HealthEquity, Inc.

HQY Healthcare Health Information Services

HealthEquity, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.3 billion, up 9.47% from fiscal 2025.

Revenue
+7.64%
EPS
+14.5%
Free cash flow
−3.44%
Total debt
−7.53%

Quarter to July 2026, against a year earlier

103.64 0.18 +0.17%
Market cap
$8.6B
P/E
36.9×
Fwd P/E
34.8×
Dividend yield
—
F-score
9/9
Altman Z
4.39
Beneish M
−2.77
Dividend safety
n/a

HealthEquity, Inc. (HQY) Debt to equity

Alert me on Debt to equity

HealthEquity, Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 0.5×, up 0.0× from fiscal 2026 (0.5×). Over the past ten years it has ranged from 0.0× (fiscal 2019) to 1.2× (fiscal 2020); the current reading is higher than 58% of that period. That is above the Health Information Services industry median of 0.0× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.5× (9.05%)
FY2025 0.5× 16.16%
FY2024 0.4× (11.90%)
FY2023 0.5× (2.87%)
FY2022 0.5× (29.79%)
FY2021 0.7× (39.59%)
FY2020 1.2× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period Debt to equity Change
Jul 2026 0.5× 1.61%
Apr 2026 0.5× 1.34%
Jan 2026 0.5× (1.28%)
Oct 2025 0.5× (1.90%)
43 more quarters

Against its own ten years

Low 0.0× High 1.2×
Ten-year median 0.4×
Current reading's percentile 58

Debt to equity against peers

Company Debt to equity
HNGE Hinge Health Inc. compare 0.0×
HTFL Heartflow, Inc. compare 0.0×
DOCS Doximity, Inc. compare 0.0×
SDGR Schrodinger, Inc. compare 0.0×
PRVA Privia Health Group, Inc. compare 0.0×
WAY Waystar Holding Corp. compare 0.4×
HQY HealthEquity, Inc. 0.5×
BTSG BrightSpring Health Services, Inc. compare 1.0×
TEM Tempus AI, Inc. compare 2.7×
Health Information Services industry median 0.0×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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