other material
confidence high
sentiment positive
materiality 0.75
HealthEquity reports 14% HSA growth to 9.9M, $32.1B in assets, affirms FY25/FY26 outlook
HEALTHEQUITY, INC.
- Total HSAs reached 9.9M as of Jan 31, 2025, up 14% YoY from 8.7M.
- HSA Assets grew 27% YoY to $32.1B ($17.4B cash, $14.7B investments).
- New HSAs from sales YTD: 1,040,000 (+10% YoY); total accounts 17.0M (+9%).
- Affirms FY2025 and FY2026 outlook previously issued Dec 9, 2024; Q4 FY2025 earnings call set for Mar 18, 2025.
- Provides HSA cash repricing schedule: $2.3B expected to reprice in FY2026 at 2.5% avg yield.