Filing Flows › Phreesia (PHR) › Q1 FY27
Phreesia (PHR) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 28, 2026
Phreesia (PHR) reported revenue of $131M for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and +3% from the quarter before. Operating margin was 5.2%, net earnings $3.0M (2.3% of revenue).
Phreesia, Q1 FY27: revenue $131M (+13% year over year), operating margin 5.2%, net earnings $3.0M, operating cash flow $23.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $131M | +3% | +13% |
| Operating profit | $6.7M | — | — |
| Net earnings | $3.0M | +129% | — |
| Operating cash flow | $23.9M | -29% | +61% |
| Free cash flow | $19.6M | -37% | +73% |
What changed
Revenue was $130.9M in Q1 FY27, up 13% year over year and up 3% from the previous quarter. Subscription and related services was the largest line at 40% of revenue. Payment solutions added $12.0M year over year (up 40%), 80% of the total change. Subscription and related services declined 3%.
Operating profit was $6.7M, a 5.2% margin (up 8.0 points year over year). Total costs grew 4% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $3.0M. The effective tax rate was 37.3%.
Operating cash flow was $23.9M (up 61% year over year), 807% of net earnings. Non-cash charges added back $10.0M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $4.3M left free cash flow of $19.6M.
Questions
What was Phreesia's revenue in the first quarter fiscal 2027?
Phreesia (PHR) reported revenue of $131M for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and +3% from the quarter before.
Was Phreesia profitable in the first quarter fiscal 2027?
Operating profit was $6.7M (5.2% of revenue) and net earnings $3.0M.
Source: Phreesia 10-Q on SEC EDGAR.