HEALTHEQUITY, INC. (HQY)
Q2-CY2026Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014
Balance Sheet Date2026-Apr-302026-Jan-312025-Oct-312025-Jul-312025-Apr-302025-Jan-312024-Oct-312024-Jul-312024-Apr-302024-Jan-312023-Oct-312023-Jul-312023-Apr-302023-Jan-312022-Oct-312022-Jul-312022-Apr-302022-Jan-312021-Oct-312021-Jul-312021-Apr-302021-Jan-312020-Oct-312020-Jul-312020-Apr-302020-Jan-312019-Oct-312019-Jul-312019-Apr-302019-Jan-312018-Oct-312018-Jul-312018-Apr-302018-Jan-312017-Oct-312017-Jul-312017-Apr-302017-Jan-312016-Oct-312016-Jul-312016-Apr-302016-Jan-312015-Oct-312015-Jul-312015-Apr-302015-Jan-312014-Oct-312014-Jul-31
Fiscal PeriodQ1-FY2027Q4-FY2026Q3-FY2026Q2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015
Total Revenue354,641,000$334,586,000$322,164,000$325,835,000$330,844,000$311,817,000$300,432,000$299,928,000$287,597,000$262,387,000$249,219,000$243,549,000$244,432,000$233,841,000$216,086,000$206,142,000$205,679,000$203,297,000$179,954,000$189,103,000$184,202,000$188,169,000$179,351,000$176,039,000$190,011,000$201,200,000$157,118,000$86,623,000$87,052,000$75,777,000$70,495,000$71,067,000$69,904,000$60,436,000$56,789,000$56,879,000$55,421,000$46,814,000$43,358,000$44,185,000$44,013,000$35,886,000$30,556,000$30,494,000$29,850,000$24,871,000$21,862,000$20,891,000$
QoQ%5.99%3.86%(1.13%)(1.51%)6.10%3.79%.17%4.29%9.61%5.28%2.33%(.36%)4.53%8.22%4.82%.23%1.17%12.97%(4.84%)2.66%(2.11%)4.92%1.88%(7.35%)(5.56%)28.06%81.38%(.49%)14.88%7.49%(.81%)1.66%15.67%6.42%(.16%)2.63%18.39%7.97%(1.87%).39%22.65%17.44%.20%2.16%20.02%13.76%4.65%3.26%
YoY%7.19%7.30%7.23%8.64%15.04%18.84%20.55%23.15%17.66%12.21%15.33%18.15%18.84%15.02%20.08%9.01%11.66%8.04%.34%7.42%(3.06%)(6.48%)14.15%103.22%118.27%165.52%122.88%21.89%24.53%25.38%24.14%24.94%26.13%29.10%30.98%28.73%25.92%30.45%41.90%44.90%47.45%44.29%39.77%45.97%47.55%44.93%43.38%39.44%
Cost Of Revenue98,329,000$106,439,000$94,101,000$93,240,000$106,533,000$122,774,000$103,406,000$95,876,000$100,459,000$99,067,000$90,037,000$91,884,000$95,962,000$99,068,000$88,768,000$87,894,000$94,083,000$97,683,000$76,382,000$76,876,000$80,850,000$87,251,000$74,793,000$74,255,000$81,937,000$87,519,000$61,083,000$28,183,000$29,299,000$31,332,000$24,678,000$24,492,000$25,548,000$28,790,000$23,062,000$21,077,000$21,680,000$22,585,000$17,467,000$15,631,000$16,332,000$17,455,000$12,880,000$11,909,000$11,944,000$12,358,000$9,630,000$9,122,000$
Gross Profit256,312,000$228,147,000$228,063,000$232,595,000$224,311,000$189,043,000$197,026,000$204,052,000$187,138,000$163,320,000$159,182,000$151,665,000$148,470,000$134,773,000$127,318,000$118,248,000$111,596,000$105,614,000$103,572,000$112,227,000$103,352,000$100,918,000$104,558,000$101,784,000$108,074,000$113,681,000$96,035,000$58,440,000$57,753,000$44,445,000$45,817,000$46,575,000$44,356,000$31,646,000$33,727,000$35,802,000$33,741,000$24,229,000$25,891,000$28,554,000$27,681,000$18,431,000$17,676,000$18,585,000$17,906,000$12,513,000$12,232,000$11,769,000$
Gross Margin72.27%68.19%70.79%71.38%67.80%60.63%65.58%68.03%65.07%62.24%63.87%62.27%60.74%57.63%58.92%57.36%54.26%51.95%57.56%59.35%56.11%53.63%58.30%57.82%56.88%56.50%61.12%67.47%66.34%58.65%64.99%65.54%63.45%52.36%59.39%62.94%60.88%51.76%59.71%64.62%62.89%51.36%57.85%60.95%59.99%50.31%55.95%56.34%
Operating Expenses153,359,000$157,076,000$149,368,000$142,983,000$141,233,000$146,893,000$177,401,000$145,123,000$145,508,000$124,433,000$128,291,000$126,925,000$125,289,000$121,557,000$121,776,000$120,660,000$118,885,000$132,864,000$103,938,000$113,102,000$99,099,000$102,505,000$93,056,000$92,756,000$93,003,000$99,139,000$86,113,000$33,576,000$30,075,000$27,864,000$26,831,000$25,012,000$23,816,000$23,212,000$20,165,000$19,307,000$17,814,000$18,048,000$16,849,000$15,815,000$14,431,000$14,072,000$11,372,000$11,087,000$9,924,000$10,493,000$7,938,000$6,698,000$
Operating Income102,953,000$71,071,000$78,695,000$89,612,000$83,078,000$42,150,000$19,625,000$58,929,000$41,630,000$38,887,000$30,891,000$24,740,000$23,181,000$13,216,000$5,542,000$(2,412,000$)(7,289,000$)(27,250,000$)(366,000$)(875,000$)4,253,000$(1,587,000$)11,502,000$9,028,000$15,071,000$14,542,000$9,922,000$24,864,000$27,678,000$16,581,000$18,986,000$21,563,000$20,540,000$8,434,000$13,562,000$16,495,000$15,927,000$6,181,000$9,042,000$12,739,000$13,250,000$4,359,000$6,304,000$7,498,000$7,982,000$2,020,000$4,294,000$5,071,000$
Operating Margin29.03%21.24%24.43%27.50%25.11%13.52%6.53%19.65%14.48%14.82%12.40%10.16%9.48%5.65%2.57%(1.17%)(3.54%)(13.40%)(.20%)(.46%)2.31%(.84%)6.41%5.13%7.93%7.23%6.32%28.70%31.80%21.88%26.93%30.34%29.38%13.96%23.88%29.00%28.74%13.20%20.85%28.83%30.11%12.15%20.63%24.59%26.74%8.12%19.64%24.27%
Interest Income
Interest Expenses11,795,000$13,641,000$13,545,000$13,272,000$14,997,000$14,305,000$12,165,000$11,493,000$10,461,000$10,748,000$11,881,000$7,254,000$6,689,000$6,771,000$6,952,000$8,895,000$12,263,000$14,417,000$10,225,000$67,000$63,000$66,000$68,000$0$0$0$
Income Before Tax92,413,000$60,899,000$67,532,000$78,048,000$70,953,000$29,961,000$6,218,000$46,616,000$33,239,000$29,717,000$21,087,000$14,224,000$10,012,000$8,000$(6,180,000$)(13,873,000$)(18,051,000$)(43,765,000$)(9,125,000$)(7,785,000$)(6,066,000$)(1,342,000$)4,129,000$(691,000$)2,044,000$(607,000$)(31,252,000$)23,736,000$51,278,000$16,360,000$17,431,000$21,488,000$20,539,000$6,728,000$13,167,000$16,457,000$15,837,000$6,023,000$8,786,000$12,702,000$12,609,000$4,296,000$6,425,000$6,956,000$7,877,000$1,922,000$4,149,000$5,032,000$
Tax Expenses22,995,000$11,159,000$15,840,000$18,194,000$17,038,000$3,596,000$515,000$10,794,000$4,426,000$3,353,000$6,414,000$3,643,000$5,918,000$217,000$(4,539,000$)(3,219,000$)(4,412,000$)(10,947,000$)(4,087,000$)(3,967,000$)(3,451,000$)(6,709,000$)2,340,000$(543,000$)218,000$(417,000$)(9,918,000$)4,370,000$9,456,000$3,241,000$1,745,000$(1,029,000$)(2,038,000$)823,000$2,685,000$(489,000$)1,808,000$1,961,000$2,778,000$4,469,000$4,536,000$1,168,000$2,338,000$2,535,000$2,900,000$551,000$1,100,000$2,004,000$
