HEALTHEQUITY, INC. (HQY) Financial Statements — Income, Balance Sheet, Cash Flow

Overview Financials Chart Business Summary Filings Ownership Valuation

Financial Statements — HQY

Balance Sheet

(in billions USD)

Metric	Q2 2027	Q1 2027	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	0.26	0.27	0.31	0.30	0.29	0.32	0.33	0.25	0.33	0.29	0.23	0.21	0.18	0.16	0.65	0.75	0.74	0.30	0.27	0.17
Accounts Receivable	0.12	0.12	0.11	0.11	0.12	0.11	0.11	0.11	0.10	0.09	0.10	0.09	0.09	0.09	0.08	0.07	0.07	0.06	0.07	0.07
Total Current Assets	0.46	0.47	0.50	0.49	0.47	0.50	0.50	0.40	0.47	0.42	0.36	0.33	0.31	0.28	0.76	0.86	0.87	0.40	0.38	0.28
Property, Plant & Equipment	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.04
Goodwill	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.65	1.36	1.36	1.36	1.33	1.33	1.33
Intangible Assets	1.05	1.07	1.12	1.15	1.18	1.23	1.25	1.07	0.86	0.88	0.91	0.96	0.99	1.01	0.82	0.77	0.78	0.78	0.78	0.78
Total Non-current Assets*	2.81	2.84	2.90	2.92	2.94	2.99	3.02	2.84	2.62	2.64	2.68	2.73	2.77	2.79	2.34	2.29	2.30	2.26	2.28	2.28
Total Assets	3.27	3.31	3.40	3.42	3.42	3.49	3.51	3.25	3.09	3.07	3.04	3.06	3.07	3.07	3.10	3.15	3.16	2.66	2.66	2.56
Accounts Payable	0.01	0.01	0.02	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.01	0.02	0.02	0.01	0.01	0.00	0.01	0.01	0.01	0.01
Total Current Liabilities	0.15	0.14	0.12	0.12	0.12	0.15	0.12	0.09	0.10	0.10	0.09	0.11	0.13	0.12	0.11	0.19	0.19	0.15	0.15	0.13
Long-term Debt	0.93	0.94	0.98	1.01	1.06	1.08	1.10	0.93	0.87	0.87	0.87	0.93	0.93	0.93	0.93	0.90	0.91	1.00	1.01	1.21
Total Non-current Liabilities	1.13	1.12	1.14	1.15	1.18	1.21	1.24	1.06	1.01	1.01	1.03	1.07	1.08	1.09	1.12	1.10	1.12	1.15	1.17	1.39
Total Liabilities	1.28	1.26	1.26	1.27	1.29	1.36	1.36	1.15	1.11	1.12	1.12	1.18	1.21	1.21	1.23	1.29	1.31	1.30	1.32	1.52
Retained Earnings	0.16	0.18	0.21	0.23	0.22	0.23	0.27	0.23	0.18	0.16	0.15	0.15	0.15	0.16	0.21	0.21	0.22	0.21	0.21	0.21
Total Stockholder Equity	1.99	2.05	2.13	2.15	2.12	2.12	2.16	2.10	1.99	1.95	1.92	1.88	1.86	1.86	1.87	1.86	1.85	1.36	1.34	1.04

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q2 2027	Q1 2027	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Total Revenue	350.73	354.64	334.59	322.16	325.83	330.84	311.82	300.43	299.93	287.60	262.39	249.22	243.55	244.43	233.84	216.09	206.14	205.68	203.30	179.95
Cost of Revenue	92.78	98.33	106.44	94.10	93.24	106.53	122.77	103.41	95.88	100.46	96.91	90.81	92.62	96.61	99.59	89.23	88.33	94.51	98.00	76.63
Gross Profit	257.95	256.31	228.15	228.06	232.60	224.31	189.04	197.03	204.05	187.14	165.47	158.41	150.93	147.83	134.25	126.86	117.81	111.17	105.30	103.32
Research & Development	73.92	67.77	70.35	65.92	64.80	61.44	64.65	60.19	58.58	56.09	55.24	55.61	54.77	53.19	52.72	48.89	46.58	45.18	45.93	38.07
Selling, General & Admin	34.87	31.13	33.53	30.88	29.99	25.54	29.98	31.79	32.26	38.24	25.29	26.38	27.09	24.89	20.83	25.13	25.94	23.73	20.88	20.00
Total Operating Expenses	159.26	153.36	157.08	149.37	142.98	141.23	146.89	177.40	145.12	145.51	126.59	127.52	126.19	124.65	121.03	121.32	120.22	118.46	132.55	103.69
Operating Income	98.69	102.95	71.07	78.69	89.61	83.08	42.15	19.63	58.93	41.63	38.89	30.89	24.74	23.18	13.22	5.54	(2.41)	(7.29)	(27.25)	(0.37)
Interest Expense	--	--	--	--	--	--	--	--	--	11.80	13.64	13.55	13.27	15.00	14.31	12.17	11.49	10.46	10.75	11.88
Pretax Income	87.87	92.41	60.90	67.53	78.05	70.95	29.96	6.22	46.62	33.24	29.72	21.09	14.22	10.01	0.01	(6.18)	(13.87)	(18.05)	(43.76)	(9.12)
Tax Provision	22.22	23.00	11.16	15.84	18.19	17.04	3.60	0.52	10.79	4.43	3.35	6.41	3.64	5.92	0.22	(4.54)	(3.22)	(4.41)	(10.95)	(4.09)
Net Income	65.64	69.42	49.74	51.69	59.85	53.92	26.37	5.70	35.82	28.81	26.36	14.67	10.58	4.09	(0.21)	(1.64)	(10.65)	(13.64)	(32.82)	(5.04)
Basic EPS	0.79	0.82	0.59	0.60	0.69	0.62	0.30	0.07	0.41	0.33	0.31	0.17	0.12	0.05	0.00	(0.02)	(0.13)	(0.16)	(0.39)	(0.06)
Diluted EPS	0.78	0.82	0.58	0.59	0.68	0.61	0.30	0.06	0.40	0.33	0.30	0.17	0.12	0.05	0.00	(0.02)	(0.13)	(0.16)	(0.39)	(0.06)

Cash Flow Statement

(in millions USD)

Metric	Q2 2027	Q1 2027	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Operating Cash Flow	136.16	97.53	117.92	138.57	135.87	64.74	75.75	90.55	108.13	65.43	77.07	57.11	77.11	31.54	55.49	47.93	40.15	7.08	50.56	22.27
Capital Expenditures	0.98	0.36	0.33	0.78	0.77	0.09	0.33	0.29	0.74	0.72	0.56	0.54	0.46	0.13	0.40	0.59	1.23	1.16	1.62	0.93
Free Cash Flow*	135.18	97.16	117.59	137.79	135.09	64.65	75.42	90.26	107.39	64.71	76.51	56.56	76.65	31.41	55.09	47.35	38.92	5.92	48.93	21.34
Investing Cash Flow	(25.91)	(13.90)	(8.44)	(11.38)	(11.18)	(16.14)	(13.56)	(12.86)	(209.08)	(269.95)	(11.27)	(15.42)	(10.25)	(9.13)	(10.28)	(13.53)	(21.12)	(74.20)	(471.30)	(79.68)
Financing Cash Flow	(119.61)	(137.18)	(99.81)	(122.40)	(108.12)	(56.65)	(88.41)	(82.41)	176.62	51.77	4.12	2.03	(2.15)	(51.03)	(1.15)	(1.09)	(3.39)	2.96	(2.97)	(47.22)

* Derived from reported values