Stock Track | HealthEquity Plunges Nearly 7% in Pre-Market on Disappointing Fiscal 2026 Revenue Outlook

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HealthEquity, the nation's largest health savings account (HSA) custodian, saw its shares plummet 6.94% in pre-market trading on Tuesday. The sharp decline was primarily driven by the company's weaker-than-expected revenue guidance for the fiscal year 2026.

For the fiscal year ending January 31, 2026, HealthEquity forecasted revenue between $1.275 billion and $1.295 billion, falling short of the average analyst estimate of $1.32 billion. The company cited an anticipated slowdown in growth for its core HSA business as the primary reason behind the disappointing revenue outlook.

Despite the gloomy fiscal 2026 forecast, HealthEquity reported better-than-expected earnings and revenue for the fiscal third quarter of 2025. The company's non-GAAP earnings of $0.78 per share beat the consensus estimate of $0.72, while revenue increased by 20.6% year-over-year to $300.4 million, slightly exceeding analyst expectations of $305.3 million.

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