HealthEquity, Inc. (HQY)

HealthEquity Income Statement

Financials in millions USD. Fiscal year is February - January.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	1,200	999.59	861.75	756.56	733.57
Revenue Growth (YoY)	20.03%	16.00%	13.90%	3.13%	37.89%
Cost of Revenue	422.52	376.95	369.81	331.79	318.24
Gross Profit	777.26	622.64	491.94	424.77	415.33
Selling, General & Admin	223	182.93	166.32	144.04	134.46
Research & Development	239.51	218.81	193.38	157.36	124.81
Operating Expenses	574.39	494.5	454.28	384.2	335.33
Operating Income	202.87	128.13	37.65	40.57	80
Interest Expense	-60.63	-55.46	-48.42	-36.57	-34.88
Interest & Investment Income	13.91	12.14	1.76	1.5	1.05
Other Non Operating Income (Expenses)	0.42	0.66	-0.44	1.71	5.08
EBT Excluding Unusual Items	156.57	85.48	-9.45	7.2	51.25
Merger & Restructuring Charges	-40.54	-10.44	-28.65	-75.64	-47.11
Gain (Loss) on Sale of Investments	-	-	-	1.69	-
Pretax Income	116.03	75.04	-38.1	-66.74	4.14
Income Tax Expense	19.33	19.33	-11.95	-22.45	-4.69
Net Income	96.7	55.71	-26.14	-44.29	8.83
Net Income to Common	96.7	55.71	-26.14	-44.29	8.83
Net Income Growth	73.58%	-	-	-	-77.73%
Shares Outstanding (Basic)	87	86	84	83	74
Shares Outstanding (Diluted)	89	87	84	83	76
Shares Change (YoY)	2.15%	2.98%	1.57%	9.85%	10.56%
EPS (Basic)	1.11	0.65	-0.31	-0.53	0.12
EPS (Diluted)	1.09	0.64	-0.31	-0.53	0.12
EPS Growth	70.31%	-	-	-	-79.48%
Free Cash Flow	337.77	241.13	147.28	132.09	168.53
Free Cash Flow Per Share	3.80	2.77	1.74	1.59	2.23
Gross Margin	64.78%	62.29%	57.09%	56.15%	56.62%
Operating Margin	16.91%	12.82%	4.37%	5.36%	10.91%
Profit Margin	8.06%	5.57%	-3.03%	-5.85%	1.20%
Free Cash Flow Margin	28.15%	24.12%	17.09%	17.46%	22.97%
EBITDA	365.32	281.21	198.85	177.76	195.91
EBITDA Margin	30.45%	28.13%	23.08%	23.49%	26.71%
D&A For EBITDA	162.45	153.08	161.2	137.19	115.9
EBIT	202.87	128.13	37.65	40.57	80
EBIT Margin	16.91%	12.82%	4.37%	5.36%	10.91%
Effective Tax Rate	16.66%	25.76%	-	-	-
Revenue as Reported	1,200	999.59	861.75	756.56	733.57

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q