Healthequity Inc

Common Name

Healthequity

Country

United States

Sector

Healthcare

Industry

Health Information Services

Employees

3,105

Ticker

HQY

Exchange

NASDAQ/NGS

Website

healthequity.com

Description

HealthEquity Inc. is a prominent player in the healthcare financial sector, specializing in the administration of health savings accounts (HSAs) and other consumer-directed benefits. The company provi... Show more

Financial Statements of Healthequity

Below are the financial statements of Healthequity, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Revenue	—	—	—
Service revenue	455.69^a	452.03^a	443.61^a
Custodial revenue	386.59^a	261.28^a	186.12^a
Interchange revenue	157.3^a	148.44^a	126.83^a
Total revenue	999.59^a	861.75^a	756.56^a
Cost of revenue	—	—	—
Service costs	-317.36^a	-318.52^a	-291.62^a
Custodial costs	-32.5^a	-26.1^a	-19.49^a
Interchange costs	-27.09^a	-25.2^a	-20.68^a
Total cost of revenue	-376.95^a	-369.81^a	-331.79^a
Gross profit	622.64^a	491.94^a	424.77^a
Operating expenses	—	—	—
Sales and marketing	-79.27^a	-68.85^a	-58.61^a
Technology and development	-218.81^a	-193.38^a	-157.36^a
General and administrative	-103.66^a	-97.47^a	-85.44^a
Amortization of acquired intangible assets	-92.76^a	-94.59^a	-82.79^a
Merger integration	-10.44^a	-28.6^a	-64.81^a
Total operating expenses	-504.94^a	-482.88^a	-449^a
Income (loss) from operations	117.7^a	9.06^a	-24.24^a
Other expense	—	—	—
Interest expense	-55.46^a	-48.42^a	-36.57^a
Other income (expense), net	12.8^a	1.27^a	-5.93^a
Total other expense	-42.66^a	-47.15^a	-42.5^a
Income (loss) before income taxes	75.04^a	-38.1^a	-66.74^a
Income tax provision (benefit)	-19.33^a	-11.95^a	-22.45^a
Net income (loss) and comprehensive income (loss)	55.71^a	-26.14^a	-44.29^a

Verified Sources Behind Healthequity’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Healthequity’s data sources below and access millions more through our Disclosure Search.

a. Healthequity's 10-K 2024

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Healthequity Inc

Financial Statements of Healthequity

Verified Sources Behind Healthequity’s Financial Fundamentals Data

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