HealthEquity, Inc.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $318.9M | $295.9M | $404.0M | $254.3M | $225.4M | $328.8M | $191.7M | $361.5M |
| Accounts Receivable | $123.7M | $118.0M | $104.9M | $96.8M | $87.4M | $72.8M | $70.9M | $25.7M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $512.3M | $477.7M | $557.4M | $382.9M | $351.3M | $460.2M | $297.3M | $394.7M |
| Property, Plant & Equipment | $3.2M | $3.2M | $6.0M | $12.9M | $23.4M | $29.1M | $33.5M | $8.2M |
| Goodwill | $1.65B | $1.65B | $1.65B | $1.65B | $1.65B | $1.33B | $1.33B | $4.7M |
| Intangible Assets (Excl. Goodwill) | $1.10B | $1.20B | $835.9M | $936.4M | $973.1M | $767.0M | $783.3M | $79.7M |
| Total Assets | $3.38B | $3.45B | $3.16B | $3.09B | $3.11B | $2.71B | $2.56B | $510.0M |
| Liabilities | ||||||||
| Accounts Payable | $12.2M | $14.4M | $12.0M | $13.9M | $27.5M | $1.6M | $4.0M | $3.5M |
| Total Current Liabilities | $156.9M | $156.3M | $117.1M | $131.1M | $153.2M | $204.7M | $151.9M | $29.1M |
| Long-Term Debt | $957.4M | $1.06B | $875.0M | $907.8M | $922.1M | $924.2M | $1.18B | $0 |
| Total Liabilities | $1.27B | $1.33B | $1.13B | $1.19B | $1.25B | $1.33B | $1.53B | $32.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $195.9M | $209.3M | $205.6M | $149.9M | $176.1M | $220.3M | $211.5M | $171.9M |
| Total Stockholders' Equity | $2.11B | $2.11B | $2.04B | $1.90B | $1.85B | $1.38B | $1.03B | $477.1M |