On this page of Benford's Law Stocks.com we present our study of HEALTHEQUITY, INC. — ticker symbol HQY. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/31/2020 to 12/9/2024 for HEALTHEQUITY, INC. under CIK number 0001428336. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for HQY, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for HEALTHEQUITY, INC. based on the past HQY filings our system processed in the past.
Benford Chart for HQY 10Q Filed 12/9/2024
30.5
17.8
11.9
8.6
5.9
6.3
6.6
8.7
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, HQY stockholder letter ]
Total numbers found: 607
Recent share count: 87,324,465 (8's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
607
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 6 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for HQY = 77
77

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 5's percentage was below the typical coverage universe range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 8, we canceled the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points upon observing the 8's percentage was above the typical coverage universe range.
HQY's Score Vs. Typical Stock
Benford's Law Stocks Indicator
HQY
Normal-to-low score compared to other filers, falling within the bottom of the middle 50%.
Other Stocks Ranking Near HQY
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Check our work! We provide our HEALTHEQUITY, INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the HQY filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 185 numbers that start with the digit 1. Here they are:
106,712
104,893
1,228,476
1,648,145
1,648,145
10,352
12,041
154,539
117,091
1,081,039
19,270
1,209,121
1,011,678
1,363,660
1,128,769
100,000
1,893,088
1,829,384
119,174
114,082
140,953
100,005
132,568
118,924
10,241
103,406
197,026
159,182
19,656
174,859
163,573
102,285
177,401
128,291
19,625
120,184
18,155
13,545
11,266
13,407
15,735
15,975
14,673
17
17
1,949,614
1,895,640
1
1,886,765
1,785,014
1,829,384
1,745,716
15,637
15,637
1,893,088
1,808,695
1,893,088
1,808,695
164,591
149,916
14,673
179,264
179,264
1,987,968
1,987,968
123,269
115,167
1,805
1,576
1,157
10,065
15,928
1,819
11,672
12,820
14,829
165,753
1,756
1,134
183
145,973
106
1,500
19
107,512
114,082
18,772
106,575
100,005
18,772
118,924
118,924
158,408
159,182
127,517
128,291
15,975
15,975
14,673
14,673
14,673
1,441
1,425
1,764
1,283
17
17
1
1
1.0
13,879
14,455
1.0
1.8
19.2
1.1
1,795
1,263
1,510
10,881
11,266
1.6
1.2
1,469
112,323
132,825
119,871
12,954
12,900
12,900
1,940,570
1,228,476
197,388
183,386
132,825
105,049
12,900
12,879
1,437,450
119.5
108.8
1,071
163,974
163,974
134
1,047
1,101
175,000
176,101
1,086,875
11,903
1,081,039
1,081,039
11.9
102.250
101.125
100.000
1.0
10
1.25
1.50
1.0
1.25
1.25
10
1.25
1.25
15.7
18.3
19.2
11,210
12,342
11,873
18,747
15,098
14.00
14.00
18.59
18,499
18,499
18,499
1,046
1,164
192
182,044
We found 108 numbers that start with the digit 2. Here they are:
2,516
25,275
231,590
205,628
2,124,687
2,035,021
281,161
249,219
246,122
233,498
29,406
24,104
24,213
20,281
299,741
277,883
22,636
27,153
28,350
23,213
2,655
21,087
29,348
2,157,037
2,035,021
2,019
21,123
21,662
270,263
205,628
29,348
231,590
231,590
2,124,687
2,124,687
29,348
2,150
24,757
