---
schema_version: "secwatch.filing_event.v1"
accession: "0001428336-25-000004"
form_type: "8-K"
ticker: "HQY"
cik: "0001428336"
company_name: "HEALTHEQUITY, INC."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T15:38:14.882627+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HealthEquity reports 14% HSA growth to 9.9M, $32.1B in assets, affirms FY25/FY26 outlook

## Summary
- 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.

## SEC filing metadata
- accession: 0001428336-25-000004
- form_type: 8-K
- ticker: HQY
- cik: 0001428336
- company_name: HEALTHEQUITY, INC.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000004/0001428336-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000004/hqy-20250218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001428336-25-000004
- JSON: https://secwatch.observer/filing/0001428336-25-000004.json
- Plain text: https://secwatch.observer/filing/0001428336-25-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.