OverviewSuggest Edit

HealthEquity provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators The Company is engaged in technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions. HealthEquity's products and services include healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements and healthcare incentives.

TypePublic
Founded2002
HQDraper, UT, US
Websitehealthequity.com
Employee Ratings4.1
Overall CultureA+

Latest Updates

Employees (est.) (Jan 2020)2,931(+157%)
Job Openings59
Revenue (FY, 2021)$733.6 M(+38%)
Share Price (Apr 2021)$66.2 (-1%)
Cybersecurity ratingBMore

Key People/Management at HealthEquity

Jon Kessler

Jon Kessler

President / CEO
Stephen D. Neeleman

Stephen D. Neeleman

Founder / Vice Chair
Ted Bloomberg

Ted Bloomberg

Executive Vice President / COO
Darcy Mott

Darcy Mott

Executive Vice President / CFO
Tyson Murdock

Tyson Murdock

EVP / DCFO
Jody Dietel

Jody Dietel

Senior Vice President Compliance and Regulatory Affairs
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HealthEquity Office Locations

HealthEquity has offices in Draper, Overland Park and Tucson
Draper, UT, US (HQ)
15 W Scenic Pointe Dr #100
Overland Park, KS, US
Overland Park, KS, USA
Tucson, AZ, US
Tucson, AZ 85701, USA
Show all (3)

HealthEquity Financials and Metrics

HealthEquity Revenue

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HealthEquity's revenue was reported to be $733.57 m in FY, 2021
USD

Revenue (FY, 2021)

733.6m

Gross profit (FY, 2021)

415.3m

Gross profit margin (FY, 2021), %

56.6%

Net income (FY, 2021)

8.8m

EBIT (FY, 2021)

34.0m

Market capitalization (7-Apr-2021)

5.5b

Closing stock price (7-Apr-2021)

66.2

Cash (31-Jan-2021)

328.8m

EV

6.2b
HealthEquity's current market capitalization is $5.5 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

87.9m126.8m178.4m229.5m287.2m532.0m733.6m

Revenue growth, %

44%41%

Cost of goods sold

39.9m54.2m72.0m94.6m106.1m206.1m318.2m

Gross profit

48.0m72.6m106.4m134.9m181.2m325.9m415.3m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

111.0m83.6m140.0m199.5m361.5m191.7m328.8m

Accounts Receivable

21.6m70.9m72.8m

Prepaid Expenses

3.3m7.5m

Inventories

625.0k620.0k592.0k215.0k
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

10.2m16.6m26.4m47.4m73.9m39.7m8.8m

Depreciation and Amortization

5.9m8.6m13.2m16.0m18.2m55.4m115.9m

Inventories

625.0k5.0k28.0k377.0k

Accounts Payable

1.3m1.0m567.0k(581.0k)863.0k(3.8m)
USDQ2, 2015

Financial Leverage

6.2 x
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HealthEquity Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

HealthEquity Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

HealthEquity Online and Social Media Presence

Embed Graph

HealthEquity Company Culture

  • Overall Culture

    A+

    87/100

  • CEO Rating

    A+

    96/100

  • Compensation

    A+

    89/100

Learn more on Comparably

HealthEquity News and Updates

HealthEquity Announces Closing of Sale of Additional Shares

DRAPER, Utah, March 02, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), today announced the closing of the underwritten public offering of an additional 750,000 shares of its common stock pursuant to the exercise in full by the underwriter of its over-a…

HealthEquity Sets Date to Announce Year-end Results

DRAPER, Utah., Feb. 23, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), the largest independent HSA custodian, today announced plans to release its fiscal year-end 2021 financial results following the close of regular stock market trading hours on Monda…

HealthEquity Announces Pricing of Public Offering of Common Stock

DRAPER, Utah, Feb. 16, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), today announced the pricing of the previously announced underwritten public offering of 5 million shares of its common stock. BofA Securities may offer the shares of common stock fro…

HealthEquity Reports Year-End Sales Metrics

HSA Assets of $14.3 billion, up 24% year-over-year HSA Assets of $14.3 billion, up 24% year-over-year

HealthEquity Announces Year-End Sales Outlook, Presentation at JP Morgan Healthcare Conference

DRAPER, Utah, Jan. 11, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), the nation’s largest independent health savings account (“HSA") custodian, today announced it will provide final sales results for its fiscal year 2021, on February 8, 2021, while pr…

HealthEquity Reports Third Quarter Ended October 31, 2020 Financial Results

Highlights of the third quarter include:
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HealthEquity Blogs

Tax Filing Deadline Extended to May 17

Make a last-minute contribution to your Health Savings Account (HSA) to potentially reduce your tax bill  

Employers: Looking to incentivize the COVID-19 vaccine? A special HSA contribution could be an option

As COVID-19 vaccine distribution continues to ramp up, many employers are considering whether and to what extent they should incentivize the vaccine among employees. Vaccine mandates are unlikely for several reasons, mostly owing to potential legal challenges and Americans with Disabilit…

The latest COVID relief bill raises contribution limit on Dependent Care FSA to $10,500, provides 100% COBRA subsidy

On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021. Among other things, the $1.9 trillion bill is designed to provide economic relief and stimulus, as well as more resources to combat the pandemic. It also includes two big changes to key employer-spon…

HSA hack: Delay reimbursement, cash in later

HSAs are the most powerful tax-advantaged1 savings tools available. And now savvy health savers are taking advantage of an HSA “hack” that brings even more value and flexibility: Delayed reimbursement. The trick is that you don’t have to reimburse yourself right away. In fact, the IRS do…

Important plan deadline extensions set to expire March 1 – Here’s what you need to know

Several deadline extensions granted for employee benefit plans are set to expire soon.Granted by several agencies – including the Department of Labor, the Treasury Department and the Employee Benefits Security Administration – the deadline extensions were created as part of the national …

Use your Health Savings Account (HSA) to potentially reduce your 2020 tax bill. Here's how.

It was a year like no other year. And yet, tax season is upon us again. The good news? The dollars you didn’t spend on great adventures in 2020 can earn you great savings on your 2020 tax bill.1 Add a little or add lot to your HSA, right up to the IRS allowable maximum. It’s a smart, pr…
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HealthEquity Frequently Asked Questions

  • When was HealthEquity founded?

    HealthEquity was founded in 2002.

  • Who are HealthEquity key executives?

    HealthEquity's key executives are Jon Kessler, Stephen D. Neeleman and Ted Bloomberg.

  • How many employees does HealthEquity have?

    HealthEquity has 2,931 employees.

  • What is HealthEquity revenue?

    Latest HealthEquity annual revenue is $733.6 m.

  • What is HealthEquity revenue per employee?

    Latest HealthEquity revenue per employee is $250.3 k.

  • Who are HealthEquity competitors?

    Competitors of HealthEquity include HSA Bank, ExamWorks and ZeOmega.

  • Where is HealthEquity headquarters?

    HealthEquity headquarters is located at 15 W Scenic Pointe Dr #100, Draper.

  • Where are HealthEquity offices?

    HealthEquity has offices in Draper, Overland Park and Tucson.

  • How many offices does HealthEquity have?

    HealthEquity has 3 offices.