HealthEquity's Long-Term Growth Intact Despite Short-Term Margin Pressures, Analyst Says

On Tuesday, HealthEquity, Inc. (NASDAQ:HQY) reported fourth-quarter adjusted EPS of 69 cents, up from 63 cents a year ago, missing the consensus of 72 cents.

Revenue increased 19% year over year to $311.8 million, beating the consensus of $306.05 million.

The health savings account custodian reported adjusted EBITDA of $107.8 million, an increase of 9%.

Health savings accounts (HSAs) as of January 31, 2025, were 9.9 million, an increase of 14% year over year, including 753,000 HSAs with investments, an increase of 23% year over year. As of January 31, 2025, total accounts were 17.0 million, including 7.1 million other consumer-directed benefits (CDBs).

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