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| Date | Value |
|---|---|
| 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 |