HQY
HealthEquity Inc
NASDAQ: HQY · HEALTHCARE · HEALTH INFORMATION SERVICES
$82.03
+0.68% today
Updated 2026-04-30
Market cap
$6.88B
P/E ratio
33.12
P/S ratio
5.24x
EPS (TTM)
$2.46
Dividend yield
—
52W range
$73 – $117
Volume
1.0M
HealthEquity Inc (HQY) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Revenue growth (YoY) | — | +34.6% | +41.7% | +44.3% | +40.7% | +28.7% | +25.1% | +85.2% | +37.9% | +3.1% | +13.9% | +16.0% | +20.0% | +9.5% |
| 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 | 48.8% | 50.3% | 52.7% | 55.5% | 57.2% | 56.7% | 61.0% | 54.7% | 46.2% | 45.1% | 45.9% | 53.0% | 57.7% | 69.5% |
| 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 |
| SG&A | $3.37M | $3.90M | $8.34M | $14.11M | $20.15M | $25.11M | $33.04M | $60.56M | $84.49M | $84.38M | $95.63M | $103.66M | $132.26M | $232.91M |
| 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 | 15.4% | 18.6% | 19.2% | 20.6% | 23.1% | 23.7% | 27.0% | 20.5% | 10.9% | 5.4% | 4.4% | 12.8% | 19.2% | 24.6% |
| 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 | $322.46M |
| EBITDA margin | 22.1% | 25.5% | 25.9% | 27.4% | 30.5% | 29.7% | 32.7% | 23.2% | 21.1% | 13.6% | 19.9% | 28.3% | 28.1% | 24.6% |
| EBIT | $6.83M | $11.52M | $21.13M | $26.14M | $41.21M | $52.19M | $75.82M | $67.93M | $39.02M | $-34.22M | $10.33M | $129.34M | $175.09M | — |
| Interest expense | $326000.00 | $44000.00 | $44000.00 | $0.00 | $0.00 | $274000.00 | $0.00 | $24.77M | $34.88M | $36.57M | $48.42M | $55.45M | $60.63M | $57.13M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 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 growth (YoY) | — | -89.0% | +724.5% | +63.4% | +58.8% | +79.6% | +56.0% | -46.3% | -77.7% | -601.3% | +41.0% | +313.1% | +73.6% | +122.5% |
| Profit margin | 24.2% | 2.0% | 11.6% | 13.1% | 14.8% | 20.6% | 25.7% | 7.5% | 1.2% | -5.9% | -3.0% | 5.6% | 8.1% | 16.4% |