HQY PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

HQY ▼ -3.16% at T+5d

NEUTRAL call ✗ call lost -3.16% · α vs SPY -2.87% · entry $87.99 → $85.21

Next anchor: T+20d in 11d

Last close $88.34 (close Jun 12) · +0.40% from $87.99 entry

Entry anchored
May 28, 03:59 PM ET
via Databento tick

T+1d

+3.01%

call +3.01% · α +2.74%

$90.64

settled 17d ago

T+5d

-3.16%

call -3.16% · α -2.87%

$85.21

settled 11d ago

T+20d

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call — · α —

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in 11d

T+60d

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call — · α —

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in 2mo

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Executive Summary

HealthEquity reported Q1 FY2027 revenue of $354.6M (+7% YoY), beating the $352.2M consensus, but GAAP EPS of $0.82 missed the $1.11 consensus estimate by 26%. The company raised fiscal 2027 guidance and authorized an additional $1.0B share repurchase, signaling confidence despite the headline EPS miss.

Key Financial Metrics

Guidance

$1.410-$1.420B

raised

Free Cash Flow

$81.2M

Gross Margin

72.27%

Actionable Insight

The EPS miss vs consensus is likely to create near-term selling pressure, but the raised guidance and strong HSA asset growth underpin the long-term story. Watch for the conference call tone regarding HSA cash repricing dynamics and whether the massive buyback authorization provides a floor. The 90% analyst buy rating suggests consensus will focus on the non-GAAP beat and guidance raise.

Key Facts

Revenue of $354.6M beat consensus of $352.2M, up 7% YoY
GAAP EPS of $0.82 missed consensus of $1.11 (non-GAAP EPS of $1.24 vs consensus N/A)
Net income rose 29% to $69.4M, net income margin expanded to 20% from 16%
Adjusted EBITDA grew 17% to $164.5M, margin expanded to 46% from 42%
Total HSA assets grew 19% to $37.1B; HSAs with investments up 18%
Board authorized $1.0B additional share repurchase; $123M spent in Q1
Fiscal 2027 revenue guidance raised to $1.410-$1.420B; Adjusted EBITDA $625-$633M

Financial Impact

$354.6M revenue vs $352.2M consensus (+0.7% surprise); GAAP EPS $0.82 vs $1.11 consensus (-26.1% miss). Fiscal 2027 revenue guided to $1.410-$1.420B.

revenueepsebitdahsa assetsshare repurchase

Risk Factors

GAAP EPS miss of 26% vs consensus may weigh on the stock despite revenue beat
HSA cash repricing schedule shows significant portion at low 1.8% yield through FY2027, limiting custodial revenue growth
Rising expense base: total operating expenses grew 9% YoY, outpacing revenue growth
Reliance on interest rate environment for custodial revenue; rate cuts could pressure

Market Snapshot

Exchange

Nasdaq

Sector

Services-Business Services, NEC

Analyst Consensus

90% bullish (20 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3303238

5 reports for HQY

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for HQY — sortable, filterable
	Type				Now
Jun 2, 2026 12d ago	Insider Cluster MIXED ★ 5/10	$85.21 $86.03	▲ +0.96%	▲ +0.56%	$88.34 (+3.67%)
May 28, 2026 17d ago	8-K BULLISH ★ 7/10	$87.99 $90.64	▲ +3.01%	▲ +2.75%	$88.34 (+0.40%)
May 28, 2026 17d ago	Press Release MIXED ★ 6/10	$87.99 $90.64	▲ +3.01%	▲ +2.74%	$88.34 (+0.40%)
May 8, 2026 5w ago	8-K NEUTRAL ★ 2/10	$81.65 $81.65	· 0.00%	▲ +0.14%	$88.34 (+8.19%)
Mar 17, 2026 12w ago	Press Release BULLISH ★ 8/10	$79.57 $81.13	▲ +1.96%	▲ +2.23%	$88.34 (+11.02%)

US Market Status

Market Closed — Opens in 1h 17m

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