What is Phreesia's current ratio?

Phreesia (PHR) reported current ratio of 1.8× in Q1 2026.

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

Phreesia's current ratio decreased by 9.7% year-over-year, from 1.9× to 1.8×.

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

Over 5 years (2021 to 2026), Phreesia's current ratio has grown at a -21.0% compound annual growth rate (CAGR), from 5× to 1.5×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Phreesia PHR Current ratio

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4.7×+0.1×

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1.3×+0.3×

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2×+0.1×

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1.7×0.0×

ExlService HoldingsEXLS

2.7×-0.7×

Evolent Health, Inc.EVH

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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×

Where this comes from

Calculated from Phreesia’s reported figures.

total current assets/total current liabilities=1.8×

Based on the most recent quarter.

The official record: Phreesia’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phreesia's current ratio?: Phreesia (PHR) reported current ratio of 1.8× in Q1 2026.
How has Phreesia's current ratio changed year-over-year?: Phreesia's current ratio decreased by 9.7% year-over-year, from 1.9× to 1.8×.
What is the long-term trend for Phreesia's current ratio?: Over 5 years (2021 to 2026), Phreesia's current ratio has grown at a -21.0% compound annual growth rate (CAGR), from 5× to 1.5×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.