Healthcare Tech Firm Phreesia Stuns Market with First-Ever Quarterly Profit

In a landmark achievement for the healthcare technology sector, Phreesia has reported its first quarterly profit, significantly surpassing analyst expectations. This unexpected milestone, combined with strategic expansion efforts, is being viewed as a potential catalyst for a major shift in the company’s financial trajectory.

For Q2 2026, Phreesia announced revenue of $117.3 million, representing a solid 15% year-over-year increase and exceeding market forecasts. The true headline, however, was the company’s swing to profitability. Phreesia posted earnings of $0.01 per share, a dramatic reversal from the anticipated loss of $0.07 per share. The turnaround was even more pronounced in adjusted EBITDA, which surged to $22.1 million from $6.5 million—more than a threefold increase. These robust figures point to substantial operational efficiencies and prompted management to reaffirm its positive... Read more...