Income Statement

HEALTHEQUITY, INC.

HQY
Annual
Performance Overview Click any row in the table to add it to this chart
in millions USD
Metric Jan 31, 2026 2026 FY Jan 31, 2025 2025 FY Jan 31, 2024 2023 FY Jan 31, 2023 2022 FY Jan 31, 2022 2021 FY Jan 31, 2021 2020 FY Jan 31, 2020 2019 FY Jan 31, 2019 2018 FY Jan 31, 2018 2017 FY Jan 31, 2017 2016 FY Jan 31, 2016 2015 FY Jan 31, 2015 2014 FY
Revenue
1,313.43 1,199.77 999.59 861.75 756.56 733.57 531.99 287.24 229.53 178.37 126.79 87.86
Cost of Revenue
400.31 422.52 376.95 371.66 332.85 318.24 206.08 106.05 - - - -
Gross Profit
913.12 777.26 622.64 490.09 423.71 415.33 325.91 181.19 134.92 106.36 72.60 47.97
Operating Expenses
590.66 614.93 504.94 481.03 447.94 381.32 248.90 103.52 80.50 65.14 46.46 31.10
Research & Development
262.51 239.51 218.81 193.38 157.36 124.81 77.58 35.06 27.39 22.38 16.83 10.50
Selling, General & Administrative
119.93 132.26 103.66 95.63 84.38 84.49 60.56 33.04 25.11 20.15 14.11 10.62
Other Operating Expenses
- - - - - - - - - - - -
Operating Income
322.46 162.33 117.70 9.06 -24.24 34.01 77.01 77.67 54.42 41.21 26.14 16.87
Non-Operating Income
-45.02 -46.30 -42.66 -47.15 -42.50 -29.87 -33.85 1.85 2.23 1.09 0.59 1.11
Interest Income
- - - - - - - - - - - -
Interest Expense
- - 55.46 48.42 36.57 34.88 24.77 0.30 0.27 0.28 0.09 0.00
Other Non-Op Income / Expense
12.11 14.33 12.80 1.27 -5.93 5.01 -9.08 -1.85 -2.23 -1.09 -0.59 -1.11
Income Before Tax
277.43 116.03 75.04 -38.10 -66.74 4.14 43.16 75.82 52.19 40.12 25.55 15.76
Income Tax Expense
62.23 19.33 19.33 -11.95 -22.45 -4.69 3.49 1.92 4.83 13.74 8.94 5.60
Non-Controlling Interest
- - - - - - - - - - - -
Net Income
215.20 96.70 55.71 -26.14 -44.29 8.83 39.66 73.90 47.36 26.38 16.61 10.17
Supplemental Per share data, derived & other items — not part of the income statement
in millions USD unless noted
Metric Jan 31, 2026 2026 FY Jan 31, 2025 2025 FY Jan 31, 2024 2023 FY Jan 31, 2023 2022 FY Jan 31, 2022 2021 FY Jan 31, 2021 2020 FY Jan 31, 2020 2019 FY Jan 31, 2019 2018 FY Jan 31, 2018 2017 FY Jan 31, 2017 2016 FY Jan 31, 2016 2015 FY Jan 31, 2015 2014 FY
Depreciation & Amortization
- - - - - - - - - - - -
EBITDA
477.11 324.79 270.78 170.26 112.95 149.92 132.36 95.86 70.37 54.40 34.74 22.76
Earnings Per Share (Basic)
2.50 1.11 0.65 -0.31 -0.53 0.12 0.59 1.20 0.79 0.45 0.29 0.39
Diluted EPS
2.46 1.09 0.64 -0.31 -0.53 0.12 0.58 1.17 0.77 0.44 0.28 0.21
Weighted Average Shares
86.13 86.87 85.56 84.44 83.13 74.24 67.03 61.84 60.30 58.62 56.72 31.18
Diluted Weighted Avg Shares
87.47 88.83 86.96 84.44 83.13 75.68 68.45 63.37 61.85 59.89 58.86 51.86
Comprehensive Income
209.49 96.70 55.71 -26.14 -44.29 - 39.66 73.90 47.30 26.31 16.52 10.17