Healthequity Inc ( (HQY) ) has released its Q4 earnings. Here is a breakdown of the information Healthequity Inc presented to its investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
HealthEquity, Inc., based in Draper, Utah, is the largest health savings account (HSA) custodian in the United States, providing consumer-directed benefits in partnership with employers and health plan providers. The company recently reported its financial results for the fiscal year and fourth quarter ended January 31, 2025.
HealthEquity posted a strong fiscal year with a 20% increase in revenue, reaching $1.20 billion. The company also saw a significant rise in net income, which increased by 74% to $96.7 million. Notably, the company completed the acquisition of the BenefitWallet HSA portfolio and repurchased 1.4 million shares of its common stock.
Key financial highlights include a 28% increase in adjusted EBITDA to $471.8 million and a 14% growth in HSAs, totaling 9.9 million accounts. The company also reported a 27% increase in total HSA assets, reaching $32.1 billion. For the fourth quarter, revenue increased by 19% to $311.8 million, with adjusted EBITDA rising by 9%.
Looking ahead, HealthEquity’s management anticipates continued growth, projecting revenues between $1.280 billion and $1.305 billion for the fiscal year ending January 31, 2026. The company expects net income to range from $164 million to $179 million, with adjusted EBITDA projected between $525 million and $545 million.