Phreesia (PHR)
NYSE:PHR
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Earnings Data
Report Date
Sep 09, 2026After Close (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operating and financial positives: solid top-line growth (+13% YoY), strong adjusted EBITDA improvement (+~46% YoY) and a return to net income, improved operating and free cash flow, enhanced liquidity via refinancing and a larger securitization facility for Access One, and maintained full-year guidance. Headwinds included a sequential decline in subscription revenue, higher variability and lower-than-expected client commitments in Network Solutions for the back half of the year, and some dependence of Payment Solutions growth on the recent Access One acquisition. On balance, the positive operational and financial momentum, maintaining guidance, and strategic financing and product initiatives outweigh the listed challenges.Company Guidance
Revenue Growth
Total revenue for Q1 FY2027 was $130.9 million, up 13% year-over-year.
Strong Payment Solutions Expansion
Payment Solutions revenue grew 40% year-over-year (reflecting contribution from the Access One acquisition which closed in Q4 FY2026); company introduced 'total managed payments' metric of $1.786 billion and a Payment Solutions revenue rate of 2.3% for Q1.
Network Solutions Growth
Network Solutions revenue increased 15% year-over-year, and new Provider Connect product launched earlier in the year has recorded wins and contributed to guidance, providing runway for future years.
Improved Profitability and Adjusted EBITDA
Adjusted EBITDA was $30.5 million versus $20.8 million in the prior-year period (approximately +46% YoY), representing a 23% adjusted EBITDA margin; company maintains FY2027 adjusted EBITDA guidance of $125 million to $135 million.
Net Income Turnaround
Net income was $3.0 million in the quarter compared to a net loss of $3.9 million in the same period last year, marking the third consecutive quarter of positive net income.
Client Base and Revenue Per Client
Average healthcare services clients (AHSC) reached 4,700, up +50 sequentially and up +7% year-over-year (net adds); total revenue per client (per HIC) was $27,811, up 6% year-over-year.
Stronger Cash Flow and Liquidity Actions
Net cash provided by operating activities was $23.9 million (+$9.1 million YoY); free cash flow was $16.4 million (+$8.9 million YoY). Cash and equivalents were $76.4 million (up from $73.8 million).
Balance Sheet & Financing Enhancements
Refinanced bridge loan: repaid using $92 million of borrowings from a new 5-year $275 million senior secured revolving credit facility (Capital One) with $84 million outstanding at quarter end (an $8 million paydown in the quarter). Expanded Access One securitization with PNC: increased facility limit from $200 million to $300 million and extended term through April 2029, enabling upfront funding to non-investment-grade clients.
Cost Reduction Initiatives & AI Opportunity
Implemented a May restructuring plan intended to reduce operating expenses and better align cost structure; company identified opportunities to reduce reliance on manual processes via AI and expects meaningful annualized run-rate expense savings (savings are reflected in guidance).
Fiscal 2027 Guidance Maintained
Company maintained FY2027 revenue outlook of $510 million to $520 million (assumes ~ $37 million contribution from Access One) and reiterated AHSC growth in mid-single digits and revenue per AHSC low single-digit growth assumptions.
PHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 27, 2026 | $9.13 | $9.45 | +3.50% |
Mar 30, 2026 | $11.41 | $8.38 | -26.56% |
Dec 08, 2025 | $20.12 | $15.43 | -23.31% |
Sep 04, 2025 | $31.21 | $28.13 | -9.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Phreesia (PHR) report earnings?
Phreesia (PHR) is schdueled to report earning on Sep 09, 2026, After Close (Confirmed).
What is Phreesia (PHR) earnings time?
Phreesia (PHR) earnings time is at Sep 09, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHR EPS forecast?
PHR EPS forecast for the fiscal quarter 2027 (Q2) is 0.09.