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 12/5/2019 to 9/3/2024 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.
Benford Chart for HQY 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
XBRL? ✓  [ original filing, HQY stockholder letter ]
Total numbers found: 602
Recent share count: 87,010,560 (8's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
602
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 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.
 • We deducted point upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the company's typical historical range.
 • The 6's percentage was higher than the 5'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%.
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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 192 numbers that start with the digit 1. Here they are:
108,454
104,893
1,254,210
1,648,145
1,648,145
10,562
12,041
120,908
117,091
1,101,400
19,270
1,236,521
1,011,678
1,357,429
1,128,769
100,000
1,886,765
1,829,384
116,720
111,960
138,684
181,156
159,262
157,777
10,108
19,165
16,075
17,908
13,994
196,335
187,846
151,665
19,123
114,670
107,959
1,777
145,123
126,925
100,559
15,427
13,272
12,313
10,516
14,224
10,794
15,220
10,581
14,675
12
17
12
17
1,918,592
1,895,640
1
1,863,334
1,764,573
1,829,384
1,745,716
1,857
1,021
1,886,765
1,785,014
1,886,765
1,785,014
154,010
149,916
10,581
14,675
164,591
164,591
1,949,614
1,949,614
14,675
1,428
1,461
1,157
12,706
14,675
173,558
108,645
18,794
1,462
19,384
161
1,354
13,471
15,113
105,719
111,960
12,202
193,358
12,202
181,156
189,225
1,379
187,846
150,930
151,665
1,379
126,190
126,925
1,379
10,516
10,516
10,581
10,581
14,675
14,675
10,581
14,675
1,515
1,801
1,070
12
17
12
17
1
1.6
1
14,461
14,455
1.3
1.3
1,957
1,272
1,746
11
1.2
1,469
100,039
132,825
116,728
16,097
12,900
12,900
1,926,615
1,254,210
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
1,111,875
10,475
11,903
1,101,400
1,101,400
10.5
11.9
102.250
101.125
100.000
100
104.500
1.0
10
1.25
1.50
1.0
1.25
1.25
10
1.25
1.25
10.8
15.2
19.1
19.2
18.1
12,394
14,846
14.00
14.00
17.30
16,780
16,780
16,780
1,027
156
182,044
We found 113 numbers that start with the digit 2. Here they are:
2,831
25,497
270,263
205,628
2,157,037
2,035,021
234,934
223,033
260,328
299,928
243,549
204,052
21,525
27,825
23,166
2,044
290,631
252,214
24,740
27,222
28,269
2,756
20,704
23,685
24,236
2,097,784
2,035,021
21,574
20,073
234,441
205,628
270,263
270,263
2,157,037
2,157,037
25,329
225,000
228,388
254,266
290,345
26,970
23,504
20,325
210,831
223,033
243,549
243,549
298,756
250,835
252,214
23,685
23,685
23,450
25,489
2.7
2.0
22.6
2.8
2,257
2,365
2,667
2,484
272
2,756
2,109
284,097
211,765
230,973
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
225,000
2.0
2.5
25
2.50
25
25
25
2.25
25
2.25
25
20
225.0
286.9
23.2
25.6
21.2
2,934
25,568
21,574
20,073
28,067
219
21.27
20.2
200
200
28,000
We found 56 numbers that start with the digit 3. Here they are:
326,893
3,947
3,514,466
3,163,790
37,072
3,514,466
3,163,790
38,913
391,190
300,135
39,058
32,260
30,981
3,920
3,114
3,643
35,822
368
3,787
38,277
35,822
38,277
3,561
3,365
3,970
3,840
384
36,079
326,893
3,370
3,228
300
38,913
38,913
300,135
3,643
3,643
35,822
31.2
3,985
3,103
3,114
36.3
34,925
3
3.85
3.00
350
39.4
3,850
3,478
38,277
36.91
3,363
3,271
300
4's 5's 6's
We found 59 numbers that start with the digit 4. Here they are:
403,979
48,564
495,627
4,592
46,484
48,380
49,608
46,038
46,158
48,766
44,524
487,981
45,019
46,332
47,921
4,584
46,616
41
40
4,254
4,623
452,241
479,032
4,216
403,979
487,981
487,981
41
40
42.7
44,998
47,031
40,406
41,018
4,592
4.5
4,624
4,966
4,082
466
4,584
4,839
42.3
425,000
4.50
4.50
4.50
4.72
40
450
40
4,393
4,283
4.1
4.1
47.21
45.38
45.38
45.38
We found 35 numbers that start with the digit 5. Here they are:
557,436
587,525
58,580
54,767
53,363
56,526
5,502
58,929
53,594
53,594
5,204
590
54,375
53,182
50
56
502
50.0
5,451
528,809
554,655
555
50,000
5
511.9
511.9
50
5.00
511.9
53,594
507
507
507
565.1
511.9
We found 36 numbers that start with the digit 6. Here they are:
60,280
6,013
65,408
67,868
63,379
63,466
68,670
6,943
6,518
64,635
64,635
64,635
6,594
6,241
6,241
64,635
6,013
6.2
619
6,984
6,518
636,972
672,405
601,502
616
63.1
600,000
600,000
600
6.70
6,257
6,454
67.96
65.88
60,682
65,000
7's 8's 9's
We found 34 numbers that start with the digit 7. Here they are:
76,915
76,904
70,496
79,855
74
73
77,387
7,267
77,086
70
735
735
735
74
73
7,087
7,087
72,332
737,011
759,782
70,110
759,782
79.9
72.8
7
7.46
7,459
7,999
7,919
726
73.61
73.61
71.95
73.74
We found 46 numbers that start with the digit 8. Here they are:
87,324,465
835,948
874,972
87,324
86,127
83,792
8,037
8,853
87,131
85,533
86,805
85,286
88,646
86,341
88,606
86,356
8
82,548
8,138
8,526
8,175
828
83,792
83,792
87,131
85,533
86,805
85,286
87,131
85,533
86,805
85,286
808
88,646
86,341
88,606
86,356
81,059
835,948
84,925
886,875
874,972
874,972
8,173
8,336
85.01
We found 31 numbers that start with the digit 9. Here they are:
9,895
9,404
900,000
9
9
92,676
92,263
95,876
91,884
9,561
9
9
9
9
9
9
9
9,345
98,917
92,676
92,619
91,884
9,561
9,561
9
985
981
9.0
9.3
9,175
963
While the above HQY 10Q Filed 9/3/2024 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 9/3/2024 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.

