Strong Year-Over-Year Growth
HealthEquity reported double-digit growth across most key metrics, including a 21% increase in revenue, a 24% increase in adjusted EBITDA, and a 33% increase in HSA assets. Additionally, HSA members grew by 15%, driving total accounts up by 8%.
Raised FY '25 Guidance
The company raised its FY '25 guidance, expecting revenue between $1.185 billion and $1.195 billion, and adjusted EBITDA to be between $470 million and $480 million.
Significant Increase in HSA Investments
The number of HSA members who invest grew by 21%, driving invested assets up 58% to $13.6 billion.
Legislative Advancements
The bipartisan HOPE Act aims to expand access to personal portable health accounts for all Americans with ACA-qualified health insurance. The act has received endorsements from multiple influential organizations.