Phreesia (NYSE: PHR) is a healthcare software company that provides solutions for managing patient intake. On May 27, 2026, Phreesia announced its first-quarter financial results before the market opened, revealing performance that exceeded analyst expectations and showed significant year-over-year growth.
The company announces an earnings per share (EPS) of $0.05, which is higher than the consensus estimate of $0.02. As highlighted by Zacks, this represents a notable turnaround from the loss of $0.07 per share reported in the same quarter of the previous year.
Furthermore, Phreesia's revenue for the quarter comes in at approximately $130.94 million, surpassing the estimated $130.08 million. This is a 13% increase from the $116 million reported in the prior-year quarter and marks the fourth straight quarter the company has beaten revenue estimates.
This revenue growth is driven by a 40% increase in its payment solutions and a 15% rise in its network solutions revenue. As reported by Businesswire, the company also expands its client base, with the average number of healthcare services clients growing by 7% to 4,708.
Phreesia’s profitability also shows strong improvement. Its adjusted EBITDA, a measure of operating profit, increases to $30.50 million from $20.80 million last year. The company achieves a net income of $3.00 million, a positive shift from the $3.90 million net loss in the same quarter a year ago.
