Healthequity Inc ( (HQY) ) has released its Q2 earnings. Here is a breakdown of the information Healthequity Inc presented to its investors.
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HealthEquity, Inc. is a leading provider of health savings accounts (HSAs) and other consumer-directed benefits, partnering with employers and health plan providers to empower healthcare consumers with financial tools and resources.
In its latest earnings report for the second quarter ended July 31, 2025, HealthEquity, Inc. announced a revenue increase of 9% to $325.8 million and a significant rise in net income by 67% to $59.9 million compared to the same period last year. The company also reported a record adjusted EBITDA of $151.1 million, reflecting an 18% increase.
Key financial highlights include a 70% increase in net income per diluted share to $0.68 and a 26% rise in non-GAAP net income per diluted share to $1.08. The company also saw a 6% growth in health savings accounts (HSAs) to 10 million and a 12% increase in total HSA assets to $33.1 billion. Additionally, HealthEquity repurchased 0.7 million shares of its common stock for $66 million.
Looking ahead, HealthEquity’s management remains optimistic, projecting revenues between $1.290 billion and $1.310 billion for the fiscal year ending January 31, 2026. The company expects net income to range from $185 million to $200 million, with an adjusted EBITDA forecasted between $540 million and $560 million.
With a strong financial performance and a positive outlook, HealthEquity continues to position itself as a key player in the healthcare financial services sector, driven by legislative support and growing consumer demand for HSAs.