HealthEquity

HealthEquity, Inc.

Company type	Public
Traded as	Nasdaq: HQY S&P 400 component
Founded	1 January 2002
Headquarters	Draper, Utah, U.S., Draper, UT
Key people	Scott Cutler, President and CEO Steve Neeleman, Founder and Vice Chairman
Revenue	US$756.6 million (FY ended 1/31/2022)
Operating income	-US$24.238 million (FY ended 1/31/2022)
Net income	-US$44.3 million (FY ended 1/31/2022)
Total assets	US$3.107 billion (FY ended 1/31/2022)
Total equity	US$1.852 billion (FY ended 1/31/2022)
Number of employees	3,688 (January 2022)
Website	healthequity.com
Footnotes / references [1]

HealthEquity, Inc. is an American financial technology and business services company that is designated as a non-bank health savings trustee by the IRS.^[2] This designation allows HealthEquity to be the custodian of health savings accounts regardless of which financial institution the funds are deposited with.

As of July 31, 2022, HealthEquity managed 7.5 million HSA accounts, plus 7 million other consumer-directed benefits ("CDBs") for total accounts of 14.5 million. Total HSA assets as of July 31, 2022 were $20.5 billion, including $13.1 billion of HSA cash and $7.4 billion of HSA investments.^[3]