HQY
$92.03-0.52%
HealthEquity Inc.Stock · HealthcareRussell 2000 0.2%Nasdaq Composite 0.02%Russell 3000 0.01%US Stock Market 0.010%
HQY financial statements
The full income statement, balance sheet, and cash-flow statement for HealthEquity Inc. (HQY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-07 87.3M2024-10 86.7M2025-01 86.5M2025-04 86.5M2025-07 86.2M2025-10 85.4M2026-01 84.5M2026-04 83.6M2026-07 82.7M-5.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofJan 31 ’26 | as ofJan 31 ’25 | as ofJan 31 ’24 | as ofJan 31 ’23 | as ofJan 31 ’22 | |
| Revenue | 1.31B+9.5% | 1.20B+20.0% | 1000M+16.0% | 862M+13.9% | 757M+3.1% | |
| 913M+17.5% | 777M+24.8% | 623M+26.6% | 492M+15.8% | 425M+2.3% | ||
| Cost of revenue | 400M-5.3% | 423M+12.1% | 377M+1.9% | 370M+11.5% | 332M+4.3% | |
| 591M-3.9% | 615M+21.8% | 505M+4.6% | 483M+7.5% | 449M+17.7% | ||
| Research & development | 263M+9.6% | 240M+9.5% | 219M+13.2% | 193M+22.9% | 157M+26.1% | |
| Selling, general & administrative | 120M-9.3% | 132M+27.6% | 104M+6.3% | 97.5M+14.1% | 85.4M+1.1% | |
| General & administrative | 120M-9.3% | 132M+27.6% | 104M+6.3% | 97.5M+14.1% | 85.4M+1.1% | |
| Selling & marketing | 95.2M+5.0% | 90.7M+14.5% | 79.3M+15.1% | 68.8M+17.5% | 58.6M+17.3% | |
| Amortization of intangibles | 153M-3.2% | 158M+9.4% | 144M-3.1% | 149M+21.6% | 123M+22.6% | |
| Provision for credit losses | 800K+300.0% | 200K-88.2% | 1.70M-19.0% | 2.10M-36.4% | 3.30M-2.9% | |
| Operating income | 322M+98.6% | 162M+37.9% | 118M+1199.5% | 9.06M+137.4% | -24.2M-171.3% | |
| Interest expense | 57.1M-5.8% | 60.6M+9.3% | 55.5M+14.5% | 48.4M+32.4% | 36.6M+4.8% | |
| Other non-operating income | 12.1M-15.5% | 14.3M+12.0% | 12.8M+906.8% | 1.27M+121.4% | -5.93M-218.5% | |
| Gain (loss) on equity securities | — | — | 0.00 | 0.00-100.0% | 1.69M | |
| Pre-tax income | 277M+139.1% | 116M+54.6% | 75.0M+297.0% | -38.1M+42.9% | -66.7M-1712.1% | |
| Income tax | 62.2M+221.9% | 19.3M+0.0% | 19.3M+261.7% | -12.0M+46.8% | -22.5M-378.3% | |
| Net income | 215M+122.5% | 96.7M+73.6% | 55.7M+313.1% | -26.1M+41.0% | -44.3M-601.3% | |
| $2.46+125.7% | $1.09+70.3% | $0.64+306.5% | -$0.31+41.5% | -$0.53-541.7% | ||
| EPS (basic) | $2.50+125.2% | $1.11+70.8% | $0.65+309.7% | -$0.31+41.5% | -$0.53-541.7% | |
| Weighted-avg shares (basic) | 86.1M-0.8% | 86.9M+1.5% | 85.6M+1.3% | 84.4M+1.6% | 83.1M+12.0% | |
| Weighted-avg shares (diluted) | 87.5M-1.5% | 88.8M+2.2% | 87.0M+3.0% | 84.4M+1.6% | 83.1M+9.8% | |
| Balance Sheet | as ofJan 31 ’26 | as ofJan 31 ’25 | as ofJan 31 ’24 | as ofJan 31 ’23 | as ofJan 31 ’22 | |
| 512M+7.2% | 478M-14.3% | 557M+45.6% | 383M+9.0% | 351M-23.7% | ||
