Phreesia announced their financial results for the fiscal second quarter ended July 31, 2025, showcasing significant growth in revenue and net income.
The company reported total revenue of $117.3 million, up 15% year-over-year, and achieved its first-ever net income positive quarter.
In addition to strong financial performance, Phreesia revealed plans to acquire AccessOne, a leader in healthcare receivables financing solutions.
Strong Financial Performance
Phreesia is set to acquire AccessOne, which will expand their payment solutions and enhance their product portfolio in the healthcare sector.
AccessOne Acquisition
The acquisition of AccessOne will bolster Phreesia's position in the healthcare industry by offering enhanced payment solutions for healthcare providers.
Adjusted EBITDA Growth
Adjusted EBITDA surged to $22.1 million in the quarter, marking a significant improvement over the previous year.
- The acquisition of AccessOne is expected to bolster Phreesia's position in the healthcare industry by offering enhanced payment solutions for healthcare providers.
- Phreesia's financial outlook for fiscal 2026 remains positive, with expectations of continued revenue growth and improved Adjusted EBITDA, showcasing the company's growth trajectory.
Phreesia's strong financial performance, strategic acquisition of AccessOne, and positive outlook for fiscal 2026 underscore the company's growth and expansion in the healthcare sector.