2,363
264,108
254,266
23,817
24,777
2,882
20,325
299,933
281,161
249,219
249,219
280,036
2,153
277,883
2,153
2,153
29,348
29,348
29,348
22,921
25,489
2,250
2,323
2,944
28
2,109
298,052
223,104
243,896
267,498
264,445
205,127
27,776
21
266
216
2,673
200,000
225,000
27.2
20.0
20.3
2.8
2.8
2.8
286,875
2.5
2.3
25
2.50
25
25
25
2.25
25
2.25
25
20
24.0
20.7
22,736
21,123
21,662
28,067
249
21.27
20.2
200
200
240.0
We found 72 numbers that start with the digit 3. Here they are:
322,163
3,947
3,890
3,488,347
3,163,790
3,488,347
3,163,790
354,108
337,115
35,132
300,432
31,789
34,437
38,357
380,505
30,891
3,741
34,111
33,489
34
34
3,040
3,161
37,900
30,413
3,257
34,804
3,748
3,188
3,404
322,163
334,061
318,343
337,115
35,132
35,132
378,352
380,505
33,489
33,489
34
34
31.2
39,617
3,890
3.7
3.9
3,931
3,897
3,713
385
3,741
39.7
36.0
34,925
30.0
30.0
30.0
3.85
3.00
350
30.4
35.2
3,751
3,700
3,506
32,887
36.91
3,363
3,053
300.0
30.0
4's 5's 6's
We found 52 numbers that start with the digit 4. Here they are:
403,979
48,564
495,246
44,845
48,380
47,514
49,608
46,038
44,202
48,766
401,281
40,305
459,317
468,032
45,377
41,814
4,748
45,323
4,624
44,376
44,376
4,845
452,241
491,897
403,979
44,194
4,754
457,164
459,317
42.1
43,507
47,031
41,018
4,748
425,000
4.50
486,875
4.50
4.50
4.72
486.9
450
40
4,343
4.1
47.21
477
46.47
477
46.47
477
46.47
We found 36 numbers that start with the digit 5. Here they are:
557,436
58,605
588,216
58,714
55,614
515
5,703
59,939
5,703
59,939
5,004
5,796
5,003
536,875
54,375
58,513
5,046
51,154
50,203
5,703
5,494
530
515,886
554,655
555
50,000
5,836
5.8
511.9
50
5.00
511.9
5
5,923
59,939
571.0
We found 38 numbers that start with the digit 6. Here they are:
66,371
6,013
67,745
67,868
68,670
6,305
6,287
67,655
60,189
69,545
6,218
6,414
654
6,570
6,570
6,414
6,414
6
6,707
6,013
6.4
6.2
61
6,875
624,688
601,502
616
63.1
600,000
600,000
600
6.34
6,353
67.96
65.50
60,682
60,013
60,013
7's 8's 9's
We found 40 numbers that start with the digit 7. Here they are:
737,200
75,721
78,812
70,338
79
74,717
70,338
70,338
74,717
736,875
79,795
7
737,200
737,200
774
774
774
70,338
79
7,087
7,289
7,795
7,354
74,948
737,011
759,782
712,094
70,110
759,782
7
7,319
7,890
74,717
726
73.61
73.61
71.02
74.54
732
732
We found 53 numbers that start with the digit 8. Here they are:
86,662,663
835,948
86,725
874,972
86,823
86,127
887,957
86,860
8,029
80,516
84,876
8,157
8,325
86,073
81
87,193
85,697
86,935
85,424
88,634
87,122
88,699
86,707
8
837
8,241
81,816
87,193
85,697
86,935
85,424
87,193
85,697
86,935
85,424
88,634
87,122
88,699
86,707
81
813
851
8,325
8,174
81,059
835,948
84,925
886,875
874,972
874,972
8.1
8.3
84.99
We found 23 numbers that start with the digit 9. Here they are:
9,948
9,404
900,000
9
9
90,037
9,804
9
9
9
9
9
9
9
9,966
98
90,811
90,037
9,804
9,804
987
9.3
9,763
While the above HQY 10Q Filed 12/9/2024 is interesting in isolation, we have found that it is also useful to take a look at older HEALTHEQUITY, INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 12/9/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical HQY 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 12/9/2024
30.5
17.8
11.9
8.6
5.9
6.3
6.6
8.7
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL? ✓  [ original filing ]
Total numbers found: 607

