Filing Flows › Phreesia (PHR) › Q3 FY26
Phreesia (PHR) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 9, 2025
Phreesia (PHR) reported revenue of $120M for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and +3% from the quarter before. Operating margin was 3.1%, net earnings $4.3M (3.5% of revenue).
Phreesia, Q3 FY26: revenue $120M (+13% year over year), operating margin 3.1%, net earnings $4.3M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $120M | +3% | +13% |
| Operating profit | $3.7M | — | — |
| Net earnings | $4.3M | +553% | — |
| Operating cash flow | $15.5M | +4% | +167% |
| Free cash flow | $12.2M | -7% | +136% |
What changed
Revenue was $120.3M in Q3 FY26, up 13% year over year and up 3% from the previous quarter. Subscription and related services was the largest line at 46% of revenue. Subscription and related services added $6.1M year over year (up 12%), 45% of the total change.
Operating profit was $3.7M, a 3.1% margin (up 16.1 points year over year). Total costs fell 3% while revenue rose 13%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $4.3M. The effective tax rate was 16.7%. Non-operating items added $1.4M, 27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $15.5M (up 167% year over year), 362% of net earnings. Non-cash charges added back $7.5M of depreciation and amortization and $16.0M of share-based compensation. Working capital and other items used $12.2M. Capital expenditures of $3.3M left free cash flow of $12.2M.
Questions
What was Phreesia's revenue in the third quarter fiscal 2026?
Phreesia (PHR) reported revenue of $120M for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and +3% from the quarter before.
Was Phreesia profitable in the third quarter fiscal 2026?
Operating profit was $3.7M (3.1% of revenue) and net earnings $4.3M.
Source: Phreesia 10-Q on SEC EDGAR.