Phreesia (PHR) Research & Development (2018 - 2026)

Phreesia (PHR) reported Research & Development of $24.2 million for Q2 2026, down 7.04% on a YoY basis from $26.0 million in Q2 2025, and down 21.72% sequentially from $30.9 million in Q1 2026.

Phreesia (PHR) Research & Development (2018 - 2026) Analysis & Trends

Phreesia (PHR) has 9 years of Research & Development data on file, last reported at $24.2 million in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development fell 7.04% year-over-year to $24.2 million; the trailing twelve-month figure through Apr 2026 stood at $113.9 million (down 4.36% YoY), and the FY2026 full-year result was $121.5 million, changed 0.29% from the prior year.
  • Research & Development eased to $24.2 million in Q2 2026, from $30.9 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $64.5 million in Q1 2024 to a low of $24.2 million in Q2 2026.
  • A 5-year average of $33.9 million and a median of $31.5 million in 2024 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development surged 485.46% in 2022 and sank 48.25% in 2025, its largest moves.
  • Tracing PHR's Research & Development over 5 years: stood at $36.6 million in 2022, then declined by 22.08% to $28.5 million in 2023, then increased by 5.35% to $30.1 million in 2024, then retreated by 2.06% to $29.5 million in 2025, then dropped by 17.8% to $24.2 million in 2026.
  • Business Quant data shows PHR's Research & Development at $24.2 million in Q2 2026, $30.9 million in Q1 2026, and $29.5 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 208.32 Mn
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn -
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 26.83 Mn
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn 56.85 Mn
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 30.34 Mn
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn 99.00 Mn
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 45.83 Mn
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 39.11 Mn
9 Privia Health 3.10 Bn 2.73 Bn - 8.13 Mn
10 Phreesia 598.48 Mn 522.08 Mn 113.28 Mn 24.21 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 24.21 Mn
Jan 31, 2026 30.93 Mn
Oct 31, 2025 29.45 Mn
Jul 31, 2025 29.27 Mn
Apr 30, 2025 26.04 Mn
Jan 31, 2025 33.39 Mn
Oct 31, 2024 30.07 Mn
Jul 31, 2024 29.54 Mn
Apr 30, 2024 32.01 Mn
Jan 31, 2024 64.52 Mn
Oct 31, 2023 28.54 Mn
Jul 31, 2023 37.24 Mn
Apr 30, 2023 37.41 Mn
Jan 31, 2023 25.40 Mn
Oct 31, 2022 36.63 Mn
Jul 31, 2022 38.34 Mn
Apr 30, 2022 40.03 Mn
Jan 31, 2022 37.21 Mn
Oct 31, 2021 32.04 Mn
Jul 31, 2021 22.17 Mn