HEALTHEQUITY, INC.
For the period ended Jul 31, 2026. Filed Aug 27, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2026 · Filed Aug 27, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
| ☑ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the quarterly period ended July 31, 2026
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
Commission file number:001-36568
HEALTHEQUITY, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 52-2383166 |
|---|---|
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. EmployerIdentification Number) |
15 West Scenic Pointe Drive
Suite 100
Draper, Utah 84020
(Address of principal executive offices) (Zip code)
(801)727-1000
(Registrant's telephone Number, including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common stock, par value $0.0001 per share | HQY | The NASDAQ Global Select Market |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☑ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth Company | ☐ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☑
As of August 20, 2026, there were 82,715,296 shares of the registrant's common stock outstanding.
Form 10-Q quarterly report
Table of contents
| Page | ||
|---|---|---|
| Part I. FINANCIAL INFORMATION | ||
| Item 1. · Financial statements | ||
| Condensed consolidated balance sheets as of July 31, 2026 (unaudited) and January 31, 2026 | 3 | |
| Condensed consolidated statements of operations for the three and six months ended July 31, 2026 and 2025 (unaudited) | 4 | |
| Condensed consolidated statements of comprehensive income for the three and six months ended July 31, 2026 and 2025 (unaudited) | 5 | |
| Condensed consolidated statements of stockholders' equity for the three and six months ended July 31, 2026 and 2025 (unaudited) | 6 | |
| Condensed consolidated statements of cash flows for the six months ended July 31, 2026 and 2025 (unaudited) | 7 | |
| Notes to condensed consolidated financial statements (unaudited) | 9 | |
| Item 2. | Management's discussion and analysis of financial condition and results of operations | 20 |
| Item 3. | Quantitative and qualitative disclosures about market risk | 35 |
| Item 4. | Controls and procedures | 36 |
| Part II. OTHER INFORMATION | ||
| Item 1. | Legal proceedings | 38 |
| Item 1A. | Risk factors | 38 |
| Item 2. | Unregistered sales of equity securities and use of proceeds | 38 |
| Item 5. | Other information | 38 |
| Item 6. | Exhibits | 39 |
| Signatures | 40 | |
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