What is Phreesia's cash ratio?

Phreesia (PHR) reported cash ratio of 0.4× in Q4 2025.

How has Phreesia's cash ratio changed year-over-year?

Phreesia's cash ratio decreased by 45.5% year-over-year, from 0.7× to 0.4×.

What is the long-term trend for Phreesia's cash ratio?

Over 5 years (2021 to 2026), Phreesia's cash ratio has grown at a -36.7% compound annual growth rate (CAGR), from 4× to 0.4×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Phreesia PHR Cash ratio

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1.1×-0.2×

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0.2×0.0×

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0.6×+0.5×

ExlService HoldingsEXLS

0.6×-0.1×

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0.4×0.0×

Other financials

Income statement

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Revenue$130.9M+12.9%

Gross profit$113.3M+14.1%

Operating income$6.7M+305%

Net income$3.0M+176%

EPS (diluted)$0.05+171%

Balance sheet

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Cash & equivalents$73.8M-12.3%

Total debt$98.3M+242%

Total equity$359.1M+27.3%

Total assets$666.1M+66.4%

Cash flow

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Operating cash flow$23.9M+61.1%

CapEx$4.3M+23.0%

Free cash flow$19.6M+72.9%

Valuation

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Market cap$564.34M-63.8%

P/E61.5×—

P/S1.1×-2.5×

Profitability

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Gross margin85.4%+0.8pp

Operating margin0.7%+0.4pp

Net margin1.9%+1.0pp

FCF margin15.3%+6.9pp

Returns & leverage

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Return on equity2.9%+1.5pp

Debt / equity0.3×+0.2×

Current ratio1.8×-0.2×

Where this comes from

Calculated from Phreesia’s reported figures.

cash and equivalents/total current liabilities=0.4×

Based on the most recent quarter.

The official record: Phreesia’s 10-K, filed March 31, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phreesia's cash ratio?: Phreesia (PHR) reported cash ratio of 0.4× in Q4 2025.
How has Phreesia's cash ratio changed year-over-year?: Phreesia's cash ratio decreased by 45.5% year-over-year, from 0.7× to 0.4×.
What is the long-term trend for Phreesia's cash ratio?: Over 5 years (2021 to 2026), Phreesia's cash ratio has grown at a -36.7% compound annual growth rate (CAGR), from 4× to 0.4×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.