secwatch.observer — SEC 8-K summary
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Issuer:     HEALTHEQUITY, INC. (HQY)
CIK:        0001428336
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001428336-25-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HealthEquity Q2 revenue +9% to $325.8M; net income up 67% to $0.68 EPS; record adjusted EBITDA margin 46%
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- Revenue $325.8M (+9% YoY); net income $59.9M ($0.68 diluted EPS) vs $35.8M ($0.40) in Q2 FY25.
- Non-GAAP net income $94.6M ($1.08 diluted EPS), up 24% from $76.3M ($0.86).
- Adjusted EBITDA $151.1M (+18% YoY), margin 46% vs 43% last year.
- Total HSA accounts 10.0M (+6% YoY, including 782K investment HSAs +10%); total HSA assets $33.1B (+12%).
- FY26 outlook: revenue $1.290B-$1.310B, adjusted EBITDA $540M-$560M, non-GAAP EPS $3.74-$3.91.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1428336/000142833625000028/0001428336-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1428336/000142833625000028/hqy-20250902.htm
  HTML page:      https://secwatch.observer/filing/0001428336-25-000028

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