HealthEquity, Inc. (HQY) Quarterly Income Statement

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HealthEquity, Inc. (HQY) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

HQY Income Statement

HealthEquity, Inc. (HQY) annual income statement — 14-year revenue, gross profit & net income history

Metric	Q2'27	Q1'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22

Sales/Revenue	350.73M	354.64M	334.59M	322.16M	325.83M	330.84M	311.82M	300.43M	299.93M	287.6M	262.39M	249.22M	243.55M	244.43M	233.84M	216.09M	206.14M	205.68M	203.3M	179.95M
Revenue Growth %	7.64%	7.19%	7.3%	7.23%	8.64%	15.04%	18.84%	20.55%	23.15%	17.66%	12.21%	15.33%	18.15%	18.84%	15.02%	20.08%	9.01%	11.66%	8.04%	0.34%
Cost of Goods Sold	92.78M	98.33M	25.43M	121.1M	120.24M	133.53M	122.58M	131.76M	126.86M	126M	122.28M	114.02M	115.78M	119.77M	122.76M	112.77M	112.51M	118.2M	121.04M	96.28M
COGS % of Revenue	26.45%	27.73%	7.6%	37.59%	36.9%	40.36%	39.31%	43.86%	42.3%	43.81%	46.6%	45.75%	47.54%	49%	52.5%	52.19%	54.58%	57.47%	59.54%	53.5%
Gross Profit	257.95M	256.31M	309.15M	201.06M	205.59M	197.31M	189.24M	168.68M	173.07M	161.59M	140.1M	135.19M	127.76M	124.66M	111.08M	103.32M	93.63M	87.47M	82.25M	83.68M
Gross Margin %	73.55%	72.27%	92.4%	62.41%	63.1%	59.64%	60.69%	56.14%	57.7%	56.19%	53.4%	54.25%	52.46%	51%	47.5%	47.81%	45.42%	42.53%	40.46%	46.5%
Gross Profit Growth %	25.47%	29.9%	63.36%	19.2%	18.79%	22.1%	35.07%	24.77%	35.46%	29.63%	26.12%	30.85%	36.45%	42.51%	35.05%	23.47%	2.13%	5.01%	0.6%	-2.05%
Operating Expenses	159.26M	153.36M	241.78M	121.21M	114.72M	112.96M	117.71M	114.61M	112.36M	117.82M	98.94M	101.65M	100.98M	98.02M	92.76M	91.27M	88.36M	85.47M	83.12M	70.8M
OpEx % of Revenue	45.41%	43.24%	72.26%	37.62%	35.21%	34.14%	37.75%	38.15%	37.46%	40.97%	37.71%	40.79%	41.46%	40.1%	39.67%	42.24%	42.86%	41.55%	40.89%	39.34%
Selling, General & Admin	58.08M	57.96M	171.43M	55.29M	49.91M	51.52M	53.06M	54.42M	53.78M	61.73M	43.7M	46.03M	46.21M	45.47M	40.03M	42.38M	41.78M	40.29M	37.19M	32.73M
SG&A % of Revenue	16.56%	16.34%	51.24%	17.16%	15.32%	15.57%	17.02%	18.12%	17.93%	21.46%	16.65%	18.47%	18.97%	18.6%	17.12%	19.61%	20.27%	19.59%	18.29%	18.19%
Research & Development	73.92M	67.77M	70.35M	65.92M	64.8M	61.44M	64.65M	60.19M	58.58M	56.09M	55.24M	55.61M	54.77M	53.19M	52.72M	48.89M	46.58M	45.18M	45.93M	38.07M
R&D % of Revenue	21.08%	19.11%	21.03%	20.46%	19.89%	18.57%	20.73%	20.03%	19.53%	19.5%	21.05%	22.32%	22.49%	21.76%	22.55%	22.63%	22.6%	21.97%	22.59%	21.16%
Other Operating Expenses	1000K	1000K	0	0	0	0	0	0	0	0	0	0	0	-644K	0	0	0	0	0	0
Operating Income	98.69M	102.95M	67.37M	79.85M	90.88M	84.35M	71.53M	54.06M	60.71M	43.77M	41.16M	33.55M	26.78M	26.64M	18.33M	12.05M	5.27M	2M	-867K	12.88M
Operating Margin %	28.14%	29.03%	20.14%	24.79%	27.89%	25.5%	22.94%	17.99%	20.24%	15.22%	15.69%	13.46%	11%	10.9%	7.84%	5.58%	2.56%	0.97%	-0.43%	7.16%
Operating Income Growth %	8.6%	22.05%	-5.81%	47.71%	49.7%	92.71%	73.76%	61.16%	126.65%	64.32%	124.63%	178.37%	408.14%	1228.63%	2213.73%	-6.42%	-65.98%	-84.65%	-106.63%	-34.61%
EBITDA	140.65M	115.58M	-48.6M	118.63M	129.33M	123.09M	110.71M	94.78M	104.32M	82.71M	79.08M	56.76M	65.13M	65.68M	58.8M	52.55M	46.01M	41.49M	37.96M	46.42M
