Healthequity Inc ( (HQY) ) has released its Q4 earnings. Here is a breakdown of the information Healthequity Inc presented to its investors.
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.