HealthEquity (HQY) Tops Q2 EPS by 5c

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Go back to HealthEquity (HQY) Tops Q2 EPS by 5c

HealthEquity Reports Second Quarter Ended July 31, 2023 Financial Results

September 5, 2023 4:00 PM EDT

Delivers Record HSA Asset Growth, Margin Expansion

Highlights of the second quarter include:

Revenue of $243.5 million, an increase of 18% compared to $206.1 million in Q2 FY23.Net income of $10.6 million, compared to net loss of $10.7 million in Q2 FY23, with non-GAAP net income of $45.6 million, an increase of 62% compared to $28.1 million in Q2 FY23.Net income per diluted share of $0.12, compared to net loss per diluted share of $0.13 in Q2 FY23, with non-GAAP net income per diluted share of $0.53, compared to $0.33 in Q2 FY23.Adjusted EBITDA of... More