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 Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Jan 2020)2,931(+157%)
Job Openings85
Revenue (FY, 2021)$733.6 M(+38%)
Share Price (Nov 2021)$67.7(-2%)
Cybersecurity ratingBMore
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Key People/Management at HealthEquity

Jon Kessler

Jon Kessler

President / CEO
Ted Bloomberg

Ted Bloomberg

Executive Vice President / COO
Tyson Murdock

Tyson Murdock

EVP / CFO
Darcy Mott

Darcy Mott

Executive Vice President / CFO
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, 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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View revenue for all periods
HealthEquity's revenue was reported to be $733.57 m in FY, 2021
USD

Revenue (Q1, 2022)

184.2m

Gross profit (Q1, 2022)

103.1m

Gross profit margin (Q1, 2022), %

56%

Net income (Q1, 2022)

(2.6m)

EBIT (Q1, 2022)

4.3m

Market capitalization (12-Nov-2021)

5.8b

Closing stock price (12-Nov-2021)

67.7

Cash (30-Apr-2021)

736.8m

EV

6.0b
HealthEquity's current market capitalization is $5.8 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

80/100

SecurityScorecard logo

HealthEquity Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

30-39

out of 100

CSRHub logo

HealthEquity Online and Social Media Presence

Embed Graph

HealthEquity Company Culture

  • Overall Culture

    A+

    85/100

  • CEO Rating

    A+

    91/100

  • Compensation

    A+

    88/100

Learn more on Comparably

HealthEquity News and Updates

HealthEquity Completes Further Acquisition

Expands HSA market share, health plan relationships and adds private label solutions

HealthEquity Releases 15th Edition of HSA Guidebook to Commemorate HSA Awareness Day

Free, educational resource newly updated for open enrollment Free, educational resource newly updated for open enrollment

HealthEquity Announces Proposed Offering of Additional $100 Million 4.500% Senior Notes Due 2029

DRAPER, Utah, Oct. 04, 2021 (GLOBE NEWSWIRE) -- HealthEquity (NASDAQ: HQY), the nation’s largest health savings account (HSA) non-bank custodian, today announced that it has commenced, subject to market and other conditions, an offering of $100 million aggregate principal amount of its 4.500% seni…

HealthEquity Reports Second Quarter Ended July 31, 2021 Financial Results

Highlights of the second quarter include:

HealthEquity Updates Business Outlook

DRAPER, Utah, June 08, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) ("HealthEquity" or the "Company"), the nation's largest health savings account ("HSA") non-bank custodian, today announced an updated business outlook, superseding the business outlook announced by HealthEquity on Jun…

HealthEquity Reports First Quarter Ended April 30, 2021 Financial Results

Highlights of the first quarter include:
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HealthEquity Blogs

3 reasons to invest your HSA dollars

Whether you have health insurance through your employer or another organization, you’re likely already familiar with a health savings account (HSA)—a specific type of savings account that lets you set aside money for qualified medical expenses. Maybe you’re even contributing to an HSA cu…

How the State of Georgia delivers a personalized benefits experience to more than 150K members

In today’s business world, everything is counted—down to the smallest metrics. But it’s also important to know what counts. Often, that comes down to people and relationships. That’s why HealthEquity holds an annual Key Client Summit to connect with the people at the heart of the health …

Announcing 2022 FSA, commuter, and adoption contribution limits

The Internal Revenue Service (IRS) announced the official 2022 Flexible Spending Account (FSA), commuter, and adoption limits. It’s good news for accountholders wanting to save money on their eligible expenses. Read on to learn about the specific limits on each topic.  

4 strategies to ease the transition to an HSA-qualified plan

Employers and employees alike search for the best way to manage the high cost of healthcare. Both groups often consider a Health Savings Account (HSA) qualified high deductible health plan (HDHP) to be a win-win. As an employer, you likely appreciate the ability to lower both tax obligat…

Keep pace with the latest enhancements

When you’re busy it can be challenging to stay up-to-date with the typical news cycle, not to mention the rapidly evolving benefits world. That’s why we added a What’s New page so you can quickly scan new products and features that can make your life easier.     

New edition of The Complete HSA Guidebook is here

When facing unexpected or expensive health events, it would be nice to have tools and a set of instructions. Luckily, the tools—health savings accounts—are widely available now. And Dr. Steve Neeleman literally wrote the book on how to use the accounts to help people manage their healthc…
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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 Tyson Murdock.

  • 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, CareCloud and Healthcare Trust of America.

  • 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.