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Apr 30
Phreesia Q1 2026 Earnings Report
Phreesia announced financial results for the fiscal first quarter ended April 30, 2025.
Key Takeaways
Phreesia reported a strong start to fiscal year 2026 with significant revenue growth, improved net loss, and a substantial increase in Adjusted EBITDA compared to the prior year.
Total revenue for the quarter was $115.9 million, a 15% increase year-over-year.
Net loss improved significantly to $3.9 million from $19.7 million in the same period last year.
Adjusted EBITDA saw a substantial rise to $20.8 million, up from $4.1 million in the prior year's first quarter.
Free cash flow turned positive at $7.5 million, compared to negative $6.2 million in the prior year.
Phreesia
Phreesia
Phreesia Revenue by Segment
Revenue by Segment
Subscription Services Revenue
CapyFin.comPayment Processing Revenue
CapyFin.comNetwork Solutions Revenue
CapyFin.com Forward Guidance
Phreesia is maintaining its revenue outlook for fiscal 2026 and has updated its Adjusted EBITDA outlook upwards.
Positive Outlook
- Maintaining revenue outlook for fiscal 2026 in the range of $472 million to $482 million.
- Updating Adjusted EBITDA outlook for fiscal 2026 to a range of $85 million to $90 million, an increase from the previous range.
- Expectation for AHSCs to reach approximately 4,500 in fiscal 2026.
- Expectation for total revenue per AHSC in fiscal 2026 to increase from fiscal 2025.
- Sufficient cash and cash equivalents along with cash generated from operations to reach the fiscal 2026 outlook.
Challenges Ahead
- Revenue range provided for fiscal 2026 assumes no additional revenue from potential future acquisitions.
- Adjusted EBITDA range provided for fiscal 2026 assumes continued improvements in operating leverage.
- Reconciliation of Adjusted EBITDA outlook to GAAP net income (loss) is not provided due to uncertainty and potential variability of certain items.
- Such uncertain items could have a significant impact on the calculation of GAAP net income (loss).
- Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different.
Revenue & Expenses
Visualization of income flow from segment revenue to net income