PHR Q3 2026 Earnings
Reported Dec 8, 2025 at 4:02 PM ET · SEC Source
Q3 26 EPS
$0.07
MISS 71.31%
Est. $0.24
Q3 26 Revenue
$120.3M
BEAT +0.25%
Est. $120.0M
vs S&P Since Q3 26
-59.4%
TRAILING MARKET
PHR -52.0% vs S&P +7.3%
Market Reaction
Did PHR Beat Earnings? Q3 2026 Results
Phreesia posted a mixed fiscal third quarter for the period ended October 31, 2025, beating its revenue target while falling well short on the bottom line. The healthcare technology company reported revenue of $120.33 million, up 12.7% year-over-year… Read more Phreesia posted a mixed fiscal third quarter for the period ended October 31, 2025, beating its revenue target while falling well short on the bottom line. The healthcare technology company reported revenue of $120.33 million, up 12.7% year-over-year and just ahead of the $120.03 million consensus, but earnings per share of $0.07 missed the $0.24 estimate by 71.31%, weighed in part by integration costs and the timing of its $160 million AccessOne acquisition, which closed November 12. The company did swing to GAAP net income of $4.27 million from a net loss of $14.40 million a year ago, and adjusted EBITDA nearly tripled to $29.15 million, reflecting meaningful operating leverage. Analysts maintaining buy ratings noted both companies in the healthcare technology space looked oversold relative to their growth profiles. Looking ahead, Phreesia raised and narrowed its FY2026 revenue guidance to $479 to $481 million and significantly lifted its adjusted EBITDA outlook to $99 to $101 million, while introducing FY2027 revenue guidance of $545 to $559 million, representing 14% to 16% growth.
Key Takeaways
- • 13% year-over-year total revenue growth driven by all three revenue streams
- • 7% growth in average healthcare services clients (AHSCs) to 4,520
- • 6% increase in total revenue per AHSC to $26,622
- • Strong operating leverage with sales and marketing expense declining $5.9 million year-over-year
- • Patient payment volume increased 9% to $1.181 billion
- • Payment facilitator volume percentage increased to 85% from 81% year-over-year
- • Adjusted EBITDA nearly tripled to $29.1 million from $9.8 million year-over-year
PHR YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
PHR Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am very proud of our team's strong execution in the fiscal third quarter, which is reflected throughout this letter from our revenue and profit results to product updates and client stories.”
— Chaim Indig, Q3 2026 Earnings Press Release
PHR Earnings Trends
PHR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PHR EPS Trend
Earnings per share: estimate vs actual
PHR Revenue Trend
Quarterly revenue: estimate vs actual
PHR Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 MISS | $0.29 | $0.05 | -82.66% | $130.9M | +0.66% |
| Q4 26 MISS FY | $0.32 | $0.02 | -93.73% | $127.1M | +0.35% |
| FY Full Year | — | $0.04 | — | $480.6M | — |
| Q3 26 MISS | $0.24 | $0.07 | -71.31% | $120.3M | +0.25% |
| Q2 26 MISS | $0.19 | $0.01 | -94.81% | $117.3M | +0.75% |