(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Exhibit No. | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL) | ||||
| HEALTHEQUITY, INC. | |||||||||||
| Date: February 18, 2025 | By: | /s/ James Lucania | |||||||||
| Name: | James Lucania | ||||||||||
| Title: | Executive Vice President and Chief Financial Officer | ||||||||||
| (in thousands, except percentages) | January 31, 2025 | January 31, 2024 | % Change | ||||||||||||||
| HSAs | 9,889 | 8,692 | 14 | % | |||||||||||||
| New HSAs from sales - Quarter-to-date | 471 | 497 | (5) | % | |||||||||||||
| New HSAs from sales - Year-to-date | 1,040 | 949 | 10 | % | |||||||||||||
| New HSAs from acquisitions - Year-to-date | 616 | — | * | ||||||||||||||
| HSAs with investments | 753 | 610 | 23 | % | |||||||||||||
| CDBs | 7,144 | 7,006 | 2 | % | |||||||||||||
| Total Accounts | 17,033 | 15,698 | 9 | % | |||||||||||||
| Average Total Accounts - Quarter-to-date | 16,677 | 15,318 | 9 | % | |||||||||||||
| Average Total Accounts - Year-to-date | 16,302 | 15,105 | 8 | % | |||||||||||||
| (in millions, except percentages) | January 31, 2025 | January 31, 2024 | % Change | ||||||||||||||
| HSA cash | $ | 17,435 | $ | 15,006 | 16 | % | |||||||||||
| HSA investments | 14,676 | 10,208 | 44 | % | |||||||||||||
| Total HSA Assets | 32,111 | 25,214 | 27 | % | |||||||||||||
| Average daily HSA cash - Quarter-to-date | 16,634 | 14,210 | 17 | % | |||||||||||||
| Average daily HSA cash - Year-to-date | 16,206 | 14,071 | 15 | % | |||||||||||||
| Year ending January 31, (in billions, except percentages) | HSA cash expected to reprice | Average annualized yield | |||||||||
| 2026 | $ | 2.3 | 2.5 | % | |||||||
| 2027 | 4.1 | 1.9 | % | ||||||||
| 2028 | 2.1 | 4.0 | % | ||||||||
| 2029 | 1.5 | 3.6 | % | ||||||||
| Thereafter | 6.6 | 4.4 | % | ||||||||
| Total (1) | $ | 16.6 | 3.4 | % | |||||||
| Term | Definition | ||||
| HSA | A financial account through which consumers spend and save long-term for healthcare on a tax-advantaged basis. | ||||
| CDB | Consumer-directed benefits offered by employers, including flexible spending and health reimbursement arrangements (“FSAs” and “HRAs”), Consolidated Omnibus Budget Reconciliation Act (“COBRA”) administration, commuter and other benefits. | ||||
| HSA member | Consumers with HSAs that we serve. | ||||
| Total HSA Assets | HSA members’ custodial cash assets held by our federally insured depository partners and our insurance company partners. Total HSA Assets also includes HSA members' investments in mutual funds through our custodial investment fund partner. | ||||
| Total Accounts | The sum of HSAs and CDBs on our platforms. | ||||
Cover Page |
Feb. 18, 2025 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Feb. 18, 2025 |
| Entity File Number | 001-36568 |
| Entity Registrant Name | HEALTHEQUITY, INC. |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 52-2383166 |
| Entity Address, Address Line One | 15 West Scenic Pointe Drive |
| Entity Address, Address Line Two | Suite 100 |
| Entity Address, City or Town | Draper |
| Entity Address, State or Province | UT |
| Entity Address, Postal Zip Code | 84020 |
| City Area Code | 801 |
| Local Phone Number | 727-1000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common stock, par value $0.0001 per share |
| Trading Symbol | HQY |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0001428336 |
| Amendment Flag | false |
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