PHR · Phreesia, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $480.59M | $419.81M | $356.30M | $280.91M | $213.23M | $148.68M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | $121.48M | $117.36M | $112.35M | $91.24M | $52.27M | $22.62M |
| SG&A | $79.90M | $76.60M | $79.93M | $80.38M | $68.67M | $40.46M |
| Total Operating Expenses | $487.20M | $477.91M | $492.78M | $457.46M | $330.05M | $174.35M |
| D&A | $31.45M | $27.89M | $29.49M | $25.30M | $21.30M | $15.91M |
| Operating Income | ($6.61M) | ($58.10M) | ($136.48M) | ($176.55M) | ($116.82M) | ($25.67M) |
| Interest Expense | $6.95M | $2.35M | $1.85M | $1.41M | $1.16M | $1.70M |
| Income Tax | ($11.25M) | $2.72M | $1.54M | $483.0K | $182.0K | $49.0K |
| Net Income | $2.31M | ($58.53M) | ($136.88M) | ($176.15M) | ($118.16M) | ($27.29M) |
| EPS - Basic | $0.04 | ($1.02) | ($2.51) | ($3.36) | ($0.69) | - |
| EPS - Diluted | $0.04 | ($1.02) | ($2.51) | ($3.36) | ($0.69) | - |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $73.83M | $84.22M | $87.52M | $176.68M | $313.81M | $218.78M |
| Accounts Receivable | $97.45M | $73.62M | $64.86M | $51.39M | $40.26M | $29.05M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $11.48M | $5.62M | $8.48M | $10.84M | $5.12M | $4.39M |
| Current Assets | $279.84M | $203.28M | $195.68M | $262.44M | $386.35M | $272.27M |
| Total Assets | $663.79M | $388.42M | $370.33M | $370.06M | $494.48M | $326.67M |
| Current Liabilities | $183.24M | $114.02M | $110.12M | $79.04M | $68.43M | $54.99M |
| Long-term Debt | $2.66M | $1.94M | $3.15M | $246.0K | $360.0K | $1.63M |
| Total Liabilities | $326.58M | $123.61M | $118.88M | $82.24M | $77.20M | $63.36M |
| Stockholders' Equity | $337.21M | $264.81M | $251.45M | $287.82M | $417.28M | $263.31M |
| Retained Earnings | ($799.19M) | ($801.50M) | ($742.97M) | ($606.08M) | ($429.94M) | ($311.78M) |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $78.81M | $32.38M | ($32.38M) | ($90.12M) | ($74.71M) | $2.89M |
| Investing Cash Flow | ($161.88M) | ($24.09M) | ($39.67M) | ($26.20M) | ($65.23M) | ($25.09M) |
| Financing Cash Flow | $72.85M | ($11.49M) | ($17.11M) | ($20.80M) | $234.97M | $150.66M |
| CapEx | $11.10M | $8.71M | $5.81M | $4.73M | $18.42M | $11.24M |
| Free Cash Flow | $67.71M | $23.67M | ($38.18M) | ($94.86M) | ($93.13M) | ($8.35M) |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -1.4% | -13.8% | -38.3% | -62.9% | -54.8% | -17.3% |
| EBITDA margin | 5.2% | -7.2% | -30.0% | -53.8% | -44.8% | -6.6% |
| Net margin | 0.5% | -13.9% | -38.4% | -62.7% | -55.4% | -18.4% |
| Free cash flow margin | 14.1% | 5.6% | -10.7% | -33.8% | -43.7% | -5.6% |
| FCF / Net income | 29.36 | -0.40 | 0.28 | 0.54 | 0.79 | 0.31 |
| R&D / Revenue | 25.3% | 28.0% | 31.5% | 32.5% | 24.5% | 15.2% |
| SG&A / Revenue | 16.6% | 18.2% | 22.4% | 28.6% | 32.2% | 27.2% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 0.3% | -15.1% | -37.0% | -47.6% | -23.9% | -8.4% |
| Return on equity | 0.7% | -22.1% | -54.4% | -61.2% | -28.3% | -10.4% |
| Return on invested capital | -1.5% | -17.2% | -42.3% | -48.4% | -22.1% | -7.7% |
| Liquidity | ||||||
| Current ratio | 1.53 | 1.78 | 1.78 | 3.32 | 5.65 | 4.95 |
| Quick ratio | 1.53 | 1.78 | 1.78 | 3.32 | 5.65 | 4.95 |
| Cash ratio | 0.40 | 0.74 | 0.79 | 2.24 | 4.59 | 3.98 |
| Leverage | ||||||
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 |
| Debt / Assets | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.11 | - | - | - | - | - |
| Interest coverage | -1.0x | -24.8x | -73.6x | -125.1x | -100.4x | -15.1x |
| Equity multiplier | 1.97 | 1.47 | 1.47 | 1.29 | 1.18 | 1.24 |
| Liabilities / Assets | 0.49 | 0.32 | 0.32 | 0.22 | 0.16 | 0.19 |
| Efficiency | ||||||
| Asset turnover | 0.72 | 1.08 | 0.96 | 0.76 | 0.43 | 0.46 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 74d | 64d | 66d | 67d | 69d | 71d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 335.8x | - | - | - | - | - |
| P / B | 2.4x | 6.2x | 5.5x | 6.8x | 3.0x | - |
| P / S | 1.7x | 3.9x | 3.9x | 7.0x | 5.8x | - |
| EV / EBITDA | 30.4x | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 14.5% | 17.8% | 26.8% | 31.7% | 43.4% | 86.2% |
| Revenue CAGR (3y) | 19.6% | 25.3% | 33.8% | 52.1% | - | - |
| Revenue CAGR (5y) | 26.4% | 39.4% | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 88.6% | 57.4% | 22.7% | -51.1% | -355.1% | -67.8% |
| Net income growth (YoY) | - | 57.2% | 22.3% | -49.1% | -333.0% | -34.5% |
| EPS growth (YoY) | - | 59.4% | 25.3% | -387.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 186.0% | - | 59.7% | -1.9% | -1015.2% | 4.2% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 27.3% | 5.3% | -12.6% | -31.0% | 58.5% | 158.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$480.59M totalTechnology Solutions Segment$480.59M · 100.0%
Product / service
$480.59M totalSubscription And Services$219.46M · 45.7%
Network Solutions$139.67M · 29.1%
Payment Solutions$121.46M · 25.3%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
0.21
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing Phreesia against the 5 most active filers in the same SIC group.