© Reuters.
HealthEquity, Inc. (HQY) has reported substantial growth in its fourth-quarter fiscal year-end and 2024 earnings, with a significant 16% increase in year-over-year revenue, reaching a milestone of $1 billion. The company also announced a 36% growth in adjusted EBITDA and a record Q4 driven by new logo growth and network partner production.
With 8.7 million HSA members and $25.2 billion in total HSA assets, HealthEquity is setting its sights on continued top-line growth, competitive outperformance, and doubling non-GAAP net income per share from fiscal 2024 levels over the next three years. The anticipated acquisition of BenefitWallet HSA portfolio in Q2 is part of the company’s strategy to bolster its proprietary health accounts platform and ecosystem. For fiscal 2025, HealthEquity projects revenue of $1.14 to $1.16 billion and an average yield on HSA cash of…
