HEALTHEQUITY, INC. HQY Income Statement

Healthequity, inc. (HQY)

Income statement / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jul'13
Total revenue
201,200	157,118	86,623	87,052	75,777	70,495	71,067	69,904	60,436	56,789	56,879	55,421	46,814	43,358	44,185	44,013	35,886	30,556	30,494	29,850	24,871	21,862	20,891	20,231	14,982
Total cost of revenue
87,519	61,083	28,183	29,299	31,332	24,678	24,492	25,548	28,790	23,062	21,077	21,680	22,585	17,467	15,631	16,332	17,455	12,880	11,909	11,944	12,358	9,630	9,122	8,772	6,639
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	263	176	118	111
Other costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	1	1	15
Gross profit
113,681	96,035	58,440	57,753	44,445	45,817	46,575	44,356	31,646	33,727	35,802	33,741	24,229	25,891	28,554	27,681	18,431	17,676	18,585	17,906	12,513	12,232	11,769	11,459	8,343
Operating expenses
Sales and marketing
13,936	12,654	8,391	8,970	7,893	7,502	7,243	6,860	7,432	5,892	5,194	4,621	5,556	4,391	4,190	4,183	4,665	3,067	2,737	2,833	3,790	2,275	2,321	2,233	1,837
Technology and development
31,515	23,511	11,645	10,905	10,002	8,678	8,398	7,979	7,480	6,866	6,797	6,242	6,548	6,209	4,993	4,625	4,891	4,419	3,998	3,524	3,202	2,811	2,302	2,186	1,659
General and administrative
23,368	19,222	9,262	8,709	8,478	9,161	7,893	7,507	6,757	6,252	6,234	5,868	4,861	5,166	5,550	4,574	3,535	3,477	3,943	3,158	3,091	2,443	1,666	1,143	825
Amortization of acquired intangible assets
18,668	13,051	1,494	1,491	1,491	1,490	1,478	1,470	1,543	1,155	1,082	1,083	1,083	1,083	1,082	1,049	981	409	409	409	410	409	409	409	409
Merger integration
-	17,675	2,784	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
99,139	86,113	33,576	30,075	27,864	26,831	25,012	23,816	23,212	20,165	19,307	17,814	18,048	16,849	15,815	14,431	14,072	11,372	11,087	9,924	10,493	7,938	6,698	5,971	4,730
Income from operations
14,542	9,922	24,864	27,678	16,581	18,986	21,563	20,540	8,434	13,562	16,495	15,927	6,181	9,042	12,739	13,250	4,359	6,304	7,498	7,982	2,020	4,294	5,071	5,488	3,613
Other expense
Interest expense
-	10,225	-	-	-	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10
Loss on revaluation of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	735	0
Other expense, net
-602	-30,949	-1,128	23,600	-19	-1,487	-75	-1	-1,432	-395	-38	-90	-158	-256	-37	-641	-63	121	-542	-105	-98	-145	-39	-827	-40
Other expense, net
-	-	-	-	-	-	-	-	-1,706	-395	-38	-90	2,026	-256	-37	-641	-179	121	542	105	98	145	39	92	30
Income before income taxes
-607	-31,252	23,736	51,278	16,360	17,431	21,488	20,539	6,728	13,167	16,457	15,837	6,023	8,786	12,702	12,609	4,296	6,425	6,956	7,877	1,922	4,149	5,032	4,661	3,573
Income tax provision
-465	-9,900	4,400	9,456	3,241	1,745	-1,029	-2,038	823	2,685	-489	1,808	1,961	2,778	4,469	4,536	1,168	2,338	2,535	2,900	551	1,100	2,004	1,943	1,351
Net income (loss)
