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HealthEquity Reports Fiscal Year and Fourth Quarter Ended January 31, 2021 Financial Results
Highlights of the fiscal year include: Revenue of $733.6 million, an increase of 38% compared to $532.0 million in FY20.Net income of $8.8 million, compared
About this update from Healthequity, Inc.
[{"type":"text","content":"Highlights of the fiscal year include: Revenue of $733.6 million, an increase of 38% compared to $532.0 million in FY20.Net income of $8.8 million, compared to $39.7 million in FY20, with non-GAAP net income of $126.3 million, compared to $114.8 million in FY20.Net income per diluted share of $0.12, compared to $0.58 in FY20, with non-GAAP net income per diluted share of $1.67, compared to $1.68 in FY20.Adjusted EBITDA of $240.8 million, an increase of 23% compared to $196.5 million in FY20.5.8 million HSAs, an increase of 8% compared to FY20.$14.3 billion Total HSA Assets, an increase of 24% compared to FY20.12.8 million Total Accounts, including both HSAs and complementary CDB accounts, the same as in FY20. Highlights of the fourth quarter include: Revenue of $188.2 million, a decrease of 6% compared to $201.2 million in Q4 FY20.Net income of $5.4 million, compared to net loss of $0.2 million in Q4 FY20, with non-GAAP net income of $33.3 million, compared to $28.4 million in Q4 FY20.Net income per diluted share of $0.07, compared to net loss of less than one-half of one cent in Q4 FY20, with non-GAAP net income per diluted share of $0.42, compared to $0.40 in Q4 FY20.Adjusted EBITDA of $56.6 million, a decrease of 8% compared to $61.3 million in Q4 FY20. DRAPER, Utah, March 15, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (\"HealthEquity\" or the \"Company\"), the nation's largest health savings account non-bank custodian, today announced financial results for its fourth quarter and fiscal year ended January 31, 2021. “The team delivered strong results in fiscal 2021, growing revenue by 38% to $734 million and Adjusted EBITDA by 23% to $241 million,” said Jon Kessler, president and CEO of HealthEquity. “Fiscal 2022 is off to a fast start as well, with early client and partner wins as well as the acquisition of Luum, which will help our clients return to work.” Fiscal year financial results The comparability of the Company's financial results between years is impacted by its acquisition of WageWorks. As the WageWorks acquisition closed on August 30, 2019, WageWorks' results of operations are included in the Company's consolidated results of operations for the entire fiscal year ended January 31, 2021, but are only included in the consolidated results of operations for approximately five months during the fiscal yea...