secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHEQUITY, INC. (HQY)
CIK:        0001428336
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001428336-24-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HealthEquity Q2 revenue up 23% to $299.9M; EPS $0.40; raises guidance, $300M buyback
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- Revenue $299.9M, +23% YoY; net income $35.8M ($0.40 diluted EPS) vs $10.6M ($0.12) last year.
- Non-GAAP net income $76.3M ($0.86 diluted) vs $45.6M ($0.53); Adj. EBITDA $128.3M (43% margin) vs $88.1M (36%).
- HSA accounts 9.4M (+15% YoY); total HSA Assets $29.5B (+27%).
- New $300M stock repurchase program authorized by Board.
- Guidance raised: FY2025 revenue $1.165B-$1.185B; Adj. EBITDA $458M-$478M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428336/000142833624000101/0001428336-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428336/000142833624000101/hqy-20240903.htm
  HTML page:      https://secwatch.observer/filing/0001428336-24-000101

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