HealthEquity, Inc. (NASDAQ:HQY) Q3 2025 Earnings Conference Call December 9, 2024 4:30 PM ET

Company Participants

Richard Putnam – IR
Jon Kessler – President and CEO
James Lucania – EVP and CFO
Steve Neeleman – Vice Chair and Founder
Scott Cutler – upcoming President and CEO

Conference Call Participants

Gregory Peters – Raymond James
Stan Berenshteyn – Wells Fargo
Glen Santangelo – Jefferies
Allen Lutz – Bank of America
Anne Samuel – JPMorgan
George Hill – Deutsche Bank
Mark Marcon – Baird
David Roman – Goldman Sachs
David Larsen – BTIG
Steven Valiquette – Mizuho Securities
Sean Dodge – RBC Capital Markets

Operator

Good afternoon, and welcome to the HealthEquity Third Quarter 2025 Earnings Conference Call. Please note this event is being recorded.

I would now like to turn the conference over to Richard Putnam. Please go ahead.

Richard Putnam

Thank you, Nick. Hello, everyone. Welcome to HealthEquity’s third quarter of fiscal year 2025 earnings conference call. My name is Richard Putnam, Investor Relations for HealthEquity. And joining me today is Jon Kessler, President and CEO; Dr. Steve Neeleman, Vice Chair and Founder of the company; and James Lucania, Executive Vice President and CFO; Scott Cutler, recently appointed successor President and CEO beginning in January.

Before I turn the call over to Jon, I have a couple of reminders. First, a press release announcing the financial results for our third quarter of fiscal 2025 was issued after the market closes this afternoon. These financial results include the contributions of our wholly-owned subsidiaries and accounts they administer.

Press release includes definitions of certain non-GAAP financial measures that we will reference here today where you can find on our Investor Relations website a copy of today’s press release, including reconciliations of these non-GAAP measures with comparable GAAP measures and a recording of this

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