Phreesia's revenue rises in Q4; lowers 2027 outlook

Phreesia

30/03/2026 21:14

Overview

U.S. healthcare tech firm's fiscal Q4 revenue rose 16% yr/yr, slightly beating analyst expectations

Adjusted EBITDA for fiscal Q4 beat analyst estimates, rising to $29.4 mln

Company lowered fiscal 2027 revenue outlook due to reduced pharma client spending commitments

Outlook

Phreesia lowers fiscal 2027 revenue outlook to $510 mln-$520 mln from $545 mln-$559 mln

Company maintains fiscal 2027 Adjusted EBITDA outlook at $125 mln-$135 mln

Phreesia expects AHSC growth in mid-single-digit percentage, lowers revenue per AHSC outlook to low-single-digit growth

Result Drivers

CLIENT GROWTH - Average number of healthcare services clients rose 7% yr/yr, contributing to higher revenue

PAYMENT SOLUTIONS EXPANSION - Payment solutions revenue increased, aided by the AccessOne acquisition completed in November 2025

HIGHER REVENUE PER CLIENT - Revenue per healthcare services client rose 8% yr/yr, supporting overall revenue growth

Company press release: ID:nBw2kFmLba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$127.07 mln
$126.62 mln (19 Analysts)
Q4 EPS
$0.02
Q4 Net Income
$1.30 mln
Q4 Adjusted EBITDA
Beat
$29.40 mln
$28.12 mln (19 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Phreesia Inc is $25.50, about 132.2% above its March 27 closing price of $10.98

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 89 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)