Jan 31, 2024

Phreesia Q4 2024 Earnings Report

Phreesia reported strong momentum going into fiscal year 2025.

Key Takeaways

Phreesia announced its Q4 Fiscal Year 2024 results, with total revenue reaching $95.0 million, a 24% increase year-over-year. The company facilitated over 150 million patient visits in fiscal 2024 and is focusing on continued growth and a return to profitability.

Total revenue was $95.0 million, up 24% year-over-year.

Average number of healthcare services clients (AHSCs) was 3,962, up 26% year-over-year.

Healthcare services revenue per AHSC was $17,456, down 1% year-over-year.

Net loss was $30.6 million, compared to $38.0 million in the same period in the prior year.

Total Revenue
$95M
Previous year: $76.6M
+24.1%
EPS
-$0.56
Previous year: -$0.72
-22.2%
Average Provider Clients
3.96K
Revenue per Provider Client
$24K
Patient Payment Volume
$977M
Previous year: $821M
+19.0%
Gross Profit
$54.8M
Previous year: $48.6M
+12.7%
Cash and Equivalents
$87.5M
Previous year: $177M
-50.5%
Free Cash Flow
-$5.46M
Previous year: -$16.6M
-67.1%
Total Assets
$370M
Previous year: $370M
+0.1%

Phreesia

Phreesia

Phreesia Revenue by Segment

Forward Guidance

Phreesia is maintaining its revenue outlook for fiscal year 2025 at a range of $424 million to $434 million, implying year-over-year growth of 19% to 22%. The company is updating its Adjusted EBITDA outlook for fiscal year 2025 to a range of $12 million to $20 million from a previous range of $10 million to $20 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income