Company Quick10K Filing
HealthEquity
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 71 $4,363
10-Q 2019-12-05 Quarter: 2019-10-31
10-Q 2019-09-09 Quarter: 2019-07-31
10-Q 2019-06-06 Quarter: 2019-04-30
10-K 2019-03-28 Annual: 2019-01-31
10-Q 2018-12-06 Quarter: 2018-10-31
10-Q 2018-09-06 Quarter: 2018-07-31
10-Q 2018-06-07 Quarter: 2018-04-30
10-K 2018-03-28 Annual: 2018-01-31
10-Q 2017-12-07 Quarter: 2017-10-31
10-Q 2017-09-07 Quarter: 2017-07-31
10-Q 2017-06-08 Quarter: 2017-04-30
10-K 2017-03-30 Annual: 2017-01-31
10-Q 2016-12-08 Quarter: 2016-10-31
10-Q 2016-09-08 Quarter: 2016-07-31
10-Q 2016-06-09 Quarter: 2016-04-30
10-K 2016-03-31 Annual: 2016-01-31
10-Q 2015-12-09 Quarter: 2015-10-31
10-Q 2015-09-10 Quarter: 2015-07-31
10-Q 2015-06-11 Quarter: 2015-04-30
10-K 2015-03-31 Annual: 2015-01-31
10-Q 2014-12-11 Quarter: 2014-10-31
10-Q 2014-09-12 Quarter: 2014-07-31
8-K 2020-01-13 Regulation FD, Exhibits
8-K 2019-12-19 Officers
8-K 2019-12-03 Earnings, Exhibits
8-K 2019-09-03 Earnings, Exhibits
8-K 2019-08-30 Enter Agreement, M&A, Officers, Regulation FD, Exhibits
8-K 2019-07-29 Regulation FD, Exhibits
8-K 2019-07-12 Enter Agreement, Exhibits
8-K 2019-07-09 Enter Agreement, Exhibits
8-K 2019-07-08 Other Events, Exhibits
8-K 2019-07-01 Shareholder Vote
8-K 2019-06-27 Regulation FD, Exhibits
8-K 2019-06-26 Enter Agreement, Exhibits
8-K 2019-06-04 Earnings, Exhibits
8-K 2019-03-18 Earnings, Exhibits
8-K 2019-02-06 Earnings, Exhibits
8-K 2018-12-04 Earnings, Exhibits
8-K 2018-09-27 Enter Agreement, Off-BS Arrangement
8-K 2018-09-04 Earnings, Exhibits
8-K 2018-07-24 Officers
8-K 2018-07-02 Shareholder Rights
8-K 2018-06-21 Officers, Shareholder Vote
8-K 2018-06-04 Earnings, Exhibits
8-K 2018-04-06 Officers, Exhibits
8-K 2018-03-28 Officers, Regulation FD, Exhibits
8-K 2018-03-19 Earnings, Exhibits
8-K 2018-02-06 Earnings, Exhibits
8-K 2018-01-08 Regulation FD, Exhibits

HealthEquity Financials

HQY Metrics, Comps, Filings

Annual | Quarterly

Business

We are a leader and an innovator in the high growth category of technology-enabled services platforms that empower consumers to make healthcare saving and spending decisions. Our platform provides an ecosystem where consumers can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, earn wellness incentives, and make educated investment choices to grow their tax-advantaged healthcare savings. We can integrate with any health plan or banking institution to be the independent and trusted partner that enables consumers as they seek to manage, save and spend their healthcare dollars. We believe the secular shift to greater consumer responsibility for healthcare costs will require a significant portion of the approximately 191 million under-age 65 consumers with private health insurance in the United States to use a platform such as ours.

