HealthEquity reports Q3 EPS 78c, consensus 72c

Reports Q3 revenue $300.4M, consensus $290M. Adjusted EBITDA of $118.2 M, an increase of 24% compared to $95.6 million in Q3 FY24. “Strong third quarter results delivered by Team Purple helped drive HSAs to 9.5 million, HSA Assets to $30 billion, Total Accounts to 16.5 million and quarterly revenue to over $300 million, all quarterly records,” said Jon Kessler, President and CEO of HealthEquity (HQY). “Year to date, we have generated $264 million of cash from operations. This momentum has enabled us to return $60 million of capital to our shareholders via share repurchases, accelerate platform investments, raise our fiscal 2025 guidance, and provide a healthy initial outlook for fiscal year 2026.”