Filing Flows › Phreesia (PHR) › Q1 FY26
Phreesia (PHR) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed May 28, 2025
Phreesia (PHR) reported revenue of $116M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +6% from the quarter before. Operating margin was -2.8%, net loss $3.9M (3.4% of revenue).
Phreesia, Q1 FY26: revenue $116M (+14% year over year), operating margin -2.8%, net loss $3.9M, operating cash flow $14.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +6% | +15% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$3.9M | — | — |
| Operating cash flow | $14.8M | -9% | — |
| Free cash flow | $11.3M | -16% | — |
What changed
Revenue was $115.9M in Q1 FY26, up 15% year over year and up 6% from the previous quarter. Subscription and related services was the largest line at 47% of revenue. Subscription and related services added $7.6M year over year (up 16%), 52% of the total change.
Operating costs exceeded revenue by $3.3M, an operating margin of -2.8%. Total costs fell 1% while revenue rose 15%. The fastest-growing cost line was Other operating costs (+13%). The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $6.4M loss.
Operating cash flow was $14.8M. Non-cash charges added back $6.9M of depreciation and amortization and $17.2M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $3.5M left free cash flow of $11.3M.
Questions
What was Phreesia's revenue in the first quarter fiscal 2026?
Phreesia (PHR) reported revenue of $116M for the first quarter fiscal 2026 (Q1 FY26), +15% from a year earlier and +6% from the quarter before.
Was Phreesia profitable in the first quarter fiscal 2026?
Operating loss was $3.3M (-2.8% of revenue) and net loss $3.9M.
Source: Phreesia 10-Q on SEC EDGAR.