HealthEquity Exceeds Q1 2025 Earnings Expectations with $0.80 EPS, $287.6M Revenue, Stock Gains 3.2%

HealthEquity (HQY) has reported its Q1 2025 earnings, surpassing expectations with earnings per share (EPS) of $0.80, a 21.21% surprise, and revenue of $287.6 million, exceeding estimates by 3.16%. This represents an 18% increase compared to $244.4 million in Q1 FY24. The company also reported a net income of $28.8 million, compared to $4.1 million in Q1 FY24, and a non-GAAP net income of $70.3 million, a 64% increase from $42.8 million in Q1 FY24. HealthEquity's recent acquisition of BenefitWallet HSA portfolio, which closed on May 11, has contributed to the positive results. The stock gained 3.2% and closed at $81.68 on Friday. Looking ahead, HealthEquity has provided guidance for FY25, expecting revenue between $1.16 billion and $1.18 billion, GAAP net income between $90 million and $105 million, and non-GAAP net income between $261 million and $276 million, or $2.93 to $3.10 per share.