HealthEquity is the nation’s oldest and largest dedicated health savings trustee. We help individuals and families build health savings, while empowering employers to spend less on benefits through innovative, integrated health care account administration and investment platforms, all backed by 24/7/365 service, personalized savings strategies and consumer education. HealthEquity partners–more than 14,000 employers and 60 national health plans–spend less on benefits and get more by leveraging HealthEquity’s acclaimed service and education. HealthEquity is an IRS-approved nonbank HSA trustee. As of September 30, 2010, HealthEquity manages more than $640 million in health savings assets. And all HealthEquity-managed cash deposits are FDIC-insured to the greatest extent allowed by law. Founded by Dr. Stephen Neeleman, a practicing trauma surgeon and author of The Complete HSA Guidebook, HealthEquity is based in Salt Lake City and has members and sales representatives nationwide.
Company Growth (employees)
Draper, US
Size (employees)
636 (est)
HealthEquity was founded in 2002 and is headquartered in Draper, US

HealthEquity Office Locations

HealthEquity has offices in Draper and Overland Park
Draper, US (HQ)
100 15 W Scenic Pointe Dr

HealthEquity Data and Metrics

HealthEquity Financial Metrics

HealthEquity's revenue was reported to be $178.4 m in FY, 2017 which is a 41% increase from the previous period.

Revenue (FY, 2017)

178.4 m

Revenue growth (FY, 2016 - FY, 2017), %


Gross profit (FY, 2017)

106.4 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

26.4 m

EBIT (FY, 2017)

41.2 m

Market capitalization (28-Apr-2017)

2.7 b

Closing share price (28-Apr-2017)


Cash (31-Dec-2017)

140 m
HealthEquity's current market capitalization is $2.7 b.
USDFY, 2015FY, 2016FY, 2017


87.9 m126.8 m178.4 m

Revenue growth, %


Cost of goods sold

39.9 m54.2 m72 m

Gross profit

48 m72.6 m106.4 m

Gross profit Margin, %


Sales and marketing expense

10.6 m13.3 m18.3 m

R&D expense

10.5 m16.8 m22.4 m

General and administrative expense

8.3 m14.1 m20.2 m

Operating expense total

31.1 m46.5 m65.1 m


16.9 m26.1 m41.2 m

EBIT margin, %


Pre tax profit

15.8 m25.6 m40.1 m

Income tax expense

5.6 m8.9 m13.7 m

Net Income

10.2 m16.6 m26.4 m
USDFY, 2015FY, 2016FY, 2017


111 m83.6 m140 m


625 k620 k592 k

Current Assets

124.7 m143 m200.8 m


2.6 m3.5 m5.2 m


4.7 m4.7 m4.7 m

Total Assets

158.8 m219.8 m279.1 m

Accounts Payable

1.3 m2.4 m3.2 m

Current Liabilities

88.3 m12.1 m15.7 m

Non-Current Liabilities

5.8 m4.2 m1.5 m

Total Liabilities

14.7 m16.3 m17.2 m

Additional Paid-in Capital

157.1 m199.9 m232.1 m

Total Equity

144.1 m203.5 m261.9 m

Financial Leverage

1.1 x1.1 x1.1 x
USDFY, 2015FY, 2016FY, 2017

Net Income

10.2 m16.6 m26.4 m

Depreciation and Amortization

5.9 m8.6 m13.2 m

Accounts Receivable

(12.8 m)(5.2 m)(2.7 m)


625 k5 k28 k

Accounts Payable

1.3 m1 m567 k

Cash From Operating Activities

97.1 m(27.4 m)45.6 m

Purchases of PP&E

(1.7 m)(2.4 m)(3.6 m)

Cash From Investing Activities

(8.4 m)(90.6 m)(13.1 m)

Cash From Financing Activities

90.5 m36.6 m23.8 m
USDY, 2017


280.5 k

Financial Leverage

1.1 x

HealthEquity Market Value History

HealthEquity Online and Social Media Presence

HealthEquity Company Life and Culture

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