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Phreesia (PHR) investor relations material
Phreesia Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved Q3 FY2026 revenue of $120.3 million, up 13% year-over-year, with net income of $4.3 million, reversing a prior year loss.
Adjusted EBITDA reached $29.1 million, a significant increase from the prior year, with a record margin of 24%.
Completed the $160 million AccessOne acquisition, funded by $53 million cash and a $110 million bridge loan, expanding into provider financing.
Launched new HCP marketing initiatives and expanded platform integration to drive future growth.
Facilitated over $4 billion in annual patient payments and supported approximately 170 million patient visits in fiscal 2025.
Financial highlights
Free cash flow was $8.8 million for the quarter, up from $1.6 million in the prior year; operating cash flow was $15.5 million.
Cash and cash equivalents totaled $106.4 million at quarter-end, up from $98.3 million in the prior quarter.
Subscription and related services revenue was $55.5 million, payment processing fees $27.4 million, and network solutions $37.4 million for Q3 FY2026.
Net income margin for the quarter was approximately 3.6%.
Q3 included a one-time G&A tax benefit of $900,000, boosting adjusted EBITDA.
Outlook and guidance
FY2026 revenue outlook updated to $479–$481 million, including $7.5 million from AccessOne; Adjusted EBITDA guidance raised to $99–$101 million.
FY2027 revenue expected at $545–$559 million, with Adjusted EBITDA projected at $125–$135 million.
Anticipates mid-single-digit growth in AHSCs and low-double-digit growth in revenue per AHSC for FY2027.
Management expects cash, cash equivalents, and available borrowing capacity to be sufficient for at least the next 12 months.
Plans to refinance or replace the Bridge Loan with a long-term credit facility.
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