Loading...
•
Jan 31
HealthEquity Q4 2025 Earnings Report
HealthEquity reported strong fourth-quarter results with significant year-over-year revenue growth and solid profitability.
Key Takeaways
HealthEquity delivered a 19% revenue increase in Q4 FY25 compared to the previous year, alongside stable net income and improved non-GAAP EPS. The company saw growth across service, custodial, and interchange revenue streams, and highlighted continued expansion in total accounts and HSA assets.
Revenue rose 19% year-over-year to $311.8 million.
Net income remained stable at $26.4 million, matching Q4 FY24 results.
Non-GAAP EPS increased from $0.63 to $0.69.
Strong growth in HSA accounts and assets, with total HSA assets reaching $32.1 billion.
HealthEquity
HealthEquity
HealthEquity Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.comCustodial Revenue
CapyFin.comInterchange Revenue
CapyFin.com Forward Guidance
Management expects continued strong growth for fiscal year 2026 with higher revenue, net income, and adjusted EBITDA projections.
Positive Outlook
- Revenue guidance between $1.28B and $1.305B for FY26.
- Net income projected between $164M and $179M.
- Non-GAAP net income forecasted between $318M and $333M.
- Expected Adjusted EBITDA between $525M and $545M.
- Continued focus on strategic initiatives and member growth.
Challenges Ahead
- Potential impacts from macroeconomic factors.
- Possible regulatory changes affecting tax-advantaged benefits.
- Competitive pressures in healthcare benefits market.
- Dependence on third-party vendors and partners.
- Risk of cybersecurity threats impacting operations.