What is Phreesia's deferred revenue?

Phreesia (PHR) reported deferred revenue of $39.56M in Q1 2026.

How has Phreesia's deferred revenue changed year-over-year?

Phreesia's deferred revenue increased by 27.0% year-over-year, from $31.15M to $39.56M.

What is the long-term trend for Phreesia's deferred revenue?

Over 5 years (2021 to 2026), Phreesia's deferred revenue has grown at a 35.5% compound annual growth rate (CAGR), from $10.84M to $49.52M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Phreesia PHR Deferred Revenue

Deferred Revenue at other companies

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$1.48B+18.5%

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$22.91M+13.7%

Evolent Health, Inc.EVH

$1.42M-71.8%

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$2.98M-22.5%

iRadimedIRMD

$3.4M+30.7%

LegalZoom.com, Inc.LZ

$223.24M+5.8%

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

Reported directly by Phreesia in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Phreesia (PHR) reported deferred revenue of $39.56M in Q1 2026.
How has Phreesia's deferred revenue changed year-over-year?: Phreesia's deferred revenue increased by 27.0% year-over-year, from $31.15M to $39.56M.
What is the long-term trend for Phreesia's deferred revenue?: Over 5 years (2021 to 2026), Phreesia's deferred revenue has grown at a 35.5% compound annual growth rate (CAGR), from $10.84M to $49.52M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.