Phreesia Q1 revenue rises on clients growth

Phreesia

27/05/2026 21:16

Overview
US patient activation platform's fiscal Q1 revenue rose 13% yr/yr, slightly beating analyst expectations
Adjusted EBITDA for fiscal Q1 increased to $30.5 mln from $20.8 mln a year earlier
Company maintained fiscal 2027 revenue and Adjusted EBITDA outlooks despite lower network solutions client spend

Outlook
Phreesia expects fiscal 2027 revenue between $510 mln to $520 mln
Company sees fiscal 2027 Adjusted EBITDA between $125 mln to $135 mln
Phreesia expects mid-single-digit AHSC growth and low-single-digit revenue per AHSC growth in fiscal 2027

Result Drivers
CLIENT GROWTH - Increase in average number of healthcare services clients (AHSCs) and higher revenue per client drove Q1 revenue growth
ACCESSONE EXPANSION - Integration and expansion of AccessOne, including increased securitization capacity, supported payment solutions growth and future positioning
AI ADOPTION - Adoption of artificial intelligence into operations aimed at reducing manual processes and increasing efficiency

Company press release: ID:nBw1SM17Fa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$130.94 mln
$130.07 mln (19 Analysts)
Q1 Net Income
 
$2.96 mln
 
*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 13 "strong buy" or "buy", 7 "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 $14.00, about 56.4% above its May 26 closing price of $8.95
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 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.)