PHRNYSEServices-Business Services, NECFiscal year ends January 31
Phreesia, Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 3, 2026
$11.28+0.34 (+3.11%)
Close on Oct 19, 2026
- Market cap
- $704.59M
- P/E (TTM)
- 66.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2026
Gross margin
85.2%+0.9 pts over 5 years
Operating margin
-1.4%+15.9 pts over 5 years
Net margin
0.5%+18.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.5% | +19.6% | +26.4% | – | |
| Gross profit | +15.7% | +22.6% | +26.7% | – | |
| Free cash flow | +186.0% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | -14.9% | 0.8% | |
| Return on assets | – | -11.2% | 0.4% | |
| Current ratio | – | 4.95 | 1.53 | |
| Debt to equity | – | 0.04 | 0.30 | |
| Net debt to EBITDA | – | 21.25× | 1.06× | |
| Interest coverage | – | -15.1× | -1.0× | |
| Capex to revenue | – | 7.6% | 2.3% | |
| Diluted shares | – | 40M | 61M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Phreesia generated $308.41M from operations and spent $48.77M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$308.41M
Used
$48.77M
Capital expenditure$48.77M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.5%
×Asset turnover0.91×
×Equity multiplier1.75×
=Return on equity, FY20260.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 0.5% | 0.91× | 1.75× | 0.8% |
| FY2025 | -13.9% | 1.11× | 1.47× | -22.7% |
| FY2024 | -38.4% | 0.96× | 1.37× | -50.8% |
| FY2023 | -62.7% | 0.65× | 1.23× | -50.0% |
| FY2022 | -55.4% | 0.52× | 1.21× | -34.7% |
| FY2021 | -18.4% | 0.61× | 1.33× | -14.9% |
| FY2020 | -16.3% | 1.14× | -2.00× | 37.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.31M
- Cash generatingOperating cash flow above zero$78.81M
- Return on assets improvedROA up on the prior year-15.8% → 0.6%
- Earnings backed by cashOperating cash flow above net income$78.81M vs $2.31M
- Less leverageLong-term debt to assets fell2.1% → 13.9%
- Better liquidityCurrent ratio rose1.78 → 1.53
- No dilutionShare count did not rise58M → 61M
- Gross margin improvedGross margin up on the prior year84.22% → 85.15%
- More efficientAsset turnover rose1.13 → 1.24