Q1 2026 Phreesia Inc Earnings Call Transcript
Key Points
- Phreesia Inc (PHR) reported a 15% year-over-year increase in revenue, reaching $115.9 million for the first quarter of fiscal 2026.
- The company achieved a 16.7% year-over-year increase in adjusted EBITDA, with a margin of 18%.
- Phreesia Inc (PHR) maintained positive operating cash flow and free cash flow for the fourth consecutive quarter, with operating cash flow at $14.9 million.
- The company ended the quarter with $90.9 million in cash and cash equivalents, up from $84.2 million in the prior quarter.
- Phreesia Inc (PHR) is integrating AI across its organization and products, positioning itself for continued growth through product-led strategies.
- The company faces a competitive market environment, particularly in the provider market, which remains challenging.
- There is potential uncertainty in the provider market due to macroeconomic factors, although Phreesia Inc (PHR) has shown resilience.
- The company acknowledges the risk of fluctuations in quarter-to-quarter financial performance due to timing of invoicing and payments.
- Phreesia Inc (PHR) has experienced challenges with past acquisitions, such as the setback with the OnCall acquisition.
- The company is cautious about potential legislative changes, such as the No Handouts for Drug Advertisements Act, which could impact its business model.
Good morning, ladies and gentlemen, and welcome to the Phreesia first-quarter fiscal 2026 earnings conference call. At this time, all participants are in a listen-only mode. We will provide instructions for the question-and-answer sessions to follow. First, I would like to introduce Balaji Gandhi, Phreesia's Chief Financial Officer. Mr. Gandhi, you may begin.
Thank you, operator. Good morning and welcome to Phreesia's earnings conference call for the first quarter of fiscal 2026, which ended on April 30, 2025. Joining me on today's call is Chaim Indig, our Chief Executive Officer. A more complete discussion of our results can be found in our earnings press release and in our related Form 8-K submission to the SEC, including our quarterly stakeholder letter, both issued before the markets opened today. These documents are available on the Investor Relations section of our website at ir.phreesia.com. As a reminder, today's call is being recorded, and a replay will be available on our Investor Relations
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