{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"HealthEquity Stock: A Record Quarter - and a $3B Rate Lock. Why We Say HOLD (HQY Q2 FY2027)","slug":"healthequity-stock-a-record-quarter-and-a-3b-rate-lock-why-we-say-hold-hqy-q2-fy2027","published_at":"2026-09-02T07:41:08+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/healthequity-stock-a-record-quarter-and-a-3b-rate-lock-why-we-say-hold-hqy-q2-fy2027","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/healthequity-stock-a-record-quarter-and-a-3b-rate-lock-why-we-say-hold-hqy-q2-fy2027/","audio_url":"https://mcdn.podbean.com/mf/web/t8dhid6mafh5kq8o/audio_b.mp3","summary":"HealthEquity (HQY) Q2 FY2027 — The stock fell 10.6% the same day, from $104.42 to $93.39. Records on every line, guidance raised - and the filing shows the company has fixed the rate on $3.04bn of future HSA cash at 3.93%, a position now $91.5m underwater that Note 10 feeds back through custodial revenue. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$101.27 vs ~$97.00 today. KEY METRICS: - Revenue $350.7m (+7.6%); custodial/interest revenue $175.9m (+10.0%) = 50.2% of the company - Net income $65.6m (+9.7%) but comprehensive income $28.3m (-52.8%) - Non-GAAP EPS $1.24 (+14.8%); GAAP EPS $0.78 (+14.7%) - Adjusted EBITDA $167.0m at a record 48% margin; service costs FELL to $73.2m - Hedge book: 23 Treasury bond forwards, $3.04bn notional at 3.93%, $91.5m unrealised loss - FY27 guide: revenue +$1m, adj EBITDA +$3m, non-GAAP EPS UNCHANGED at $4.66-$4.73 - HSA assets $37.9bn (+14%); 10.7m accounts (+8%); $231m of buybacks in H1 What to watch: the hedge notional stops growing AND the second half beats $2.25 adjusted EPS Also on YouTube: @ChargedAlpha DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.","meta_description":"HealthEquity (HQY) Q2 FY2027 — The stock fell 10.6% the same day, from $104.42 to $93.39. Records on every line, guidance raised - and the filing shows th…","key_points":[],"chapters":[],"topics":[],"duration_seconds":902,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/healthequity-stock-a-record-quarter-and-a-3b-rate-lock-why-we-say-hold-hqy-q2-fy2027/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/healthequity-stock-a-record-quarter-and-a-3b-rate-lock-why-we-say-hold-hqy-q2-fy2027.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}