HealthEquity HQY

HealthEquity trades at 5.8x EV/NTM revenue on a $8.65B enterprise value. Revenue grew 7.6% year over year to $350.7M in the quarter ending July 2026, an annual run rate of $1.4B. HealthEquity reports a 73.5% gross margin.

ARR ($M)
Net Dollar Retention
--
ARR Growth
--
EV / NTM Revenue
5.8x
Payback Period
EV / Run Rate
6.2x
Price & Key Metrics
Price Performance
Company Details
Share Price: 96.37
Last Filing Date: 2026-07-31
Fiscal Year End: 01-31
Last Filing: Form
Founding Year: 2002
IPO Year: 2014
% of 52 wk High: 90%
Description
HealthEquity Inc provides solutions that allow consumers to make healthcare saving and spending decisions. Its technology allows customers to see their tax-advantaged healthcare savings, compare treatment options and pricing, pay healthcare bills, receive benefit information, and earn wellness incentives. The firm primarily partners with health plans and employers and serves as the custodian of its customers' health savings accounts (HSAs). HealthEquity also engages in reimbursement arrangements and offers healthcare incentives to its members. In addition, the company provides investment advisory services to customers whose account balances exceed a certain threshold. HealthEquity generates its revenue in the United States.
Reporting Notes
Categories
Fintech Healthtech Healthcare Services Financial Services Enterprise Software
Valuation
Market Cap: 7,971.273
Enterprise Value: 8,646.332
EV / Revenue Run Rate: 6.2x
EV / NTM Revenue: 5.8x
EV / 2026 Revenue Estimates: 6.2x
EV / 2027 Revenue Estimates: 5.7x
EV / 2028 Revenue Estimates: 5.3x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: --
ARR Growth %: --
ARR/Customer ($K): --
ARR/Employee ($K): --
Revenue
Revenue Run Rate: 1,402
ARR: --
2026 Revenue Estimates: 1,402
2027 Revenue Estimates: 1,509
2028 Revenue Estimates: 1,629
LTM Revenue: 1,362
Last Year Run Rate: 1,303
Growth
Revenue Growth: 8%
ARR Growth: --
Growth Persistence: 88%
2026 Revenue Growth Estimates: 8%
2027 Revenue Growth Estimates: 8%
2028 Revenue Growth Estimates: 8%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is HealthEquity growing?

HealthEquity grew revenue 7.6% year over year, reaching $350.7M in the quarter ending July 2026.

What multiple does HealthEquity trade at?

HealthEquity trades at 5.8x EV/NTM revenue and 6.2x EV/run-rate, on an enterprise value of $8.65B.

Is HealthEquity profitable?

For HealthEquity, LTM free cash flow margin is 32.0%.

What sector is HealthEquity in?

Public Comps classifies HealthEquity under Fintech, Healthtech, Healthcare Services, Financial Services, and Enterprise Software.

Where does Public Comps get HealthEquity's data?

Figures come from HealthEquity's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.