Healthequity Inc (OQ:HQY)
Business Focus: Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 15 W Scenic Pointe Dr Ste 100 DRAPER UT 84020-6120 |
| Tel: | 1-801-7271209 |
| Website: | https://healthequity.com |
| IR: | See website |
| Key People | ||
| Jon Kessler President, Chief Executive Officer, Director | Stephen D. Neeleman Vice Chairman of the Board, Founder | James M. Lucania Chief Financial Officer, Executive Vice President |
| Elimelech Rosner Executive Vice President, Chief Technology Officer | Delano W. Ladd Executive Vice President, General Counsel, Corporate Secretary | |
| Business Overview |
| HealthEquity, Inc. is engaged in providing technology-enabled services that help consumers make healthcare savings and spending decisions. The Company uses its technology to manage consumers' tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), and to administer Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter and other benefits. It offers a mutual fund investment platform and access to an online-only automated investment advisory service to all its members. It offers multiple cloud-based platforms, accessed by its members online via a desktop or mobile device, through which individuals can make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings and make investment choices. |
| Financial Overview |
| For the fiscal year ended 31 January 2024, Healthequity Inc revenues increased 16% to $999.6M. Net income totaled $55.7M vs. loss of $26.1M. Revenues reflect Custodial revenue increase of 37% to $386.6M, Service revenue increase of 6% to $455.7M, Interchange revenue increase of 6% to $157.3M. Net Income reflects Merger integration decrease of 64% to $10.4M (expense), Interest income increase from $1.8M to $12.1M (income). |
| Employees: | 3,126 as of Jan 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7,136M as of Jan 31, 2024 |
| Annual revenue (TTM): | $999.59M as of Jan 31, 2024 |
| EBITDA (TTM): | $281.23M as of Jan 31, 2024 |
| Net annual income (TTM): | $55.71M as of Jan 31, 2024 |
| Free cash flow (TTM): | $196.75M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $470.99M as of Jan 31, 2024 |
| Shares outstanding: | 86,158,631 as of Mar 13, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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