---
schema_version: "secwatch.filing_event.v1"
accession: "0001428336-23-000031"
form_type: "8-K"
ticker: "HQY"
cik: "0001428336"
company_name: "HEALTHEQUITY, INC."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-10T23:52:25.466910+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HealthEquity Q2 revenue $243.5M (+18% YoY), net income $10.6M vs loss, EPS $0.53 non-GAAP

## Summary
- Revenue $243.5M, up 18% YoY from $206.1M; net income $10.6M vs net loss $10.7M in prior year.
- Non-GAAP EPS $0.53, up from $0.33; Adjusted EBITDA $88.1M (+31%), margin 36% vs 33%.
- HSAs 8.2M (+9% YoY); total HSA assets $23.2B (+13%); HSA cash + investments $23.2B.
- FY2024 guidance: revenue $980-990M, non-GAAP EPS $1.97-2.06, Adj. EBITDA $338-348M.
- Record HSA asset growth and 360bps adjusted EBITDA margin expansion YoY.

## SEC filing metadata
- accession: 0001428336-23-000031
- form_type: 8-K
- ticker: HQY
- cik: 0001428336
- company_name: HEALTHEQUITY, INC.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1428336/000142833623000031/0001428336-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1428336/000142833623000031/hqy-20230905.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001428336-23-000031
- JSON: https://secwatch.observer/filing/0001428336-23-000031.json
- Plain text: https://secwatch.observer/filing/0001428336-23-000031.txt

## Key facts
- Earnings Releases
  HEALTHEQUITY, INC. reported the second quarter ended July 31, 2023 results: revenue $243.5 million, net income $10.6 million, EPS $0.12 per diluted share.
  - Period: the second quarter ended July 31, 2023
  - Revenue: $243.5 million
  - Net income: $10.6 million
  - EPS: $0.12 per diluted share
  - Result: reported results
  source text: Reports Second Quarter Ended July 31, 2023 Financial Results Delivers Record HSA Asset Growth, Margin Expansion Highlights of the second quarter include: • Revenue of $243.5 million, an increase of 18% compared to $206.1 million in Q2 FY23. • Net income of $10.6 million, compared to net loss of $10.7 million in Q2 FY23, with non-GAAP net income of $45.6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1428336/000142833623000031/0001428336-23-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.