HQY

HealthEquity Inc

HQY.US healthequity.com + Research + Basket
CIK 0001428336
Employees 2,814
Phone 801 727 1000
Fiscal year end January
IPO Jul 31, 2014
Address 15 West Scenic Pointe Drive, Draper, UT, United States, 84020
103.46
-5.38 (-4.94%)
USD · NASDAQ
52-week range
72.76
110.26
Trading at 82% of the 52-week range
Market Cap
9.00B
P/E Ratio
39.29
Forward P/E
18.83
Book Value
24.00
Div. Yield
N/A
% Institutions
111.05%
% Insiders
2.17%

1 Year

+9.6%

3 Year

+54.0%

10 Year

+227.2%
Description

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace. It serves clients through a direct sales force; and brokers and advisors, a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.

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People

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Directors & Officers

Name Title Year Born
Mr. Scott R. Cutler J.D. CEO, President & Director 1970
Dr. Stephen D. Neeleman M.D. Founder & Vice Chairman 1968
Mr. James M. Lucania CFO & Executive VP 1979
Mr. Delano Ladd J.D. Executive VP, General Counsel & Secretary 1981
Mr. Richard Putnam Vice President of Investor Relations NA
Ms. Stacey Ullrich Senior Vice President of Corporate Communications NA
Mr. Steve Lindsay Executive Vice President of Sales & Relationship Management NA
Mr. Brad Bennion Executive Vice President of Corporate Development & Strategy NA
Mr. Mukund Ramachandran Chief Marketing Officer NA
Ms. Cheryl King Executive VP & Chief People Officer NA

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Dec 19, 2025 Delano Ladd N/A Sale 1.50K $94.72 $142.08K SEC
Dec 18, 2025 Elimelech Rosner N/A Sale 10.96K $95.45 $1.05M SEC
Nov 20, 2025 Delano Ladd N/A Sale 1.50K $104.56 $156.84K SEC
Oct 20, 2025 Delano Ladd N/A Sale 1.50K $92.07 $138.11K SEC
Oct 07, 2025 Michael Henry Fiore N/A Sale 1.78K $88.21 $157.10K SEC
Sep 19, 2025 Delano Ladd N/A Sale 6.00K $94.11 $564.66K SEC
Jul 07, 2025 Michael Henry Fiore N/A Sale 1.79K $101.73 $182.50K SEC
Jun 17, 2025 Lisa C. McClain N/A Sale N/A $100.01 N/A —
Jun 16, 2025 Gilbert Ray Cisneros, Jr. N/A Sale N/A $101.08 N/A —
Jun 11, 2025 Lisa C. McClain N/A Purchase N/A $104.56 N/A —
Jun 06, 2025 Elimelech Rosner N/A Sale 58.00K $112.56 $6.53M SEC
Jun 06, 2025 Jon Kessler N/A Sale 134.18K $112.08 $15.04M SEC
Jun 06, 2025 Jon Kessler N/A Sale 97.77K $112.05 $10.95M SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 11.28M Jun 30, 2026 13.63% $0.02 7.08%
Wasatch Advisors LP 7.96M Jun 30, 2026 9.62% $4.71 10.52%
Morgan Stanley - Brokerage Accounts 4.55M Jun 30, 2026 5.50% $0.02 82.92%
Vanguard Portfolio Management, LLC 4.06M Jun 30, 2026 4.91% $0.02 -2.54%
Vanguard Capital Management, LLC 3.64M Jun 30, 2026 4.40% $0.01 -4.79%
State Street Corp 3.24M Jun 30, 2026 3.92% $0.01 4.55%
Geode Capital Management, LLC 2.37M Jun 30, 2026 2.87% $0.01 5.08%
AQR Capital Management LLC 2.00M Jun 30, 2026 2.42% $0.06 -4.45%
Dimensional Fund Advisors, Inc. 1.87M Jun 30, 2026 2.26% $0.03 14.87%
William Blair Investment Management, LLC 1.77M Jun 30, 2026 2.14% $0.48 6.85%
FMR Inc 1.54M Jun 30, 2026 1.86% $0.01 35.55%
Brown Advisory Holdings Inc 1.37M Jun 30, 2026 1.66% $0.19 -2.84%
ClearBridge Advisors, LLC 1.30M Jun 30, 2026 1.57% $0.10 -1.01%
Charles Schwab Investment Management Inc 1.19M Jun 30, 2026 1.44% $0.01 1.15%
Greenhouse Funds LLLP 1.18M Jun 30, 2026 1.43% $5.46 -5.95%
JPMorgan Chase & Co 1.16M Jun 30, 2026 1.40% $0.01 -2.08%
Geneva Capital Management 1.15M Jun 30, 2026 1.39% $2.38 -2.08%
Bank of America Corp 1.15M Jun 30, 2026 1.39% $0.01 33.03%
Davenport & Company LLC 1.09M Jun 30, 2026 1.31% $0.48 7.07%
Northern Trust Corp 1.07M Jun 30, 2026 1.30% $0.01 3.47%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Mid-Cap ETF 3.00M 3.63% ▲ 0.09% Oct 29, 2026
2 Vanguard MStar Total Stk Mkt Idx Invest 2.48M 3.00% ▼ 1.78% Sep 30, 2026
3 Wasatch Core Growth 2.23M 2.69% ▲ 19.70% Jun 30, 2026
4 iShares Russell 2000 ETF 2.13M 2.58% ▼ 0.41% Oct 29, 2026
5 Vanguard Small Cap Index 1.77M 2.14% ▼ 3.16% Sep 30, 2026
6 Eaton Vance Atlanta Capital SMID-Cap I 1.58M 1.91% ▲ 8.24% Aug 31, 2026
7 Vanguard MStar Small Cap Growth Indx Inv 982.65K 1.19% ▼ 6.33% Sep 30, 2026
8 Fidelity Small Cap Index 927.27K 1.12% ▲ 0.82% Jul 31, 2026
9 iShares Russell 2000 Growth ETF 791.29K 0.96% ▲ 0.25% Oct 29, 2026
10 Wasatch Small Cap Growth Investor 752.08K 0.91% ▲ 9.21% Jun 30, 2026

Financial Highlights

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Market Cap: $9.00B
EBITDA: $513.61M
P/E Ratio: $39.29
PEG Ratio: $1.26
Book Value: $24.00
Earnings/Share: $2.77
Profit Margin: 17.36%
Operating Margin: 28.42%
ROA (TTM): 6.65%
ROE (TTM): 11.43%
Revenue (TTM): $1.36B
Revenue/Share (TTM): $16.07
Earnings Growth (YOY): 14.70%
Revenue Growth (YOY): 7.60%

Valuation Metrics

Enterprise Value: $9.16B
Trailing P/E: 39.29
Forward P/E: 18.83

Shares Statistics

Shares Outstanding: 82.72M
Shares Float: 80.97M
% Insiders: 2.17%
% Institutions: 111.05%
Shares Short: 5.94M
Shares Short (Prior Month): 5.99M
Short Ratio: 6.60
Short % Float: 9.54%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$1.31B
Cost of Goods Sold
adjust
$-400.31M
Gross Profit
subtotal
$913.12M
SG&A
adjust
$-232.91M
R&D
adjust
$-262.51M
Other Operating Expense
adjust
$-95.24M
Operating Income
subtotal
$322.46M
Other / Non-Operating Items
adjust
$-107.26M
Net Income
subtotal
$215.20M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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