HealthEquity, Inc. (HQY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Sales/Revenue | 354.64M | 334.59M | 322.16M | 325.83M | 330.84M | 311.82M | 300.43M | 299.93M | 287.6M | 262.39M | 249.22M | 243.55M | 244.43M | 233.84M | 216.09M | 206.14M | 205.68M | 203.3M | 179.95M | 189.1M |
| Revenue Growth % | 7.19% | 7.3% | 7.23% | 8.64% | 15.04% | 18.84% | 20.55% | 23.15% | 17.66% | 12.21% | 15.33% | 18.15% | 18.84% | 15.02% | 20.08% | 9.01% | 11.66% | 8.04% | 0.34% | 7.42% |
| Cost of Goods Sold | 98.33M | 25.43M | 121.1M | 120.24M | 133.53M | 122.58M | 131.76M | 126.86M | 126M | 122.28M | 114.02M | 115.78M | 119.77M | 122.76M | 112.77M | 112.51M | 118.2M | 121.04M | 96.28M | 97.42M |
| COGS % of Revenue | 27.73% | 7.6% | 37.59% | 36.9% | 40.36% | 39.31% | 43.86% | 42.3% | 43.81% | 46.6% | 45.75% | 47.54% | 49% | 52.5% | 52.19% | 54.58% | 57.47% | 59.54% | 53.5% | 51.52% |
| Gross Profit | 256.31M | 309.15M | 201.06M | 205.59M | 197.31M | 189.24M | 168.68M | 173.07M | 161.59M | 140.1M | 135.19M | 127.76M | 124.66M | 111.08M | 103.32M | 93.63M | 87.47M | 82.25M | 83.68M | 91.68M |
| Gross Margin % | 72.27% | 92.4% | 62.41% | 63.1% | 59.64% | 60.69% | 56.14% | 57.7% | 56.19% | 53.4% | 54.25% | 52.46% | 51% | 47.5% | 47.81% | 45.42% | 42.53% | 40.46% | 46.5% | 48.48% |
| Gross Profit Growth % | 29.9% | 63.36% | 19.2% | 18.79% | 22.1% | 35.07% | 24.77% | 35.46% | 29.63% | 26.12% | 30.85% | 36.45% | 42.51% | 35.05% | 23.47% | 2.13% | 5.01% | 0.6% | -2.05% | 10.85% |
| Operating Expenses | 153.36M | 241.78M | 121.21M | 114.72M | 112.96M | 117.71M | 114.61M | 112.36M | 117.82M | 98.94M | 101.65M | 100.98M | 98.02M | 92.76M | 91.27M | 88.36M | 85.47M | 83.12M | 70.8M | 76.19M |
| OpEx % of Revenue | 43.24% | 72.26% | 37.62% | 35.21% | 34.14% | 37.75% | 38.15% | 37.46% | 40.97% | 37.71% | 40.79% | 41.46% | 40.1% | 39.67% | 42.24% | 42.86% | 41.55% | 40.89% | 39.34% | 40.29% |
| Selling, General & Admin | 57.96M | 171.43M | 55.29M | 49.91M | 51.52M | 53.06M | 54.42M | 53.78M | 61.73M | 43.7M | 46.03M | 46.21M | 45.47M | 40.03M | 42.38M | 41.78M | 40.29M | 37.19M | 32.73M | 38.29M |
| SG&A % of Revenue | 16.34% | 51.24% | 17.16% | 15.32% | 15.57% | 17.02% | 18.12% | 17.93% | 21.46% | 16.65% | 18.47% | 18.97% | 18.6% | 17.12% | 19.61% | 20.27% | 19.59% | 18.29% | 18.19% | 20.25% |
| Research & Development | 67.77M | 70.35M | 65.92M | 64.8M | 61.44M | 64.65M | 60.19M | 58.58M | 56.09M | 55.24M | 55.61M | 54.77M | 53.19M | 52.72M | 48.89M | 46.58M | 45.18M | 45.93M | 38.07M | 37.9M |
