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Added to YB: 2026-08-14

Pitch date: 2026-08-12

HQY [neutral]

HealthEquity, Inc.

-0.09%

current return

Author Info

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Company Info

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States.

Market Cap

$8.8B

Pitch Price

$105.69

Price Target

N/A

Dividend

N/A

EV/EBITDA

18.90

P/E

39.57

EV/Sales

7.13

Sector

Health Care Providers and Services

Category

N/A

Show full summary:
Company a Day #23: HealthEquity

HQY (overview): US non-bank HSA custodian & consumer-directed benefits admin (FSA, HRA, COBRA, commuter, lifestyle). B2B2C model via employers/health plans. Revenue from admin fees, custodial cash yield (rate-sensitive), card interchange, investments. Portable HSAs = sticky, aging accounts. Grew via WageWorks, Further, Luum, BenefitWallet M&A. Competes w/ Fidelity, Optum, Webster. Key: integration execution, service, trust, policy risk.

Read full article (33 min)