HEALTHEQUITY, INC. (HQY) Spending and interest coverage
- R&D / revenue · 12 months: Value 20.41%; Formula and calculation Research and development expense / revenue. Period ending 2026-07-31..
- Stock-based compensation / revenue · 12 months: Value 5.97%; Formula and calculation Share-based compensation / revenue. Period ending 2026-07-31..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-07-31; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 20.41% | Research and development expense / revenue. Period ending 2026-07-31. $277.96M ÷ $1.36B × 100 ≈ 20.41% |
| Stock-based compensation / revenue · 12 months | 5.97% | Share-based compensation / revenue. Period ending 2026-07-31. $81.28M ÷ $1.36B × 100 ≈ 5.97% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 277.96M USD | Research and Development Expense |
| Revenue | 1.36B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 81.28M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 351.41M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-07-31 | $277.96M | $1.36B | $81.28M | $351.41M | (m) | 20.41% | 5.97% | (m) | (m) |
| 2026-04-30 | $268.84M | $1.34B | $78.13M | $342.33M | (m) | 20.10% | 5.84% | (m) | (m) |
| 2026-01-31 | $262.51M | $1.31B | $73.06M | $322.46M | (m) | 19.99% | 5.56% | (m) | (m) |
| 2025-10-31 | $256.81M | $1.29B | $75.65M | $293.54M | (m) | 19.90% | 5.86% | (m) | (m) |
| 2025-07-31 | $251.08M | $1.27B | $76.23M | $234.47M | (m) | 19.79% | 6.01% | (m) | (m) |
| 2025-04-30 | $244.86M | $1.24B | $78.74M | $203.78M | (m) | 19.70% | 6.33% | (m) | (m) |
| 2025-01-31 | $239.51M | $1.20B | $96.42M | $162.33M | (m) | 19.96% | 8.04% | (m) | (m) |
| 2024-10-31 | $230.10M | $1.15B | $91.93M | $159.07M | (m) | 20.00% | 7.99% | (m) | (m) |
| 2024-07-31 | $225.52M | $1.10B | $92.47M | $170.34M | (m) | 20.52% | 8.41% | (m) | (m) |
| 2024-04-30 | $221.71M | $1.04B | $90.97M | $136.15M | $52.25M | 21.26% | 8.72% | 2.61× | Reported |
| 2024-01-31 | $218.81M | $999.59M | $77.15M | $117.70M | $55.45M | 21.89% | 7.72% | 2.12× | Reported |
| 2023-10-31 | $216.29M | $971.04M | $72.24M | $92.03M | $56.12M | 22.27% | 7.44% | 1.64× | Reported |
| 2023-07-31 | $209.57M | $937.91M | $68.75M | $66.68M | $54.74M | 22.34% | 7.33% | 1.22× | Reported |
| 2023-04-30 | $201.38M | $900.50M | $66.83M | $39.53M | $52.96M | 22.36% | 7.42% | 0.75× | Reported |
| 2023-01-31 | $193.38M | $861.75M | $62.61M | $9.06M | $48.42M | 22.44% | 7.27% | 0.19× | Reported |
| 2022-10-31 | $186.58M | $831.20M | $61.36M | $-31.41M | $44.87M | 22.45% | 7.38% | -0.70× | Reported |
| 2022-07-31 | $175.76M | $795.07M | $56.47M | $-37.32M | $44.58M | 22.11% | 7.10% | -0.84× | Reported |
| 2022-04-30 | $167.08M | $778.03M | $53.94M | $-35.78M | $40.34M | 21.47% | 6.93% | -0.89× | Reported |
| 2022-01-31 | $157.36M | $756.56M | $52.75M | $-24.24M | $36.57M | 20.80% | 6.97% | -0.66× | Reported |
| 2021-10-31 | $143.76M | $741.43M | $54.25M | $1.43M | $32.59M | 19.39% | 7.32% | 0.04× | Reported |
| 2021-07-31 | $136.44M | $740.83M | $52.45M | $13.29M | $27.67M | 18.42% | 7.08% | 0.48× | Reported |
