Phreesia reported fiscal second-quarter 2027 revenue of $129.5 million, up 10% year over year. The average number of healthcare services clients increased 6% to 4,744, while revenue per client increased 4% to $27,289.
Net income increased to $1.9 million from $0.7 million, while adjusted EBITDA rose to $32.9 million from $22.1 million. Operating cash flow increased to $18.3 million and free cash flow reached $13.8 million.
Positive cash generation and available cash enabled Phreesia to reduce debt principal by more than $23 million during the quarter. The company ended July with $74.6 million in cash, cash equivalents and restricted cash.
Phreesia maintained its fiscal 2027 revenue outlook of $510 million to $520 million and adjusted EBITDA outlook of $125 million to $135 million. The revenue forecast assumes approximately $37 million of contribution from AccessOne.
KEY QUOTE:
“Phreesia delivered a solid fiscal second quarter, with revenue growth and profitability expansion in line with our expectations. We generated positive operating and free cash flow again this quarter, which together with available cash allowed us to reduce debt principal by over $23 million while maintaining a healthy cash balance. We remain enthusiastic about two products that we believe will drive future growth, AccessOne and ProviderConnect, as well as the impact that our artificial intelligence (AI) investments are beginning to have on many aspects of our products and broader organization.”
Chaim Indig, CEO and Co-Founder of Phreesia