| R&D % of Revenue | 19.11% | 21.03% | 20.46% | 19.89% | 18.57% | 20.73% | 20.03% | 19.53% | 19.5% | 21.05% | 22.32% | 22.49% | 21.76% | 22.55% | 22.63% | 22.6% | 21.97% | 22.59% | 21.16% | 20.04% |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -644K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 102.95M | 67.37M | 79.85M | 90.88M | 84.35M | 71.53M | 54.06M | 60.71M | 43.77M | 41.16M | 33.55M | 26.78M | 26.64M | 18.33M | 12.05M | 5.27M | 2M | -867K | 12.88M | 15.5M |
| Operating Margin % | 29.03% | 20.14% | 24.79% | 27.89% | 25.5% | 22.94% | 17.99% | 20.24% | 15.22% | 15.69% | 13.46% | 11% | 10.9% | 7.84% | 5.58% | 2.56% | 0.97% | -0.43% | 7.16% | 8.19% |
| Operating Income Growth % | 22.05% | -5.81% | 47.71% | 49.7% | 92.71% | 73.76% | 61.16% | 126.65% | 64.32% | 124.63% | 178.37% | 408.14% | 1228.63% | 2213.73% | -6.42% | -65.98% | -84.65% | -106.63% | -34.61% | -20.09% |
| EBITDA | 115.58M | -48.6M | 118.63M | 129.33M | 123.09M | 110.71M | 94.78M | 104.32M | 82.71M | 79.08M | 56.76M | 65.13M | 65.68M | 58.8M | 52.55M | 46.01M | 41.49M | 37.96M | 46.42M | 48.55M |
| EBITDA Margin % | 32.59% | -14.53% | 36.82% | 39.69% | 37.21% | 35.5% | 31.55% | 34.78% | 28.76% | 30.14% | 22.77% | 26.74% | 26.87% | 25.15% | 24.32% | 22.32% | 20.17% | 18.67% | 25.8% | 25.67% |
| EBITDA Growth % | -6.1% | -143.9% | 25.16% | 23.98% | 48.82% | 40% | 66.99% | 60.17% | 25.93% | 34.48% | 8.01% | 41.55% | 58.3% | 54.91% | 13.2% | -5.22% | -7.44% | -12.73% | -5.4% | 1.16% |
| D&A (Non-Cash Add-back) | 12.63M | -115.97M | 38.78M | 38.45M | 38.74M | 39.18M | 40.72M | 43.61M | 38.94M | 37.91M | 23.21M | 38.35M | 39.04M | 40.48M | 40.5M | 40.74M | 39.49M | 38.82M | 33.55M | 33.05M |
| EBIT | 93.33M | 62.06M | 81.58M | 93M | 85.81M | 45.22M | 24.37M | 62.04M | 45.03M | 43.36M | 34.63M | 27.5M | 25.01M | 14.31M | 5.99M | -2.38M | -7.59M | -33.02M | -1.24M | -531K |
| Net Interest Income | -10.7M | -10.12M | -11.19M | -11.59M | -12.13M | -12.22M | -14.26M | -12.32M | -7.91M | -9.3M | -9.83M | -10.79M | -13.4M | -13.13M | -11.72M | -11.4M | -10.41M | -10.67M | -11.4M | -6.72M |
| Interest Income | 1.89M | 3.15M | 2.86M | 3.36M | 2.73M | 3.03M | 3.9M | 3.1M | 3.88M | 4.34M | 3.71M | 2.48M | 1.6M | 1.18M | 443K | 89K | 52K | 82K | 478K | 533K |
| Interest Expense | 12.59M | 13.27M | 14.05M | 14.96M | 14.86M | 15.26M | 18.16M | 15.43M | 11.79M | 13.64M | 13.54M | 13.27M | 15M | 14.3M | 12.16M | 11.49M | 10.46M | 10.75M | 11.88M | 7.25M |
| Other Income/Expense | -10.54M | -6.47M | -12.32M | -12.83M | -13.4M | -41.57M | -47.84M | -14.09M | -10.53M | -11.45M | -12.46M | -12.56M | -16.63M | -18.32M | -18.23M | -19.14M | -20.06M | -42.9M | -22M | -23.28M |