| 2021-04-30 | $129.20M | $727.76M | $48.27M | $23.20M | $29.31M | 17.75% | 6.63% | 0.79× | Reported |
| 2021-01-31 | $124.81M | $733.57M | $42.86M | $34.01M | $34.88M | 17.01% | 5.84% | 0.98× | Reported |
| 2020-10-31 | $124.00M | $746.60M | $38.96M | $50.14M | $42.53M | 16.61% | 5.22% | 1.18× | Reported |
| 2020-07-31 | $116.76M | $724.37M | $45.06M | $48.56M | $45.80M | 16.12% | 6.22% | 1.06× | Reported |
| 2020-04-30 | $97.75M | $634.95M | $41.21M | $64.40M | $36.97M | 15.39% | 6.49% | 1.74× | Reported |
| 2020-01-31 | $77.58M | $531.99M | $39.84M | $77.01M | $24.77M | 14.58% | 7.49% | 3.11× | Reported |
| 2019-10-31 | $56.06M | $406.57M | $36.79M | $79.05M | (m) | 13.79% | 9.05% | (m) | (m) |
| 2019-07-31 | $41.23M | $319.95M | $24.95M | $88.11M | (m) | 12.89% | 7.80% | (m) | (m) |
| 2019-04-30 | $37.98M | $304.39M | $22.85M | $84.81M | (m) | 12.48% | 7.51% | (m) | (m) |
| 2019-01-31 | $35.06M | $287.24M | $21.06M | $77.67M | (m) | 12.20% | 7.33% | (m) | (m) |
| 2018-10-31 | $32.53M | $271.90M | $19.30M | $69.52M | (m) | 11.97% | 7.10% | (m) | (m) |
| 2018-07-31 | $30.72M | $258.20M | $17.23M | $64.10M | (m) | 11.90% | 6.67% | (m) | (m) |
| 2018-04-30 | $29.12M | $244.01M | $15.54M | $59.03M | (m) | 11.93% | 6.37% | (m) | (m) |
| 2018-01-31 | $27.39M | $229.53M | $14.31M | $54.42M | (m) | 11.93% | 6.23% | (m) | (m) |
| 2017-10-31 | $26.45M | $215.90M | $12.47M | $52.16M | (m) | 12.25% | 5.77% | (m) | (m) |
| 2017-07-31 | $25.80M | $202.47M | $10.87M | $47.65M | (m) | 12.74% | 5.37% | (m) | (m) |
| 2017-04-30 | $23.99M | $189.78M | $9.59M | $43.89M | (m) | 12.64% | 5.05% | (m) | (m) |
| 2017-01-31 | $22.38M | $178.37M | $8.40M | $41.21M | (m) | 12.54% | 4.71% | (m) | (m) |
| 2016-10-31 | $20.72M | $167.44M | $8.03M | $39.39M | (m) | 12.37% | 4.79% | (m) | (m) |
| 2016-07-31 | $18.93M | $154.64M | $7.44M | $36.65M | (m) | 12.24% | 4.81% | (m) | (m) |
| 2016-04-30 | $17.93M | $140.95M | $6.61M | $31.41M | (m) | 12.72% | 4.69% | (m) | (m) |
| 2016-01-31 | $16.83M | $126.79M | $5.88M | $26.14M | (m) | 13.28% | 4.64% | (m) | (m) |
| 2015-10-31 | $15.14M | $115.77M | $5.99M | $23.80M | (m) | 13.08% | 5.17% | (m) | (m) |
| 2015-07-31 | $13.54M | $107.08M | $4.83M | $21.79M | (m) | 12.64% | 4.51% | (m) | (m) |
| 2015-04-30 | $11.84M | $97.47M | $3.55M | $19.37M | (m) | 12.15% | 3.65% | (m) | (m) |
| 2015-01-31 | $10.50M | $87.86M | $2.52M | $16.87M | $0.00 | 11.95% | 2.87% | (m) | Reported |
| 2014-10-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-07-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-04-30 | (m) | $67.62M | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2014-01-31 | $7.14M | $62.02M | $57.00K | $11.52M | $44.00K | 11.52% | 0.09% | 261.91× | Reported |
| 2013-10-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-07-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2013-01-31 | $4.23M | $46.09M | $47.00K | $7.09M | $326.00K | 9.18% | 0.10% | 21.75× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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