HealthEquity, Inc.HQYNASDAQ
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R&D Expenses Over TimeStrong
Percentile Rank100
3Y CAGR+10.7%
5Y CAGR+16.0%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+10.7%/yr
vs +53.3%/yr prior
5Y CAGR
+16.0%/yr
Recent deceleration
Acceleration
-42.5pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.1x
Strong expansion
Streak
9 yr
Consecutive growthStrong
PeriodValueYoY Change
TTM$262.51M+9.6%
2025$239.51M+9.5%
2024$218.81M+13.2%
2023$193.38M+22.9%
2022$157.36M+26.1%
2021$124.81M+60.9%
2020$77.58M+121.3%
2019$35.06M+28.0%
2018$27.39M+22.4%
2017$22.38M-