What is Phreesia's R&D?

Phreesia (PHR) reported R&D of $28.33M in Q1 2026.

How has Phreesia's R&D changed year-over-year?

Phreesia's R&D decreased by 11.0% year-over-year, from $31.83M to $28.33M.

What is the long-term trend for Phreesia's R&D?

Over 4 years (2022 to 2026), Phreesia's R&D has grown at a 23.5% compound annual growth rate (CAGR), from $52.27M to $121.48M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Phreesia PHR R&D

R&D at other companies

Veeva SystemsVEEV

$208.32M+13.2%

Talkspace, Inc.TALK

$2.66M-6.2%

iRadimedIRMD

$956K+53.2%

AgilysysAGYS

$18.54M+12.0%

Butterfly NetworkBFLY

$9.54M-3.9%

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:ResearchAndDevelopmentExpense.

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 R&D?: Phreesia (PHR) reported R&D of $28.33M in Q1 2026.
How has Phreesia's R&D changed year-over-year?: Phreesia's R&D decreased by 11.0% year-over-year, from $31.83M to $28.33M.
What is the long-term trend for Phreesia's R&D?: Over 4 years (2022 to 2026), Phreesia's R&D has grown at a 23.5% compound annual growth rate (CAGR), from $52.27M to $121.48M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.