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10K Filed 3/22/2024
30.6
15.2
10.8
10.7
7.2
7.9
5.0
7.4
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 1,107

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 6/7/2023
33.2
16.4
9.6
8.3
7.6
5.0
4.0
9.6
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL? ✓  [ original filing ]
Total numbers found: 397

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 9/8/2022
27.8
17.3
13.5
9.6
4.9
7.6
4.7
9.4
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL? ✓  [ original filing ]
Total numbers found: 554

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 12/9/2021
30.2
14.0
12.7
9.5
6.6
8.1
6.0
8.7
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 90
XBRL? ✓  [ original filing ]
Total numbers found: 620

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10K Filed 3/31/2021
29.0
17.3
11.1
8.8
8.1
8.2
7.7
5.9
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 793

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 6/4/2020
29.3
18.4
10.1
6.4
7.3
9.9
9.2
4.7
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL? ✓  [ original filing ]
Total numbers found: 467

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 9/3/2024
31.9
18.8
9.3
9.8
5.8
6.0
5.6
7.6
5.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 602

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 12/5/2023
29.9
14.9
13.0
6.9
7.8
5.7
6.1
9.9
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL? ✓  [ original filing ]
Total numbers found: 525

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10K Filed 3/30/2023
29.7
14.8
10.8
11.6
7.5
7.6
4.7
8.0
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL? ✓  [ original filing ]
Total numbers found: 804

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 6/8/2022
31.1
15.7
16.4
9.0
6.0
6.2
2.7
8.7
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 61
XBRL? ✓  [ original filing ]
Total numbers found: 402

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 9/9/2021
26.5
17.3
10.5
7.8
7.2
9.1
8.8
8.2
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 514

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 12/9/2020
27.0
17.9
15.4
6.9
6.6
7.5
9.2
5.5
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL? ✓  [ original filing ]
Total numbers found: 577

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10K Filed 3/31/2020
25.7
18.5
11.9
10.7
7.4
7.7
8.5
5.2
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 848

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 6/3/2024
29.4
19.8
9.0
10.8
7.4
6.3
4.7
7.0
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 445

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 9/5/2023
32.1
15.9
11.9
8.6
6.1
4.2
4.0
10.9
6.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL? ✓  [ original filing ]
Total numbers found: 521

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 12/8/2022
31.5
14.0
13.1
9.1
6.8
6.6
4.3
9.7
5.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 559

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10K Filed 3/31/2022
29.4
14.3
11.9
10.8
8.2
8.6
5.8
6.4
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 880

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 6/8/2021
29.4
15.1
13.5
7.9
6.1
7.1
9.0
7.4
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL? ✓  [ original filing ]
Total numbers found: 378

■ = Typical HQY range from 3/31/2020 to 12/9/2024
10Q Filed 9/9/2020
28.7
17.8
10.4
6.5
7.2
10.4
9.5
4.6
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 52
XBRL? ✓  [ original filing ]
Total numbers found: 567

■ = Typical HQY range from 3/31/2020 to 12/9/2024
AOXY 10Q Filed 1/17/2025:
26
SCLX 10Q Filed 1/17/2025:
90
BACK 10Q Filed 1/17/2025:
59
TPET 10K Filed 1/17/2025:
95
FHLD 10K Filed 1/16/2025:
20
IIIN 10Q Filed 1/16/2025:
77
TRMB 10Q Filed 1/15/2025:
81
NEOG 10Q Filed 1/15/2025:
45
PKE 10Q Filed 1/15/2025:
75
LGIQ 10Q Filed 1/15/2025:
59
FORLU 10Q Filed 1/14/2025:
65
RMCF 10Q Filed 1/14/2025:
78
IRRXU 10Q Filed 1/14/2025:
59
BMRA 10Q Filed 1/14/2025:
83
VLD 10Q Filed 1/14/2025:
97
CVGW 10K Filed 1/14/2025:
52
FNGR 10Q Filed 1/14/2025:
98
DBMM 10Q Filed 1/14/2025:
3
LOOP 10Q Filed 1/14/2025:
80
JCTC 10Q Filed 1/14/2025:
51
NTRP 10Q Filed 1/14/2025:
96
RR 10K Filed 1/14/2025:
72
EMKR 10K Filed 1/14/2025:
75
APLD 10Q Filed 1/14/2025:
83
ASRE 10Q Filed 1/14/2025:
42
NRIS 10Q Filed 1/14/2025:
35
SODI 10Q Filed 1/14/2025:
71
HOVR 10Q Filed 1/14/2025:
36
RILY 10Q Filed 1/13/2025:
97
VRTC 10Q Filed 1/13/2025:
30
EACO 10Q Filed 1/13/2025:
55
EDUC 10Q Filed 1/13/2025:
70
MARK 10Q Filed 1/13/2025:
99
WS 10Q Filed 1/13/2025:
92
BZYR 10Q Filed 1/13/2025:
71
AEHR 10Q Filed 1/13/2025:
84
VHAI 10Q Filed 1/13/2025:
74
CVM 10K Filed 1/13/2025:
80
ADBE 10K Filed 1/13/2025:
95
DFCO 10K Filed 1/13/2025:
75
 

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