HEALTHEQUITY, INC. HQY Income Statement

Healthequity, inc. (HQY)

Income statement / Yearly

Jan'20	Jan'19	Jan'18	Jan'17	Jan'16	Jan'15	Jan'14	Jan'13
Total revenue
531,993	287,243	229,525	178,370	126,786	87,855	62,015	46,088
Total cost of revenue
206,084	106,050	94,609	72,015	54,188	39,882	29,213	21,968
Other revenue
-	-	-	-	-	-	-	285
Other costs
-	-	-	-	-	-	-	397
Gross profit
325,909	181,193	134,916	106,355	72,598	47,973	32,802	24,120
Operating expenses
Sales and marketing
43,951	29,498	23,139	18,320	13,302	10,619	8,602	7,795
Technology and development
77,576	35,057	27,385	22,375	16,832	10,501	7,142	4,229
General and administrative
60,561	33,039	25,111	20,151	14,113	8,343	3,897	3,367
Amortization of acquired intangible assets
34,704	5,929	4,863	4,297	2,208	1,637	1,637	1,637
Merger integration
32,111	0	0	-	-	-	-	-
Total operating expenses
248,903	103,523	80,498	65,143	46,455	31,100	21,278	17,028
Income from operations
77,006	77,670	54,418	41,212	26,143	16,873	11,524	7,092
Other expense
Interest expense
24,772	270	274	-	-	-	-	326
Loss on revaluation of warrants
-	-	-	-	-	-	614	14
Loss on revaluation of redeemable convertible preferred stock derivative
-	-	-	-	-	735	5,363	103
Other expense, net
-9,079	-1,582	-1,955	-1,092	-589	-1,109	-6,150	-590
Other expense, net
-33,851	-1,852	-2,229	1,092	589	374	173	147
Income before income taxes
43,155	75,818	52,189	40,120	25,554	15,764	5,374	6,502
Income tax provision
3,491	1,919	4,827	13,744	8,941	5,598	4,141	-4,667
Net income (loss)
39,664	73,899	47,362	26,376	16,613	10,166	1,233	11,169
Net income attributable to common stockholders:
Basic (in dollars)
-	-	-	-	-	12,058	-7,132	3,993
Diluted (in dollars)
-	-	-	-	-	10,901	-7,132	9,562
Net income per share:
Basic (usd per share)
0.59	1.20	0.79	0.45	0.29	0.39	-1.26	0.81
Diluted (usd per share)
0.58	1.17	0.77	0.44	0.28	0.21	-1.26	0.25
Weighted-average number of shares used in computing net income per share:
Basic (shares)
67,026	61,836	60,304	58,615	56,719	31,181	5,651	4,924
Diluted (shares)
68,453	63,370	61,854	59,894	58,863	51,856	5,651	37,514
Comprehensive income:
Net income
39,664	73,899	47,362	26,376	16,613	10,166	1,233	11,169
Other comprehensive loss:
Unrealized loss on available-for-sale marketable securities, net of tax
0	0	-59	-67	-98	0	0	-
Comprehensive income
39,664	73,899	47,303	26,309	16,515	10,166	1,233	11,169
Service revenue
Total revenue
262,868	100,564	91,619	77,254	61,608	45,735	31,129	22,102
Total cost of revenue
170,863	76,858	70,426	51,868	39,418	29,842	21,589	15,389
Custodial revenue
Total revenue
181,892	126,178	87,160	59,593	37,755	24,374	18,955	15,181
Total cost of revenue
17,563	14,124	11,400	9,767	6,522	4,141	3,487	3,485
Interchange revenue
Total revenue
87,233	60,501	50,746	41,523	27,423	17,746	11,931	8,520
Total cost of revenue
17,658	15,068	12,783	10,380	8,248	5,899	4,137	2,697