HealthEquity, Inc. (HQY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the Health Equity Fourth Quarter 2025 Earnings Conference Call. Please note, this event is being recorded. I would now like to send the conference over to Richard Putnam. Please go ahead. Thank you, Gary. Love the classical hold music. It was great. Hello, everyone, and welcome to Health Equity's Fourth Quarter Fiscal Year-End 2025 Earnings Conference Call. My name is Richard Putnam. I do industrial relations for Health Equity. Joining me today is Scott Cutler, President and CEO, Dr. Steve Nealeman, Vice Chair and Founder of the company, James Lucania, Executive Vice President and CFO. Before I turn the call over to Scott, I have a couple of reminders. First, a press release announcing the financial results for our fourth quarter and fiscal year end 2025 was issued after the market closed this afternoon. These financial results include the contributions from our wholly owned subsidiaries and accounts they administer. The press release includes definitions of certain non-GAAP financial measures that we will reference today. You can find a copy of today's press release on our investor relations website, including the reconciliations of these non-GAAP measures with comparable GAAP measures and a recording of this webcast. That website is ir.healthequity.com. Second, our comments and our responses to your questions today include reflect management's view as of today, March 18, 2025, and will contain forward-looking statements as defined by the SEC, which include predictions, expectations, estimates, or other information that might be considered forward-looking. There are many important factors relating to our business which could affect the forward-looking statements made today. These forward-looking statements are subject to risk and uncer...