HEALTHEQUITY, INC. HQY Income Statement

Healthequity, inc. (HQY)

Income statement / TTM

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
531,993	406,570	319,947	304,391	287,243	271,902	258,196	244,008	229,525	215,903	202,472	189,778	178,370	167,442	154,640	140,949	126,786	115,771	107,077	97,474	87,855	0	0	0	0
Total cost of revenue
206,084	149,897	113,492	109,801	106,050	103,508	101,892	98,477	94,609	88,404	82,809	77,363	72,015	66,885	62,298	58,576	54,188	49,091	45,841	43,054	39,882	0	0	0	0
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Other costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Gross profit
325,909	256,673	206,455	194,590	181,193	168,394	156,304	145,531	134,916	127,499	119,663	112,415	106,355	100,557	92,342	82,373	72,598	66,680	61,236	54,420	47,973	0	0	0	0
Operating expenses
Sales and marketing
43,951	37,908	32,756	31,608	29,498	29,037	27,427	25,378	23,139	21,263	19,762	18,758	18,320	17,429	16,105	14,652	13,302	12,427	11,635	11,219	10,619	0	0	0	0
Technology and development
77,576	56,063	41,230	37,983	35,057	32,535	30,723	29,122	27,385	26,453	25,796	23,992	22,375	20,718	18,928	17,933	16,832	15,143	13,535	11,839	10,501	0	0	0	0
General and administrative
60,561	45,671	35,610	34,241	33,039	31,318	28,409	26,750	25,111	23,215	22,129	21,445	20,151	18,825	17,136	15,529	14,113	13,669	12,635	10,358	8,343	0	0	0	0
Amortization of acquired intangible assets
34,704	17,527	5,966	5,950	5,929	5,981	5,646	5,250	4,863	4,403	4,331	4,331	4,297	4,195	3,521	2,848	2,208	1,637	1,637	1,637	1,637	0	0	0	0
Merger integration
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
248,903	177,628	118,346	109,782	103,523	98,871	92,205	86,500	80,498	75,334	72,018	68,526	65,143	61,167	55,690	50,962	46,455	42,876	39,442	35,053	31,100	0	0	0	0
Income from operations
77,006	79,045	88,109	84,808	77,670	69,523	64,099	59,031	54,418	52,165	47,645	43,889	41,212	39,390	36,652	31,411	26,143	23,804	21,794	19,367	16,873	0	0	0	0
Other expense
Interest expense
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss on revaluation of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Other expense, net
-9,079	-8,496	20,966	22,019	-1,582	-2,995	-1,903	-1,866	-1,955	-681	-542	-541	-1,092	-997	-620	-1,125	-589	-624	-890	-387	-1,109	0	0	0	0
Other expense, net
-	-	-	-	-	-	-	-	-2,229	1,503	1,642	1,643	1,092	-1,113	-736	-157	589	866	890	387	374	0	0	0	0
Income before income taxes
43,155	60,122	108,805	106,557	75,818	66,186	61,922	56,891	52,189	51,484	47,103	43,348	40,120	38,393	36,032	30,286	25,554	23,180	20,904	18,980	15,764	0	0	0	0
Income tax provision
3,491	7,197	18,842	13,413	1,919	-499	441	981	4,827	5,965	6,058	11,016	13,744	12,951	12,511	10,577	8,941	8,324	7,086	6,555	5,598	0	0	0	0
Net income (loss)
39,664	52,973	89,993	93,144	73,899	66,685	61,481	55,910	47,362	45,519	41,045	32,332	26,376	25,442	23,521	19,709	16,613	14,856	13,818	12,425	10,166	0	0	0	0
Net income attributable to common stockholders:
Basic (in dollars)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,058	0	0	0	0
Diluted (in dollars)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,901	0	0	0	0
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
39,664	52,973	89,993	93,144	73,899	66,685	61,481	55,910	47,362	45,519	41,045	32,332	26,376	25,442	23,521	19,709	16,613	14,856	13,818	12,425	10,166	0	0	0	0
Other comprehensive loss:
Unrealized loss on available-for-sale marketable securities, net of tax
-	-	-	-	-	-	-	-	-59	-55	-85	-54	-67	-66	-77	-115	-98	-67	-33	-22	0	0	0	0	-
Comprehensive income
39,664	52,973	89,993	93,144	73,899	66,649	61,452	55,877	47,303	45,464	40,960	32,278	26,309	25,376	23,444	19,594	16,515	14,789	13,785	12,403	10,166	0	0	0	0
Service revenue
Total revenue
262,868	166,477	103,898	102,551	100,564	98,158	96,079	93,953	91,619	88,902	84,721	80,747	77,254	73,711	70,131	65,988	61,608	58,220	54,105	49,961	45,735	0	0	0	0
Total cost of revenue
170,863	116,722	82,006	79,460	76,858	75,410	75,099	72,898	70,426	65,221	60,645	56,186	51,868	47,727	44,447	42,256	39,418	35,816	33,478	31,833	29,842	0	0	0	0
Custodial revenue
Total revenue
181,892	168,003	152,595	139,696	126,178	115,164	105,705	96,275	87,160	78,745	71,607	65,101	59,593	54,720	48,895	43,147	37,755	33,409	30,463	27,366	24,374	0	0	0	0
Total cost of revenue
17,563	16,348	15,515	14,808	14,124	13,522	12,755	12,038	11,400	10,926	10,603	10,212	9,767	9,262	8,337	7,455	6,522	5,618	5,132	4,626	4,141	0	0	0	0
Interchange revenue
Total revenue
87,233	72,090	63,454	62,144	60,501	58,580	56,412	53,780	50,746	48,256	46,144	43,930	41,523	39,011	35,614	31,814	27,423	24,699	22,803	20,265	17,746	0	0	0	0
Total cost of revenue
17,658	16,827	15,971	15,533	15,068	14,576	14,038	13,541	12,783	12,257	11,561	10,965	10,380	9,896	9,514	8,865	8,248	7,715	7,233	6,596	5,899	0	0	0	0