HealthEquity Inc (HQY)

Name: HealthEquity Inc Financial Statements
Creator: Quarter Results

Healthcare | Medical Healthcare Information Services

Latest reporting period: 2026-01-31

Latest Quarter

2026-01-31

Revenue

$335M

Net Income

$49.7M

Operating Margin

20.1%

Free Cash Flow

$455M

Debt / Assets

38.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for HealthEquity Inc (HQY).
Income Statement (Quarterly)	2026-01-31	2025-10-31	2025-07-31	2025-04-30
Revenue	334,586,000	322,164,000	325,835,000	330,844,000
Cost of Revenue	25,434,000	121,103,000	120,241,000	133,535,000
Gross Profit	309,152,000	201,061,000	205,594,000	197,309,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	171,427,000	55,291,000	49,912,000	51,520,000
Operating Expenses	241,781,000	121,207,000	114,716,000	112,956,000
Operating Income	67,371,000	79,854,000	90,878,000	84,353,000
Interest Expense	13,269,000	14,049,000	14,955,000	14,858,000
Income Before Tax	60,899,000	67,532,000	78,048,000	70,953,000
Income Tax Expense	11,159,000	15,840,000	18,194,000	17,038,000
Net Income	49,740,000	51,692,000	59,854,000	53,915,000
Per Share
EPS	0.59	0.60	0.69	0.62
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for HealthEquity Inc (HQY).
Income Statement (Annual)	2026-01-31	2025-01-31	2024-01-31	2023-01-31	2022-01-31
Revenue	1,313,429,000	1,199,774,000	999,587,000	861,748,000	756,556,000
Cost of Revenue	400,313,000	507,193,000	376,950,000	371,657,000	332,850,000
Gross Profit	913,116,000	692,581,000	622,637,000	490,091,000	423,706,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	328,150,000	222,999,000	182,929,000	164,477,000	142,984,000
Operating Expenses	590,660,000	462,512,000	504,280,000	452,438,000	383,139,000
Operating Income	322,456,000	230,069,000	128,134,000	38,924,000	34,636,000
Interest Expense	57,131,000	60,634,000	55,455,000	48,424,000	36,572,000
Income Before Tax	277,432,000	116,034,000	75,040,000	-38,096,000	-66,741,000
Income Tax Expense	62,231,000	19,331,000	19,328,000	-11,953,000	-22,452,000
Net Income	215,201,000	96,703,000	55,712,000	-26,143,000	-44,289,000
Per Share
EPS	2.50	1.11	0.65	-0.31	-0.53
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for HealthEquity Inc (HQY).
Balance Sheet (Quarterly)	2026-01-31	2025-01-31	2024-01-31	2023-01-31
Assets
Cash and Cash Equivalents	318,927,000	295,948,000	403,979,000	254,266,000
Short Term Investments	0	0	0	0
Net Receivables	123,696,000	118,006,000	104,893,000	96,835,000
Inventory	0	0	0	1
Total Current Assets	512,281,000	477,749,000	557,436,000	382,893,000
Property Plant Equipment	39,487,000	46,424,000	54,393,000	69,323,000
Goodwill and Intangibles	2,745,317,000	2,852,803,000	2,484,093,000	2,584,504,000
Total Assets	3,432,042,000	3,448,550,000	3,163,790,000	3,088,900,000
Liabilities
Account Payables	12,159,000	14,361,000	12,041,000	13,899,000
Short Term Debt	9,911,000	10,001,000	9,404,000	27,659,000
Total Current Liabilities	156,850,000	156,323,000	117,091,000	131,061,000
Long Term Debt	991,569,000	1,098,520,000	923,738,000	966,826,000
Total Liabilities	1,324,846,000	1,333,639,000	1,128,769,000	1,193,260,000
Shareholders Equity
Retained Earnings	195,906,000	209,274,000	205,628,000	149,916,000
Total Shareholders Equity	2,107,196,000	2,114,911,000	2,035,021,000	1,895,640,000

