Phreesia (PHR) Research & Development (2018 - 2026)
Phreesia recorded quarterly Research & Development of $30.9 million in Q1 2026, up 5.0% quarter-over-quarter from $29.5 million in Q4 2025, and up 4.38% year-over-year from $29.6 million in Q1 2025.
Phreesia's Research & Development history runs 9 years deep, the most recent figure standing at $30.9 million for Q1 2026.
- In Q1 2026, Research & Development rose 4.38% year-over-year to $30.9 million; the TTM figure through Jan 2026 stood at $121.5 million (up 3.51% YoY), while the FY2026 annual figure was $121.5 million, up 3.51% from the prior year.
- Research & Development came in at $30.9 million for Q1 2026 at Phreesia, up from $29.5 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $31.8 million in Q2 2025 to a low of $17.5 million in Q1 2022.
- A 5-year average of $27.1 million and a median of $28.9 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 175.3% in 2022 and declined 0.91% in 2025, its largest moves.
- Phreesia's Research & Development stood at $22.7 million in 2022, then increased by 25.92% to $28.5 million in 2023, then climbed by 2.7% to $29.3 million in 2024, then climbed by 0.47% to $29.5 million in 2025, then climbed by 5.0% to $30.9 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $30.9 million, $29.5 million, and $29.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 198.79 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 30.34 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 39.11 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 18.37 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 56.85 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 21.52 Mn |
| 10 | Phreesia | 632.62 Mn | 558.79 Mn | 113.28 Mn | 28.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 29.63 Mn |
| Oct 31, 2024 | 29.32 Mn |
| Jul 31, 2024 | 29.54 Mn |
| Apr 30, 2024 | 28.88 Mn |
| Jan 31, 2024 | 29.86 Mn |
| Oct 31, 2023 | 28.54 Mn |
| Jul 31, 2023 | 27.47 Mn |
| Apr 30, 2023 | 26.47 Mn |
| Jan 31, 2023 | 25.40 Mn |
| Oct 31, 2022 | 22.67 Mn |
| Jul 31, 2022 | 22.54 Mn |
| Apr 30, 2022 | 20.64 Mn |
| Jan 31, 2022 | 17.50 Mn |
| Oct 31, 2021 | 15.27 Mn |
| Jul 31, 2021 | 11.44 Mn |
| Apr 30, 2021 | 8.05 Mn |
| Jan 31, 2021 | 6.36 Mn |
| Oct 31, 2020 | 5.73 Mn |
| Jul 31, 2020 | 5.53 Mn |
| Apr 30, 2020 | 5.01 Mn |
| Jan 31, 2020 | 4.86 Mn |
| Oct 31, 2019 | 4.77 Mn |
| Jul 31, 2019 | 4.69 Mn |
| Apr 30, 2019 | 4.30 Mn |
| Jan 31, 2019 | 4.21 Mn |
| Oct 31, 2018 | 3.86 Mn |
| Jul 31, 2018 | 3.18 Mn |