The total number of HSAs as of
"Our ongoing investments in innovations helped Team Purple drive record results, breaking the one million new HSAs from sales ceiling and adding nearly
Total Accounts (unaudited)
| (in thousands, except percentages) | % 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% |
* Not meaningful
HSA Assets (unaudited)
| (in millions, except percentages) | % 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% | ||||
The following table summarizes the amount of HSA cash expected to reprice by fiscal year and the respective average annualized yield as of
| Year ending |
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% | |
(1) Excludes
Business outlook
The Company affirmed its previously provided outlook for the fiscal year ended
Upcoming events and presentations
The Company set the date for reporting its fourth quarter and fiscal year 2025 results.
| HealthEquity Fourth Quarter and Fiscal Year End 2025 Results Conference Call |
|
| Date: | |
| Time: | |
| Dial-In: | 1-844-481-2556 (US and |
| Conference ID: | |
| Webcast: | ir.healthequity.com |
The Company also announced that its management team plans to present and meet with investors at the following conference:
| Location: | |
| Date: | |
| Time: | |
| Webcast: | None |
About HealthEquity
Forward-looking statements
This press release contains and incorporates “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our industry, business strategy, plans, goals and expectations concerning our markets and market position, product expansion, future operations, expenses and other results of operations, revenue, margins, profitability, acquisition synergies, future efficiencies, tax rates, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words “may,” “believes,” “intends,” “seeks,” “aims,” “anticipates,” “plans,” “estimates,” “expects,” “should,” “assumes,” “continues,” “could,” “will,” “future” and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release.
Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to be correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, risks related to the following:
- our ability to adequately place and safeguard our custodial assets, or the failure of any of our depository or insurance company partners;
- our ability to compete effectively in a rapidly evolving healthcare and benefits administration industry;
- our dependence on the continued availability and benefits of tax-advantaged HSAs and other CDBs;
- risks relating to our recent CEO transition;
- the impact of fraudulent account activity on our reputation and financial results;
- our ability to successfully identify, acquire and integrate additional portfolio purchases or acquisition targets;
- the significant competition we face and may face in the future, including from those with greater resources than us;
- our reliance on the availability and performance of our technology and communications systems;
- recent and potential future cybersecurity breaches of our technology and communications systems and other data interruptions, including resulting costs and liabilities, reputational damage and loss of business;
- the current uncertain healthcare environment, including changes in healthcare programs and expenditures and related regulations;
- our ability to comply with current and future privacy, healthcare, tax, ERISA, investment adviser and other laws applicable to our business;
- our reliance on partners and third-party vendors for distribution and important services;
- our ability to develop and implement updated features for our technology platforms and communications systems; and
- our reliance on our management team and key team members.
For a detailed discussion of these and other risk factors, please refer to the risks detailed in our filings with the
Investor Relations Contact
801-727-1000
rputnam@healthequity.com
Certain terms
| 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. |
Source: HealthEquity, Inc.