.20%	-5.85%	-3.03%	5.57%	8.06%	16.38%
R&D	4.23M	7.14M	10.50M	16.83M	22.38M	27.39M	35.06M	77.58M	124.81M	157.36M	193.38M	218.81M	239.51M	262.51M
R&D as % of Total Revenue	9.18%	11.52%	11.95%	13.28%	12.54%	11.93%	12.20%	14.58%	17.01%	20.80%	22.44%	21.89%	19.96%	19.99%
Interest Expense	326.00K	44.00K	44.00K	0	0	274.00K	0	24.77M	34.88M	36.57M	48.42M	55.45M	60.63M	57.13M
Interest Expense % of Total Revenue	0.71%	0.07%	0.05%	0.00%	0.00%	0.12%	0.00%	4.66%	4.75%	4.83%	5.62%	5.55%	5.05%	4.35%

Balance Sheet

Currency: USD	2013-01-31	2014-01-31	2015-01-31	2016-01-31	2017-01-31	2018-01-31	2019-01-31	2020-01-31	2021-01-31	2022-01-31	2023-01-31	2024-01-31	2025-01-31	2026-01-31
Total Assets	46.30M	55.09M	158.77M	219.79M	279.14M	369.16M	510.02M	2.56B	2.71B	3.11B	3.09B	3.16B	3.45B	3.43B
Total Liabilities	8.30M	21.08M	14.67M	16.34M	17.20M	22.89M	32.94M	1.53B	1.33B	1.25B	1.19B	1.13B	1.33B	1.32B
Total Equity	35.60M	34.01M	144.09M	203.46M	261.94M	346.27M	477.08M	1.03B	1.38B	1.85B	1.90B	2.04B	2.11B	2.11B
Cash	5.91M	13.92M	111.00M	83.64M	139.95M	199.47M	361.48M	191.73M	328.80M	225.41M	254.27M	403.98M	295.95M	318.93M
Total Debt	-	-	-	-	-	-	-	1.30B	1.07B	1.01B	994.49M	933.14M	1.11B	1.00B
Net Debt	-5.91M	-13.92M	-111.00M	-83.64M	-139.95M	-199.47M	-361.48M	1.11B	746.17M	782.82M	740.22M	529.16M	812.57M	682.55M

Cash Flow

Currency: USD	2013-01-31	2014-01-31	2015-01-31	2016-01-31	2017-01-31	2018-01-31	2019-01-31	2020-01-31	2021-01-31	2022-01-31	2023-01-31	2024-01-31	2025-01-31	2026-01-31
Operating Cash Flow	11.77M	18.02M	15.05M	26.54M	45.59M	81.70M	113.42M	105.86M	181.62M	141.00M	150.65M	242.83M	339.86M	457.09M
Investing Cash Flow	-3.54M	-4.64M	-8.44M	-90.55M	-13.05M	-36.75M	25.65M	-1.74B	-96.96M	-639.25M	-119.13M	-46.07M	-505.45M	-47.14M
Financing Cash Flow	-7.46M	-5.36M	90.48M	36.65M	23.78M	14.56M	22.93M	1.47B	52.42M	394.86M	-2.67M	-47.04M	57.57M	-386.98M
Capital Expenditure	2.74M	5.44M	8.13M	49.76M	12.68M	33.38M	15.04M	42.07M	96.96M	137.08M	119.13M	46.07M	2.08M	1.97M
Free Cash Flow	9.03M	12.58M	6.91M	-23.22M	32.92M	48.32M	98.38M	63.78M	84.66M	3.91M	31.52M	196.75M	337.77M	455.13M
Dividends Paid	-	694.00K	50.35M	0	0	0	-	-	-	-	-	-	-	-
FCF to OCF	76.75%	69.81%	45.95%	-87.49%	72.20%	59.14%	86.74%	60.25%	46.61%	2.78%	20.92%	81.03%	99.39%	99.57%
Dividend Paid to FCF	-	5.52%	728.19%	0.00%	0.00%	0.00%	-	-	-	-	-	-	-	-

