HQY logo
HQY NASDAQ US

HealthEquity, Inc. - Common Stock

Health Care · Health Care Website · IPO Jul 2014
$84.67
▲ +$1.29 (+1.55%)
Vol 640K
11
Quality Score
ok
Deep Check
2/5 ok
Mkt Cap
$7.8B
P/E
40.8
ROE
9.0%
Margin
14.9%
D/E
46.02
Beta
0.23
52W
$74–$117

Wall Street Consensus

20 analysts · Apr 2026
7
Strong Buy
10
Buy
2
Hold
1
Sell
0
Strong Sell
85.0%
Buy Rating

Price Chart

Earnings

Beat rate: 80.0%
Quarter EPS Est EPS Act Surprise
Mar 2026 $0.91 $0.95 +$0.04
Dec 2025 $0.94 $1.01 +$0.07
Sep 2025 $0.93 $1.08 +$0.15
Jun 2025 $0.82 $0.97 +$0.15

Quarterly Revenue & Earnings

Quarter 2024-0… 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $300.4M $311.8M $330.8M $325.8M $322.2M
Net Income $5.7M $26.4M $53.9M $59.9M $51.7M

Fundamentals Trend

Metric 2025-07-31 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM) 6.9% 5.7% 6.9% 6.9% 6.9% 9.0%
P/E (TTM) 57.52 63.85 55.99 55.88 58.42 40.80
Net Margin 18.4% 9.8% 11.5% 11.5% 11.5% 14.9%
Gross Margin 71.4% 65.5% 66.4% 66.4% 66.4% 67.7%
D/E Ratio 46.91 49.75 46.91 46.91 46.91 46.02
Current Ratio 4.23 4.06 4.23 4.23 4.23 4.13

Key Ratios

ROA (TTM)
5.6%
P/S (TTM)
6.06
P/B
4.5
EPS (TTM)
$2.18
CF/Share
$2.00
Rev Growth 3Y
+16.6%
52W High
$116.65
52W Low
$74.07
$74.07 52-Week Range $116.65

Financial Health

Free Cash Flow
$127.2M
Net Debt
$719.0M
Cash
$309.3M
Total Debt
$1.0B
As of Oct 31, 2025

How does HQY compare to Health Care peers?

Peer group: Micro-cap Health Care (All) · 241 companies

HQY valuation vs Health Care peers

P/E ratio
40.8
33% above peers (30.7)
vs Peers
vs Industry
Undervalued
P/S ratio
6.1
135% above peers (2.6)
vs Peers
vs Industry
Overvalued
P/B ratio
4.5
63% above peers (2.8)
vs Peers
vs Industry
Overvalued
Div yield
0% below peers (0.7%)
vs Peers
vs Industry
Low yield

HQY profitability vs Health Care peers

ROE
9.0%
123% above peers (-38.5%)
vs Peers
vs Industry
Top tier
Net margin
14.9%
160% above peers (-24.7%)
vs Peers
vs Industry
Top tier
Gross margin
67.7%
28% above peers (52.9%)
vs Peers
vs Industry
Below avg
ROA
5.6%
126% above peers (-21.2%)
vs Peers
vs Industry
Top tier

HQY financial health vs Health Care peers

D/E ratio
46.0
139% above peers (19.3)
vs Peers
vs Industry
High debt
Current ratio
4.1
91% above peers (2.2)
vs Peers
vs Industry
Strong liquidity
Beta
0.2
78% below peers (1.1)
vs Peers
vs Industry
More volatile

HQY fundamentals radar

HQY Peer median Industry

HQY profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

HQY vs peers: key metrics

Insider Activity

Neutral
Buys
0
Sells
0
ROSNER ELIMELECH
Chief Technology Officer · Mar 25
60607 shs
FIORE MICHAEL HENRY
Officer · Mar 25
17582 shs
GATHRIGHT MICHAEL
Officer · Mar 25
15157 shs
LUCANIA JAMES M
Chief Financial Officer · Mar 25
27283 shs
LADD DELANO W IV
General Counsel · Mar 25
35608 shs
CUTLER SCOTT RAYMOND
Chief Executive Officer · Mar 25
72754 shs
NEELEMAN STEPHEN
Officer and Director · Mar 25
39775 shs
PARKER STUART B
Director · Feb 02
1263 shs
NATARAJAN RAJESH
Director · Feb 02
976 shs
Last 90 days

Top Holders

Top 5: 37.61%
Blackrock Inc.
13.28%
$926.9M
Vanguard Group Inc
10.26%
$716.4M
Wasatch Advisors LP
7.80%
$544.6M
State Street Corporation
3.66%
$255.5M
Geode Capital Management, L…
2.61%
$181.9M
As of Dec 31, 2025