Financials in USD. Standardized financial statements.
A compact view of how HealthEquity, Inc. turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.31B | $1.20B | $999.59M | $861.75M | $756.56M | $733.57M | $531.99M | $287.24M | $229.53M | $178.37M |
| Revenue Growth? | +9.5% | +20.0% | +16.0% | +13.9% | +3.1% | +37.9% | +85.2% | +25.1% | +28.7% | 0.0% |
| Cost of Revenue? | $400.31M | $507.19M | $469.71M | $466.24M | $415.64M | $394.30M | $240.79M | $111.98M | $99.47M | $76.31M |
| Gross Profit? | $913.12M | $692.58M | $529.87M | $395.50M | $340.92M | $339.27M | $291.20M | $175.26M | $130.05M | $102.06M |
| Gross Margin? | +69.5% | +57.7% | +53.0% | +45.9% | +45.1% | +46.2% | +54.7% | +61.0% | +56.7% | +57.2% |
| Operating Expenses? | $590.66M | $462.51M | $401.74M | $357.85M | $300.35M | $259.27M | $182.09M | $97.59M | $75.64M | $60.85M |
| Operating Income? | $322.46M | $230.07M | $128.13M | $37.65M | $40.57M | $80.00M | $109.12M | $77.67M | $54.42M | $41.21M |
| EBITDA? | $322.46M | $337.54M | $282.42M | $171.53M | $102.97M | $154.93M | $123.28M | $94.00M | $68.14M | $54.40M |
| Income Before Tax | $277.43M | $116.03M | $75.04M | -$38.10M | -$66.74M | $4.14M | $43.16M | $75.82M | $52.19M | $40.12M |
| Income Tax Expense | $62.23M | $19.33M | $19.33M | -$11.95M | -$22.45M | -$4.69M | $3.49M | $1.92M | $4.83M | $13.74M |
| Net Income? | $215.20M | $96.70M | $55.71M | -$26.14M | -$44.29M | $8.83M | $39.66M | $73.90M | $47.36M | $26.38M |
| EPS? | $2.50 | $1.11 | $0.65 | $-0.31 | $-0.53 | $0.12 | $0.59 | $1.20 | $0.79 | $0.45 |
| Diluted EPS? | $2.46 | $1.09 | $0.64 | $-0.31 | $-0.53 | $0.12 | $0.58 | $1.17 | $0.77 | $0.44 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality