HealthEquity, Inc. (NASDAQ:HQY) Q3 2024 Earnings Call Transcript

Jon Kessler: Yeah. I don’t think there’s a step down in Q4, I could be wrong. Maybe if, Jim, if you have the numbers in front of you, it’s not.

James Lucania: No. Yeah, no. There’s nothing that stands out. Like you may — you’re talking about the you’re talking about like the client-held funds short and there, like we may see some dollars coming down, right, as the impact of our treatment that we talked about last quarter. But no, we’re not assuming any big shifts in the short rate.

Jon Kessler: Maybe we can revert to you offline and make sure you’ve got right math. But to get the three next year, the HSA cash rate will be higher in Q4 than it has been year-to-date. And on CHF, in Q4, I mean, it’s — you know what short rates are going to be in the rest of Q4. So, I don’t — there’s not a lot in on there.

Jack Wallace: Thank you.

Richard Putnam: Thanks Jack.

Operator: This concludes our question-and-answer session. I’d like to turn the call back to Jon Kessler for closing remarks.

End of Q&A:

Jon Kessler: I didn’t know we were done. Wow. Okay. So, I just wanted to say that I tried to get Jim in his opening remarks to say that Investor Day was going to be better than cap [ph] and he wouldn’t do it. And I’m trying to bump doubt about that. And if you care about making you feel better than come to our Investor Day. And if you can’t do that or even if you can, we’ll be at certain unnamed conferences in January, no doubt with any. And before that, we’ve got a bunch of other investment activity happening. This is a great time to be where we are, and the credit for that, in my mind, really does belong to our team, as well as to our clients and partners. We have — I’m so pleased at what — at the level of partnership we’re seeing with our employers and our health plan retirement plans and then the level of partnership on our team right now.

We’re doing a lot of tough stuff behind the scenes to set the company up for expansion, not just next year, not just following the year, but for many years to come. And you may not see it all, but it’s a ton of work. And it doesn’t all go perfectly, but it all gets done, and it all gets done with people who are working really hard. So I just want to spend a minute to say thank you on that.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.

Jon Kessler: Thank you.