Growth Metrics

Phreesia (PHR) Operating Expenses (2018 - 2026)

Phreesia recorded quarterly Operating Expenses of $132.6 million in Q1 2026, up 13.75% quarter-over-quarter from $116.6 million in Q4 2025, and up 13.07% year-over-year from $117.3 million in Q1 2025.

Phreesia's Operating Expenses history runs 9 years deep, the most recent figure standing at $132.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 13.07% year-over-year to $132.6 million; the TTM figure through Jan 2026 stood at $487.2 million (up 1.94% YoY), while the FY2026 annual figure was $487.2 million, up 1.94% from the prior year.
  • Operating Expenses came in at $132.6 million for Q1 2026 at Phreesia, up from $116.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $132.6 million in Q1 2026 to a low of $104.6 million in Q1 2022.
  • A 5-year average of $118.8 million and a median of $119.2 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 108.9% in 2022 and dropped 5.85% in 2025, its largest moves.
  • Phreesia's Operating Expenses stood at $112.9 million in 2022, then increased by 9.52% to $123.7 million in 2023, then fell by 2.44% to $120.6 million in 2024, then dropped by 3.36% to $116.6 million in 2025, then advanced by 13.75% to $132.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $132.6 million, $116.6 million, and $118.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 376.60 Mn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 122.16 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 101.14 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 233.41 Mn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 123.22 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 596.43 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 123.51 Mn
10 Phreesia 632.62 Mn 558.79 Mn 113.28 Mn 124.19 Mn

Historic Data

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DateValue
Apr 30, 2026 124.19 Mn
Jan 31, 2026 132.62 Mn
Oct 31, 2025 116.59 Mn
Jul 31, 2025 118.76 Mn
Apr 30, 2025 119.22 Mn
Jan 31, 2025 117.29 Mn
Oct 31, 2024 120.64 Mn
Jul 31, 2024 119.34 Mn
Apr 30, 2024 120.64 Mn
Jan 31, 2024 124.58 Mn
Oct 31, 2023 123.66 Mn
Jul 31, 2023 122.79 Mn
Apr 30, 2023 121.75 Mn
Jan 31, 2023 116.40 Mn
Oct 31, 2022 112.91 Mn
Jul 31, 2022 114.20 Mn
Apr 30, 2022 113.95 Mn
Jan 31, 2022 104.64 Mn
Oct 31, 2021 91.66 Mn
Jul 31, 2021 74.82 Mn
Apr 30, 2021 58.94 Mn
Jan 31, 2021 50.09 Mn
Oct 31, 2020 44.58 Mn
Jul 31, 2020 41.32 Mn
Apr 30, 2020 38.36 Mn
Jan 31, 2020 37.49 Mn
Oct 31, 2019 35.07 Mn
Jul 31, 2019 34.96 Mn
Apr 30, 2019 32.56 Mn
Jan 31, 2019 29.78 Mn
Oct 31, 2018 27.79 Mn
Jul 31, 2018 26.03 Mn