Net Income69,418,000$49,740,000$51,692,000$59,854,000$53,915,000$26,365,000$5,703,000$35,822,000$28,813,000$26,364,000$14,673,000$10,581,000$4,094,000$(209,000$)(1,641,000$)(10,654,000$)(13,639,000$)(32,818,000$)(5,038,000$)(3,818,000$)(2,615,000$)5,367,000$1,789,000$(148,000$)1,826,000$(190,000$)(21,334,000$)19,366,000$41,822,000$13,119,000$15,686,000$22,517,000$22,577,000$5,905,000$10,482,000$16,946,000$14,029,000$4,062,000$6,008,000$8,233,000$8,073,000$3,128,000$4,087,000$4,421,000$4,977,000$1,371,000$3,049,000$3,028,000$
Profit Margin19.57%14.87%16.05%18.37%16.30%8.46%1.90%11.94%10.02%10.05%5.89%4.35%1.68%(.09%)(.76%)(5.17%)(6.63%)(16.14%)(2.80%)(2.02%)(1.42%)2.85%1.00%(.08%).96%(.09%)(13.58%)22.36%48.04%17.31%22.25%31.68%32.30%9.77%18.46%29.79%25.31%8.68%13.86%18.63%18.34%8.72%13.38%14.50%16.67%5.51%13.95%14.49%
TTM17.25%16.39%14.86%11.49%9.80%8.06%8.41%9.61%7.71%5.57%3.00%1.37%(.93%)(3.03%)(7.07%)(7.82%)(7.11%)(5.85%)(.82%).10%.60%1.20%.44%(2.74%)(.05%)7.46%13.03%28.13%30.60%25.73%24.53%23.81%22.91%20.64%21.08%20.27%17.04%14.79%15.20%15.21%13.98%13.10%12.83%12.91%12.75%11.57%5.09%4.09%
Earnings to Minority(442,000$)29,000$1,463,000$
Earnings to Common Shareholders69,418,000$49,740,000$51,692,000$59,854,000$53,915,000$26,365,000$5,703,000$35,822,000$28,813,000$26,364,000$14,673,000$10,581,000$4,094,000$(209,000$)(1,641,000$)(10,654,000$)(13,639,000$)(32,818,000$)(5,038,000$)(3,818,000$)(2,615,000$)5,367,000$1,789,000$(148,000$)1,826,000$(190,000$)(21,334,000$)19,366,000$41,822,000$13,119,000$15,686,000$22,517,000$22,577,000$5,905,000$10,482,000$16,946,000$14,029,000$4,062,000$6,008,000$8,233,000$8,073,000$3,128,000$4,087,000$4,421,000$4,977,000$1,813,000$3,020,000$1,565,000$
QoQ%39.56%(3.78%)(13.64%)11.02%104.50%362.30%(84.08%)24.33%9.29%79.68%38.67%158.45%2,058.85%87.26%84.60%21.89%58.44%(551.41%)(31.95%)(46.00%)(148.72%)200.00%1,308.78%(108.11%)1,061.05%99.11%(210.16%)(53.69%)218.79%(16.37%)(30.34%)(.27%)282.34%(43.67%)(38.15%)20.79%245.37%(32.39%)(27.03%)1.98%158.09%(23.47%)(7.56%)(11.17%)174.52%(39.97%)92.97%(59.34%)
YoY%28.76%88.66%806.40%67.09%87.12%.00%(61.13%)238.55%603.79%12,714.35%994.15%199.32%130.02%99.36%67.43%(179.05%)(421.57%)(711.48%)(381.61%)(2,479.73%)(243.21%)2,924.74%108.39%(100.76%)(95.63%)(101.45%)(236.01%)(13.99%)85.24%122.17%49.65%32.88%60.93%45.37%74.47%105.83%73.78%29.86%47.00%86.23%62.21%72.53%35.33%182.49%29.31%120.49%397.53%127.14%
Earnings Per Share, Basic0.82$0.58$0.60$0.69$0.62$0.30$0.07$0.41$0.33$0.31$0.17$0.12$0.05$0.00$(0.02$)(0.13$)(0.16$)(0.39$)(0.06$)(0.05$)(0.03$)0.07$0.02$0.00$0.03$0.00$(0.30$)0.30$0.67$0.21$0.25$0.36$0.37$0.10$0.17$0.28$0.23$0.07$0.10$0.14$0.14$0.05$0.07$0.08$0.09$0.03$0.06$0.19$
