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 9/9/2021 to 5/28/2026 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 5/28/2026
28.6
17.8
12.6
7.0
8.2
5.2
4.4
9.8
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, HQY stockholder letter ]
Total numbers found: 427
Recent share count: 83,830,457 (8's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
427
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 4 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for HQY = 81
81

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 4's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 4's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the company's typical historical range.
 • 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.
 • We deducted points upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 9's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 9's percentage was above the company's typical historical range.
HQY's Score Vs. Typical Stock
Benford's Law Stocks Indicator
HQY
Normal-to-high score compared to other filers, falling within the top of the middle 50%.
Other Stocks Ranking Near HQY
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 122 numbers that start with the digit 1. Here they are:
1
122,003
123,696
1,073,045
1,097,172
1,648,145
1,648,145
14,219
12,159
135,740
156,850
1,123,051
1,116,286
1,258,791
1,273,136
100,000
1,901,935
1,916,989
177,204
195,906
122,932
119,784
174,334
156,455
11,655
10,747
106,533
1,113
1,275
153,359
141,233
102,953
12,588
14,858
10,540
12,125
17,038
148
1,916,989
1,905,628
19,406
14,336
15,475
1,901,935
1,905,444
195,906
177,204
19,406
14,336
196
10,106
1,324
1,693
1,750
11,690
1,732
1,649
1,968
15,930
16,057
13,904
16,143
123,314
15,000
1,451
137,180
18,512
1,760
1
14,673
14,140
19,902
1,375
1,235
1,005
1,887
161
185,800
132,825
130,325
12,900
12,900
1,073,045
173,687
132,825
128,846
12,900
12,900
1,999,408
1,097,172
15.0
101.125
100.000
1.0
10
1.25
1.50
17.0
17.2
159
19,406
14,336
1.8
133
15
118
118
118
1,235
123
1,522
122,998
1.0
1,854
196
148
10,317
18
19,387
196
148
1.2
We found 76 numbers that start with the digit 2. Here they are:
265,369
26,664
2,047,395
2,107,196
256,312
224,311
26,833
25,984
25,536
26,515
27,002
2,048
2,733
22,995
25,897
26,045
26,045
2,107,196
2,114,911
209,274
218,353
26,045
2,047,395
2,123,806
277
265
2,080
2,761
2,388
295,948
265,369
287,894
20,809
2,001
2,774
2,858
2,000
20,394
2,209
2,240
2,733
2,048
2,733
2,552
2,529
289,418
2,500
2,012,924
278,291
2.3
25
2.50
25
25
23.0
24.9
24.0
28.4
27.4
25.0
2,787
24.36
24.36
27.84
25.06
2,168
2,848
240,239
28.8
200
200
25,897
26,045
26
2,350,000
27,161
We found 54 numbers that start with the digit 3. Here they are:
318,927
3,800
3,177
34,578
36,310
3,306,186
3,380,332
32,110
34,190
31,007
31,752
3,306,186
3,380,332
354,641
330,844
31,131
34,878
31,752
38,214
38,741
31,242
3,422
362
318,927
37,719
37,318
3,800
3,177
3.1
370,113
321,436
356,597
308,512
3,979
37.7
38.1
346,875
361,875
3.85
3.00
3,387
3,953
3,781
3,781
3,781
300
300
34,312
34,508
31,752
3.91
3,495,000
3,285
34,312
4's 5's 6's
We found 30 numbers that start with the digit 4. Here they are:
466,528
43,373
418
44,836
42,210
418
451
46
4
41,519
40,495
438,346
451,270
4.50
4,219
4,496
4.2
4.5
4.50
4.50
4.72
450
4,524
4,870
47.50
44.53
432
48
42,069
48
We found 35 numbers that start with the digit 5. Here they are:
512,281
52,932
5,707
57,375
54,605
53,915
53,915
53,915
53,915
5,707
53,915
5,702
59,065
56,649
53,558
546
53,915
593
5
5.0
551,504
563,617
5.5
5.9
50
5.00
5.00
5,920
5,081
50.01
50.01
50.01
55.6
5,707
583.5
We found 22 numbers that start with the digit 6. Here they are:
69,658
60,392
67,767
61,436
69,418
62
61
69,418
69,418
69,418
64,738
69,418
62
61
6,452
6,453
6.7
600,000
600,000
600
666
6,935
7's 8's 9's
We found 19 numbers that start with the digit 7. Here they are:
79,156
74,388
78,326
7,781
70,953
784
716
765
7
737,304
759,782
78,306
737,304
759,782
73.61
73.61
78.15
7,561
7,997
We found 42 numbers that start with the digit 8. Here they are:
83,602,157
80,090
83,247
84,941
83,927
85,007
8
8
88,005
8,348
83,078
82
82
84,413
86,655
85,006
88,415
8,463
8
8
88,120
873
86
8,054
84,413
86,655
84,413
86,655
85,006
88,415
82
82
88
834
80,695
8,142
84.15
87.65
86.13
80,081
8,415
8,463
We found 27 numbers that start with the digit 9. Here they are:
953
924
9,916
9,911
942,656
957,379
95,353
93,710
900,000
98,329
92,413
9
9
955
97,526
965
90
939,879
902,236
946,875
961,875
942,656
957,379
942,656
957,379
9.0
94.43
While the above HQY 10Q Filed 5/28/2026 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 5/28/2026 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 5/28/2026
28.6
17.8
12.6
7.0
8.2
5.2
4.4
9.8
6.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 427

