About HealthEquity
HealthEquity is a publicly listed company based in Draper (United States) founded in 2002 by Steve Neeleman. Health benefits and savings are managed through an app-based platform. It operates in the Financial Services, Technology, and Healthcare sectors. HealthEquity has raised $15.28 million across 6 funding rounds from investors including HHS and Berkley Capital. The company has 3,120 employees. HealthEquity has completed 3 acquisitions, including HelloFurther, Luum and WageWorks. Its website healthequity.com draws about 7.1 million monthly visits. Its focus areas include HealthTech, Employee Health IT, Healthcare Benefits Administration and Benefits Management. Its competitors include Hinge Health, Alight and Accolade; 3 of its 3 listed competitors have raised funding.
Company details
Employee benefits management platform for individuals and businesses. It provides an app based platform to assist in health savings, health plan solutions to help individuals build health savings while assisting employers to cut costs on benefits through integrated health care account administration, and investment tools. It features personalized savings strategies and consumer education tools. It allows users to upload photos of medical bills to initiate claims and payments, make payments to providers or reimburse out of pocket expenses from the insurer. It is also available on the Android and iOS version.
- Headquarters Draper, United States
- Employees 3,120
- Founders Steve Neeleman
- Stage Public
- SectorsFinancial ServicesTechnology Healthcare
- Website category Finance
- Phone•••• ••••
- Website healthequity.com
- Social LinkedIn X Facebook
- Legal Name Healthequity, Inc.
- Annual Revenue$1.31 B (USD)9.47as on Jan 31, 2026
- Net Profit$215.2 M (USD)122.54as on Jan 31, 2026
- EBITDA$482.14 M (USD)22.83as on Jan 31, 2026
- Total Equity Funding$15.28M (USD)
in 6 rounds
- Latest Funding Round$12.5M (USD), Series B
Aug 2011
- InvestorsHHS
& 1 more
- Employee Count3,120
- Investments & AcquisitionsHelloFurther
& 2 more
Apps and channels of HealthEquity
HealthEquity publishes 2 mobile apps with over 1M+ downloads.
Funding Insights of HealthEquity
HealthEquity has successfully raised a total of $15.28M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $12.5 million completed in August 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $15.28M
- Total Rounds 6
- Last Round Series B — $12.5M
- First Round $2.05M
(Nov 2002)
- Investors Count 2
All 6 funding rounds of HealthEquity with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2011 | $12.5M | Series B | – | – | – |
| Dec 2006 | $7.92M | Grant | – | – | |
| Nov 2006 | Series B | – | Berkley Capital | – | |
| Jan 2005 | $725,003 | Series A | – | – | – |
| Mar 2004 | $400,000 | Debt – Conventional | – | – | – |
| Nov 2002 | $2.05M | Series A | – | – | – |
2 investors in total: 2 institutional.
Investors in HealthEquity
HealthEquity has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include HHS and Berkley Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| berkleycapital.com | ||||
Public health and human services are overseen by HHS. | 1953 | hhs.gov |
Investor details for HealthEquity
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People of HealthEquity
611 people are tracked at HealthEquity (199 in leadership, 10 in board & advisors, 402 in team); the tracked headcount is 3,120.
| Name | Role | Group |
|---|---|---|
Steve Neeleman | Co-Founder & Vice Chairman | Leadership |
Nichole Baibos | Director, Proposal Services | Leadership |
Kate Grimaldi | Vice President People Partners | Leadership |
Tynecia Martin | Director, B2b Events | Leadership |
Matt I. | Area Vice-president Of Sales, Eastern United States | Leadership |
Mukund Ramachandran | Chief Marketing Officer | Leadership |
Letha Jones | Account Executive Director | Leadership |
George Ramin | Account Executive Director | Leadership |
Jennifer Wagener | Partner Service Analyst/account Consultant | Leadership |
Tyson Irwin | Director Technical Accounting | Leadership |
Julie Rowlands | Regional Sales Director | Leadership |
Tina Andrews | Vice President, Enterprise Accounts | Leadership |
Dyan Daniels | Vice President Strategic Partnerships | Leadership |
Stephanie Sharpless | Vice President Enterprise Sales | Leadership |
Anne Larsen | Vp, Relationship Management | Leadership |
Stacie Waddell | Vp, Enterprise Sales | Leader | Leadership |
Dianne Larsen | Partner Manager | Leadership |
Michael Zell | Vice President Strategic Partnerships | Leadership |
Lance Parr | Sr. Director, Enterprise Accounts | Leadership |
Kimberly Vance | VP Broker Ascount Executive | Leadership |
591 more people are available in the full profile.
