Phreesia ( (PHR) ) has released its Q3 earnings. Here is a breakdown of the information Phreesia presented to its investors.
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Phreesia, Inc., a leader in patient activation, provides digital solutions for healthcare providers and life sciences companies to enhance patient engagement and improve healthcare outcomes. In its latest earnings report for the third quarter of fiscal 2026, Phreesia reported a 13% year-over-year increase in total revenue, reaching $120.3 million. The company also achieved a net income of $4.3 million, a significant turnaround from a net loss of $14.4 million in the same quarter of the previous year.
Key financial highlights include a 7% increase in the average number of healthcare services clients and a 6% rise in total revenue per client. Adjusted EBITDA saw a substantial growth to $29.1 million from $9.8 million in the prior year, and free cash flow improved to $8.8 million from $1.6 million. Additionally, Phreesia completed the acquisition of AccessOne, a leader in financing solutions for healthcare receivables, for approximately $160 million, which is expected to enhance its service offerings and financial performance.
Looking ahead, Phreesia has updated its fiscal 2026 revenue outlook to a range of $479 million to $481 million, incorporating expected contributions from the AccessOne acquisition. The company also introduced its fiscal 2027 outlook, projecting revenue growth of 14-16% and Adjusted EBITDA between $125 million and $135 million. Phreesia remains optimistic about its ability to meet these targets through continued operational efficiency and strategic growth initiatives.