The core of our ecosystem is the health savings account, or HSA, a financial account through which consumers spend and save long term for healthcare on a tax-advantaged basis. We refer to the HSAs for which we serve as custodian as our HSA Members. As of January 31, 2019, we were the integrated HSA platform for 141 health, retirement and other benefit plan providers and for employees at more than 45,000 employer clients. Our customers include individuals, employers of all sizes, and health, retirement, and other benefit plan providers. We refer to our individual customers as our members, our health, retirement and other benefit plan provider customers as our Health Plan and Administrator Partners and our employer clients as our Employer Partners. Our Health Plan and Administrator Partners and Employer Partners collectively constitute our Network Partners. As of January 31, 2019, we had approximately 4.0 million HSAs on our platform. Management estimates that this represents approximately 8.8 million lives. During the years ended January 31, 2019, 2018 and 2017, we added approximately 679,000, 723,000 and 703,000 new HSA Members, representing approximately 1.5 million, 1.6 million and 1.5 million lives, respectively.

We have developed technology and a differentiated focus on the consumer to facilitate the transition to a more consumer-centric approach to healthcare saving and spending. Our solution is deployed as a cloud-based platform that is accessible to our customers through the Internet and on mobile devices and is hosted on private servers, which allows us to scale on demand. Core to our technology is a configurable framework and open platform that we believe provides us greater functionality and flexibility than generic technologies used by our legacy competitors and requires less investment and time to configure and customize to our customers' needs.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Alliance Data Systems (ADS) 7,263 48% 1.5 3% 30,740 28,348 6,686 3,185 869 2,084 3,108
Grubhub (GRUB) 7,073 0% 52.0 1% 2,343 862 1,184 0 26 139 7,209
CDK Global (CDK) 6,125 49% 17.2 4% 2,999 3,714 2,236 1,102 132 509 8,734
Athenahealth (ATHN) 5,427 54% 28.0 8% 1,589 521 1,311 705 126 192 5,382
Maximus (MMS) 4,832 24% 14.9 13% 1,691 476 2,690 646 227 318 4,753
Trinet Group (TNET) 4,781 69% 15.4 8% 2,318 1,879 3,661 2,541 189 266 4,098
HealthEquity (HQY) 4,363 65% 27.8 8% 1,098 81 320 206 90 128 3,547
Envestnet (ENV) 3,693 68% 105.6 -1% 1,812 959 837 571 -16 34 3,615
Ritchie Bros Auctioneers (RBA) 3,682 65% 14.9 6% 2,375 1,538 1,356 881 131 272 4,048
HMS Holdings (HMSY) 3,261 36% 17.3 9% 1,160 362 626 225 101 173 2,992
Sotheby's (BID) 2,756 0% 14.6 4% 2,751 2,257 1,030 0 108 219 3,209
WNS (WNS) 2,617 0% 786 233 0 0 0 0 2,573
EXL Service (EXLS) 2,262 34% 19.8 4% 1,137 496 949 322 46 123 2,439
GreenSky (GSKY) 2,205 38% 15.2 14% 841 938 466 179 115 144 2,191
WageWorks (WAGE) 2,068 67% 18.8 1% 1,629 957 456 307 12 75 1,406
Ctrip (CTRP) 2,016 0% 185,830 97,097 0 0 0 0 342
Conduent (CNDT) 1,871 24% -1.2 -32% 5,303 3,260 4,856 1,182 -1,714 -1,315 1,586
Viad (VVI) 1,623 0% 14.9 3% 1,222 713 1,343 0 32 128 1,902
LendingClub (LC) 1,315 0% 2.6 -2% 3,067 2,193 731 0 -67 310 814
CBIZ (CBZ) 1,306 15% 12.4 5% 1,377 743 929 135 67 110 1,367

Balance Sheet ($MM)2015-01-312016-01-312017-01-312018-01-312019-01-31
Cash11184140241361
Accounts Receivable914172226
Inventory1110
PP&E34588
Assets159220279369510
Accounts Payable12324
Long-Term Debt
Liabilities1516172333
Stockholders' Equity144203262346477
Income Statement ($MM)2015-01-312016-01-312017-01-312018-01-312019-01-31
Revenue88127178230287
Cost of Revenue40547295106
Gross Profit4873106135181
R&D1117222735
SG&A1927384863
Tax2-1152
Net Income1017264774
Cash Flow ($MM)2015-01-312016-01-312017-01-312018-01-312019-01-31
Cash Operating15274682113
Cash Investing-8-91-13-3726
Cash Financing9037241523