Record-Breaking HSA Growth
HealthEquity achieved a milestone with 1 million new Health Savings Accounts (HSAs) added from sales for the year, a first in the company's history.
Strong Financial Growth
Revenue increased by 19% year-over-year, and adjusted EBITDA grew by 9% in Q4. For the entire fiscal year, revenue was up 20%, and adjusted EBITDA rose 28%.
Significant Increase in HSA Assets
HSA Assets increased by $6.9 billion year-over-year, with a 27% increase compared to the previous year.
Growth in HSA Investor Accounts
The number of HSA members who invest grew by 23% year-over-year, driving invested assets up 44% to $14.7 billion.
Launch of Assist Portfolio
HealthEquity announced the Assist portfolio, which includes Analyzer and Navigator, aimed at improving member engagement and healthcare decision-making.