Phreesia Reports Mixed Q2 Results, Shares Drop Over 6%
Phreesia (NYSE: PHR) experienced a significant drop in its stock price on Thursday following the release of mixed second-quarter fiscal 2027 results. The company reported revenue of $129.5 million, up 10% year-over-year and slightly above analyst expectations. However, GAAP net income rose to $1.9 million or $0.03 per share, falling short of the consensus estimate of $0.09 per share. Phreesia maintained its full-year revenue guidance between $510 million and $520 million but did not exceed expectations in terms of profitability. The company highlighted two new products—AccessOne financing solution and ProviderConnect digital marketing platform—as key growth drivers, though they are still early-stage offerings. Additionally, Phreesia is undergoing a restructuring process expected to last through the fiscal year. The stock closed down more than 6% on Thursday as investors reacted negatively to underwhelming earnings per share performance despite revenue growth.
