What is the 13F Pro Quality Score for HQY?

13F Pro ranks HEALTHEQUITY, INC. (HQY) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View HQY's current score at https://13fpro.ai/research/HQY (free sign-up required for the full ranking).

Which hedge funds own the most HQY stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of HQY include BlackRock,, WASATCH ADVISORS, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/HQY as soon as new 13F filings post.

Where does 13F Pro source HQY data?

All HEALTHEQUITY, INC. fundamentals and ownership data come directly from SEC EDGAR. HEALTHEQUITY, INC. files with the SEC under CIK 1428336. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is HQY in?

HEALTHEQUITY, INC. (HQY) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

How often is HQY research updated on 13F Pro?

HQY's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

HEALTHEQUITY, INC.(HQY)Stock Analysis

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13F Pro Quality Score

72.3/100

Rank #232 of 2,879 stocksTOP 10%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

73.3/100

Profitability

85.6/100

Balance Sheet

78.4/100

Earnings Quality

92.5/100

Free Cash Flow

87.4/100

Institutional Flow

31.8/100

Revenue Scale

54.7/100

Dilution Risk

24.3/100

HQY Stock Analysis & AI Quality Score

AI stock analysis and institutional research for HEALTHEQUITY, INC. (HQY), a Industrials sector company. 13F Pro's AI-powered ranking engine scores HQY at 72.3/100 on a 32-signal composite quality model, placing it at rank #232 of 2,879 stocks — the top 10% of the AI-ranked universe. HQY scores in the top quartile across earnings quality (92.5), free cash flow (87.4), profitability (85.6). Areas of concern include institutional flow (31.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 24.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), HEALTHEQUITY, INC. reports quarterly revenue of $354.6M, net income of $69.4M, an operating margin of 29.0%. Top institutional holders of HQY by reported 13-F value include BlackRock,, WASATCH ADVISORS, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. HQY trades on the Nasdaq exchange and files with the SEC under CIK 1428336. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HQY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HEALTHEQUITY, INC. directly from SEC EDGAR. HEALTHEQUITY, INC.'s 13F Pro composite quality score has ranged between 8 and 79 since 2021, currently 72.3 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

✦

Fun facts about HEALTHEQUITY, INC.

Quirks, history, and lore behind HQY — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial technology company · mid-cap · listed on Nasdaq · headquartered in Utah.
2
The Numbers
Serves over 15 million accounts and custodies more than $25 billion in assets — not bad for a company most people have never heard of.
3
The History
Founded in the early 2000s, it was built to ride the wave of consumer-directed healthcare — a movement that really took off when high-deductible health plans went mainstream.
4
The Secret
Its core product is essentially a tax-advantaged savings account tied to your health insurance — the kind that lets you pay for doctor bills with pre-tax dollars.
5
The Lore
It partners with employers and health plans to administer benefits, making it a behind-the-scenes player every time someone swipes a benefits debit card at a pharmacy.
6
The Giveaway
The dominant publicly traded custodian of Health Savings Accounts — if you have an HSA through your job, there's a real chance this Utah company is holding your money.

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Revenue

Q1 2027

$354.6M

Net Income

Q1 2027

$69.4M

Free Cash Flow

Q1 2027

$97.2M

Operating Margin

Q1 2027

29.0%

ROIC

Q1 2027

3.4%

D/E Ratio

Q1 2027

0.46

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+31.4% YoY

$1.31BFY 2026

FY22 $756.6MFY23 $861.7MFY24 $999.6MFY26 $1.31B

Net Income

+286.3% YoY

$215.2MFY 2026

FY22 $-44.3MFY23 $-26.1MFY24 $55.7MFY26 $215.2M

Operating Income

+174.0% YoY

$322.5MFY 2026

FY22 $-24.2MFY23 $9.1MFY24 $117.7MFY26 $322.5M

EPS (Diluted)

+284.4% YoY

$2.46FY 2026

FY22 $-0.53FY23 $-0.31FY24 $0.64FY26 $2.46

Total Assets

+6.8% YoY

$3.38BFY 2026

FY22 $3.11BFY23 $3.09BFY24 $3.16BFY26 $3.38B

Total Debt

+9.4% YoY

$957.4MFY 2026

FY22 $939.6MFY23 $942.8MFY24 $875.0MFY26 $957.4M

Op. Cash Flow

+88.2% YoY

$457.1MFY 2026

FY22 $141.0MFY23 $150.7MFY24 $242.8MFY26 $457.1M

Metric	FY 2026	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.31B +31.4%	$999.6M +16.0%	$861.7M +13.9%	$756.6M +3.1%	$733.6M +37.9%	$532.0M
Net Income	$215.2M +286.3%	$55.7M +313.1%	$-26.1M +41.0%	$-44.3M -601.3%	$8.8M -77.7%	$39.7M
Operating Income	$322.5M +174.0%	$117.7M +1199.5%	$9.1M +137.4%	$-24.2M -171.3%	$34.0M -55.8%	$77.0M
EPS (Diluted)	$2.46 +284.4%	$0.64 +306.5%	$-0.31 +41.5%	$-0.53 -541.7%	$0.12 -79.3%	$0.58
Total Assets	$3.38B +6.8%	$3.16B +2.4%	$3.09B -0.6%	$3.11B +14.6%	$2.71B +5.7%	$2.56B
Total Debt	$957.4M +9.4%	$875.0M -7.2%	$942.8M +0.3%	$939.6M -10.4%	$1.05B -16.7%	$1.26B
Operating Cash Flow	$457.1M +88.2%	$242.8M +61.2%	$150.7M +6.8%	$141.0M -22.4%	$181.6M +73.0%	$105.0M

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Available Research

13F Pro tracks comprehensive data for HEALTHEQUITY, INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of HQY

BlackRock, Inc.
$880.2M10,532,394 sh
WASATCH ADVISORS LP
$601.9M7,202,934 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$348.0M4,163,593 sh
VANGUARD CAPITAL MANAGEMENT LLC
$319.6M3,823,804 sh
STATE STREET CORP
$259.1M3,099,897 sh
MORGAN STANLEY
$207.7M2,485,913 sh
GEODE CAPITAL MANAGEMENT, LLC
$188.9M2,259,646 sh
AQR CAPITAL MANAGEMENT LLC
$172.6M2,092,223 sh
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC
$138.7M1,659,616 sh
DIMENSIONAL FUND ADVISORS LP
$136.0M1,627,039 sh

Fund	Value	Shares
BlackRock, Inc.	$880.2M	10,532,394
WASATCH ADVISORS LP	$601.9M	7,202,934
VANGUARD PORTFOLIO MANAGEMENT LLC	$348.0M	4,163,593
VANGUARD CAPITAL MANAGEMENT LLC	$319.6M	3,823,804
STATE STREET CORP	$259.1M	3,099,897
MORGAN STANLEY	$207.7M	2,485,913
GEODE CAPITAL MANAGEMENT, LLC	$188.9M	2,259,646
AQR CAPITAL MANAGEMENT LLC	$172.6M	2,092,223
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC	$138.7M	1,659,616
DIMENSIONAL FUND ADVISORS LP	$136.0M	1,627,039

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Is HQY a good stock to buy?

13F Pro's AI-powered analysis of HEALTHEQUITY, INC. (HQY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HQY are available on the HQY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own HQY?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HQY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of HEALTHEQUITY, INC.'s investment landscape.