Phreesia (PHR) Gross Margin (2018 - 2026)
Phreesia recorded quarterly Gross Margin of 103.32% in Q1 2026, up 29.26% quarter-over-quarter from 79.93% in Q4 2025, and up 6843.0% year-over-year from 1.49% in Q1 2025.
Phreesia's Gross Margin history runs 9 years deep, the most recent figure standing at 103.32% for Q1 2026.
- In Q1 2026, Gross Margin rose 6843.0% year-over-year to 103.32%; the TTM figure through Jan 2026 stood at 86.81% (up 2289.0% YoY), while the FY2026 annual figure was 85.15%, up 1400.0% from the prior year.
- Gross Margin came in at 103.32% for Q1 2026 at Phreesia, up from 79.93% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 103.32% in Q1 2026 to a low of 40.29% in Q1 2023.
- A 5-year average of 60.8% and a median of 70.44% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 7616 bps in 2023 and soared 12330 bps in 2024, its largest moves.
- Phreesia's Gross Margin stood at 49.89% in 2022, then jumped by 66 bps to 83.05% in 2023, then climbed by 0 bps to 83.28% in 2024, then declined by 4 bps to 79.93% in 2025, then climbed by 29 bps to 103.32% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 103.32%, 79.93%, and 85.16% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Phreesia | 632.62 Mn | 558.79 Mn | 113.28 Mn | 86.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 86.51% |
| Jan 31, 2026 | 103.32% |
| Oct 31, 2025 | 79.93% |
| Jul 31, 2025 | 85.16% |
| Apr 30, 2025 | 77.54% |
| Jan 31, 2025 | 34.89% |
| Oct 31, 2024 | 83.28% |
| Jul 31, 2024 | 70.44% |
| Apr 30, 2024 | 68.37% |
| Jan 31, 2024 | 83.01% |
| Oct 31, 2023 | 83.05% |
| Jul 31, 2023 | 56.61% |
| Apr 30, 2023 | 82.22% |
| Jan 31, 2023 | -40.29% |
| Oct 31, 2022 | 49.89% |
| Jul 31, 2022 | 43.51% |
| Apr 30, 2022 | 36.81% |
| Jan 31, 2022 | 35.87% |
| Oct 31, 2021 | 79.18% |
| Jul 31, 2021 | 56.54% |
| Apr 30, 2021 | 82.33% |
| Jan 31, 2021 | 69.00% |
| Oct 31, 2020 | 83.17% |
| Jul 31, 2020 | 84.94% |
| Apr 30, 2020 | 71.75% |
| Jan 31, 2020 | 87.09% |
| Oct 31, 2019 | 74.58% |
| Jul 31, 2019 | 86.34% |
| Apr 30, 2019 | 85.88% |
| Jan 31, 2019 | 75.85% |
| Oct 31, 2018 | 84.63% |
| Jul 31, 2018 | 73.65% |