-190	-21,334	19,366	41,822	13,119	15,686	22,517	22,577	5,905	10,482	16,946	14,029	4,062	6,008	8,233	8,073	3,128	4,087	4,421	4,977	1,371	3,049	3,028	2,718	2,222
Net income attributable to common stockholders:
Basic (in dollars)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,624	3,020	1,565	3,849	689
Diluted (in dollars)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,821	3,036	2,591	3,453	1,834
Net income per share:
Basic (usd per share)
-0.08	-0.30	0.30	0.67	0.22	0.25	0.36	0.37	0.11	0.17	0.28	0.23	0.07	0.10	0.14	0.14	0.05	0.07	0.08	0.09	-0.38	0.06	0.19	0.52	0.12
Diluted (usd per share)
-0.07	-0.30	0.30	0.65	0.20	0.25	0.36	0.36	0.10	0.17	0.27	0.23	0.06	0.10	0.14	0.14	0.04	0.07	0.08	0.09	0.02	0.05	0.06	0.08	0.05
Weighted-average number of shares used in computing net income per share:
Basic (shares)
71,034	70,524	64,220	62,326	62,206	62,088	61,880	61,170	60,761	60,562	60,173	59,720	59,456	58,938	58,246	57,820	57,730	57,353	56,730	55,063	55,544	53,678	8,135	7,367	5,566
Diluted (shares)
73,804	70,524	65,583	63,901	63,467	63,923	63,397	62,693	62,383	61,868	61,765	61,400	60,453	60,073	59,651	59,399	59,487	59,263	58,932	57,770	64,455	57,553	41,680	43,736	37,504
Comprehensive income:
Net income
-190	-21,334	19,366	41,822	13,119	15,686	22,517	22,577	5,905	10,482	16,946	14,029	4,062	6,008	8,233	8,073	3,128	4,087	4,421	4,977	1,371	3,049	3,028	2,718	2,222
Other comprehensive loss:
Unrealized loss on available-for-sale marketable securities, net of tax
-	-	-	-	-	-	-	-	-36	7	-4	-26	-32	-23	27	-39	-31	-34	-11	-22	0	0	0	0	-
Comprehensive income
-190	-21,334	19,366	41,822	13,119	15,686	22,517	22,577	5,869	10,489	16,942	14,003	4,030	5,985	8,260	8,034	3,097	4,053	4,410	4,955	1,371	3,049	3,028	2,718	2,222
Service revenue
Total revenue
122,158	87,620	26,282	26,808	25,767	25,041	24,935	24,821	23,361	22,962	22,809	22,487	20,644	18,781	18,835	18,994	17,101	15,201	14,692	14,614	13,713	11,086	10,548	10,388	7,209
Total cost of revenue
78,191	52,278	19,745	20,649	24,050	17,562	17,199	18,047	22,602	17,251	14,998	15,575	17,397	12,675	10,539	11,257	13,256	9,395	8,348	8,419	9,654	7,057	6,703	6,428	4,705
Custodial revenue
Total revenue
49,354	46,972	43,614	41,952	35,465	31,564	30,715	28,434	24,451	22,105	21,285	19,319	16,036	14,967	14,779	13,811	11,163	9,142	9,031	8,419	6,817	6,196	5,934	5,427	4,648
Total cost of revenue
4,847	4,384	4,209	4,123	3,632	3,551	3,502	3,439	3,030	2,784	2,785	2,801	2,556	2,461	2,394	2,356	2,051	1,536	1,512	1,423	1,147	1,050	1,006	938	910
Interchange revenue
Total revenue
29,688	22,526	16,727	18,292	14,545	13,890	15,417	16,649	12,624	11,722	12,785	13,615	10,134	9,610	10,571	11,208	7,622	6,213	6,771	6,817	4,898	4,317	4,233	4,298	3,014
Total cost of revenue
4,481	4,421	4,229	4,527	3,650	3,565	3,791	4,062	3,158	3,027	3,294	3,304	2,632	2,331	2,698	2,719	2,148	1,949	2,049	2,102	1,615	1,467	1,412	1,405	1,009