Phreesia 2026 Q2 Earnings Record Net Income Surge of 103.6%

Phreesia (PHR) reported its fiscal 2026 Q2 earnings on Sep 05th, 2025, marking a significant turnaround in profitability. The company delivered results that exceeded expectations, with net income swinging from a loss of $18.01 million to a profit of $654,000, a 103.6% positive swing. Phreesia also raised its adjusted EBITDA guidance, indicating strong confidence in future performance. The company’s strategic moves and operational discipline appear to be paying off.

Revenue
Phreesia’s total revenue for Q2 2026 reached $117.25 million, reflecting a 14.8% year-over-year increase from $102.11 million in Q2 2025. The company’s diverse revenue streams contributed to this growth, with subscription and related services leading the charge at $53.70 million. Payment processing fees added $28.39 million, while network solutions generated $35.16 million. This broad-based performance across segments highlights Phreesia’s resilient business model and its ability to adapt to evolving market conditions.

Earnings/Net Income
Phreesia returned to profitability with an EPS of $0.01 in Q2 2026, reversing a $0.31 per share loss in the same period last year—a 103.2% positive swing. The company reported a net income of $654,000, a stark contrast to the $18.01 million net loss in Q2 2025. This remarkable turnaround underscores Phreesia’s effective cost management and strategic focus on capital stewardship. The performance is a positive signal for investors, showcasing the company’s ability to turn around after years of losses.

Price Action
Despite the strong earnings, Phreesia’s stock price edged down 2.97% during the latest trading day, and declined 13.58% for the week. However, the stock has managed a 3.80% gain month-to-date, indicating some investor confidence in the company’s long-term prospects.

Post-Earnings Price Action Review
Phreesia’s CEO, Chaim Indig, highlighted the company’s achievement of its first-ever net income, crediting the team’s commitment to capital stewardship and Phreesia’s unique business model. Indig emphasized the strategic acquisition of AccessOne, which is expected to expand the company’s addressable market by $6 billion. He also noted the rapid adoption of Phreesia’s VoiceAI product, which is generating significant value for healthcare providers. With key leadership promotions, including Evan Roberts and David Linetsky, Indig expressed confidence in the company’s ability to continue driving growth through innovation and strategic acquisitions.

Guidance
Phreesia maintains its fiscal 2026 revenue guidance of $472 million to $482 million, and has updated its adjusted EBITDA guidance to a range of $87 million to $92 million, reflecting improved performance and strategic momentum. The company expects to revise its guidance post-closure of the AccessOne acquisition, which is projected to add $35 million in annualized revenue and $11 million in adjusted EBITDA. Indig reiterated Phreesia’s vision to expand its addressable market to $24 billion, with continued focus on driving operating and free cash flow positivity.

Additional News
Recent developments include President Bola Tinubu’s upcoming diplomatic trip to Japan and Brazil, with a stopover in Dubai. On the corporate front, no significant M&A or executive changes directly affecting Phreesia were noted in the three weeks prior to the earnings report. However, broader market activity includes a call by Nigerian petroleum marketers for the complete removal of fuel subsidies, which could influence the economic landscape in which Phreesia operates.