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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 Ratings3.9

Latest Updates

Employees (est.) (Jan 2020)2,931(+157%)
Job Openings32
Revenue (FY, 2020)$532 M(+86%)
Share Price (Sept 2020)$47.8 (-1%)
Cybersecurity ratingAMore

Key People/Management at HealthEquity

Jon Kessler

Jon Kessler

President / CEO
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
Jody Dietel

Jody Dietel

Senior Vice President Compliance and Regulatory Affairs
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 $531.99 m in FY, 2020
USD

Revenue (Q2, 2021)

103.8m

Gross profit (Q2, 2021)

38.6m

Gross profit margin (Q2, 2021), %

37.1%

Market capitalization (22-Sept-2020)

3.7b

Closing stock price (22-Sept-2020)

47.8

Cash (31-Jul-2020)

268.9m

EV

4.5b
HealthEquity's current market capitalization is $3.7 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

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

Revenue growth, %

44%41%

Cost of goods sold

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

Gross profit

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

Cash

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

Accounts Receivable

21.6m70.9m

Prepaid Expenses

3.3m7.5m

Inventories

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

Net Income

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

Depreciation and Amortization

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

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

A

91/100

SecurityScorecard logo

HealthEquity Online and Social Media Presence

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HealthEquity News and Updates

HealthEquity Reports Second Quarter Results, Raises WageWorks Synergy Target

Highlights of the second quarter include:

Should You Buy HealthEquity Stock At $58?

Even after a 38% rise since the March 23 lows of this year, at the current price of around $58 per share we believe HealthEquity, the largest health savings account non-bank custodian, looks attractive and it has more room for growth. HealthEquity stock has rallied from $42 to $58 off the...

Employers can now measure employee health savings with new HealthEquity tool

Health Savings Score allows employers to quickly gauge employee saving behavior and develop tailored strategies to improve Health Savings Score allows employers to quickly gauge employee saving behavior and develop tailored strategies to improve

HealthEquity Announces CFO Transition

DRAPER, Utah, June 26, 2020 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), today announced that Tyson Murdock has been appointed Executive Vice President and Deputy Chief Financial Officer, effective July 1, 2020, and will succeed Darcy Mott as Chief Financ…

HealthEquity Reports First Quarter Ended April 30, 2020 Financial Results

Highlights of the first quarter include:

HealthEquity Announces Date of Year-End Sales Conference Call, Presentation at Conferences

DRAPER, Utah, Feb. 04, 2020 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), the nation’s largest independent health savings account (“HSA") custodian, announced that it plans to release its fiscal year-end sales results following the close of regular stock m…
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HealthEquity Blogs

New federal guidance extends deadlines for employee benefit plans

The federal government is giving employee benefit plan sponsors, plan administrators, and participants more time to meet certain benefit plan deadlines. On April 28, 2020, the Department of Labor (DOL) announced relief related to the COVID-19 pandemic. Issued jointly with the IRS, the r…

2021 HSA contribution limits

Your health savings account (HSA) packs more punch than ever. The IRS announced higher HSA limits for the 2021 tax year, which means opportunity to save even more. 

CARES Act - A big win for women's health and menstrual care

Hidden inside the 800+ pages of the recent Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) is language that can help millions of individuals experiencing menstruation across the U.S. Menstrual products — including tampons, pads, liners and other similar products — ar…

CARES Act - Buying over-the-counter medicine with an HSA just got easier

  The recent Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) signed into law includes a key provision that can benefit everyone with a health savings account (HSA) or other health accounts.* Those with an HSA and other health accounts can now use those funds to pay …

CARES Act - Seeing the doctor without going to the doctor

Congress recently passed the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), a $2 trillion stimulus bill to aid the recovery from COVID-19. Included in the bill is language that created a temporary safe-harbor for HSA-compatible health plans covering telemedicine. R…

The CARES Act just made your HSA more powerful

The $2 trillion Coronavirus stimulus bill, called the CARES Act, is making headlines as the largest rescue package in American history. It also includes several provisions that will make a major impact on those with health savings accounts (HSAs), flexible spending accounts (FSAs) and he…
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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, Ted Bloomberg and Darcy Mott.

  • How many employees does HealthEquity have?

    HealthEquity has 2,931 employees.

  • What is HealthEquity revenue?

    Latest HealthEquity annual revenue is $532 m.

  • What is HealthEquity revenue per employee?

    Latest HealthEquity revenue per employee is $181.5 k.

  • Who are HealthEquity competitors?

    Competitors of HealthEquity include HSA Bank, PatientsLikeMe and Independa.

  • 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.