Phreesia Inc
NYSE:PHR

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Phreesia Inc
NYSE:PHR
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Price: 20.29 USD -1.27% Market Closed
Market Cap: 1.2B USD

Phreesia Inc
Investor Relations

Phreesia Inc., an innovator in the healthcare sector, has carved a niche for itself by redefining how medical practices manage patient intake and engagement. Instead of the traditional, cumbersome, and paper-laden check-in process, Phreesia offers a seamless digital solution. This cloud-based platform empowers healthcare providers by digitizing the registration process, thus enhancing operational efficiency and improving patient experiences. Clinics and hospitals leverage Phreesia's intuitive tablets and mobile solutions, allowing patients to update their information, complete questionnaires, and handle co-payments before even seeing their doctors. It's a technical orchestration that streamlines workflows and frees medical staff to focus more on patient care innovations.

Revenue for Phreesia is generated primarily through a subscription-based model where healthcare providers pay for access to this comprehensive platform. The company offers a menu of services, with added features like robust data analytics, appointment reminder systems, and insurance verification processes. These value-added services not only enhance administrative tasks but also provide actionable insights into patient trends and practice performance. Through strategic partnerships and integrations with various electronic health record (EHR) systems, Phreesia embeds itself deeply into healthcare operations, making its platform indispensable to modern medical practices where patient experience meets cutting-edge technology.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Sep 4, 2025
AI Summary
Q2 2026

First Net Income: Phreesia reported its first ever quarter of positive net income, reaching $700,000 for Q2 FY26.

AccessOne Acquisition: Announced the $160 million cash acquisition of AccessOne, expected to add $35 million in revenue and $11 million in adjusted EBITDA annually, and to close in Q3 or early Q4 FY26.

Revenue Growth: Q2 revenue was $117.3 million, up 15% year-over-year, in line with company expectations.

Cash Flow Strength: Achieved positive operating and free cash flow for the fourth consecutive quarter.

Guidance Raised: Fiscal 2026 adjusted EBITDA guidance increased to $87–92 million (from $85–90 million); revenue guidance maintained at $472–482 million.

TAM Expansion: Total addressable market (TAM) increased significantly to about $24 billion, driven by AccessOne and increased potential in network solutions.

AI Product Traction: Voice AI and other new AI-driven products are rolling out, receiving strong feedback and beginning to generate revenue.

No Risk on Patient Financing: For AccessOne, Phreesia will not bear financial risk on patient payment plans; risk is shared by PNC Bank and providers.

Key Financials
Revenue
$117.3 million
Net Income
$700,000
Adjusted EBITDA
$22 million
Adjusted EBITDA Margin
19%
Operating Cash Flow
$14.8 million
Free Cash Flow
$9.6 million
Cash and Cash Equivalents
$98.3 million
Average Healthcare Services Clients (AHSCs)
4,467
Revenue per Average Healthcare Services Client
$26,249
Earnings Call Recording
Other Earnings Calls

Management

Mr. Chaim Indig
Co-Founder, CEO & Director
No Bio Available
Mr. Evan Roberts
Co-Founder & COO
No Bio Available
Mr. Balaji Gandhi
Chief Financial Officer
No Bio Available
Ms. Allison C. Hoffman J.D.
General Counsel & Secretary
No Bio Available
Mr. David Linetsky
Senior Vice President of Life Sciences
No Bio Available
Ms. Yvonne Hui
VP & Principal Accounting Officer
No Bio Available
Mr. Jack Callahan
Chief Technology Officer
No Bio Available
Ms. Maureen McKinney
Vice President of Corporate Communications
No Bio Available
Mr. Ashwin G. Uttamchandani
Vice President of Sales & Marketing Operations
No Bio Available
Ms. Amy Beth VanDuyn
Senior Vice President of Human Resources
No Bio Available

Contacts

Address
NORTH CAROLINA
Raleigh
434 Fayetteville St., Suite 1400
Contacts
+16467479959.0
www.phreesia.com