| Pretax Income | 92.41M | 60.9M | 67.53M | 78.05M | 70.95M | 29.96M | 6.22M | 46.62M | 33.24M | 29.72M | 21.09M | 14.22M | 10.01M | 8K | -6.18M | -13.87M | -18.05M | -43.77M | -9.13M | -7.79M |
| Pretax Margin % | 26.06% | 18.2% | 20.96% | 23.95% | 21.45% | 9.61% | 2.07% | 15.54% | 11.56% | 11.33% | 8.46% | 5.84% | 4.1% | 0% | -2.86% | -6.73% | -8.78% | -21.53% | -5.07% | -4.12% |
| Income Tax | 23M | 11.16M | 15.84M | 18.19M | 17.04M | 3.6M | 515K | 10.79M | 4.43M | 3.35M | 6.41M | 3.64M | 5.92M | 217K | -4.54M | -3.22M | -4.41M | -10.95M | -4.09M | -3.97M |
| Effective Tax Rate % | 24.88% | 18.32% | 23.46% | 23.31% | 24.01% | 12% | 8.28% | 23.16% | 13.32% | 11.28% | 30.42% | 25.61% | 59.11% | 2712.5% | 73.45% | 23.2% | 24.44% | 25.01% | 44.79% | 50.96% |
| Net Income | 69.42M | 49.74M | 51.69M | 59.85M | 53.91M | 26.36M | 5.7M | 35.82M | 28.81M | 26.36M | 14.67M | 10.58M | 4.09M | -209K | -1.64M | -10.65M | -13.64M | -32.82M | -5.04M | -3.82M |
| Net Margin % | 19.57% | 14.87% | 16.05% | 18.37% | 16.3% | 8.46% | 1.9% | 11.94% | 10.02% | 10.05% | 5.89% | 4.34% | 1.67% | -0.09% | -0.76% | -5.17% | -6.63% | -16.14% | -2.8% | -2.02% |
| Net Income Growth % | 28.75% | 88.66% | 806.4% | 67.09% | 87.12% | 0% | -61.13% | 238.55% | 603.79% | 12714.35% | 994.15% | 199.31% | 130.02% | 99.36% | 67.43% | -179.05% | -421.57% | -711.48% | -381.61% | -2479.73% |
| Net Income (Continuing) | 69.42M | 49.74M | 51.69M | 59.85M | 53.91M | 26.36M | 5.7M | 35.82M | 28.81M | 26.36M | 14.67M | 10.58M | 4.09M | -209K | -1.64M | -10.65M | -13.64M | -32.82M | -5.04M | -3.82M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.82 | 0.58 | 0.59 | 0.68 | 0.61 | 0.30 | 0.06 | 0.40 | 0.33 | 0.30 | 0.17 | 0.12 | 0.05 | -0.00 | -0.02 | -0.13 | -0.16 | -0.39 | -0.06 | -0.05 |
| EPS Growth % | 34.43% | 93.33% | 817.57% | 70% | 84.85% | 0% | -62.18% | 233.33% | 560% | - | 976.29% | 192.31% | 131.25% | 99.36% | 67.83% | -184.46% | -400% | -657.14% | -401.5% | - |
| EPS (Basic) | 0.82 | 0.59 | 0.60 | 0.69 | 0.62 | 0.30 | 0.07 | 0.41 | 0.33 | 0.31 | 0.17 | 0.12 | 0.05 | -0.00 | -0.02 | -0.13 | -0.16 | -0.39 | -0.06 | -0.05 |
| Diluted Shares Outstanding | 85.01M | 87.47M | 86.97M | 87.75M | 88.42M | 88.61M | 88.63M | 88.65M | 88.32M | 87.44M | 87.12M | 86.34M | 86.1M | 84.72M | 84.57M | 84.44M | 84.02M | 83.71M | 83.55M | 83.48M |
| Basic Shares Outstanding | 84.41M | 86.13M | 86M | 86.55M | 86.66M | 86.7M | 87.19M | 87.13M | 86.47M | 85.97M | 85.7M | 85.53M | 85.03M | 84.72M | 84.57M | 81.95M | 84.02M | 83.71M | 83.55M | 83.48M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |