secwatch.observer — SEC 8-K summary
======================================

Issuer:     HEALTHEQUITY, INC. (HQY)
CIK:        0001428336
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001428336-23-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428336/000142833623000036/0001428336-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428336/000142833623000036/hqy-20231205.htm
  HTML page:      https://secwatch.observer/filing/0001428336-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer