v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Fiscal
Year(1)
Summary
Compensation
Table Total for
Scott Cutler
($)
Compensation
Actually Paid
to Scott Cutler(2)(3)
($)
Summary
Compensation
Table Total for
Jon Kessler
($)
Compensation
Actually Paid
to Jon Kessler(2)(3)
($)
Average
Summary
Compensation
Table Total for
Non-PEOs
($)
Average
Compensation
Actually Paid
to Non-PEOs(2)(3)
($)
Value of Initial Fixed $100
Investment Based on:
Net Income
($ in
Thousands)(5)
Adjusted
EBITDA
($ in Thousands)(6)
Total
Stockholder
Return(4)
($)
Peer Group
Total
Stockholder
Return(4)
($)
202613,582,10510,419,811——4,373,230587,212102.5480.96215,201565,984
20258,277,0809,305,91712,610,36836,768,4044,996,8908,152,797132.16101.9496,703471,751
2024——13,448,01822,912,9533,877,5262,838,65990.4676.3555,712369,173
2023——13,400,16714,441,5325,607,8314,042,28472.8372.55(26,143)272,348
2022——9,947,622(5,492,707)2,398,514(623,189)63.9693.40(44,289)236,015
        
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote Non-PEOs included in the above compensation columns reflect the following:
Fiscal YearPEONon-PEOs
2026Scott CutlerJames Lucania; Elimelech Rosner; Michael Fiore; Delano Ladd
2025
Scott Cutler, Jon Kessler
James Lucania; Michael Fiore; Elimelech Rosner; Delano Ladd; Selim Aissi
2024Jon KesslerJames Lucania; Stephen Neeleman, M.D.; Elimelech Rosner; Delano Ladd; Tyson Murdock; Larry Trittschuh
2023Jon KesslerStephen Neeleman, M.D.; Tyson Murdock; Elimelech Rosner; Edward Bloomberg; Larry Trittschuh
2022Jon KesslerStephen Neeleman, M.D.; Tyson Murdock; Darcy Mott; Edward Bloomberg; Larry Trittschuh
        
Peer Group Issuers, Footnote The peer group TSR reflects the cumulative total return of the compensation peer group used in evaluating our executive compensation: ACI Worldwide, Inc., Alight, Inc., BlackBaud, Inc., CorVel Corporation, Dayforce, Inc., Envestnet, Inc., Evolent Health, Inc., Guidewire Software Inc.,Omnicell, Inc., Paycom Software, Inc., Paycor HCM, Inc., Paylocity Holding Corporation, Pegasystems, Inc., Progyny, Inc., Tyler Technologies, Inc., Verint Systems Inc., and WEX Inc. The rationale for changes to the peer group is described in the “Competitive Positioning” section of this proxy statement. Each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on January 31, 2021.
Fiscal
Year
HealthEquity
($)		Compensation Peer Group
($)		Prior Compensation Peer Group
($)
2026102.5480.9672.10
2025132.16101.94100.66
202490.4676.3582.32
202372.8372.5583.09
202263.9693.4097.29
        
PEO Total Compensation Amount $ 13,582,105   $ 13,448,018 $ 13,400,167 $ 9,947,622
PEO Actually Paid Compensation Amount $ 10,419,811   22,912,953 14,441,532 (5,492,707)
Adjustment To PEO Compensation, Footnote The fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (1) for time-based vesting restricted stock awards or RSU awards, closing price on the applicable year-end date, or, in the case of vesting dates, the closing price on the applicable vesting dates, (2) for performance-based RSU awards (excluding awards with market-based vesting conditions), the same valuation methodology as RSU awards above except year-end values are multiplied by the probability of achievement as of each such date, and (3) for awards with market-based vesting conditions, the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s).
Fiscal year 2026 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Scott Cutler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2026 Summary Compensation Table13,582,1054,373,230
Less, value of awards reported in Summary Compensation Table(12,038,563)(3,436,529)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
10,536,1543,051,754
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
(1,274,452)(2,240,572)
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year(385,433)(1,160,671)
Less, fair value of prior year awards that failed to vest this fiscal year——
Total Adjustments(3,162,294)(3,786,018)
Compensation Actually Paid10,419,811587,212
Fiscal year 2025 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Scott Cutler
($)		Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2025 Summary Compensation Table8,277,08012,610,3684,996,890
Less, value of awards reported in Summary Compensation Table(7,500,004)(12,020,015)(3,897,412)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
8,528,84117,545,3094,684,464
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
—18,202,9852,267,910
Plus, fair value of awards granted in fiscal year and that vested this fiscal year———
Plus, change in fair value of prior year awards that vested this fiscal year—429,757100,945
Less, fair value of prior year awards that failed to vest this fiscal year———
Total Adjustments1,028,83724,158,0363,155,907
Compensation Actually Paid9,305,91736,768,4048,152,797
Fiscal year 2024 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2024 Summary Compensation Table13,448,0183,877,526
Less, value of awards reported in Summary Compensation Table(11,926,568)(2,998,267)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
16,786,3442,599,161
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
4,864,518644,799
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year(259,359)(18,191)
Less, fair value of prior year awards that failed to vest this fiscal year—(1,266,369)
Total Adjustments9,464,9351,038,867
Compensation Actually Paid22,912,9532,838,659
Fiscal year 2023 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2023 Summary Compensation Table13,400,1675,607,831
Less, value of awards reported in Summary Compensation Table(11,849,492)(4,577,738)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
10,550,4613,376,855
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
1,724,240190,057
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year616,156171,524
Less, fair value of prior year awards that failed to vest this fiscal year—(726,245)
Total Adjustments1,041,365(1,565,547)
Compensation Actually Paid14,441,5324,042,284
Fiscal year 2022 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to Non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2022 Summary Compensation Table9,947,6222,398,514
Less, value of awards reported in Summary Compensation Table(8,711,947)(1,815,747)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
5,685,0791,256,445
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
(9,966,440)(1,906,814)
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year(1,236,382)(289,279)
Less, fair value of prior year awards that failed to vest this fiscal year(1,210,639)(266,308)
Total Adjustments(15,440,329)(3,021,703)
Compensation Actually Paid(5,492,707)(623,189)
        
Non-PEO NEO Average Total Compensation Amount $ 4,373,230 $ 4,996,890 3,877,526 5,607,831 2,398,514
Non-PEO NEO Average Compensation Actually Paid Amount $ 587,212 8,152,797 2,838,659 4,042,284 (623,189)
Adjustment to Non-PEO NEO Compensation Footnote The fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (1) for time-based vesting restricted stock awards or RSU awards, closing price on the applicable year-end date, or, in the case of vesting dates, the closing price on the applicable vesting dates, (2) for performance-based RSU awards (excluding awards with market-based vesting conditions), the same valuation methodology as RSU awards above except year-end values are multiplied by the probability of achievement as of each such date, and (3) for awards with market-based vesting conditions, the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s).
Fiscal year 2026 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Scott Cutler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2026 Summary Compensation Table13,582,1054,373,230
Less, value of awards reported in Summary Compensation Table(12,038,563)(3,436,529)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
10,536,1543,051,754
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
(1,274,452)(2,240,572)
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year(385,433)(1,160,671)
Less, fair value of prior year awards that failed to vest this fiscal year——
Total Adjustments(3,162,294)(3,786,018)
Compensation Actually Paid10,419,811587,212
Fiscal year 2025 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Scott Cutler
($)		Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2025 Summary Compensation Table8,277,08012,610,3684,996,890
Less, value of awards reported in Summary Compensation Table(7,500,004)(12,020,015)(3,897,412)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
8,528,84117,545,3094,684,464
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
—18,202,9852,267,910
Plus, fair value of awards granted in fiscal year and that vested this fiscal year———
Plus, change in fair value of prior year awards that vested this fiscal year—429,757100,945
Less, fair value of prior year awards that failed to vest this fiscal year———
Total Adjustments1,028,83724,158,0363,155,907
Compensation Actually Paid9,305,91736,768,4048,152,797
Fiscal year 2024 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2024 Summary Compensation Table13,448,0183,877,526
Less, value of awards reported in Summary Compensation Table(11,926,568)(2,998,267)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
16,786,3442,599,161
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
4,864,518644,799
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year(259,359)(18,191)
Less, fair value of prior year awards that failed to vest this fiscal year—(1,266,369)
Total Adjustments9,464,9351,038,867
Compensation Actually Paid22,912,9532,838,659
Fiscal year 2023 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2023 Summary Compensation Table13,400,1675,607,831
Less, value of awards reported in Summary Compensation Table(11,849,492)(4,577,738)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
10,550,4613,376,855
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
1,724,240190,057
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year616,156171,524
Less, fair value of prior year awards that failed to vest this fiscal year—(726,245)
Total Adjustments1,041,365(1,565,547)
Compensation Actually Paid14,441,5324,042,284
Fiscal year 2022 Compensation Actually Paid to our PEO and the average Compensation Actually Paid to Non-PEOs reflects the following adjustments from the compensation reported in the “Total” column of the Summary Compensation Table:
Jon Kessler
($)		Average
Non-PEO
($)
Total Reported in Fiscal 2022 Summary Compensation Table9,947,6222,398,514
Less, value of awards reported in Summary Compensation Table(8,711,947)(1,815,747)
Plus, year-end value of awards granted in fiscal year that are unvested and outstanding at the end of the fiscal year
5,685,0791,256,445
Plus, change in fair value of prior year awards that are unvested and outstanding at end of fiscal year
(9,966,440)(1,906,814)
Plus, fair value of awards granted in fiscal year and that vested this fiscal year——
Plus, change in fair value of prior year awards that vested this fiscal year(1,236,382)(289,279)
Less, fair value of prior year awards that failed to vest this fiscal year(1,210,639)(266,308)
Total Adjustments(15,440,329)(3,021,703)
Compensation Actually Paid(5,492,707)(623,189)
        
