Phreesia, Inc. offers a comprehensive, cloud-based software-as-a-service (SaaS) and payment platform specifically designed for the healthcare industry in the United States and ...
Phreesia, Inc. is a leading healthcare technology company founded in 2005 and headquartered in Wilmington, Delaware, with operations in the United States and Canada. The company offers a comprehensive, cloud-based software-as-a-service (SaaS) and payment platform designed to streamline the patient intake process, enhance patient engagement, and improve revenue cycle management ...Phreesia, Inc. is a leading healthcare technology company founded in 2005 and headquartered in Wilmington, Delaware, with operations in the United States and Canada. The company offers a comprehensive, cloud-based software-as-a-service (SaaS) and payment platform designed to streamline the patient intake process, enhance patient engagement, and improve revenue cycle management for healthcare organizations. The Phreesia Platform is accessible through multiple modalities, including a patient-facing mobile app (Phreesia Mobile), a web-based dashboard for clients, self-service tablets (PhreesiaPads), and on-site arrival kiosks. The platform integrates modules for automated self-registration, insurance verification, point-of-sale payments, cost estimation, appointment scheduling, reminders, and referral tracking. Additionally, it provides life sciences solutions for targeted patient marketing and clinical support tools that gather patient-reported outcomes across 25 specialties, enabling communication via surveys, messaging, and health campaigns. The company also offers COVID-19 support modules for vaccine management and telehealth intake. Financially, Phreesia has shown positive revenue growth with a market cap of approximately $773 million, and recent TTM metrics include a gross profit margin of 65.8%, an EBITDA margin of 8.6%, and a net profit margin of 1.9%. The company employs around 1,778 people and is led by CEO and co-founder Chaim Indig, who has steered the company since its inception. Phreesia's mission is to activate patients and improve healthcare access and outcomes, serving a diverse clientele including individual practices, health systems, and pharmaceutical companies. The company went public on the NYSE in July 2019 under the ticker PHR. With a focus on innovation and patient-centric care, Phreesia continues to expand its platform and influence in the healthcare information services industry.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$480.6M
+14.5%
-1.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$2.3M
+103.9%
+53.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+67.9%
+0.1%
+43.7%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-1.4%
+90.1%
+10.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+0.5%
+103.4%
+55.7%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$67.7M
+716.6%
+8.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+14.1%
+613.3%
+10.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
30.4%
+351.9%
-35.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.53x
-14.3%
+0.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good evening, ladies and gentlemen, and welcome to the Phreesia Second Quarter Fiscal 2027 Earnings Conference Call. [Operator Instructions] First, I would like to introduce Balaji Gandhi, Phreesia's Chief Financial Officer. Mr. Gandhi, you may begin.
Balaji Gandhi: Thank you, operator. Good evening, and welcome to Phreesia's earnings conference call for the second quarter of fiscal 2027, which ended on July 31, 2026. Joining me on today's call is Chaim Indig, our Chief Executive Officer. A more complete discussion of our results can be found in our earnings press release and in our related Form 8-K submission to the SEC, including our quarterly stakeholder letter, both issued after the markets closed today. These documents are available on the Investor Relations section of our website at ir.phreesia.com. As a reminder, today's call is being recorded, and a replay will be available on our Investor Relations website at ir.phreesia.com following the conclusion of the call. During today's call, we may make forward-looking statements, including statements regarding trends, our anticipated growth, our strategies, predictions about our industry and the anticipated performance of our business, including our outlook and visibility regarding future financial results. Forward-looking statements are subject to various risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those described in our forward-looking statements. Such risks are described more fully in our earnings press release, our stakeholder letter and our risk factors included in our SEC filings, including in our quarterly report on Form 10-Q that will be filed with the SEC tomorrow. The forward-looking statements made on this call will be based on our current views and expectations and speak only as of the date on which the statements are made. We undertake no obligation to update and expressly disclaim the obligation to update these forward-looking statements to reflect events or circumstances after the date of this call or to reflect new information or the occurrence of unanticipated events. We may refer to certain financial measures not in accordance with generally accepted accounting principles, such as adjusted EBITDA and free cash flow in order to provide additional information to investors. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. A reconciliation of GAAP to non-GAAP results may be found in our earnings release and stakeholder letter, which were furnished with our Form 8-K filed after the close today with the SEC and may also be found on our Investor Relations website at ir.phreesia.com. I will now turn the call over to our CEO, Chaim Indig.
Chaim Indig: Thank you, Balaji, and good evening, everyone. Thank you for joining our second quarter fiscal year 2027 earnings call. We delivered a solid fiscal second quarter with …