Phreesia (PHR) Research & Development (2018 - 2026)
Phreesia's (PHR) quarterly Research & Development came in at $27.6 million in Q3 2026, down 5.82% year-over-year from $29.3 million in Q3 2025, and down 2.67% quarter-over-quarter from $28.3 million in Q2 2026.
Analysis
Phreesia (PHR) Research & Development (2018 - 2026) Analysis & Trends
Phreesia has disclosed Research & Development across 9 years of filings, most recently posting $27.6 million for Q3 2026.
- In Q3 2026, Research & Development fell 5.82% year-over-year to $27.6 million; the TTM figure through Jul 2026 stood at $116.3 million (down 3.13% YoY), while the FY2026 annual figure was $121.5 million, changed 0.29% from the prior year.
- Research & Development came in at $27.6 million for Q3 2026 at Phreesia, down from $28.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $40.0 million in Q2 2022 to a low of $27.6 million in Q3 2026.
- Average Research & Development over 5 years is $33.4 million, with a median of $32.0 million recorded in 2024.
- Year-over-year, Research & Development soared 187.11% in 2022 and slipped 19.54% in 2025.
- Over 5 years, Research & Development stood at $36.6 million in 2022, then fell by 0.42% to $36.5 million in 2023, then retreated by 17.56% to $30.1 million in 2024, then decreased by 2.06% to $29.5 million in 2025, then decreased by 6.39% to $27.6 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $27.6 million in Q3 2026, $28.3 million in Q2 2026, and $30.9 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 222.92 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 50.38 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 45.05 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 52.99 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 33.72 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 41.00 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 14.98 Mn |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 81.99 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 13.58 Mn |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 27.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 27.57 Mn |
| Apr 30, 2026 | 28.33 Mn |
| Jan 31, 2026 | 30.93 Mn |
| Oct 31, 2025 | 29.45 Mn |
| Jul 31, 2025 | 29.27 Mn |
| Apr 30, 2025 | 31.83 Mn |
| Jan 31, 2025 | 28.86 Mn |
| Oct 31, 2024 | 30.07 Mn |
| Jul 31, 2024 | 30.18 Mn |
| Apr 30, 2024 | 32.01 Mn |
| Jan 31, 2024 | 35.87 Mn |
| Oct 31, 2023 | 36.48 Mn |
| Jul 31, 2023 | 37.24 Mn |
| Apr 30, 2023 | 37.41 Mn |
| Jan 31, 2023 | 36.26 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 |