HEALTHEQUITY, INC.
HQY · Services-Business Services, NEC · 83.6M shares · +6%/yr ↑ dilution · EDGAR filings ↗
Reference price $95.00 · est. market cap ~$7.9B — last insider sale, 2026-05-29 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80gen composite 73pct→80
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Strong balance sheetStrong balance sheet — $319M cash & investments
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +1 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
69.5%
Operating margin
24.6%
Net margin
16.4%
Return on equity
10.2%
Return on assets
6.4%
ROIC
8.3%
Revenue growth (QoQ)
7.2%
Net-income growth
122.5%
Debt / equity
0.5×
Net debt / EBITDA
1.3×
Current ratio
3.3×
Free cash flow
$455M
EBITDA
$477M
Tangible book value
-$638M
Cash & investments
$319M
Stock comp / revenue
5.6%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Cutler Scott | President and CEO | — |
| Delano LaddExecutive | Officer | $4M FY2026 |
| Elimelech RosnerFormer | Officer | $5M FY2026 |
| Fiore Michael Henry | EVP, CHIEF COMMERCIAL OFFICER | — |
| Gathright Michael | Chief Customer Officer | — |
| James LucaniaExecutive | Officer | $5M FY2026 |
| Ladd Delano | EVP, General Counsel | — |
| Lucania James M | EVP & CFO | — |
| Rosner Elimelech | EVP, CHIEF TECHNOLOGY OFFICER | — |
| Stephen Neeleman | M.D.(6)Founder and Vice Chairman | $3M FY2026 |
| Adrian Dillon | Director | $320K FY2026 |
| Debra McCowan | Director | $295K FY2026 |
| Evelyn Dilsaver | Director | $310K FY2026 |
| Gassen William | Director | — |
| Gayle Wellborn | Director | $295K FY2026 |
| Kessler Jon | Director | — |
| Parker Stuart B. | Director | — |
| Paul Black | Director | $21K FY2026 |
| Rajesh Natarajan | Director | $295K FY2026 |
| Robert Selander | Director | $385K FY2026 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-25 | Gassen William | Grant | 2.9K | — |
| 2026-06-25 | Parker Stuart B. | Grant | 2.9K | — |
| 2026-06-25 | Natarajan Rajesh | Grant | 2.9K | — |
| 2026-06-25 | McCowan Debra Charlotte | Grant | 2.9K | — |
| 2026-06-25 | Wellborn Gayle Furgurson | Grant | 2.9K | — |
| 2026-06-25 | Dilsaver Evelyn S | Grant | 2.9K | — |
| 2026-06-25 | DILLON ADRIAN T | Grant | 2.9K | — |
| 2026-06-25 | SELANDER ROBERT W | Grant | 2.9K | — |
| 2026-05-29 | Fiore Michael Henry | Sell | 3.1K | $95.00 |
| 2026-05-28 | Wellborn Gayle Furgurson | Option exercise | 2.4K | $47.21 |
| 2026-05-28 | Wellborn Gayle Furgurson | Sell | 2.4K | $90.00 |
| 2026-05-28 | Ladd Delano | Sell | 7.5K | $90.00 |
| 2026-04-06 | Fiore Michael Henry | Tax withheld | 3.4K | $83.84 |
| 2026-04-06 | Rosner Elimelech | Tax withheld | 4.8K | $83.84 |
| 2026-04-06 | Cutler Scott | Tax withheld | 4.9K | $83.84 |
| 2026-04-06 | Ladd Delano | Tax withheld | 2.5K | $83.84 |
| 2026-04-06 | Lucania James M | Tax withheld | 4.4K | $83.84 |
| 2026-04-06 | Neeleman Stephen | Tax withheld | 2.6K | $83.84 |
| 2026-03-31 | Rosner Elimelech | Tax withheld | 18K | $82.53 |
| 2026-03-31 | Ladd Delano | Tax withheld | 7.7K | $82.53 |
| 2026-03-31 | Neeleman Stephen | Tax withheld | 9.3K | $82.53 |
| 2026-03-25 | Gathright Michael | Grant | 15K | — |
| 2026-03-25 | Fiore Michael Henry | Grant | 18K | — |
| 2026-03-25 | Rosner Elimelech | Grant | 20K | — |
| 2026-03-25 | Rosner Elimelech | Grant | 41K | — |
| 2026-03-25 | Cutler Scott | Grant | 73K | — |
| 2026-03-25 | Ladd Delano | Grant | 15K | — |
| 2026-03-25 | Ladd Delano | Grant | 20K | — |
| 2026-03-25 | Lucania James M | Grant | 27K | — |
| 2026-03-25 | Neeleman Stephen | Grant | 16K | — |
| 2026-03-25 | Neeleman Stephen | Grant | 24K | — |
| 2026-02-02 | Parker Stuart B. | Grant | 1.3K | — |
| 2026-02-02 | Natarajan Rajesh | Grant | 976 | — |
| 2026-01-12 | Cutler Scott | Tax withheld | 12K | $89.83 |
| 2026-01-09 | Fiore Michael Henry | Tax withheld | 1.7K | $95.24 |
| 2026-01-09 | Rosner Elimelech | Tax withheld | 2.1K | $95.24 |
| 2026-01-09 | Ladd Delano | Tax withheld | 739 | $95.24 |
| 2026-01-09 | Lucania James M | Tax withheld | 2.5K | $95.24 |
| 2026-01-09 | Neeleman Stephen | Tax withheld | 791 | $95.24 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Shareholder voteExhibits | filing ↗ |
| 2026-05-28 | ResultsExhibits | filing ↗ |
| 2026-05-08 | Exec/director changeExhibits | filing ↗ |
| 2026-04-06 | Exec/director changeExhibits | filing ↗ |
| 2026-03-30 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-17 | ResultsExhibits | filing ↗ |
| 2026-02-17 | ResultsExhibits | filing ↗ |
| 2026-01-12 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-25 | 0001428336-26-000034 ↗ |
| 10-Q | 2026-05-28 | 2026-04-30 | 0001428336-26-000028 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001428336-26-000027 ↗ |
| DEF 14A | 2026-05-13 | 2026-01-31 | 0001428336-26-000022 ↗ |
| 8-K | 2026-05-08 | 2026-05-05 | 0001428336-26-000016 ↗ |
| 8-K | 2026-04-06 | 2026-04-06 | 0001428336-26-000014 ↗ |
| 8-K | 2026-03-30 | 2026-03-26 | 0001428336-26-000012 ↗ |
| 10-K | 2026-03-17 | 2026-01-31 | 0001428336-26-000010 ↗ |
| 8-K | 2026-03-17 | 2026-03-17 | 0001428336-26-000009 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001428336-26-000005 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001428336-26-000003 ↗ |
| 10-Q | 2025-12-03 | 2025-10-31 | 0001428336-25-000036 ↗ |