Inside the research
HealthEquity, Inc.
HQY Research profile · latest available data
Price overview
$88.25
▼ -0.35 (-0.4%)
| 52w hi | $106.79 |
|---|---|
| 52w lo | $73.21 |
| Vol | 1.28M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.08
| Short | -0.26 |
|---|---|
| Medium | +0.27 |
| Long | +0.35 |
computed 2026-09-27
Key fundamentals
HealthEquity, Inc.
Healthcare · Health Information Services
| Market cap | $7.30B |
|---|---|
| Enterprise value | $8.01B |
| Trailing P/E | 31.86x |
| Forward P/E | 16.05x |
| EV / EBITDA | 15.61x |
| P / S (ttm) | 5.36x |
| Profit margin | 17.4% |
| Return on equity | 11.4% |
| Revenue growth | +7.6% |
| Earnings growth | +14.7% |
| Debt / equity | 48.79 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.26 | |
| Sector | +0.08 | |
| Technical | +0.11 | |
| Earnings | +0.00 | |
| Sentiment | -0.42 |
macro × 1.00 · 2026-09-27
Business overview
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. It offers health savings accounts (HAS); investment platform; online-only automated investment advisory services through Advisor, a Web-based tool. The company also provides flexible spending accounts (FSA) for health and dependent care; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. In addition, the company offers HSA and FSA members with access to certain healthcare products, programs, and services through its marketplace. It serves clients through a direct sales force; and brokers and advisors, a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.
Risk Metrics
| Beta vs SPX | 0.87 |
|---|---|
| Corr SPX | 0.36 |
| Annual vol | 38.1% |
| Annual ret | +12.6% |
| Sharpe | 0.33 |
| Max DD | -36.1% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-06-26 | Shareholder Vote, Exhibits | read |
| 2026-05-28 | Earnings Release, Exhibits | read |
| 2026-05-08 | Officer / Director Change, Exhibits | read |
| 2026-04-06 | Officer / Director Change, Exhibits | read |
| 2026-03-30 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-03-17 | Earnings Release, Exhibits | read |
| 2026-02-17 | Earnings Release, Exhibits | read |
| 2026-01-12 | Reg FD Disclosure, Exhibits | read |
| 2025-12-03 | Earnings Release, Exhibits | read |
| 2025-09-02 | Earnings Release, Exhibits | read |
| 2025-06-27 | Shareholder Vote, Reg FD Disclosure… | read |
| 2025-06-03 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-10 | Fiore Michael Henry | Officer, EVP, CHIEF COMME | Sell | 2.35K | $223.63K |
| 2026-07-09 | Gathright Michael | Officer, Chief Customer O | Withheld for tax | 2.27K | $211.26K |
| 2026-07-08 | Neeleman Stephen | Director, Officer, FOUNDE | Withheld for tax | 1.10K | $104.88K |
| 2026-07-08 | Lucania James M | Officer, EVP & CFO | Withheld for tax | 2.84K | $269.94K |
| 2026-07-08 | Ladd Delano | Officer, EVP, General Cou | Withheld for tax | 1.09K | $103.36K |
| 2026-07-08 | Cutler Scott | Director, Officer, Presid | Withheld for tax | 1.24K | $117.71K |
| 2026-07-08 | Fiore Michael Henry | Officer, EVP, CHIEF COMME | Withheld for tax | 2.04K | $194.44K |
| 2026-07-02 | Fiore Michael Henry | Officer, EVP, CHIEF COMME | Sell | 2.47K | $234.65K |
| 2026-06-25 | Gassen William | Director | Grant | 2.88K | — |
| 2026-06-25 | Natarajan Rajesh | Director | Grant | 2.88K | — |
Flow & Concentration
| Insider 180d net | -$458.28K |
|---|---|
| Insider buys / sells | 0 / 2 |
| Insider bias | Neutral |
| 13F holders | 7 |
| Top-5 share | 96.9% |
| HHI | 2,645 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $292.72M | 3.24M |
| AQR Capital Management | $176.05M | 2.00M |
| Fidelity / FMR LLC | $138.95M | 1.54M |
| Citadel Advisors | $63.00M | 697.56K |
| Capital Research / Capital World | $39.33M | 435.46K |
| Millennium Management | $22.58M | 249.97K |
| T. Rowe Price Group | $89.83K | 994.55K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2015–2026 · 12 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.31B | +50.5% | |
| Gross profit | $913.12M | +35.3% | |
| Operating income | $322.46M | +39.5% | |
| Net income | $215.20M | +67.6% | |
| Cash from ops | $242.83M | +28.8% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $88.51 | $89.25 | $87.27 | $88.25 | 1.28M |
| Sep 24 | $90.96 | $91.10 | $88.25 | $88.60 | 901.80K |
| Sep 23 | $91.35 | $92.02 | $90.20 | $90.39 | 900.10K |
| Sep 22 | $95.77 | $95.97 | $91.28 | $91.75 | 1.22M |
| Sep 21 | $95.45 | $95.97 | $94.39 | $94.52 | 655.60K |
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