Earnings Per Share, Diluted0.82$0.57$0.59$0.68$0.61$0.29$0.06$0.40$0.33$0.30$0.17$0.12$0.05$0.00$(0.02$)(0.13$)(0.16$)(0.39$)(0.06$)(0.05$)(0.03$)0.07$0.02$0.00$0.03$0.00$(0.30$)0.30$0.65$0.21$0.25$0.36$0.36$0.09$0.17$0.27$0.23$0.07$0.10$0.14$0.14$0.05$0.07$0.08$0.09$0.03$0.05$0.04$
Unlevered FCF Per Share, Basic1.15$1.38$1.60$1.56$0.75$0.87$1.04$1.23$0.75$0.89$0.66$0.90$0.37$0.65$0.56$0.46$0.07$0.58$0.26$0.40$0.35$0.77$0.65$0.72$0.11$0.41$0.22$0.45$0.39$0.52$0.44$0.46$0.35$0.29$0.35$0.39$0.24$0.23$0.24$0.21$0.03$0.13$0.19$0.09$0.02$0.08$0.07$0.47$
Unlevered FCF Per Share, Diluted1.14$1.36$1.58$1.54$0.73$0.84$1.02$1.21$0.73$0.87$0.65$0.89$0.36$0.65$0.56$0.46$0.07$0.58$0.26$0.40$0.35$0.74$0.64$0.72$0.10$0.39$0.22$0.44$0.38$0.51$0.43$0.45$0.34$0.28$0.34$0.38$0.23$0.23$0.23$0.21$0.03$0.12$0.18$0.09$0.02$0.07$0.07$0.09$
Average Shares, Basic84,413,00085,328,00085,995,00086,550,00086,655,00086,684,00087,193,00087,131,00086,472,00085,996,00085,697,00085,533,00085,030,00084,731,00084,572,00084,443,00084,022,00083,753,00083,551,00083,481,00081,747,00076,916,00076,701,00072,343,00070,980,00071,034,00070,524,00064,220,00062,326,00062,206,00062,088,00061,880,00061,170,00060,761,00060,562,00060,173,00059,720,00059,456,00058,938,00058,246,00057,820,00057,730,00057,353,00056,730,00055,063,00055,544,00053,678,0008,135,000
Average Shares, Diluted85,006,00086,761,00086,970,00087,746,00088,415,00089,708,00088,634,00088,646,00088,324,00088,263,00087,122,00086,341,00086,102,00084,731,00084,572,00084,443,00084,022,00083,753,00083,551,00083,481,00081,747,00080,236,00077,845,00072,343,00072,292,00073,804,00070,524,00065,583,00063,901,00063,467,00063,923,00063,397,00062,693,00062,383,00061,868,00061,765,00061,400,00060,453,00060,073,00059,651,00059,399,00059,487,00059,263,00058,932,00057,770,00064,455,00057,553,00041,680,000
EBIT92,413,000$60,899,000$67,532,000$78,048,000$70,953,000$29,961,000$6,218,000$46,616,000$45,034,000$43,358,000$34,632,000$27,496,000$25,009,000$14,313,000$5,985,000$(2,380,000$)(7,590,000$)(33,017,000$)2,756,000$(531,000$)623,000$5,429,000$11,081,000$8,204,000$14,307,000$13,810,000$(21,027,000$)23,803,000$51,341,000$16,426,000$17,499,000$21,488,000$20,539,000$6,728,000$13,167,000$16,457,000$15,837,000$6,023,000$8,786,000$12,702,000$12,609,000$4,296,000$6,425,000$6,956,000$7,877,000$1,922,000$4,149,000$5,032,000$
EBITDA130,627,000$99,581,000$106,312,000$116,502,000$109,694,000$69,143,000$46,939,000$90,226,000$83,972,000$81,269,000$72,412,000$65,842,000$64,050,000$54,788,000$46,485,000$38,360,000$31,896,000$5,807,000$36,301,000$32,520,000$32,391,000$35,848,000$40,460,000$36,803,000$41,814,000$40,371,000$(1,958,000$)28,752,000$56,114,000$21,113,000$22,081,000$25,884,000$25,059,000$11,538,000$17,173,000$20,111,000$19,319,000$9,666,000$12,204,000$15,880,000$15,556,000$7,167,000$8,490,000$8,871,000$9,627,000$3,625,000$5,693,000$5,032,000$