Company name:
HealthEquity Inc
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IPO SHARE PRICE:$14.00
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IPO DATE:July 31, 2014
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TICKER:HQY
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MAIN STOCK EXCHANGE:NASDAQ
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CURRENT HQ LOCATION:15 West Scenic Pointe Drive Suite 100 Draper Utah 84020
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FISCAL YEAR END:January 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
HealthEquity Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Income Statement
(USD in thousand)
Selected Year:
31-Jan
2021
2021
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
58.7% —
Service revenue
26.0% —
Custodial fee revenue
15.2% —
Interchange revenue
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Account fee revenue | - | - | - | - | - | - | |||||
| Service revenue | 91,619 | 100,564 | 262,868 | 430,966 | 430,966 | 445,312 | |||||
| Custodial fee revenue | 87,160 | 126,178 | 181,892 | 190,933 | 190,933 | 194,324 | |||||
| Card fee revenue | - | - | - | - | - | - | |||||
| Interchange revenue | 50,746 | 60,501 | 87,233 | 111,671 | 111,671 | 113,040 | |||||
| Other revenue | - | - | - | - | - | - | |||||
| Total Revenue | $229,525 | $287,243 | $531,993 | $733,570 | $733,570 | $752,676 |
Selected Year:
31-Jan
2021
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
95.4%
38.2% —
Service costs
17.0% —
Product technology and development
11.5% —
General and administrative
10.4% —
Amortization of acquired intangible assets
6.8% —
Sales and marketing
6.3% —
Merger and integration costs
2.7% —
Custodial costs
2.5% —
Interchange costs
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Cost of services Account costs
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- | - | - | - | - | - | |||||
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Service costs
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70,426 | 76,858 | 170,863 | 280,214 | 280,214 | 312,076 | |||||
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Custodial costs
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11,400 | 14,124 | 17,563 | 19,574 | 19,574 | 19,076 | |||||
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Card costs
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- | - | - | - | - | - | |||||
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Interchange costs
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12,783 | 15,068 | 17,658 | 18,448 | 18,448 | 17,852 | |||||
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Total cost of revenue
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94,609 | 106,050 | 206,084 | 318,236 | 318,236 | 349,004 | |||||
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Total cost of services
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- | - | - | - | - | - | |||||
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Gross profit
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134,916 | 181,193 | 325,909 | 415,334 | 415,334 | 403,672 | |||||
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Product technology and development
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27,385 | 35,057 | 77,576 | 124,809 | 124,809 | 129,276 | |||||
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Sales and marketing
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23,139 | 29,498 | 43,951 | 49,964 | 49,964 | 53,848 | |||||
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General and administrative
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25,111 | 33,039 | 60,561 | 84,493 | 84,493 | 91,612 | |||||
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Amortization of acquired intangible assets
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4,863 | 5,929 | 34,704 | 76,064 | 76,064 | 76,636 | |||||
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Merger and integration costs
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- | - | $32,111 | $45,990 | $45,990 | $58,648 | |||||
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Other operating costs
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- | - | - | - | - | - | |||||
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Total operating expenses
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80,498 | 103,523 | 248,903 | 381,320 | 381,320 | 410,020 |
Selected Year:
31-Jan
2021
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
4.6%
4.6% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Year:
31-Jan
2021
2021
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.7%
0.7% —
Other expense or income
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| Loss on revaluation of redeemable convertible preferred stock derivative | - | - | - | - | - | - | |||||
| Loss on revaluation of warrants | - | - | - | - | - | - | |||||
| Other expense or income | - | (1,582) | (9,079) | 5,007 | 5,007 | - | |||||
| Other expense net | (1,955) | (1,582) | (9,079) | - | - | - | |||||
| Total non-operating income (expense) | (1,955) | (1,582) | (9,079) | 5,007 | 5,007 | - |
Selected Year:
31-Jan
2021
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
5.3%
5.3% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
31-Jan
2021
2021
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
4.1%
0.6% —
Income tax expense or benefit
4.8% —
Interest expense
Selected Year:
31-Jan
2021
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
1.2%
1.2% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Year:
31-Jan
2021
2021
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)