HealthEquity Inc (HQY)

Name: HealthEquity Inc Financial Statements
Creator: Quarter Results

Healthcare | Medical Healthcare Information Services

Latest reporting period: 2025-10-31

Latest Quarter

2025-10-31

Revenue

$322M

Net Income

$51.7M

Operating Margin

24.8%

Free Cash Flow

$338M

Debt / Assets

38.7%

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)	2025-10-31	2025-07-31	2025-04-30	2025-01-31
Revenue	322,164,000	325,835,000	330,844,000	311,817,000
Cost of Revenue	121,103,000	120,241,000	133,535,000	122,774,000
Gross Profit	201,061,000	205,594,000	197,309,000	189,043,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	55,291,000	49,912,000	51,520,000	53,059,000
Operating Expenses	121,207,000	114,716,000	112,956,000	146,893,000
Operating Income	79,854,000	90,878,000	84,353,000	42,150,000
Interest Expense	14,049,000	14,955,000	14,858,000	15,257,000
Income Before Tax	67,532,000	78,048,000	70,953,000	29,961,000
Income Tax Expense	15,840,000	18,194,000	17,038,000	3,596,000
Net Income	51,692,000	59,854,000	53,915,000	26,365,000
Per Share
EPS	0.60	0.69	0.62	0.30
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for HealthEquity Inc (HQY).
Income Statement (Annual)	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31
Revenue	1,199,774,000	999,587,000	861,748,000	756,556,000	733,570,000
Cost of Revenue	507,193,000	376,950,000	371,657,000	332,850,000	318,236,000
Gross Profit	692,581,000	622,637,000	490,091,000	423,706,000	415,334,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	222,999,000	182,929,000	164,477,000	142,984,000	134,457,000
Operating Expenses	462,512,000	504,280,000	452,438,000	383,139,000	335,330,000
Operating Income	230,069,000	128,134,000	38,924,000	34,636,000	34,014,000
Interest Expense	60,634,000	55,455,000	48,424,000	36,572,000	34,881,000
Income Before Tax	116,034,000	75,040,000	-38,096,000	-66,741,000	4,140,000
Income Tax Expense	19,331,000	19,328,000	-11,953,000	-22,452,000	-4,694,000
Net Income	96,703,000	55,712,000	-26,143,000	-44,289,000	8,834,000
Per Share
EPS	1.11	0.65	-0.31	-0.53	0.12
EPS Diluted	0.00	0.00	0.00	0.00	0.00

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

Balance sheet annual history for HealthEquity Inc (HQY).
Balance Sheet (Annual)	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31
Assets
Cash and Cash Equivalents	295,948,000	403,979,000	254,266,000	225,414,000	328,803,000
Short Term Investments	0	0	0	0	0
Net Receivables	118,006,000	104,893,000	96,835,000	87,428,000	72,767,000
Inventory	0	0	1	0	0
Total Current Assets	477,749,000	557,436,000	382,893,000	351,337,000	460,177,000
Property Plant Equipment	46,424,000	54,393,000	69,323,000	86,985,000	118,614,000
Goodwill and Intangibles	2,852,803,000	2,484,093,000	2,584,504,000	2,618,973,000	2,094,196,000
Total Assets	3,448,550,000	3,163,790,000	3,088,900,000	3,107,102,000	2,710,407,000
Liabilities
Account Payables	14,361,000	12,041,000	13,899,000	27,541,000	1,614,000
Short Term Debt	10,001,000	9,404,000	27,659,000	20,921,000	76,537,000
Total Current Liabilities	156,323,000	117,091,000	131,061,000	153,187,000	204,701,000
Long Term Debt	1,098,520,000	923,738,000	966,826,000	987,309,000	998,441,000
Total Liabilities	1,333,639,000	1,128,769,000	1,193,260,000	1,254,527,000	1,331,679,000
Shareholders Equity
Retained Earnings	209,274,000	205,628,000	149,916,000	176,059,000	220,348,000
Total Shareholders Equity	2,114,911,000	2,035,021,000	1,895,640,000	1,852,575,000	1,378,728,000

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

Cash flow annual history for HealthEquity Inc (HQY).
Cash Flow Statement (Annual)	2025-01-31	2024-01-31	2023-01-31	2022-01-31	2021-01-31
Operating Activities
Net Income	96,703,000	55,712,000	-26,143,000	-44,289,000	8,834,000
Depreciation & Amortization	162,451,000	153,078,000	161,201,000	137,188,000	115,904,000
Stock Based Compensation	96,425,000	77,151,000	62,614,000	52,750,000	42,863,000
Change in Working Capital	-6,530,000	-33,129,000	-33,370,000	1,625,000	12,295,000
Operating Cash Flow	339,856,000	242,826,000	150,650,000	140,995,000	181,619,000
Investing Activities
Capital Expenditure	-2,084,000	-46,074,000	-119,127,000	-137,081,000	-96,964,000
Investments	-2,084,000	-1,694,000	-119,127,000	-137,081,000	-13,093,000
Investing Cash Flow	-505,454,000	-46,074,000	-119,127,000	-639,247,000	-96,964,000
Financing Activities
Debt Repayment	171,252,000	-54,375,000	-8,750,000	-1,003,125,000	-239,063,000
Common Stock Issued/Repurchased	-112,065,000	0	6,682,000	456,640,000	286,779,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	57,567,000	-47,039,000	-2,671,000	394,863,000	52,422,000
Summary
Free Cash Flow	337,772,000	196,752,000	31,523,000	3,914,000	84,655,000
Net Change in Cash	-108,031,000	149,713,000	28,852,000	-103,389,000	137,077,000