HEALTHEQUITY, INC. (HQY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: March 17, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.23% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
86M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

HQY currently has 86.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.23% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 17, 2026

10-K filing | 86.1M shares outstanding

86M 0
Dec 03, 2025

10-Q filing | 86.0M shares outstanding

86M 0
Sep 02, 2025

10-Q filing | 86.6M shares outstanding

87M 0
Jun 03, 2025

10-Q filing | 86.7M shares outstanding

87M 0
Mar 18, 2025

10-K filing | 86.9M shares outstanding

87M 0
Dec 09, 2024

10-Q filing | 87.2M shares outstanding

87M 0
Sep 03, 2024

10-Q filing | 87.1M shares outstanding

87M 0
Jun 03, 2024

10-Q filing | 86.5M shares outstanding

86M 0
Mar 22, 2024

10-K filing | 85.6M shares outstanding

86M 0
Dec 05, 2023

10-Q filing | 85.7M shares outstanding

86M 0
Sep 05, 2023

10-Q filing | 85.5M shares outstanding

86M 0
Jun 07, 2023

10-Q filing | 85.0M shares outstanding

85M 0
Mar 30, 2023

10-K filing | 84.4M shares outstanding

84M 0
Dec 08, 2022

10-Q filing | 84.6M shares outstanding

85M 0
Sep 08, 2022

10-Q filing | 84.4M shares outstanding

84M 0
Jun 08, 2022

10-Q filing | 84.0M shares outstanding

84M 0
Mar 31, 2022

10-K filing | 83.1M shares outstanding

83M 0
Dec 09, 2021

10-Q filing | 83.6M shares outstanding

84M 0
Sep 09, 2021

10-Q filing | 83.5M shares outstanding

83M 0
Jun 08, 2021

10-Q filing | 81.7M shares outstanding

82M 0
Mar 31, 2021

10-K filing | 75.7M shares outstanding

76M 0
Feb 19, 2021

8-K filing: HealthEquity, Inc. closed its offering of 5,000,000 shares of its common stock, with net proceeds of approximately $397.0 million. ($397.0M proceeds)

77M 0
Feb 17, 2021

8-K filing: HealthEquity, Inc. entered into an underwriting agreement to sell 5,000,000 shares of its common stock, with an option for the underwriter to purchase an additional 750,000 shares, estimating net proceeds of approximately $397.0 million, or $456.6 million if the option is fully exercised. ($397.0M proceeds)

77M 0
Dec 09, 2020

10-Q filing | 76.7M shares outstanding

77M 0
Sep 09, 2020

10-Q filing | 72.3M shares outstanding

72M 0
Jul 13, 2020

8-K filing: HealthEquity, Inc. closed its offering of 4,600,000 shares of common stock, generating net proceeds of approximately $247.8 million. ($247.8M proceeds)

71M 0
Jul 09, 2020

8-K filing: HealthEquity, Inc. entered into an underwriting agreement to sell 4,600,000 shares of its common stock, with an option for the underwriters to purchase an additional 690,000 shares, estimating net proceeds of approximately $249.5 million, or $287 million if the option is fully exercised. ($536.5M proceeds)

71M 0
Jun 04, 2020

10-Q filing | 71.0M shares outstanding

71M 0
Mar 31, 2020

10-K filing | 68.5M shares outstanding

68M 0
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