---
schema_version: "secwatch.filing_event.v1"
accession: "0001428336-25-000008"
form_type: "8-K"
ticker: "HQY"
cik: "0001428336"
company_name: "HEALTHEQUITY, INC."
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T13:29:51.001555+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HealthEquity FY25 revenue $1.2B (+20% YoY); net income up 74%; guides FY26 above consensus

## Summary
- FY25 revenue $1.20B (+20% YoY); net income $96.7M ($1.09 dilution) vs $55.7M; adjusted EBITDA $471.8M (+28%).
- Q4 revenue $311.8M (+19%); net income $26.4M (flat); adj. EBITDA $107.8M (+9%).
- HSAs grew 14% to 9.9M; total HSA assets $32.1B (+27%); acquired BenefitWallet portfolio for $425M.
- FY26 guidance: revenue $1.28-$1.305B, non-GAAP EPS $3.57-$3.74, adj. EBITDA $525M-$545M.
- Repurchased 1.4M shares for $122.2M; $177.8M remaining under buyback.

## SEC filing metadata
- accession: 0001428336-25-000008
- form_type: 8-K
- ticker: HQY
- cik: 0001428336
- company_name: HEALTHEQUITY, INC.
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: earnings
- 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/1428336/000142833625000008/0001428336-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000008/hqy-20250318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001428336-25-000008
- JSON: https://secwatch.observer/filing/0001428336-25-000008.json
- Plain text: https://secwatch.observer/filing/0001428336-25-000008.txt

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