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 9/9/2019 to 6/3/2024 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.
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
XBRL?   [ original filing, HQY stockholder letter ]
Total numbers found: 445
Recent share count: 87,009,915 (8's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
445
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.
92

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was above the company's typical historical range.
 • We deducted point upon observing the 3's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 3's percentage was below the company's typical historical range.
 • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier.
 • 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 point 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.
Benford's Law Stocks Indicator
HQY
High score compared to other filers, with HQY falling in the highest quartile of filers.
FORM
GNPX
ICAD
JOUT
FTFT
HBNC
HTBI
IDEX
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 131 numbers that start with the digit 1. Here they are:
106,218
104,893
1,071,371
1,648,145
1,648,145
18,167
12,041
117,091
19,273
19,270
1,056,483
1,011,678
1,148,700
1,128,769
100,000
1,863,334
1,829,384
118,214
111,073
121,644
100,459
187,138
148,470
19,935
145,508
125,289
11,795
14,997
1,828
13,169
10,012
1,895,640
1
1,829,384
1,745,716
1,930
18,204
1,863,334
1,764,573
149,916
154,010
1,918,592
18,204
1,157
1,325
1,579
1,741
1,844
1,745
1,921
13,106
132
152,750
18,850
19,498
119
120
105,112
111,073
147,826
148,470
124,645
125,289
13,169
13,169
1,852
1,072
1
1.0
14,455
14,455
1.4
1.5
1,395
1,598
1,828
1.2
1,469
132,825
110,888
12,900
12,900
1,704,526
1,071,371
197,388
183,386
132,825
105,049
12,900
12,879
1,437,450
1,071
163,974
163,974
134
1,047
1,101
175,000
176,101
11.7
15.5
11,200
11,903
11.2
11.9
102.250
101.125
100.000
100
104.500
1.0
1.25
1.25
10
1.25
1.25
175.0
10.0
100
13.3
19.2
17.1
17,232
18,204
14.3
14.00
117
14.00
16.47
14.00
182,044
We found 88 numbers that start with the digit 2. Here they are:
251,229
23,103
234,441
205,628
2,097,784
2,035,021
287,597
244,432
23,494
25,538
25,545
23,166
2,143
23,181
28,813
2,035,021
205,628
28,813
234,441
2,097,784
28,813
227
25,757
25,381
2,347
256,123
269,950
2,432
2,317
28,624
254,266
251,229
225,642
277
2,404
2,465
244,432
244,432
28,813
24,954
25,489
2.5
2,367
2,601
2,239
230
2,257
2,741
2,109
273,998
203,496
218,050
21,937
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
286,875
286,875
2.3
2.5
2.3
25
2.25
25
2.25
25
20
2.5
20.2
2,779
28,067
23,169
23,169
23,169
20.2
200
200
We found 40 numbers that start with the digit 3. Here they are:
3,741
3,947
3,246,484
3,163,790
3,246,484
3,163,790
38,236
3,458
3,404
33,239
33
33
32,020
38,938
39,041
32,020
3
31,538
32
33
33
36.9
31.2
362
3,881
3,404
37.5
36.5
34,925
3
350
300
3.85
3.00
3,606
32,020
36.91
3,363
39
3,563
4's 5's 6's
We found 48 numbers that start with the digit 4. Here they are:
403,979
47,455
48,564
404,902
48,108
48,380
49,608
41,192
46,038
48,253
48,766
47,739
44,879
41,630
4,426
4,094
4,094
4,094
4,514
403,979
4,453
42
44,879
44,879
4,094
4,094
4,094
46,496
47,031
41,413
41,018
477
437,200
425,000
4.50
4.50
4.50
4.72
40
40
4.4
4,525
4,323
4,892
41.28
40.84
40.84
40.84
We found 33 numbers that start with the digit 5. Here they are:
557,436
5,083
56,090
53,192
5,918
5,388
50
599
50,000
54,375
546
51,771
51,027
5,961
5,961
5,918
5,918
5,083
5.3
50.0
525,021
541,732
554,655
555
50,000
5
50,000
50.0
5.0
5.00
59.1
5,940
547.5
We found 28 numbers that start with the digit 6. Here they are:
6,013
68,875
67,868
63,282
68,670
653
65,429
644
644
644
6,013
6.2
633,155
601,502
616
63.1
600,000
600,000
600
6.67
6,927
609
609
609
67.96
66.43
62.67
60,682
7's 8's 9's
We found 21 numbers that start with the digit 7. Here they are:
7,051
703
782
738
721
7
7,087
7,087
74
70,502
759,782
70,110
759,782
7
7.43
7.5
726
73.61
73.61
750
73.81
We found 31 numbers that start with the digit 8. Here they are:
87,010,560
835,948
874,972
87,010
86,127
88,480
82,347
80,873
8,038
8,391
86,472
85,030
88,324
86,102
8
88,480
86,472
85,030
86,472
85,030
88,324
86,102
87,821
81,059
835,948
84,925
886,875
874,972
874,972
87.67
85,000
We found 25 numbers that start with the digit 9. Here they are:
9,755
9,404
92,217
925,675
900,000
9
9
9,057
9,055
95,962
9
9
9
9,003
9,135
916
94,441
96,606
95,962
972
936,875
925,675
925,675
9.3
989
While the above HQY 10Q Filed 6/3/2024 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 6/3/2024 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.

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: 92
XBRL?   [ original filing ]
Total numbers found: 445

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 72
XBRL?   [ original filing ]
Total numbers found: 521

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 89
XBRL?   [ original filing ]
Total numbers found: 559

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 94
XBRL?   [ original filing ]
Total numbers found: 880

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 76
XBRL?   [ original filing ]
Total numbers found: 378

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 57
XBRL?   [ original filing ]
Total numbers found: 567

= Typical HQY range from 9/9/2019 to 6/3/2024
25.5
18.1
14.6
6.5
8.1
9.2
7.8
5.7
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL?   [ original filing ]
Total numbers found: 651

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 95
XBRL?   [ original filing ]
Total numbers found: 1,107

= Typical HQY range from 9/9/2019 to 6/3/2024
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 9/9/2019 to 6/3/2024
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 9/9/2019 to 6/3/2024
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 9/9/2019 to 6/3/2024
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: 95
XBRL?   [ original filing ]
Total numbers found: 793

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 72
XBRL?   [ original filing ]
Total numbers found: 467

= Typical HQY range from 9/9/2019 to 6/3/2024
24.0
16.2
13.4
10.1
7.1
10.4
8.1
6.9
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL?   [ original filing ]
Total numbers found: 567

= Typical HQY range from 9/9/2019 to 6/3/2024
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 9/9/2019 to 6/3/2024
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: 76
XBRL?   [ original filing ]
Total numbers found: 804

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 62
XBRL?   [ original filing ]
Total numbers found: 402

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 83
XBRL?   [ original filing ]
Total numbers found: 514

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 73
XBRL?   [ original filing ]
Total numbers found: 577

= Typical HQY range from 9/9/2019 to 6/3/2024
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: 84
XBRL?   [ original filing ]
Total numbers found: 848

= Typical HQY range from 9/9/2019 to 6/3/2024
 

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