WILMINGTON, DE — Phreesia, Inc. (NYSE: PHR) has released its financial results for the fiscal first quarter ended April 30, 2025, highlighting notable year-over-year progress in key metrics and an optimistic outlook for fiscal 2026.
The company reported total revenue of $115.9 million for the quarter, a 15% increase from the same period last year. The average number of healthcare services clients (AHSCs) grew by 9% to 4,411, with total revenue per AHSC rising 6% to $26,283. Phreesia also reported a much smaller net loss of $3.9 million, a substantial improvement compared to the $19.7 million loss in the prior year. Adjusted EBITDA surged to $20.8 million from $4.1 million a year earlier.
“Our fiscal year 2026 is off to a strong start. I am grateful to our team for their continued commitment to our mission, vision and values. I believe our performance is a reflection of our team truly living our values,” said CEO and Co-Founder Chaim Indig.
The company also achieved substantial progress in cash flow, recording $14.9 million in net cash provided by operating activities, a significant rise from a negative $0.7 million in the same period last year. Free cash flow improved to $7.5 million, from negative $6.2 million in the prior-year quarter.
Fiscal 2026 Outlook
Phreesia is maintaining its fiscal 2026 revenue forecast, which ranges from $472 million to $482 million, and has raised its Adjusted EBITDA guidance to a range of $85 million to $90 million, up from an earlier projection of $78 million to $88 million. The company expects AHSCs to reach approximately 4,500 by the end of fiscal 2026, along with continued growth in total revenue per AHSC.
The company pointed to its $90.9 million in cash and cash equivalents as of April 30, 2025, combined with cash generated from operations, as a strong financial foundation to achieve its goals. Additionally, its credit facility with Capital One offers flexibility for future growth initiatives.
With steady revenue growth, enhanced efficiency, and a commitment to innovation, Phreesia is well-positioned to meet its fiscal 2026 objectives while continuing to support healthcare services clients.
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