■ = Typical HQY range from 9/9/2021 to 5/28/2026
10Q Filed 9/2/2025
28.9
18.5
12.5
7.4
6.4
7.4
6.2
8.1
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL? ✓  [ original filing ]
Total numbers found: 530

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 75
XBRL? ✓  [ original filing ]
Total numbers found: 607

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 94
XBRL? ✓  [ original filing ]
Total numbers found: 1,107

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 84
XBRL? ✓  [ original filing ]
Total numbers found: 397

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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 9/9/2021 to 5/28/2026
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: 89
XBRL? ✓  [ original filing ]
Total numbers found: 620

■ = Typical HQY range from 9/9/2021 to 5/28/2026
10K Filed 3/17/2026
29.9
14.5
9.7
10.1
9.1
7.2
6.2
6.7
6.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 92
XBRL? ✓  [ original filing ]
Total numbers found: 780

■ = Typical HQY range from 9/9/2021 to 5/28/2026
10Q Filed 6/3/2025
30.0
19.6
11.9
9.0
7.4
5.3
6.1
5.8
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL? ✓  [ original filing ]
Total numbers found: 377

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 79
XBRL? ✓  [ original filing ]
Total numbers found: 602

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 69
XBRL? ✓  [ original filing ]
Total numbers found: 525

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 74
XBRL? ✓  [ original filing ]
Total numbers found: 804

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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 9/9/2021 to 5/28/2026
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: 72
XBRL? ✓  [ original filing ]
Total numbers found: 514

■ = Typical HQY range from 9/9/2021 to 5/28/2026
10Q Filed 12/3/2025
27.6
16.9
11.5
8.3
7.4
5.0
7.8
9.8
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 73
XBRL? ✓  [ original filing ]
Total numbers found: 540

■ = Typical HQY range from 9/9/2021 to 5/28/2026
10K Filed 3/18/2025
31.0
16.7
9.3
9.3
6.7
8.4
5.7
6.7
6.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 761

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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 9/9/2021 to 5/28/2026
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: 75
XBRL? ✓  [ original filing ]
Total numbers found: 521

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 90
XBRL? ✓  [ original filing ]
Total numbers found: 559

■ = Typical HQY range from 9/9/2021 to 5/28/2026
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: 91
XBRL? ✓  [ original filing ]
Total numbers found: 880

■ = Typical HQY range from 9/9/2021 to 5/28/2026
DAL 10Q Filed 7/10/2026:
92
SEGG 10K Filed 7/10/2026:
94
EDUC 10Q Filed 7/9/2026:
97
KBH 10Q Filed 7/9/2026:
95
JEF 10Q Filed 7/9/2026:
89
WDFC 10Q Filed 7/9/2026:
100
NRIX 10Q Filed 7/9/2026:
91
SLP 10Q Filed 7/9/2026:
83
EPAC 10Q Filed 7/9/2026:
98
BNED 10K Filed 7/9/2026:
85
EACO 10Q Filed 7/9/2026:
21
SMPL 10Q Filed 7/9/2026:
94
BYRN 10Q Filed 7/9/2026:
74
NTIC 10Q Filed 7/9/2026:
90
PEP 10Q Filed 7/8/2026:
96
LEGOU 10Q Filed 7/8/2026:
44
AZZ 10Q Filed 7/8/2026:
88
LEVI 10Q Filed 7/8/2026:
98
PSMT 10Q Filed 7/8/2026:
100
PCYO 10Q Filed 7/8/2026:
98
UNF 10Q Filed 7/8/2026:
95
CHSCP 10Q Filed 7/8/2026:
96
SOTK 10Q Filed 7/8/2026:
62
HELE 10Q Filed 7/8/2026:
91
TMQ 10Q Filed 7/8/2026:
87
FC 10Q Filed 7/7/2026:
89
PENG 10Q Filed 7/7/2026:
86
KRUS 10Q Filed 7/7/2026:
92
SAR 10Q Filed 7/7/2026:
73
CTWO 10Q Filed 7/2/2026:
48
LNN 10Q Filed 7/2/2026:
84
SNX 10Q Filed 7/2/2026:
85
UUU 10K Filed 7/2/2026:
74
CNXC 10Q Filed 7/2/2026:
77
FIZZ 10K Filed 7/1/2026:
89
GBX 10Q Filed 7/1/2026:
98
FDS 10Q Filed 7/1/2026:
83
GIS 10K Filed 7/1/2026:
72
BSET 10Q Filed 7/1/2026:
65
MSM 10Q Filed 7/1/2026:
82
 

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