Phreesia, Inc. (PHR) Stock

Phreesia, Inc. (PHR) is a Technology stock trading at $12.10 (as of 2026-08-21), with a market capitalization of $747.92M and a trailing P/E of 188.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Phreesia, Inc. operates an integrated SaaS platform for healthcare organizations in the United States and Canada, combining patient self-service intake capabilities with an integrated payments offering. The platform is delivered through mobile, web dashboard, self-service tablets, and on-site kiosks to support registration and related patient intake and payment workflows.

Understand Phreesia, Inc.: how it makes money

Phreesia provides integrated SaaS software and payments for healthcare provider patient intake in the United States and Canada, and it earns money from subscription and related services, network solutions, and payment processing fees.

The company’s profit model combines recurring revenue from its SaaS subscription and related services with transaction-linked economics from payments processed through its platform (reflected in take rate and transaction yield), and it depends on continued provider usage and retention over time.

Revenue by segment (latest quarter)
Subscr	$0.1B
Network	$0.0B

Business quality (Mixed): Sufficient business and operating KPI facts, but the provided revenue segment candidates do not sum exactly to the reported total revenue in this dataset, so the segment view is necessarily partial.

Valuation: Trades at 63× trailing earnings · $1B market cap.

Bull case

Payment economics are measurable: In the latest period, the company reported a Take rate of 2.91% and a Payment Processing Transaction Yield of 3.0% (with a Transaction Yield versus Market ratio of 50).
Provider retention for new clients looks strong: The Revenue Retention Rate for New Clients was 95%, and the Client Retention Rate for New Clients was 90%.

Bear case

Revenue mix may be harder to reconcile: The provided segment candidates include Subscription and Related Services Revenue (0.05B) and Network Solutions Revenue (0.04B), but the dataset also lists Payment Processing Fees Revenue (0.03B) that is not included in the segment sum shown here because the candidates do not sum exactly to the reported 0.1B total revenue.
Profitability is modest: Operating margin for the period ended 2026-04-30 was 5.2%, which can limit how much adverse changes in retention or payment economics can be absorbed.

Valuation — source: SEC EDGAR (first-party)
Price	$12.10
Market Cap	$747.92M
P/E Ratio	188.2
EV / EBITDA	18.0
Price / Book	2.08
Price / Sales	1.54
FCF Yield	7.5%
DCF Value (model)	$13.90
DCF Upside vs Price	14.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$480.59M
Net Margin	0.5%
Revenue Growth (YoY)	14.5%
EPS Growth (YoY)	-103.9%
FCF Growth (YoY)	186.0%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.53 (distress)

Valuation vs Sector & Industry
Stock P/E	188.2
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	29.9
vs Sector	455.8%
vs Industry	530.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($97.19M)
Institutional Holders Tracked	10
Congressional Trades (recent)	7

Company
Sector	Technology
Industry	Business Services
CEO	Chaim Indig
Employees	2,082
Country	US
IPO Date	2019-07-18

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.