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid versus Total Stockholders’ Return
5767
        
Compensation Actually Paid vs. Net Income
Compensation Actually Paid versus Net Income (Loss) and Adjusted EBITDA
5841
        
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid versus Net Income (Loss) and Adjusted EBITDA
5841
        
Total Shareholder Return Vs Peer Group
Compensation Actually Paid versus Total Stockholders’ Return
5767
        
Tabular List, Table
Most Important Performance Measures for Fiscal 2026
•Revenue
•Adjusted EBITDA
•New HSA sales
        
Total Shareholder Return Amount $ 102.54 132.16 90.46 72.83 63.96
Peer Group Total Shareholder Return Amount 80.96 101.94 76.35 72.55 93.40
Net Income (Loss) $ 215,201,000 $ 96,703,000 $ 55,712,000 $ (26,143,000) $ (44,289,000)
Company Selected Measure Amount 565,984,000 471,751,000 369,173,000 272,348,000 236,015,000
PEO Name Scott Cutler   Jon Kessler Jon Kessler Jon Kessler
Additional 402(v) Disclosure Because of adjustments required by SEC rules, as explained in detail in Note (3) below, “Compensation Actually Paid” may be a negative amount. As noted previously, “Compensation Actually Paid” does not represent amounts actually earned or realized by our PEO and Non-PEOs in the applicable fiscal years.The Net Income amount was calculated in accordance with the Company’s GAAP audited financials for all years reported.        
Peer Group Total Shareholder Return Amount, One $ 80.96 $ 101.94 $ 76.35 $ 72.55 $ 93.40
Peer Group Total Shareholder Return Amount, Two $ 72.10 100.66 82.32 83.09 97.29
Measure:: 1          
Pay vs Performance Disclosure          
Name •Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name •Adjusted EBITDA        
Non-GAAP Measure Description We define Adjusted EBITDA, which is a non-GAAP financial metric, as earnings before interest, taxes, depreciation and amortization, amortization of acquired intangible assets, stock-based compensation expense, merger integration expenses, acquisition costs, gains and losses on equity securities, amortization of incremental costs to obtain a contract, costs associated with unused office space, and certain other non-operating items. A reconciliation of this non-GAAP measure to the most comparable GAAP measure is provided in Exhibit A to this proxy statement.        
Measure:: 3          
Pay vs Performance Disclosure          
Name •New HSA sales        
Scott Cutler [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 13,582,105 8,277,080      
PEO Actually Paid Compensation Amount 10,419,811 $ 9,305,917      
PEO Name   Scott Cutler      
Jon Kessler [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount   $ 12,610,368 13,448,018 13,400,167 9,947,622
PEO Actually Paid Compensation Amount   $ 36,768,404 22,912,953 14,441,532 (5,492,707)
PEO Name   Jon Kessler      
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,162,294)   9,464,935 1,041,365 (15,440,329)
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (12,038,563)   (11,926,568) (11,849,492) (8,711,947)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,536,154   16,786,344 10,550,461 5,685,079
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,274,452)   4,864,518 1,724,240 (9,966,440)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0   0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (385,433)   (259,359) 616,156 (1,236,382)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0   0 0 (1,210,639)
PEO | Scott Cutler [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ 1,028,837      
PEO | Scott Cutler [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (7,500,004)      
PEO | Scott Cutler [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   8,528,841      
PEO | Scott Cutler [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0      
PEO | Scott Cutler [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0      
PEO | Scott Cutler [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0      
PEO | Scott Cutler [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0      
PEO | Jon Kessler [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   24,158,036      
PEO | Jon Kessler [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (12,020,015)      
PEO | Jon Kessler [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   17,545,309      
PEO | Jon Kessler [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   18,202,985      
PEO | Jon Kessler [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0      
PEO | Jon Kessler [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   429,757      
PEO | Jon Kessler [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   0      
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,786,018) 3,155,907 1,038,867 (1,565,547) (3,021,703)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,436,529) (3,897,412) (2,998,267) (4,577,738) (1,815,747)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,051,754 4,684,464 2,599,161 3,376,855 1,256,445
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,240,572) 2,267,910 644,799 190,057 (1,906,814)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,160,671) 100,945 (18,191) 171,524 (289,279)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ (1,266,369) $ (726,245) $ (266,308)