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Jul 31, 2021
HealthEquity Q2 2022 Earnings Report
HealthEquity's performance in Q2 2022 showed revenue growth and strategic acquisitions were planned.
Key Takeaways
HealthEquity reported a 7% increase in revenue to $189.1 million for the second quarter ended July 31, 2021. The company's HSA count grew by 11% year-over-year, reaching 6.0 million, and total HSA assets increased by 27% to $15.5 billion. The company reported a net loss of $3.8 million, or $0.05 per diluted share, and non-GAAP net income of $33.4 million, or $0.40 per diluted share.
Revenue increased by 7% to $189.1 million compared to Q2 FY21.
Net loss was $3.8 million, while non-GAAP net income reached $33.4 million.
Total HSAs grew by 11% to 6.0 million compared to the previous year.
Total HSA Assets increased by 27% to $15.5 billion compared to the previous year.
Revenue by Segment
Forward Guidance
For the fiscal year ending January 31, 2022, management expects revenues of $755 million to $765 million. Its outlook for net loss is between $17 million and $13 million, resulting in net loss of $0.20 to $0.15 per diluted share. Its outlook for non-GAAP net income is between $122 million and $126 million, resulting in non-GAAP net income per diluted share of $1.45 to $1.50. Management expects Adjusted EBITDA of $241 million to $247 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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