HealthEquity Reports Year-End Sales Metrics

Core Insights - HealthEquity, Inc. reported significant growth in Health Savings Accounts (HSAs), total accounts, and HSA assets for the fiscal year ending January 31, 2025, indicating a strong performance in the health savings sector [1][2][3] HSA and Total Accounts - The total number of HSAs reached 9.9 million, marking a 14% increase from 8.7 million in the previous year [2] - Total accounts grew to 17.0 million, a 9% increase from 15.7 million as of January 31, 2024 [2] - New HSAs from sales for the year-to-date were 1,040, representing a 10% increase compared to 949 in the previous year [3] HSA Assets - HSA assets increased to $32.1 billion, a 27$25.2 billion a year earlier [2][4] - HSA cash was reported at $17.4 billion, up 16$15.0 billion [4] - HSA investments saw a substantial increase of 44%, reaching $14.7 billion compared to$10.2 billion in the previous year [4] Business Outlook - The company affirmed its guidance for fiscal years 2025 and 2026, indicating confidence in continued growth [6] - Upcoming events include a conference call on March 18, 2025, to discuss fourth quarter and fiscal year 2025 results [8] Company Overview - HealthEquity administers HSAs and other consumer-directed benefits for over 17 million accounts, partnering with employers and benefits advisors [9]