HealthEquity Income Statement
HQY / Health Care|15 years of annual SEC 10-K data (FY2012-FY2026)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
HealthEquity reported $1000M in revenue and $56M in net income for FY2026. Revenue has grown at a 24.6% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.18 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $999.6M | $1.3B | $1.2B | $999.6M | $532.0M | $287.2M | $733.6M | $532.0M | $287.2M | $55.4M | $178.4M | $46.1M | $87.9M | $62.0M | $46.1M |
| Cost of Revenue | $376.9M | $400.3M | $422.5M | $376.9M | $206.1M | $106.0M | $318.2M | $206.1M | $106.0M | $94.6M | $72.0M | - | - | - | - |
| Gross Profit | $622.6M | $913.1M | $777.3M | $622.6M | $325.9M | $181.2M | $415.3M | $325.9M | $181.2M | $134.9M | $106.4M | $24.1M | $48.0M | $32.8M | $24.1M |
| SG&A Expense | $103.7M | $119.9M | $132.3M | $103.7M | $60.6M | $33.0M | $84.5M | $60.6M | $33.0M | $25.1M | $20.2M | $3.4M | $8.3M | $3.9M | $3.4M |
| R&D Expense | $218.8M | $262.5M | $239.5M | $218.8M | $77.6M | $35.1M | $124.8M | $77.6M | $35.1M | $27.4M | $22.4M | $4.2M | $10.5M | $7.1M | $4.2M |
| Operating Income | $117.7M | $322.5M | $162.3M | $117.7M | $77.0M | $77.7M | $34.0M | $77.0M | $77.7M | $54.4M | $41.2M | $7.1M | $16.9M | $11.5M | $7.1M |
| Interest Expense | - | - | - | $55.5M | $24.8M | $270.0K | $34.9M | $24.8M | $270.0K | $274.0K | - | $326.0K | $0 | $44.0K | $326.0K |
| Income Tax | $19.3M | $62.2M | $19.3M | $19.3M | $3.5M | $1.9M | -$4.7M | $3.5M | $1.9M | $4.8M | $13.7M | -$4.7M | $5.6M | $4.1M | -$4.7M |
| Net Income | $55.7M | $215.2M | $96.7M | $55.7M | $39.7M | $73.9M | $8.8M | $39.7M | $73.9M | $47.4M | $26.4M | $11.2M | $10.2M | $1.2M | $11.2M |
| EPS (Basic) | $0.65 | -$0.31 | -$0.53 | $0.12 | $0.59 | $1.20 | $0.79 | $0.45 | $0.29 | $0.39 | -$1.26 | $0.81 | $0.39 | -$1.26 | $0.81 |
| EPS (Diluted) | $0.64 | -$0.31 | -$0.53 | $0.12 | $0.58 | $1.17 | $0.77 | $0.44 | $0.28 | $0.21 | -$1.26 | $0.25 | $0.21 | -$1.26 | $0.25 |
| Shares Outstanding | 86.5M | 86.1M | 84.8M | 83.8M | 77.2M | 71.1M | 62.4M | 60.8M | 59.5M | 57.7M | 54.8M | 7.0M | 51.9M | 5.7M | 37.5M |
| Gross Margin | 62.3% | 69.5% | 64.8% | 62.3% | 61.3% | 63.1% | 56.6% | 61.3% | 63.1% | 243.4% | 59.6% | 52.3% | 54.6% | 52.9% | 52.3% |
| Operating Margin | 11.8% | 24.6% | 13.5% | 11.8% | 14.5% | 27.0% | 4.6% | 14.5% | 27.0% | 98.2% | 23.1% | 15.4% | 19.2% | 18.6% | 15.4% |
| Profit Margin | 5.6% | 16.4% | 8.1% | 5.6% | 7.5% | 25.7% | 1.2% | 7.5% | 25.7% | 85.5% | 14.8% | 24.2% | 11.6% | 2.0% | 24.2% |