EBITDA Margin %	40.1%	32.59%	-14.53%	36.82%	39.69%	37.21%	35.5%	31.55%	34.78%	28.76%	30.14%	22.77%	26.74%	26.87%	25.15%	24.32%	22.32%	20.17%	18.67%	25.8%
EBITDA Growth %	8.75%	-6.1%	-143.9%	25.16%	23.98%	48.82%	40%	66.99%	60.17%	25.93%	34.48%	8.01%	41.55%	58.3%	54.91%	13.2%	-5.22%	-7.44%	-12.73%	-5.4%
D&A (Non-Cash Add-back)	41.95M	12.63M	-115.97M	38.78M	38.45M	38.74M	39.18M	40.72M	43.61M	38.94M	37.91M	23.21M	38.35M	39.04M	40.48M	40.5M	40.74M	39.49M	38.82M	33.55M
EBIT	100.47M	93.33M	62.06M	81.58M	93M	85.81M	45.22M	24.37M	62.04M	45.03M	43.36M	34.63M	27.5M	25.01M	14.31M	5.99M	-2.38M	-7.59M	-33.02M	-1.24M
Net Interest Income	-12.61M	-10.7M	-10.12M	-11.19M	-11.59M	-12.13M	-12.22M	-14.26M	-12.32M	-7.91M	-9.3M	-9.83M	-10.79M	-13.4M	-13.13M	-11.72M	-11.4M	-10.41M	-10.67M	-11.4M
Interest Income	0	1.89M	3.15M	2.86M	3.36M	2.73M	3.03M	3.9M	3.1M	3.88M	4.34M	3.71M	2.48M	1.6M	1.18M	443K	89K	52K	82K	478K
Interest Expense	12.61M	12.59M	13.27M	14.05M	14.96M	14.86M	15.26M	18.16M	15.43M	11.79M	13.64M	13.54M	13.27M	15M	14.3M	12.16M	11.49M	10.46M	10.75M	11.88M
Other Income/Expense	-10.82M	-10.54M	-6.47M	-12.32M	-12.83M	-13.4M	-41.57M	-47.84M	-14.09M	-10.53M	-11.45M	-12.46M	-12.56M	-16.63M	-18.32M	-18.23M	-19.14M	-20.06M	-42.9M	-22M
Pretax Income	87.86M	92.41M	60.9M	67.53M	78.05M	70.95M	29.96M	6.22M	46.62M	33.24M	29.72M	21.09M	14.22M	10.01M	8K	-6.18M	-13.87M	-18.05M	-43.77M	-9.13M
Pretax Margin %	25.05%	26.06%	18.2%	20.96%	23.95%	21.45%	9.61%	2.07%	15.54%	11.56%	11.33%	8.46%	5.84%	4.1%	0%	-2.86%	-6.73%	-8.78%	-21.53%	-5.07%
Income Tax	22.22M	23M	11.16M	15.84M	18.19M	17.04M	3.6M	515K	10.79M	4.43M	3.35M	6.41M	3.64M	5.92M	217K	-4.54M	-3.22M	-4.41M	-10.95M	-4.09M
Effective Tax Rate %	25.29%	24.88%	18.32%	23.46%	23.31%	24.01%	12%	8.28%	23.16%	13.32%	11.28%	30.42%	25.61%	59.11%	2712.5%	73.45%	23.2%	24.44%	25.01%	44.79%
Net Income	65.64M	69.42M	49.74M	51.69M	59.85M	53.91M	26.36M	5.7M	35.82M	28.81M	26.36M	14.67M	10.58M	4.09M	-209K	-1.64M	-10.65M	-13.64M	-32.82M	-5.04M
Net Margin %	18.72%	19.57%	14.87%	16.05%	18.37%	16.3%	8.46%	1.9%	11.94%	10.02%	10.05%	5.89%	4.34%	1.67%	-0.09%	-0.76%	-5.17%	-6.63%	-16.14%	-2.8%
Net Income Growth %	9.67%	28.75%	88.66%	806.4%	67.09%	87.12%	0%	-61.13%	238.55%	603.79%	12714.35%	994.15%	199.31%	130.02%	99.36%	67.43%	-179.05%	-421.57%	-711.48%	-381.61%
Net Income (Continuing)	65.64M	69.42M	49.74M	51.69M	59.85M	53.91M	26.36M	5.7M	35.82M	28.81M	26.36M	14.67M	10.58M	4.09M	-209K	-1.64M	-10.65M	-13.64M	-32.82M	-5.04M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.78	0.82	0.58	0.59	0.68	0.61	0.30	0.06	0.40	0.33	0.30	0.17	0.12	0.05	-0.00	-0.02	-0.13	-0.16	-0.39	-0.06
EPS Growth %	14.71%	34.43%	93.33%	817.57%	70%	84.85%	0%	-62.18%	233.33%	560%	-	976.29%	192.31%	131.25%	99.36%	67.83%	-184.46%	-400%	-657.14%	-401.5%
EPS (Basic)	0.79	0.82	0.59	0.60	0.69	0.62	0.30	0.07	0.41	0.33	0.31	0.17	0.12	0.05	-0.00	-0.02	-0.13	-0.16	-0.39	-0.06
Diluted Shares Outstanding	84.01M	85.01M	87.47M	86.97M	87.75M	88.42M	88.61M	88.63M	88.65M	88.32M	87.44M	87.12M	86.34M	86.1M	84.72M	84.57M	84.44M	84.02M	83.71M	83.55M
Basic Shares Outstanding	83.37M	84.41M	86.13M	86M	86.55M	86.66M	86.7M	87.19M	87.13M	86.47M	85.97M	85.7M	85.53M	85.03M	84.72M	84.57M	81.95M	84.02M	83.71M	83.55M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-