Complete people profiles for HealthEquity
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IPO & Listings of HealthEquity
HealthEquity is a publicly listed company on the NASDAQ with ticker symbol HQY in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date31 Jul 2014
- Listed onNASDAQ: HQY
- Listed entityHealthEquity, Inc.
- Exchange sectorFinance
- ISINUS42226A1079
- Share price$90.19 (-2% on the day) · 2026-10-13
- Market capitalisation$7.46B
- Price to earnings32.6
- EPS (diluted, trailing year)$2.77
- Volume (last session)856,079
Financials of HealthEquity
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.31B | $215.2M | $482.1M |
| 2024 | $1.20B | $96.7M | $392.5M |
| 2023 | $999.6M | $55.7M | $281.2M |
| 2022 | $861.8M | -$26.1M | $198.8M |
| 2021 | $756.6M | -$44.3M | $177.8M |
Detailed financial statements for HealthEquity
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Investments & Acquisitions by HealthEquity
HealthEquity has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include HelloFurther, Luum and WageWorks.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
App-based platform for managing healthcare savings accounts is offered. | hellofurther.com | Eagan, United States | 1989 | Apr 2021 | $500M | |
Employee benefits are managed via a cloud-based commuting platform. | luum.com | Draper, United States | 2012 | Mar 2021 | •••• | |
Employee benefits management | wageworks.com | San Mateo, United States | 2000 | Jun 2019 | $2B |
Complete acquisition details for HealthEquity
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- Complete history
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Timeline of HealthEquity
7 dated milestones of HealthEquity across 19 years, from founding to its latest funding, stage changes and deals.
- Founded HealthEquity is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series B, of $12.5M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires WageWorks.
- Acquisition Acquires Luum.
- Acquisition Acquires HelloFurther.
Competitors of HealthEquity
HealthEquity has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Alight and Accolade.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| alight.com | 2015 | Lincolnshire, United States | $8.75M | 9,874 | Cloud-based HRMS solutions are offered for enterprise HR management. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. |
Detailed competitors of HealthEquity
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of HealthEquity
The website of HealthEquity (healthequity.com) receives about 7.1M visits a month and ranks #5,583 among all websites worldwide, #357 in Finance.
- Monthly visits7.1M
▲ 31.8% vs previous month
- Unique visitors2.2M
per month
- Global rank#5,583
among all websites
- Category rank#357
Finance · Finance
- Bounce rate21%
- Pages per visit11.6
- Average visit6 min 12 sec
- DevicesDesktop 64% · Mobile 36%
Websites whose visitors overlap most with HealthEquity. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hsabank.com | 100% | 2.6M | #21,510 | View details | |
doctorofcredit.com | doctorofcredit.com | 69% | #11,591 | – | |
travel.capitalone.com | travel.capitalone.com | 68% | #5,356 | – | |
| teamblind.com | 68% | 16.3M | #3,301 | View details | |
paycomonline.net | paycomonline.net | 68% | #1,997 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for HealthEquity
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- 40 similar websites
- Audience overlap
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Top companies in Insurance & Risk Management
3 companies that operate in the same segment as HealthEquity (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Healthequity
Complete news archive for HealthEquity
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Frequently Asked Questions about HealthEquity
HealthEquity was founded in 2002.
HealthEquity is headquartered in Draper, United States. It is registered at Draper, Utah, United States.
HealthEquity is a funded company, having raised a total of $15.28M across 6 funding rounds to date. The company's 1st funding round was a Series A of $2.05M, raised on Nov 2002.
HealthEquity has 3,120 employees.
Annual revenue of HealthEquity is $1.31B as on Jan 31, 2026.
Employee benefits management platform for individuals and businesses. It provides an app based platform to assist in health savings, health plan solutions to help individuals build health savings while assisting employers to cut costs on benefits through integrated health care account administration, and investment tools. It features personalized savings strategies and consumer education tools. It allows users to upload photos of medical bills to initiate claims and payments, make payments to providers or reimburse out of pocket expenses from the insurer. It is also available on the Android and iOS version.
HealthEquity's top competitors include Accolade, Hinge Health and Alight.
Yes, HealthEquity is publicly traded on NASDAQ under the ticker symbol HQY.
HealthEquity has made 3 acquisitions, including HelloFurther, Luum, and WageWorks.
HealthEquity has 2 investors. Key investors include HHS, and Berkley Capital.
Yes. HealthEquity publishes HealthEquity Mobile and 1 more app, with over 1 million downloads.
The website of HealthEquity receives about 7.1 million visits a month and ranks #5,583 among all websites worldwide.