---
schema_version: "secwatch.filing_event.v1"
accession: "0001428336-25-000035"
form_type: "8-K"
ticker: "HQY"
cik: "0001428336"
company_name: "HEALTHEQUITY, INC."
filed_at: "2025-12-03T23:59:59+00:00"
generated_at: "2026-05-16T15:09:31.452662+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# HealthEquity Q3 revenue $322M (+7%); net income $0.59 EPS; FY2026 guidance reaffirmed

## Summary
- Revenue $322.2M, up 7% YoY; custodial $159.1M, service $120.3M, interchange $42.8M.
- GAAP net income $51.7M ($0.59 diluted EPS) vs $5.7M ($0.06) a year ago.
- Non-GAAP EPS $1.01 (up 29% YoY); Adjusted EBITDA $141.8M (+20%), margin 44% of revenue.
- Total HSA Assets $34.4B (+15%); HSAs 10.1M (+6%); client-held funds $0.8B.
- FY2026 outlook: revenue $1.302-1.312B, non-GAAP EPS $3.87-3.95, Adj. EBITDA $555-565M.

## SEC filing metadata
- accession: 0001428336-25-000035
- form_type: 8-K
- ticker: HQY
- cik: 0001428336
- company_name: HEALTHEQUITY, INC.
- filed_at: 2025-12-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000035/0001428336-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1428336/000142833625000035/hqy-20251203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001428336-25-000035
- JSON: https://secwatch.observer/filing/0001428336-25-000035.json
- Plain text: https://secwatch.observer/filing/0001428336-25-000035.txt

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