Healthequity Inc Stock Price, News & Analysis

HealthEquity (HQY) released new research on employee transitions from remote work to office-based schedules, highlighting commuting challenges and benefits solutions. The 2025 RTO and Commuter Insights study revealed that 54% of employees identified commuting costs as the primary obstacle to office attendance.

Key findings show that 75% of employees reported positive RTO experiences, and 83% noted improved work quality after returning to office. While 65% of employees are aware of tax-free commuter benefits, only 47% currently use them. The study found a correlation between higher commuting costs and lower office attendance, with cost concerns affecting employee wellbeing and sleep quality.

With companies averaging approximately 3 days per week of mandatory office time, HealthEquity emphasizes that commuter benefits can help organizations develop flexible RTO policies aligned with workforce needs, potentially improving employee wellbeing and productivity.

HealthEquity (HQY), the largest HSA custodian in the US, reported strong fiscal year 2025 results, with total HSAs reaching 9.9 million, up 14% from the previous year. Total Accounts increased 9% to 17.0 million, while HSA Assets grew 27% to $32.1 billion.

The company achieved record sales with over one million new HSAs and added nearly $7 billion in HSA Assets. HSA investments showed significant growth of 44% to $14.7 billion, while HSA cash increased 16% to $17.4 billion. The company provided an updated HSA cash repricing schedule, with an average annualized yield of 3.4% across different timeframes through 2029 and beyond.

HealthEquity affirmed its previously provided business outlook for fiscal years 2025 and 2026, and announced its fourth quarter earnings call scheduled for March 18, 2025.

HealthEquity (NASDAQ: HQY), the largest HSA custodian in the US, has received industry recognition for its Expedited Claims tool from the Best in Biz Awards and Brandon Hall Excellence in Technology Awards. The AI-powered solution, released to approximately 1.1M members in 2024, has shown significant improvements in claims processing efficiency.

The tool has achieved a 66% reduction in claims processing time and an 18% increase in member satisfaction compared to traditional methods. Claims processing time has been reduced from approximately two business days to under two minutes for over 60% of claims. The system automates receipt processing, categorizes items, and efficiently handles variables like discounts and taxes, resulting in fewer errors and faster reimbursements.

HealthEquity (NASDAQ: HQY), the largest HSA custodian in the US, announced strong fiscal year-end estimates for January 31, 2025. The company projects approximately 9.8 million HSAs, up from 8.7 million the previous year, and HSA Assets of approximately $31 billion, increasing from $25.2 billion, including $17 billion in HSA Cash.

Total Accounts are estimated to reach 17 million, compared to 15.7 million at the end of fiscal year 2024. The company achieved nearly 1 million New HSAs from Sales and maintains an integrated network of over 200 Network Partners. Management will present these results at the 43rd Annual J.P. Morgan Healthcare Conference on January 15, 2025.

HealthEquity (NASDAQ: HQY), the leader in health savings accounts (HSAs), has received multiple workplace excellence awards in 2024, including recognition as a USA TODAY Top Workplace and eight Cultural Excellence Awards from Energage. The company earned regional distinctions across nine states, including Arizona, California, Florida, Georgia, Kentucky, Minnesota, Texas, Utah, and Wisconsin.

The recognition highlights HealthEquity's commitment to fostering an innovative, inclusive, and supportive workplace culture. Key areas where employees ranked the company highly include diversity and inclusion, culture and values, and work-life balance. The company offers comprehensive benefits including flexible remote work, unlimited PTO for exempt employees, 14 paid holidays, adventure accounts, mental health benefits, and various professional development opportunities.

HealthEquity (HQY) reported strong Q3 FY25 results with revenue of $300.4 million, up 21% year-over-year. The company achieved net income of $5.7 million ($0.06 per diluted share) and non-GAAP net income of $69.4 million ($0.78 per diluted share). Key metrics showed significant growth with 9.5 million HSAs (up 15%), Total HSA Assets of $30.0 billion (up 33%), and 16.5 million Total Accounts (up 8%). The company repurchased 0.7 million shares for $60.0 million and raised its FY25 guidance, projecting revenue between $1.185-1.195 billion and Adjusted EBITDA of $470-480 million.

HealthEquity has announced a webinar focused on 2025 benefits trends, scheduled for December 10, 2024. The event will address benefits affordability and cost containment strategies for employers and employees. Key topics include technology-driven cost transparency, with nearly 80% of young consumers open to AI-driven solutions, and strategies to address the 30% of healthcare consumers who delay care due to costs. The panel features experts including Julia May from Wayne-Sanderson Farms, Ned Godwin from TIAA, and Dr. Steve Neeleman from HealthEquity. The discussion will explore solutions like HSA optimization and Lifestyle Spending Accounts, considering an anticipated 8% medical cost increase.

HealthEquity (NASDAQ: HQY) announced that Chief Marketing Officer Tia Padia has received the MarCom Visionary CMO Award for developing the HealthEquity Immersion Experience. This innovative project, launched in early 2024, showcases the company's understanding of client and member benefits through an interactive, immersive event. The experience combines virtual and artificial reality technologies to demonstrate how HealthEquity supports healthcare consumers in managing their expenses. The project features immersive insights through high-resolution visuals, research-informed member personas, and empathy-driven engagement to highlight the company's commitment to improving healthcare consumer experiences.

HealthEquity (NASDAQ: HQY), the nation's largest HSA custodian, announced that CEO Jon Kessler will retire effective January 6, 2025, after 15 years of leadership. Scott Cutler has been appointed as the new President and CEO, joining the company on the same date. Cutler, 55, brings extensive experience from his roles as CEO of StockX , Senior VP at eBay, and President of StubHub. Kessler will remain as a director and special advisor through April 30, 2025. The company will host a conference call on November 12, 2024, to discuss the transition plan.