| Cash & equivalents | 319M+7.8% | 296M-26.7% | 404M+58.9% | 254M+12.8% | 225M-31.4% | |
| Accounts receivable | 124M+4.8% | 118M+12.5% | 105M+8.3% | 96.8M+10.8% | 87.4M+20.1% | |
| Prepaid expenses | 69.7M+9.2% | 63.8M | — | — | — | |
| Other current assets | — | 63.8M+31.4% | 48.6M+52.8% | 31.8M-17.4% | 38.5M-34.3% | |
| 3.38B-2.0% | 3.45B+9.0% | 3.16B+2.4% | 3.09B-0.6% | 3.11B+14.6% | ||
| Property, plant & equipment | 3.18M-1.9% | 3.24M-46.1% | 6.01M-53.2% | 12.9M-45.0% | 23.4M-19.7% | |
| Operating lease right-of-use | 36.3M-15.9% | 43.2M-10.7% | 48.4M-14.3% | 56.5M-11.2% | 63.6M-28.9% | |
| Goodwill | 1.65B+0.0% | 1.65B+0.0% | 1.65B+0.0% | 1.65B+0.1% | 1.65B+24.0% | |
| Intangible assets | 1.10B-8.9% | 1.20B+44.1% | 836M-10.7% | 936M-3.8% | 973M+26.9% | |
| Other non-current assets | 83.2M+16.3% | 71.6M+5.5% | 67.9M+30.1% | 52.2M+4.8% | 49.8M+33.1% | |
| 157M+0.3% | 156M+33.5% | 117M-10.7% | 131M-14.4% | 153M-25.2% | ||
| Accounts payable | 12.2M-15.3% | 14.4M+19.3% | 12.0M-13.4% | 13.9M-49.5% | 27.5M+1606.4% | |
| Accrued liabilities | 74.4M+18.8% | 62.6M+36.0% | 46.0M+5.4% | 43.7M-24.2% | 57.6M-24.1% | |
| Short-term & current debt | 0.00 | 0.00 | 0.00-100.0% | 17.5M+100.0% | 8.75M-86.0% | |
| Current lease liability | 9.91M-0.9% | 10.0M+6.3% | 9.40M-7.4% | 10.2M-16.5% | 12.2M-13.3% | |
| 1.27B-4.5% | 1.33B+18.1% | 1.13B-5.4% | 1.19B-4.9% | 1.25B-5.8% | ||
| Long-term debt | 957M-9.4% | 1.06B+20.7% | 875M-3.6% | 908M-1.5% | 922M-0.2% | |
| Non-current lease liability | 34.2M-19.0% | 42.2M-13.4% | 48.8M-17.3% | 59.0M-9.6% | 65.2M-12.1% | |
| Operating lease liability (total) | 44.1M-15.5% | 52.2M-10.2% | 58.2M-15.9% | 69.1M-10.7% | 77.4M-12.3% | |
| Deferred tax liabilities | 93.7M+67.8% | 55.8M-18.7% | 68.7M-16.9% | 82.7M-17.2% | 99.8M-16.6% | |
| Other non-current liabilities | 31.0M+35.0% | 23.0M+19.2% | 19.3M+51.6% | 12.7M-10.4% | 14.2M+61.0% | |
| Total non-current liabilities | 1.12B-5.2% | 1.18B+16.4% | 1.01B-4.8% | 1.06B-3.6% | 1.10B-2.3% | |
| 2.11B-0.4% | 2.11B+3.9% | 2.04B+7.4% | 1.90B+2.3% | 1.85B+34.4% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 8.00K-11.1% | 9.00K+0.0% | 9.00K+12.5% | 8.00K+0.0% | 8.00K+0.0% | |
| Additional paid-in capital | 1.92B+0.6% | 1.91B+4.2% | 1.83B+4.8% | 1.75B+4.1% | 1.68B+44.7% | |
| Retained earnings | 196M-6.4% | 209M+1.8% | 206M+37.2% | 150M-14.8% | 176M-20.1% | |
| Accumulated other comprehensive income | -5.71M | 0.00 | — | — | — | |
| Total liabilities & equity | 3.38B-2.0% | 3.45B+9.0% | 3.16B+2.4% | 3.09B-0.6% | 3.11B+14.6% | |
| Common shares issued | 85.0M-1.8% | 86.5M+0.5% | 86.1M+1.6% | 84.8M+1.2% | 83.8M+8.6% | |
