HealthEquity is a dedicated health savings company. The company's technology platform and tax-advantaged accounts help members build health savings while controlling health care costs.
Latest HealthEquity News
Dec 5, 2023
HealthEquity press release (NASDAQ: HQY ): Q3 Non-GAAP EPS of $0.60 beats by $0.10. Revenue of $249.22M (+15.3% Y/Y) beats by $5.61M. Adjusted EBITDA of $95.6 million, an increase of 30% compared to $73.4 million in Q3 FY23. 8.3 million HSAs, an increase of 8% compared to Q3 FY23. Total HSA Assets of $22.6 billion, an increase of 12% compared to Q3 FY23. 15.3 million Total Accounts, including both HSAs and complementary CDBs, an increase of 5% compared to Q3 FY23. The Company agreed to acquire the BenefitWallet HSA portfolio. Outlook: For the fiscal year ending January 31, 2024, management expects revenue of $985 million to $995 million. Its outlook for net income is between $34 million and $39 million, resulting in net income of $0.39 to $0.45 per diluted share. Its outlook for non-GAAP net income, calculated using the method described below, is between $181 million and $188 million, resulting in non-GAAP net income per diluted share of $2.08 to $2.16 (based on an estimated 87 million diluted weighted-average shares outstanding). Management expects Adjusted EBITDA of $350 million to $360 million. For the fiscal year ending January 31, 2025, management expects revenue of approximately $1.140 billion to $1.160 billion and Adjusted EBITDA of approximately 38-39% of revenue. These amounts assume an average annualized yield on HSA cash of approximately 3.00%.
HealthEquity Frequently Asked Questions (FAQ)
When was HealthEquity founded?
HealthEquity was founded in 2002.
Where is HealthEquity's headquarters?
HealthEquity's headquarters is located at 15 West Scenic Pointe Drive, Draper.
What is HealthEquity's latest funding round?
HealthEquity's latest funding round is IPO.
Who are HealthEquity's competitors?
Competitors of HealthEquity include Thatch and 2 more.
Compare HealthEquity to Competitors
Fidelity Investments provides financial services and investment resources helping individuals and institutions meet financial objectives. It engages in investment management through its research company. Fidelity Investments was founded in 1946 and is based in Boston, Massachusetts.
HSA Bank is a financial institution that specializes in consumer-directed healthcare. The company offers a range of health account services, including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefits. These services primarily cater to individuals, employers, and partners in the healthcare sector. It was founded in 1997 and is based in Sheboygan, Wisconsin.
Lively is a health savings account (HSA) platform for businesses and individuals. Its user-centric solutions enable sign-up, payroll syncing, paperless account management, and transparent pricing. It serves private individuals as well as businesses. The company was founded in 2016 and is based in San Francisco, California.
Thatch provides a payment platform for the healthcare industry. It offers a debit card for making payments by checking accounts, upcoming paychecks, or health savings account (HSA) balance. It allows employee benefits for maintaining their healthcare plans and spending on its platform. The company was founded in 2021 and is based in San Francisco, California.
Optum Bank is a leader in health accounts banking, operating within the financial services and healthcare sectors. The company primarily offers health-related financial products such as health savings accounts, flexible spending accounts, and electronic payment/processing services. These products are designed to help individuals and organizations manage healthcare expenses more effectively. It was founded in 2003 and is based in Salt Lake City, Utah.
Rocket Dollar offers a self-directed retirement account platform. The company's retirement funds help users to invest in non-traditional assets like startups, peer-to-peer lending, small businesses, and real estate. It was founded in 2018 and is based in Austin, Texas.