Filing Flows

Filing Flows › Phreesia (PHR) › How it makes money

How Phreesia (PHR) makes money

Phreesia (PHR) made $129M of revenue in the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier. Subscription and related services brought in $52.7M (41%); Payment solutions brought in $38.5M (30%); Network solutions brought in $38.3M (30%). Of every dollar of revenue, 6¢ was left as operating profit, 1¢ was left as net earnings.

Drawing the Sankey…

Phreesia revenue by segment, Q2 FY27Phreesia revenue by segment, Q2 FY27Subscription and related services$52.7MPayment solutions$38.5MNetwork solutions$38.3M
Phreesia: revenue by line, Q4 FY25 to Q2 FY27Phreesia: revenue by line, Q4 FY25 to Q2 FY27Subscription and rela…Network solutionsPayment processing fe…Payment solutionsSubscription and related services: $52.7M latest$52.7MNetwork solutions: $38.3M latest$38.3MPayment processing fees: $0 latestPayment solutions: $38.5M latest$38.5MQ4 FY25Q1 FY26Q2 FY26Q3 FY26Q1 FY27Q2 FY27
Subscription and related services went from 47% of revenue in Q4 FY25 to 41% in Q2 FY27, the largest shift in the mix.
Phreesia revenue by quarterPhreesia revenue by quarter$110MQ4 FY25$116MQ1 FY26$117MQ2 FY26$120MQ3 FY26$127MQ4 FY26$131MQ1 FY27$129MQ2 FY27
Phreesia: where each dollar of revenue goesPhreesia: where each dollar of revenue goesOperating profit6¢Income tax1¢Net earnings1¢Operating cash flow14¢Free cash flow11¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Subscription and related services$52.7M40.7%0%-2%
Payment solutions$38.5M29.7%-8%+36%
Network solutions$38.3M29.6%+6%+9%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$129M100.0%
Operating profit$7.6M5.9%
Income tax$1.3M1.0%
Net earnings$1.9M1.5%
Operating cash flow$18.3M14.2%
Free cash flow$13.8M10.7%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$129M+10%
Q1 FY27$131M+13%
Q4 FY26$127M+16%
Q3 FY26$120M+13%
Q2 FY26$117M+15%
Q1 FY26$116M+14%
Q4 FY25$110M+15%

From Phreesia's 10-Q filed Sep 3, 2026 (on EDGAR).

Questions

How does Phreesia make money?

Phreesia (PHR) made $129M of revenue in the second quarter fiscal 2027 (Q2 FY27), +10% from a year earlier. Subscription and related services brought in $52.7M (41%); Payment solutions brought in $38.5M (30%); Network solutions brought in $38.3M (30%). Of every dollar of revenue, 6¢ was left as operating profit, 1¢ was left as net earnings.

What is Phreesia's biggest business?

Subscription and related services: $52.7M in the second quarter fiscal 2027, 41% of revenue, -2% from a year earlier.

What is Phreesia's profit margin?

Net earnings were $1.9M, 1.5% of revenue, in the second quarter fiscal 2027; the operating margin was 5.9%.

Open the interactive view →

Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.