HealthEquity reports record HSA sales: 9.8M HSAs, $31B assets, nearly 1M new HSAs

HEALTHEQUITY, INC.

Estimated HSAs 9.8M as of Jan 31, 2025, up from 8.7M a year ago (12.6% growth).
HSA Assets ~$31B vs $25.2B in FY2024, with ~$17B in HSA Cash; invested balances subject to market fluctuation.
Total Accounts ~17M, up from 15.7M (8.3% growth).
Record New HSAs from Sales of nearly 1M, driven by over 200 Network Partners (health/retirement plan partners, brokers, advisors).
CEO Scott Cutler cites strong new logo growth; positioned for continued growth in FY26.

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