HEALTHEQUITY, INC.

The company provides technology-enabled services that help consumers manage their healthcare savings, spending, and investing. It uses its technology to manage consumers' tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers. These CDBs include flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs). The company also administers Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter, and other benefits. Its services include payment processing, personalized benefit information, access to healthcare solutions through its marketplace, and investment advice for tax-advantaged healthcare savings. The core offering is the HSA, a financial account for saving, spending, and investing healthcare dollars on a tax-advantaged basis. As of January 31, 2026, the company administered 10.6 million HSAs with balances totaling $36.5 billion (HSA Assets), and 7.2 million complementary CDBs. The total number of HSAs and other CDBs administered, referred to as Total Accounts, was 17.8 million as of January 31, 2026. The company reaches consumers primarily through relationships with their employers (Clients). Clients are reached through benefits brokers and advisors, integrated partnerships with over 200 Network Partners (health plans, benefits administrators, and retirement plan recordkeepers as of January 31, 2026), and a direct sales force. The company's share of the HSA market, measured by HSA Assets, increased from 4% in December 2010 to 20% as of June 2025. According to the 2025 Midyear Devenir HSA Research Report, as of June 2025, the company was the largest HSA provider by number of accounts and the second largest by HSA Assets.