Flagship explainer
How HEALTHEQUITY, INC. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $1.3B | 100% |
| |
| Cost of revenue | $400M | 30% |
|
| $913M | 70% |
| |
| $322M | 25% |
| |
| Income before tax | $277M | 21% |
|
| Income tax | $62.2M | 5% |
|
| $215M | 16% |
|
Source:
- SEC filing · FY 2026Filing detailsAccession 0001428336-26-000010