secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHEQUITY, INC. (HQY)
CIK:        0001428336
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001428336-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HealthEquity Q1 revenue $287.6M (+18% YoY), net income $28.8M; raises FY25 outlook
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- Revenue $287.6M, up 18% YoY; net income $28.8M ($0.33 diluted EPS) vs $4.1M ($0.05) in Q1 FY24.
- Non-GAAP net income $70.3M ($0.80 per diluted share), up 64% YoY; Adjusted EBITDA $117.4M (41% of revenue), up 36% YoY.
- HSAs grew 13% to 9.1M; total HSA assets $27.3B (+22% YoY); total accounts 16.0M (+7%).
- Completed BenefitWallet HSA portfolio acquisition on May 9, 2024 for $425M, funded with revolver and cash.
- FY2025 guidance raised: revenue $1.16B-$1.18B; Adjusted EBITDA $454M-$474M; non-GAAP EPS $2.93-$3.10.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428336/000142833624000035/0001428336-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428336/000142833624000035/hqy-20240603.htm
  HTML page:      https://secwatch.observer/filing/0001428336-24-000035

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