HQY — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-27

• infrastructure, while maintaining existing applications, features, and services. For example, we are continuing to make investments in the architecture and infrastructure of the technology that we use to provide our services to improve our transaction processing capabilities and support continued ac…

• Average daily Client-held funds - Year-to-date986 893 10 %864

• (in thousands, except percentages)20262025$ Change% Change20262025$ Change% Change

• Service revenue. The $6.6 million, or 6%, increase in service revenue from the three months ended July 31, 2025 to the three months ended July 31, 2026 was primarily due to increases in marketplace revenue, Total Accounts, and HSA investments, partially offset by lower average service fees per accou…

• The $9.7 million, or 4%, increase in service revenue from the six months ended July 31, 2025 to the six months ended July 31, 2026 was primarily due to increases in marketplace revenue, Total Accounts, and HSA investments, partially offset by lower average service fees per account.

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• improve our transaction processing capabilities and support continued account and transaction growth, as well as in data-driven personalized engagement to help our members spend less, save more, and build wealth for retirement.

• Service revenue. The $3.1 million, or 3%, increase in service revenue from the three months ended April 30, 2025 to the three months ended April 30, 2026 was primarily due to increases in marketplace revenue, the amount of HSA investments, and the number of Total Accounts, partially offset by lower …

• We expect service revenue to continue to increase, primarily due to increases in marketplace revenue, HSA investments, and Total Accounts, partially offset by lower average service fees per account.

• Custodial revenue. The $17.9 million, or 11%, increase in custodial revenue from the three months ended April 30, 2025 to the three months ended April 30, 2026 was primarily due to an increase in average annualized yield on HSA cash from 3.50% for the three months ended April 30, 2025 to 3.84% for t…

• On an annual basis, assuming the current interest rate environment continues, we expect our average annualized yield on HSA cash to further increase as our remaining existing agreements with our Depository Partners are renewed or replaced with agreements with higher rates, resulting in higher custod…

Text added vs the prior filing · source: 10-Q · 2026-08-27

• HSA Assets and Client-held funds. HSA Assets consist of custodial HSA funds we hold in custody on behalf of our members. As of July 31, 2026 and January 31, 2026, we held in custody HSA Assets of $37.9 billion and $36.5 billion, respectively. As a non-bank custodian, we contract with our insurance c…

• Partners to hold HSA cash on behalf of our members, and we earn a significant portion of our total revenue from interest paid to us by these partners. HSA cash held by our insurance company partners is held in group annuity contracts or similar arrangements. The lengths of our agreements with Deposi…

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• HSA Assets and Client-held funds. HSA Assets consist of custodial HSA funds we hold in custody on behalf of our members. As of April 30, 2026 and January 31, 2026, we held in custody HSA Assets of $37.1 billion and $36.5 billion, respectively. As a non-bank custodian, we contract with our insurance …

Text added vs the prior filing · source: 10-Q · 2026-08-27

• procedures include, without limitation, controls and procedures designed to provide reasonable assurance that the information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including it…

Text removed vs the prior filing · source: 10-Q · 2026-05-28

• required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls …