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, US
Websitehealthequity.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Jan 2019)1,141(+12%)
Job Openings23
Revenue (FY, 2019)$287.2 M(+26%)
Share Price (Oct 2019)$55.8

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
Ashley Dreier

Ashley Dreier

Executive Vice President / CTO / CIO
Angelique Hill

Angelique Hill

Executive Vice President of Operations
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HealthEquity Office Locations

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

HealthEquity Revenue

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HealthEquity's revenue was reported to be $287.24 m in FY, 2019
USD

Revenue (Q1, 2020)

87.1m

Gross profit (Q1, 2020)

57.8m

Gross profit margin (Q1, 2020), %

66.3%

Net income (Q1, 2020)

41.8m

EBIT (Q1, 2020)

27.7m

Market capitalization (16-Oct-2019)

3.9b

Closing stock price (16-Oct-2019)

55.8

Cash (30-Apr-2019)

329.3m
HealthEquity's current market capitalization is $3.9 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

87.9m126.8m178.4m229.5m287.2m

Revenue growth, %

44%41%

Cost of goods sold

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

Gross profit

48.0m72.6m106.4m134.9m181.2m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

20.9m21.9m29.9m30.5m30.6m44.0m44.2m43.4m55.4m56.9m56.8m69.9m71.1m70.5m87.1m

Cost of goods sold

16.3m15.6m17.5m21.7m21.1m23.1m25.5m24.5m24.7m29.3m

Gross profit

27.7m28.6m25.9m33.7m35.8m33.7m44.4m46.6m45.8m57.8m

Gross profit Margin, %

63%65%60%61%63%59%63%66%65%66%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

111.0m83.6m140.0m199.5m361.5m

Inventories

625.0k620.0k592.0k215.0k

Current Assets

124.7m143.0m200.8m265.4m394.7m

PP&E

2.6m3.5m5.2m7.8m8.2m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

10.2m16.6m26.4m47.4m73.9m

Depreciation and Amortization

5.9m8.6m13.2m16.0m18.2m

Inventories

625.0k5.0k28.0k377.0k

Accounts Payable

1.3m1.0m567.0k(581.0k)863.0k
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

5.7m8.8m5.0m9.4m13.5m8.1m16.3m22.3m14.0m31.0m41.5m22.6m45.1m60.8m41.8m

Depreciation and Amortization

2.6m4.2m3.7m5.7m2.9m6.1m9.5m3.5m7.1m11.1m4.5m8.9m13.5m4.8m

Inventories

22.0k(365.0k)667.0k35.0k(190.0k)22.0k(79.0k)(324.0k)63.0k253.0k423.0k38.0k52.0k51.0k

Accounts Payable

(1.9m)(1.5m)990.0k(277.0k)415.0k(1.2m)(1.1m)(973.0k)(1.5m)(1.5m)(425.0k)87.0k(837.0k)(1.1m)(1.6m)
USDY, 2019

Financial Leverage

1.1 x
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HealthEquity Online and Social Media Presence

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HealthEquity News and Updates

HealthEquity Reports Second Quarter Ended July 31, 2019 Financial Results

Highlights of the second quarter include:

HealthEquity Completes Acquisition of WageWorks

Announces $80-100 Million Investment in Remarkable Service Announces $80-100 Million Investment in Remarkable Service

WageWorks Stockholders Approve Acquisition by HealthEquity

SAN MATEO, Calif., Aug. 28, 2019 (GLOBE NEWSWIRE) -- WageWorks, Inc. (“WageWorks”) (NYSE: WAGE), a leader in Health Savings Accounts and other Consumer-Directed Benefits, today announced that its stockholders voted to adopt the agreement pursuant to which WageWorks would be acquired as a wholly-ow…

WageWorks board rejects unsolicited letter of interest from Mansa, urges shareholders to vote for HealthEquity bid

WageWorks Inc. said Tuesday it has received an unsolicited letter of interest from Mansa Parent Corp. that values the company at $58.58 a share. The company said its board has reviewed the letter and unanimously concluded that it "contains significant contingencies and is not reasonably expected t…

HealthEquity Announces Closing of Follow-On Offering and Over-Allotment Option

DRAPER, Utah, July 12, 2019 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY), the nation’s largest independent health savings account non-bank custodian, today announced the closing of the underwritten public offering of 7,762,500 shares of its common stock (including 1,012,500 shares of its c…

HealthEquity Announces Pricing of Public Offering of Common Stock

DRAPER, Utah, July 09, 2019 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY), the nation’s largest independent health savings account non-bank custodian, today announced the pricing of the previously announced underwritten public offering of shares of its common stock. HealthEquity has agreed …
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HealthEquity Blogs

3 ways employers can save with a health savings account

Health savings accounts (HSAs) provide many benefits to employees and can be a great way for them to save money on taxes1 and save for the future. However, you as an employer can also benefit from HSAs, and the savings can really add up. Below are three main benefits you can realize with…

Preparing for retirement? An HSA can help

Whether you are a baby boomer nearing retirement, a Generation X’er in the middle of your career or a millennial just starting out, you have at least one thing in common with your co-workers: You need to prepare for retirement. Yes, baby boomers and Generation X’ers, we hear your shout…

HSA. FSA. HRA. HIA. What do all these even mean?

HSA. FSA. HRA. HIA. If you’re confused by the acronyms listed above, you’re not alone. The healthcare industry throws these around and expects everyone to know what they mean. But many people don’t. For the record, here’s what they stand for:

Millions of Americans could benefit from newly introduced legislation: #MedicareHSA

A bi-partisan effort in Congress is underway that would allow Medicare recipients to open and contribute to a health savings account (HSA). H.R.3796, the Health Savings for Seniors Act, would allow more than 57 million Americans 65 and older currently enrolled in Medicare to take advant…

IRS expands list of preventive care services

The IRS announced an expanded list of preventive services which health plans may choose to cover as a first-dollar or pre-deductible expense for high-deductible health plan enrollees. Particularly, the expanded list includes treatments associated with chronic conditions, such as congest…

How HSAs can help your employees

An important part of any business is to attract and retain highly-skilled workers. Most employers provide benefits ranging from paid vacation time and tuition reimbursement to bonuses and raises. And then there are health benefits, which can be one of the more expensive — if not the sin…
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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 1,141 employees.

  • What is HealthEquity revenue?

    Latest HealthEquity annual revenue is $287.2 m.

  • What is HealthEquity revenue per employee?

    Latest HealthEquity revenue per employee is $251.7 k.

  • Who are HealthEquity competitors?

    Competitors of HealthEquity include PatientsLikeMe, Independa and HealthUnlocked.

  • 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.