Balance sheet annual history for HealthEquity Inc (HQY).
Balance Sheet (Annual)	2026-01-31	2025-01-31	2024-01-31	2023-01-31	2022-01-31
Assets
Cash and Cash Equivalents	318,927,000	295,948,000	403,979,000	254,266,000	225,414,000
Short Term Investments	0	0	0	0	0
Net Receivables	123,696,000	118,006,000	104,893,000	96,835,000	87,428,000
Inventory	0	0	0	1	0
Total Current Assets	512,281,000	477,749,000	557,436,000	382,893,000	351,337,000
Property Plant Equipment	39,487,000	46,424,000	54,393,000	69,323,000	86,985,000
Goodwill and Intangibles	2,745,317,000	2,852,803,000	2,484,093,000	2,584,504,000	2,618,973,000
Total Assets	3,432,042,000	3,448,550,000	3,163,790,000	3,088,900,000	3,107,102,000
Liabilities
Account Payables	12,159,000	14,361,000	12,041,000	13,899,000	27,541,000
Short Term Debt	9,911,000	10,001,000	9,404,000	27,659,000	20,921,000
Total Current Liabilities	156,850,000	156,323,000	117,091,000	131,061,000	153,187,000
Long Term Debt	991,569,000	1,098,520,000	923,738,000	966,826,000	987,309,000
Total Liabilities	1,324,846,000	1,333,639,000	1,128,769,000	1,193,260,000	1,254,527,000
Shareholders Equity
Retained Earnings	195,906,000	209,274,000	205,628,000	149,916,000	176,059,000
Total Shareholders Equity	2,107,196,000	2,114,911,000	2,035,021,000	1,895,640,000	1,852,575,000

Cash flow quarterly history for HealthEquity Inc (HQY).
Cash Flow Statement (Quarterly)	2026-01-31	2025-01-31	2024-01-31	2023-01-31
Operating Activities
Net Income	215,201,000	96,703,000	55,712,000	-26,143,000
Depreciation & Amortization	154,657,000	162,451,000	153,078,000	161,201,000
Stock Based Compensation	73,063,000	96,425,000	77,151,000	62,614,000
Change in Working Capital	-26,619,000	-6,530,000	-33,129,000	-33,370,000
Operating Cash Flow	457,094,000	339,856,000	242,826,000	150,650,000
Investing Activities
Capital Expenditure	-1,969,000	-2,084,000	-46,074,000	-119,127,000
Investments	-1,969,000	-2,084,000	-1,694,000	-119,127,000
Investing Cash Flow	-47,140,000	-505,454,000	-46,074,000	-119,127,000
Financing Activities
Debt Repayment	-100,000,000	171,252,000	-54,375,000	-8,750,000
Common Stock Issued/Repurchased	-287,842,000	-112,065,000	0	6,682,000
Dividends Paid	0	0	0	0
Financing Cash Flow	-386,975,000	57,567,000	-47,039,000	-2,671,000
Summary
Free Cash Flow	455,125,000	337,772,000	196,752,000	31,523,000
Net Change in Cash	22,979,000	-108,031,000	149,713,000	28,852,000

Cash flow annual history for HealthEquity Inc (HQY).
Cash Flow Statement (Annual)	2026-01-31	2025-01-31	2024-01-31	2023-01-31	2022-01-31
Operating Activities
Net Income	215,201,000	96,703,000	55,712,000	-26,143,000	-44,289,000
Depreciation & Amortization	154,657,000	162,451,000	153,078,000	161,201,000	137,188,000
Stock Based Compensation	73,063,000	96,425,000	77,151,000	62,614,000	52,750,000
Change in Working Capital	-26,619,000	-6,530,000	-33,129,000	-33,370,000	1,625,000
Operating Cash Flow	457,094,000	339,856,000	242,826,000	150,650,000	140,995,000
Investing Activities
Capital Expenditure	-1,969,000	-2,084,000	-46,074,000	-119,127,000	-137,081,000
Investments	-1,969,000	-2,084,000	-1,694,000	-119,127,000	-137,081,000
Investing Cash Flow	-47,140,000	-505,454,000	-46,074,000	-119,127,000	-639,247,000
Financing Activities
Debt Repayment	-100,000,000	171,252,000	-54,375,000	-8,750,000	-1,003,125,000
Common Stock Issued/Repurchased	-287,842,000	-112,065,000	0	6,682,000	456,640,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	-386,975,000	57,567,000	-47,039,000	-2,671,000	394,863,000
Summary
Free Cash Flow	455,125,000	337,772,000	196,752,000	31,523,000	3,914,000
Net Change in Cash	22,979,000	-108,031,000	149,713,000	28,852,000	-103,389,000