Wed, May 28, 8:03 PM (21 days ago)
### Phreesia, Inc. (PHR) - Q1 2025 Financial Summary **Quarterly Performance:** - **Revenue:** $115.9 million, up 15% YoY. - **Net Loss:** $3.9 million, significantly improved from $19.7 million in Q1 2024. - **Adjusted EBITDA:** $20.8 million, a substantial increase from $4.1 million in Q1 2024. - **Cash Flow:** Positive $14.9 million in operating cash flow, reversing a negative $0.7 million from Q1 2024. - **Free Cash Flow:** Positive $7.5 million, a turnaround from negative $6.2 million in Q1 2024. **Financial Health:** - **Cash Position:** $90.9 million in cash and cash equivalents as of April 30, 2025. - **Liquidity:** Sufficient cash and cash equivalents to meet needs for at least the next 12 months. **Revenue Breakdown:** - **Subscription and Related Services:** $54.4 million, up $7.6 million YoY. - **Payment Processing Fees:** $29.9 million, up $2.9 million YoY. - **Network Solutions:** $31.7 million, up $4.2 million YoY. **Expenses:** - **Cost of Revenue:** $16.6 million, up $0.9 million YoY. - **Payment Processing Expense:** $21.4 million, up $3.1 million YoY. - **Sales and Marketing:** $26.0 million, down $6.0 million YoY. - **Research and Development:** $31.8 million, up $2.9 million YoY. - **General and Administrative:** $16.4 million, down $2.6 million YoY. **Profit Margins:** - **Operating Loss:** $3.3 million, improved from $19.4 million in Q1 2024. - **Net Margin:** -3.4%, improved from -19.5% in Q1 2024. **Cash Flow:** - **Operating Activities:** Positive $14.9 million, reversing a negative $0.7 million from Q1 2024. - **Investing Activities:** Negative $7.4 million, primarily due to capital expenditures. - **Financing Activities:** Negative $0.8 million, primarily principal payments on finance leases. **Future Operations Impact:** - **Growth Strategy:** Continued investment in technology, client relationships, and market expansion. - **Uncertainties:** Competitive landscape, regulatory changes, and economic conditions. **Trends:** - **Revenue Growth:** Driven by new healthcare services clients and expansion of existing clients. - **Cost Management:** Efforts to control expenses while investing in growth areas. **Conclusion:** Phreesia, Inc. showed significant improvement in financial performance in Q1 2025, with notable increases in revenue, adjusted EBITDA, and cash flow. The company's strategic investments and cost management efforts are positioning it for future growth, despite ongoing uncertainties in the competitive and regulatory environment.