HEALTHEQUITY, INC.
Financial highlights
| Metric | FY 01/31/26 | FY 01/31/25 | FY 01/31/24 | FY 01/31/23 | FY 01/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.3B | $1.2B | $999.6M | $861.7M | $756.6M |
| Cost of revenue | $400.3M | $422.5M | $376.9M | $369.8M | $331.8M |
| Gross profit | $913.1M | $777.3M | $622.6M | $491.9M | $424.8M |
| Research and development | $262.5M | $239.5M | $218.8M | $193.4M | $157.4M |
| Operating expenses | $590.7M | $614.9M | $504.9M | $482.9M | $449.0M |
| Operating income | $322.5M | $162.3M | $117.7M | $9.1M | -$24.2M |
| Interest expense | $57.1M | $60.6M | $55.5M | $48.4M | $36.6M |
| Pretax income | $277.4M | $116.0M | $75.0M | -$38.1M | -$66.7M |
| Income tax expense | $62.2M | $19.3M | $19.3M | -$12.0M | -$22.5M |
| Net income | $215.2M | $96.7M | $55.7M | -$26.1M | -$44.3M |
| Balance Sheet | |||||
| Cash and equivalents | $318.9M | $295.9M | $404.0M | $254.3M | $225.4M |
| Current assets | $512.3M | $477.7M | $557.4M | $382.9M | $351.3M |
| Total assets | $3.4B | $3.4B | $3.2B | $3.1B | $3.1B |
| Current liabilities | $156.8M | $156.3M | $117.1M | $131.1M | $153.2M |
| Total liabilities | $1.3B | $1.3B | $1.1B | $1.2B | $1.3B |
| Total debt | $961.9M | $1.1B | $886.9M | $941.2M | $950.0M |
| Stockholders' equity | $2.1B | $2.1B | $2.0B | $1.9B | $1.9B |
| Cash Flow Statement | |||||
| Cash from operations | $457.1M | $339.9M | $242.8M | $150.7M | $141.0M |
| Depreciation and amortization | $154.7M | $162.5M | $153.1M | $161.2M | $137.2M |
| Stock-based compensation | $73.1M | $96.4M | $77.2M | $62.6M | $52.8M |
| Capital expenditure | $2.0M | $2.1M | $1.7M | $3.4M | $8.9M |
| Free cash flow | $455.1M | $337.8M | $241.1M | $147.3M | $132.1M |
| Share repurchases | $299.3M | $121.5M | $0 | $0 | — |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 83.6M · Free float 85.4%
Annual filing data through FY ended January 31, 2026; float as of July 13, 2026.