Phreesia Q2 FY27 net income rises to $1.9 million; revenue increases 10% to $129.5 million
PHR•Q2 FY2027 revenue and profit growth
Phreesia posted Q2 FY2027 revenue of $129.5 million, up 10% year-over-year; net income rose to $1.9 million.
Adjusted EBITDA climbed to $32.9 million; operating and free cash flow stayed positive, with operating cash flow of $18.3 million.
Revenue mix, client growth and balance sheet
Payment solutions revenue grew 36%, largely driven by AccessOne; network solutions revenue increased 9% while subscription and related services revenue fell 2%.
Average Healthcare Services Clients rose to 4,744, up 6% year-over-year; total revenue per client increased 4% to $27,289.
Free cash flow totaled $13.8 million; long-term debt principal was cut by $23.5 million to $60.7 million, with cash and restricted cash of $74.6 million.
