earnings
confidence high
sentiment negative
materiality 0.70
HealthEquity Q2 revenue up 9% to $206.1M, net loss widens to $10.7M; guides FY23 revenue $834-844M
HEALTHEQUITY, INC.
2023-Q2 EPS reported
-$0.29
revenue$411,821,000
- Revenue $206.1M (+9% YoY); net loss $10.7M vs $3.8M; non-GAAP net income $28.1M, down 16% from $33.4M.
- Adjusted EBITDA $67.0M (+2% YoY); margin 33% vs 35% last year.
- HSAs grew 26% to 7.5M; total HSA assets $20.5B (+33%); record 196k new HSAs.
- FY2023 guidance: revenue $834-844M; adjusted EBITDA $252-262M; non-GAAP EPS $1.23-1.32.