**Phreesia, Inc. Reports Fiscal Year 2026 Results, Driven by Revenue Growth and Strategic Acquisition**
Phreesia, Inc., a company specializing in integrated software, payments, and engagement platforms for the healthcare industry, announced its financial results for the fiscal year ended January 31, 2026. The company reported total revenue of $480.6 million, a 14% increase compared to the $419.8 million reported in the previous fiscal year. This growth was attributed to strong performance across all three of its revenue streams: subscription and related services, payment solutions, and network solutions. Notably, the company achieved net income of $2.3 million, a significant turnaround from the net loss of $58.5 million in fiscal year 2025.
The company's subscription and related services revenue reached $219.5 million, up 12% from $196.5 million in the prior year, driven by new client acquisitions and expansion within existing accounts. Payment solutions revenue increased by 19% to $121.5 million, compared to $101.7 million in fiscal year 2025, fueled by higher patient payment volumes and the recent acquisition of AccessOne. Network solutions revenue also saw growth, rising 15% to $139.7 million from $121.6 million, reflecting increased engagement and deeper patient outreach. The average number of healthcare services clients (AHSCs) increased by 7% to 4,514, while total revenue per AHSC grew by 7% to $106,467.
Operationally, Phreesia completed the acquisition of AccessOne Parent Holdings, Inc. in fiscal year 2026, expanding its payment solutions offerings. The company's platform facilitated approximately 180 million patient visits, representing approximately one in six ambulatory patient visits in the United States. The company also continued to integrate artificial intelligence (AI) into its solutions to support automation, personalization, and operational efficiency. As of January 31, 2026, Phreesia had 1,789 full-time employees, with 756 in the United States and 1,033 internationally.
Looking ahead, Phreesia faces a competitive and evolving healthcare technology market, including competition from electronic health record (EHR) and practice management (PM) systems. The company also acknowledges risks related to data privacy, cybersecurity incidents, and healthcare regulations. Phreesia's future performance will depend on its ability to manage growth effectively, maintain positive net income, and comply with complex and changing laws and regulations. The company's success also relies on the growth and success of its clients and certain revenues from its engagements, which is difficult to predict and is subject to factors outside of its control.
About Phreesia, Inc.
Phreesia, Inc. provides healthcare organizations with SaaS solutions that streamline patient intake, registration, payments, and communication. Its integrated platform enhances operational efficiency, patient engagement, and health outcomes across various medical specialties. Serving healthcare providers, life sciences companies, and government entities, it offers tools for appointment management, clinical assessments, and targeted patient education, supporting improved care delivery and revenue cycle management.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.