“AI is being integrated across all aspects of our organization and our current and future products. We believe we are well positioned to continue to grow our network through product-led growth.”
— Chaim Indig
03Detailed Report
PHR
Company PHR
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 25, 2026
Swipe to view all report sections
Executive Summary
Phreesia reported a solid start to fiscal 2026 with QQ1 revenue of $115.9 million, up 15% year-over-year, underpinned by continued strength in the Network Solutions business and momentum from new product modules. Management highlighted a product-led growth strategy, with AI integration advancing across the platform to deliver measurable outcomes for patients and providers. The quarter delivered positive operating cash flow of $14.9 million and positive free cash flow of $7.5 million, placing the company on a path toward greater cash generation as the revenue base expands.
Key Performance Indicators
Revenue
Increasing
115.94M
QoQ: 5.70% | YoY: 14.54%
Gross Profit
Increasing
77.87M
67.17% margin
QoQ: 2.31% | YoY: 29.07%
Operating Income
Increasing
-3.29M
QoQ: 56.82% | YoY: 83.07%
Net Income
Increasing
-3.91M
QoQ: 38.75% | YoY: 80.15%
EPS
Increasing
-0.07
QoQ: 39.64% | YoY: 81.03%
Revenue Trend
Margin Analysis
Financial Highlights
- Revenue: $115.936 million in QQ1 2026; YoY +15% (14.5% reported YoY revenue growth in the earnings materials).
- Gross Profit: $77.871 million; gross margin 67.17%, up 29.07% YoY and 2.31% QoQ.
- Operating Income: -$3.287 million; operating margin -2.84%; EBITDA: $4.134 million; EBITDA margin ~3.56%.
- Net Income: -$3.914 million; net margin -3.38%; EPS -$0.0664 (basic and diluted).
- Adjusted EBITDA: $20.8 million; adjusted EBITDA margin 18%.
- Customer/Engagement metrics: average AHSCs 4,411, up 70 QoQ and 346 YoY; revenue per AHSC $26,283, up 6% YoY and 4% QoQ.
- Cash flow and liquidity: operating cash flow $14.85 million; free cash flow $7.46 million; cash balance at period end $90.87 million; net debt of -$75.0 million (cash greater than debt).
- Balance sheet: total assets $400.4 million; total liabilities $118.2 million; stockholders’ equity $282.2 million; cash and short-term investments $90.9 million; net receivables $108.1 million.
- Guidance: FY2026 revenue guidance $472–$482 million; adjusted EBITDA guidance $85–$90 million; AHSCs expected to reach ~4,500; revenue per AHSC anticipated to be higher than FY2025.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
115.94M
14.54%
5.70%
Gross Profit
77.87M
29.07%
2.31%
Operating Income
-3.29M
83.07%
56.82%
Net Income
-3.91M
80.15%
38.75%
EPS
-0.07
81.03%
39.64%
Key Financial Ratios
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.