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Phreesia vs Repay Holdings: PHR and RPAY compared
Phreesia is the larger company: $129M of revenue in its latest quarter (Q2 FY27) against $101M for Repay Holdings (Q2 2026). Repay Holdings is growing faster (+33% against +10% a year earlier). Phreesia is more profitable, with an operating margin of 5.9% against -3.2%.
Where the money goes: PHR and RPAY
Phreesia (PHR) · Q2 FY27
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.
Repay Holdings (RPAY) · Q2 2026
Repay Holdings, Q2 2026: revenue $101M (+33% year over year), operating margin -3.2%, net loss $11.5M, operating cash flow $40.2M. The chart follows the revenue to costs, profit and cash.
| Phreesia (PHR) | Repay Holdings (RPAY) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 2026 |
| Revenue | $129M | $101M |
| Revenue growth, Y/Y | +10% | +33% |
| Operating margin | 5.9% | -3.2% |
| Net earnings | $1.9M | −$11.5M |
| Net margin | 1.5% | -11.4% |
| Operating cash flow | $18.3M | $40.2M |
| Free cash flow | $13.8M | $27.4M |
Where the revenue comes from
Phreesia
- Subscription and related services: $52.7M (41%)
- Payment solutions: $38.5M (30%)
- Network solutions: $38.3M (30%)
Questions
Which is bigger, Phreesia or Repay Holdings?
Phreesia is the larger company: $129M of revenue in its latest quarter (Q2 FY27) against $101M for Repay Holdings (Q2 2026).
Is Phreesia or Repay Holdings growing faster?
Repay Holdings is growing faster (+33% against +10% a year earlier).
Which is more profitable, Phreesia or Repay Holdings?
Phreesia is more profitable, with an operating margin of 5.9% against -3.2%.
More: Phreesia earnings · how Phreesia makes money · Repay Holdings earnings · how Repay Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 3, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.