Earnings

Report Date	Sep 9, 2014	Dec 9, 2014	Mar 24, 2015	Jun 8, 2015	Sep 8, 2015	Dec 7, 2015	Mar 22, 2016	Jun 7, 2016	Sep 6, 2016	Dec 6, 2016	Mar 21, 2017	Jun 6, 2017	Sep 5, 2017	Dec 5, 2017	Mar 19, 2018	Jun 4, 2018	Sep 4, 2018	Dec 4, 2018	Mar 18, 2019	Jun 4, 2019	Sep 3, 2019	Dec 3, 2019	Mar 16, 2020	Jun 2, 2020	Sep 8, 2020	Dec 7, 2020	Mar 15, 2021	Jun 7, 2021	Sep 8, 2021	Dec 6, 2021	Mar 22, 2022	Jun 6, 2022	Sep 6, 2022	Dec 6, 2022	Mar 21, 2023	Jun 5, 2023	Sep 5, 2023	Dec 5, 2023	Mar 19, 2024	Jun 3, 2024	Sep 3, 2024	Dec 9, 2024	Mar 18, 2025	Jun 3, 2025	Sep 2, 2025	Dec 3, 2025	Mar 24, 2026	May 28, 2026	Aug 27, 2026
EPS Estimate	0.05	0.04	0.02	0.09	0.08	0.07	0.04	0.13	0.13	0.12	0.07	0.19	0.18	0.16	0.09	0.28	0.28	0.25	0.22	0.34	0.35	0.23	0.36	0.44	0.28	0.36	0.40	0.32	0.36	0.35	0.22	0.26	0.33	0.35	0.35	0.41	0.48	0.50	0.56	0.65	0.70	0.72	0.72	0.81	0.92	0.91	0.90	0.94	0.99
EPS Actual	0.07	0.05	0.02	0.10	0.08	0.07	0.07	0.15	0.16	0.12	0.09	0.19	0.21	0.17	0.11	0.31	0.34	0.28	0.27	0.41	0.45	0.47	0.39	0.43	0.42	0.41	0.42	0.38	0.40	0.35	0.20	0.27	0.33	0.38	0.37	0.50	0.53	0.60	0.63	0.80	0.86	0.78	0.69	0.97	1.08	1.01	0.95	1.07	1.04
Surprise	40.00%	25.00%	0.00%	11.11%	0.00%	0.00%	75.00%	15.38%	23.08%	0.00%	28.57%	0.00%	16.67%	6.25%	22.22%	10.71%	21.43%	12.00%	22.73%	20.59%	28.57%	104.35%	8.33%	-2.27%	50.00%	13.89%	5.00%	18.75%	11.11%	0.00%	-9.09%	3.85%	0.00%	8.57%	5.71%	21.95%	10.42%	20.00%	12.50%	23.08%	22.86%	8.33%	-4.17%	19.75%	17.39%	10.99%	5.77%	13.83%	5.05%
Timing	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-	After-hours	Pre-market

Key Statistics & Ratios

Market Cap7.33B

Enterprise Value8.19B

Trailing P/E32.69

Forward P/E19.72

PEG Ratio1.32

Price / Sales5.38

Price / Book3.76

EPS2.71

Book Value24.00

Revenue (TTM)1.36B

Gross Profit (TTM)970.48M

EBITDA513.61M

Profit Margin17.36%

Operating Margin28.42%

Return on Equity11.43%

Return on Assets6.65%

Shares Outstanding82.72M

Shares Float81.04M

Beta0.23

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 14 analystsTarget 119.33

Strong Buy
9
Buy
4
Hold
1

Ownership Breakdown

Institutions: 111.44%
Insiders: 2.17%
Retail / Other: 0.00%

Top Institutional Holders

BlackRock Inc
10.53M12.73%
Wasatch Advisors LP
7.96M9.62%
Vanguard Portfolio Management, LLC
4.16M5.03%
Vanguard Capital Management, LLC
3.82M4.62%
State Street Corp
3.10M3.75%
Morgan Stanley - Brokerage Accounts
2.49M3.01%
Geode Capital Management, LLC
2.26M2.73%
AQR Capital Management LLC
2.09M2.53%
Dimensional Fund Advisors, Inc.
1.87M2.26%
William Blair Investment Management, LLC
1.77M2.14%
Brown Advisory Holdings Inc
1.41M1.71%
ClearBridge Advisors, LLC
1.31M1.58%
Mackenzie Investments
1.28M1.55%
JPMorgan Chase & Co
1.18M1.43%

Top Fund Holders

iShares Core S&P Mid-Cap ETF
2.96M3.58%
Vanguard MStar Total Stk Mkt Idx Invest
2.53M3.06%
Wasatch Core Growth
2.23M2.69%
iShares Russell 2000 ETF
2.17M2.63%
Vanguard Small Cap Index
1.83M2.21%
Eaton Vance Atlanta Capital SMID-Cap I
1.46M1.77%