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: 77
XBRL? ✓  [ original filing ]
Total numbers found: 602

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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: 62
XBRL? ✓  [ original filing ]
Total numbers found: 402

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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: 82
XBRL? ✓  [ original filing ]
Total numbers found: 514

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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: 83
XBRL? ✓  [ original filing ]
Total numbers found: 848

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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: 87
XBRL? ✓  [ original filing ]
Total numbers found: 559

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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: 94
XBRL? ✓  [ original filing ]
Total numbers found: 880

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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: 56
XBRL? ✓  [ original filing ]
Total numbers found: 567

■ = Typical HQY range from 12/5/2019 to 9/3/2024
10Q Filed 12/5/2019
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: 77
XBRL? ✓  [ original filing ]
Total numbers found: 651

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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: 89
XBRL? ✓  [ original filing ]
Total numbers found: 620

■ = Typical HQY range from 12/5/2019 to 9/3/2024
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 12/5/2019 to 9/3/2024
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: 71
XBRL? ✓  [ original filing ]
Total numbers found: 467

■ = Typical HQY range from 12/5/2019 to 9/3/2024
ANF 10Q Filed 9/6/2024:
81
PATH 10Q Filed 9/6/2024:
60
OOMA 10Q Filed 9/6/2024:
89
ANIX 10Q Filed 9/6/2024:
81
CTLT 10K Filed 9/6/2024:
96
GES 10Q Filed 9/6/2024:
99
SCWX 10Q Filed 9/6/2024:
55
DDS 10Q Filed 9/6/2024:
45
VSCO 10Q Filed 9/6/2024:
95
TLYS 10Q Filed 9/6/2024:
61
SMAR 10Q Filed 9/6/2024:
100
RENT 10Q Filed 9/6/2024:
73
DOCU 10Q Filed 9/6/2024:
66
GIII 10Q Filed 9/6/2024:
72
SCVL 10Q Filed 9/6/2024:
88
NX 10Q Filed 9/6/2024:
65
BBY 10Q Filed 9/6/2024:
94
HURC 10Q Filed 9/6/2024:
89
HOFT 10Q Filed 9/6/2024:
75
GCBC 10K Filed 9/6/2024:
91
PANW 10K Filed 9/6/2024:
88
TWIN 10K Filed 9/6/2024:
80
KFY 10Q Filed 9/6/2024:
73
OUNZ 10Q Filed 9/6/2024:
16
LAKE 10Q Filed 9/6/2024:
88
WLY 10Q Filed 9/6/2024:
85
ABM 10Q Filed 9/6/2024:
83
FLWS 10K Filed 9/6/2024:
91
CULP 10Q Filed 9/6/2024:
58
GDLC 10K Filed 9/6/2024:
65
LTCN 10K Filed 9/6/2024:
70
BCHG 10K Filed 9/6/2024:
42
BRC 10K Filed 9/6/2024:
96
DOMO 10Q Filed 9/5/2024:
87
QMCO 10Q Filed 9/5/2024:
42
BRZE 10Q Filed 9/5/2024:
90
TITN 10Q Filed 9/5/2024:
87
CRDO 10Q Filed 9/5/2024:
65
STRT 10K Filed 9/5/2024:
87
LE 10Q Filed 9/5/2024:
84
 

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