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HealthEquity HQY Deferred Revenue

Deferred Revenue at other companies

UnitedHealth Group logo
UnitedHealth GroupUNH
$11B-11.3%
WEX logo
WEXWEX
$25.9M-56.5%
Community Financial System logo
Community Financial SystemCBU
$1.4M-22.2%
Evolent Health, Inc. logo
Evolent Health, Inc.EVH
$1.21M-48.2%
CareCloud, Inc. logo
CareCloud, Inc.CCLD
$4.51M+266%
Centene logo
CenteneCNC
$706M+3.5%

Other financials

Income statement

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Revenue$354.6M+7.2%
Gross profit$256.3M+14.3%
Operating income$103.0M+23.9%
Net income$69.4M+28.8%
EPS (diluted)$0.82+34.4%

Balance sheet

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Cash & equivalents$265.4M-7.8%
Total debt$984.7M-11.0%
Total equity$2.0B-3.6%
Total assets$3.3B-3.2%

Cash flow

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Operating cash flow$97.5M+50.6%
CapEx$362.0K+321%
Free cash flow$97.2M+50.3%

Valuation

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Market cap$8.65B+10.0%
Enterprise value$9.37B+8.7%
P/E37.5×-16.4×
P/S6.5×+0.3×

Profitability

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Gross margin70.7%+5.2pp
Operating margin25.6%+9.2pp
Net margin17.3%+7.5pp
FCF margin36.5%+9.3pp

Returns & leverage

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Return on equity11.1%+5.3pp
Debt / equity0.5×0.0×
Current ratio3.4×-0.6×

Where this comes from

Reported directly by HealthEquity in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The source filing: HealthEquity’s 10-Q, filed May 28, 2026.

Filed
May 28, 2026, 4:04 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001428336-26-000028

April 30, 2026 and January 31, 2026, the balance of deferred revenue was $5.0 million and $6.7 million, respectively. The balances are related to cash received in advance for custodial and interchange revenue arrangements, other up-front fees and other commuter deferred revenue. The Company expects to recognize approximately 88% of its balance of deferred revenue as revenue over the next 12 months and the remainder thereafter. Amounts expected to be recognized as revenue within a period of 12 months or less are classified as accrued liabilities in the Company's condensed consolidated balance sheets, with the remainder included within other long-term liabilities. Revenue recognized during the three months ended April 30, 2026 that was included in the balance of deferred revenue as of January 31, 2026 was $3.1 million. The Company expects to satisfy its remaining obligations for these arrangements.

Item 1. Financial statements

FAQ

What is HealthEquity's deferred revenue?
HealthEquity (HQY) reported deferred revenue of $5M in Q1 2026.
How has HealthEquity's deferred revenue changed year-over-year?
HealthEquity's deferred revenue decreased by 65.3% year-over-year, from $14.4M to $5M.
What is the long-term trend for HealthEquity's deferred revenue?
Over 5 years (2021 to 2026), HealthEquity's deferred revenue has grown at a 10.3% compound annual growth rate (CAGR), from $4.1M to $6.7M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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