Growth Metrics

Healthequity (HQY) Cost of Revenue (2016 - 2026)

Healthequity (HQY) has 13 years of Cost of Revenue data on record, last reported at -$48.9 million in Q4 2025.

  • For Q4 2025, Cost of Revenue fell 316.06% year-over-year to -$48.9 million; the TTM value through Oct 2025 reached $193.1 million, down 19.9%, while the annual FY2025 figure was $422.5 million, 432.99% up from the prior year.
  • Cost of Revenue reached -$48.9 million in Q4 2025 per HQY's latest filing, down from $93.2 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $149.3 million in Q1 2021 and bottomed at -$48.9 million in Q4 2025.
  • Average Cost of Revenue over 5 years is $66.6 million, with a median of $84.4 million recorded in 2021.
  • Peak YoY movement for Cost of Revenue: soared 2650.19% in 2021, then tumbled 316.06% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $76.4 million in 2021, then grew by 16.22% to $88.8 million in 2022, then grew by 1.43% to $90.0 million in 2023, then plummeted by 74.86% to $22.6 million in 2024, then plummeted by 316.06% to -$48.9 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were -$48.9 million in Q4 2025, $93.2 million in Q3 2025, and $26.0 million in Q2 2025.