Trade HealthEquity Inc - HQY CFD

HealthEquity, Inc. Company profile

About Healthequity Inc

HealthEquity, Inc. is engaged in providing technology-enabled services platforms that helps consumers to make healthcare saving and spending decisions. It offer multiple cloud-based platforms, accessed by its members online via a desktop or mobile device, through which individuals can make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings and make investment choices. Consumers and employers use its platforms to manage tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), Consolidated Omnibus Budget Reconciliation Act (COBRA) administration, and others. It also offers a mutual fund investment platform and access to an online-only automated investment advisory service to all its members.

Financial summary

BRIEF: For the fiscal year ended 31 January 2022, Healthequity Inc revenues increased 3% to $756.6M. Net loss totaled $44.3M vs. income of $8.8M. Revenues reflect Interchange revenue increase of 14% to $126.8M, Custodial revenue increase of 6% to $202.8M. Net loss reflects Technology and development - Balancing increase of 26% to $144.2M (expense), Merger integration increase of 41% to $64.8M (expense).