| Common shares outstanding | 85.0M-1.8% | 86.5M+0.5% | 86.1M+1.6% | 84.8M+1.2% | 83.8M+8.6% | |
| Shares outstanding (cover) | 84.5M-2.3% | 86.5M+0.4% | 86.2M+1.6% | 84.8M+1.1% | 83.8M+1.0% | |
| Cash Flow | as ofJan 31 ’26 | as ofJan 31 ’25 | as ofJan 31 ’24 | as ofJan 31 ’23 | as ofJan 31 ’22 | |
| 457M+34.5% | 340M+40.0% | 243M+61.2% | 151M+6.8% | 141M-22.4% | ||
| Depreciation & amortization | 155M-4.8% | 162M+6.1% | 153M-5.0% | 161M+17.5% | 137M+18.4% | |
| Intangible amortization | 153M-3.2% | 158M+9.4% | 144M-3.1% | 149M+21.6% | 123M+22.6% | |
| Share-based compensation | 73.1M-24.2% | 96.4M+25.0% | 77.2M+23.2% | 62.6M+18.7% | 52.8M+23.1% | |
| Deferred income taxes | 39.8M+409.9% | -12.8M+8.3% | -14.0M+18.5% | -17.2M+26.3% | -23.3M-354.3% | |
| Change in receivables | 5.69M-56.6% | 13.1M+62.7% | 8.06M-15.8% | 9.57M-14.6% | 11.2M+2612.8% | |
| -47.1M+90.7% | -505M-997.0% | -46.1M+61.3% | -119M+81.4% | -639M-559.3% | ||
| Capital expenditure | 1.97M-5.5% | 2.08M+23.0% | 1.69M-49.7% | 3.37M-62.2% | 8.91M-32.0% | |
| Free cash flow | 455M+34.7% | 338M+40.1% | 241M+63.7% | 147M+11.5% | 132M-21.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 505M | |
| Purchases of investments | — | — | — | — | 0.00 | |
| -387M-772.2% | 57.6M+222.4% | -47.0M-1661.1% | -2.67M-100.7% | 395M+653.2% | ||
| Long-term debt issued | 0.00-100.0% | 737M | 0.00 | 0.00-100.0% | 950M | |
| Long-term debt repaid | 100M-82.2% | 562M+933.3% | 54.4M+521.4% | 8.75M-99.1% | 1.00B+319.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 457M+59.2% | |
| Common stock repurchased | 299M+146.3% | 121M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 23.0M+121.3% | -108M-172.2% | 150M+418.9% | 28.9M+127.9% | -103M-175.4% | |
| Interest paid | 52.2M-10.8% | 58.6M+18.2% | 49.6M+13.7% | 43.6M+170.5% | 16.1M-41.8% | |
| Income taxes paid | 8.04M-69.2% | 26.1M-26.3% | 35.4M+2216.6% | 1.53M+127.1% | -5.63M+6.5% | |
| Valuation Ratios | as ofJan 31 ’26 | as ofJan 31 ’25 | as ofJan 31 ’24 | as ofJan 31 ’23 | as ofJan 31 ’22 | |
| Market cap | 7.32B-23.4% | 9.55B+46.7% | 6.51B+26.2% | 5.16B+15.2% | 4.48B-30.4% | |
| P/E | 38.2×-61.4% | 98.8×-15.5% | 116.9× | — | — | |
| P/S | 5.7×-28.8% | 8.0×+22.2% | 6.5×+8.8% | 6.0×+1.1% | 5.9×-31.3% | |
| P/B | 3.4×-24.1% | 4.5×+41.1% | 3.2×+17.6% | 2.7×+12.6% | 2.4×-49.1% | |
| P/FCF | 17.7×-37.3% | 28.3×+4.7% | 27.0×-22.9% | 35.0×+3.3% | 33.9×-27.2% | |
| Earnings yield | 2.6%+158.8% | 1.0%+18.3% | 0.86% | — | — | |
| FCF yield | 5.6%+59.5% | 3.5%-4.5% | 3.7%+29.7% | 2.9%-3.2% | 2.9%+37.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: HQY’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HQY filings on SEC EDGAR → Not investment advice.