Phreesia Reports First Net Income Positive Quarter

Phreesia ( (PHR) ) has released its Q2 earnings. Here is a breakdown of the information Phreesia presented to its investors.

Phreesia, Inc., a leader in patient activation solutions, provides digital tools to enhance patient engagement and improve healthcare outcomes across the U.S. healthcare sector. In its second quarter fiscal 2026 earnings report, Phreesia announced its first-ever net income positive quarter, alongside a significant acquisition agreement with AccessOne, a leader in healthcare receivables financing solutions. The company’s total revenue for the quarter was $117.3 million, marking a 15% year-over-year increase. The average number of healthcare services clients rose by 7%, and the total revenue per client also increased by 7%. Notably, Phreesia achieved a net income of $0.7 million, a significant turnaround from a net loss of $18.0 million in the previous year. Adjusted EBITDA saw a substantial rise to $22.1 million from $6.5 million year-over-year, and free cash flow improved to $9.6 million from $3.7 million. Looking ahead, Phreesia maintains its fiscal 2026 revenue outlook, anticipating revenues between $472 million and $482 million, with an updated Adjusted EBITDA forecast of $87 million to $92 million. The company is poised for further growth with the upcoming AccessOne acquisition, which is expected to enhance its payment solutions portfolio.