HealthEquity Q3 revenue $249M (+15% YoY); net income $14.7M; acquires BenefitWallet HSA portfolio for ~$425M

HEALTHEQUITY, INC.

2024-Q3 EPS reported $0.34 revenue$737,200,000

Revenue $249.2M (+15% YoY); net income $14.7M vs net loss $1.6M prior year.
Non-GAAP net income $52.2M (+61%); adjusted EBITDA $95.6M (+30%), margin 38%.
HSAs 8.3M (+8%), total accounts 15.3M (+5%), HSA assets $22.6B (+12%).
Agreed to acquire BenefitWallet HSA portfolio for ~$425M plus $20M expenses; ~$2.8B assets in 665k accounts; close H1 FY2025.
FY2024 guidance: revenue $985-995M, adj. EBITDA $350-360M; FY2025 revenue ~$1.14-1.16B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HEALTHEQUITY, INC. reported third quarter ended October 31, 2023 results: revenue $249.2 million, net income $14.7 million, EPS $0.17 per diluted share.

Period: third quarter ended October 31, 2023
Revenue: $249.2 million
Net income: $14.7 million
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

in such a filing. --- EX-99.1 (EX-99.1) --- HealthEquity Reports Third Quarter Ended October 31, 2023 Financial Results Highlights of the third quarter include: • Revenue of $249.2 million, an increase of 15% compared to $216.1 million in Q3 FY23. • Net income of $14.7 million, compared to net loss of $1.6 million in Q3 FY23, with non-GAAP net income of $52.2

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HEALTHEQUITY, INC. filing history →

Source: SEC EDGAR

accession 0001428336-23-000036

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