Filing Flows › Phreesia (PHR) › Q2 FY27
Phreesia (PHR) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 3, 2026
Phreesia (PHR) reported revenue of $129M for the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier and -1% from the quarter before. Operating margin was 5.9%, net earnings $1.9M (1.5% of revenue).
Phreesia, Q2 FY27: revenue $129M (+10% year over year), operating margin 5.9%, net earnings $1.9M, operating cash flow $18.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | -1% | +10% |
| Operating profit | $7.6M | +13% | — |
| Net earnings | $1.9M | -35% | +193% |
| Operating cash flow | $18.3M | -23% | +24% |
| Free cash flow | $13.8M | — | +44% |
What changed
Revenue was $129.5M in Q2 FY27, up 10% year over year and down 1% from the previous quarter. Subscription and related services was the largest line at 41% of revenue. Payment solutions added $10.1M year over year (up 36%), 83% of the total change. Subscription and related services declined 2%.
Operating profit was $7.6M, a 5.9% margin (up 7.2 points year over year). Total costs grew 3% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $1.9M, up 193% year over year. The effective tax rate was 40.8%.
Operating cash flow was $18.3M (up 24% year over year), 956% of net earnings. Non-cash charges added back $10.0M of depreciation and amortization and $11.9M of share-based compensation. Working capital and other items used $5.5M. After capitalized internal-use software development costs ($4.0M) and purchases of property and equipment ($492K), free cash flow as the company reports it was $13.8M.
Questions
What was Phreesia's revenue in the second quarter fiscal 2027?
Phreesia (PHR) reported revenue of $129M for the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier and -1% from the quarter before.
Was Phreesia profitable in the second quarter fiscal 2027?
Operating profit was $7.6M (5.9% of revenue) and net earnings $1.9M.
Source: Phreesia 10-Q on SEC EDGAR.