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

Phreesia's (PHR) quarterly Research & Development came in at $28.3 million in Q2 2026, down 11.0% year-on-year from $31.8 million in Q2 2025, and down 8.4% quarter-over-quarter from $30.9 million in Q1 2026.

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

Phreesia has disclosed Research & Development across 9 years of filings, most recently posting $28.3 million for Q2 2026.

  • Research & Development for Q2 2026 came in at $28.3 million, down 11.0% year-over-year; the trailing twelve-month figure through Apr 2026 was $118.0 million (down 1.94% YoY), and the FY2026 annual result was $121.5 million, up 3.51% from the prior year.
  • Research & Development came in at $28.3 million for Q2 2026 at Phreesia, down from $30.9 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.
  • The 5-year median for Research & Development is $28.7 million (2023), against an average of $27.1 million.
  • Across the five-year window, Research & Development soared 175.3% in 2022 and slipped 11.0% in 2026, its largest moves.
  • Phreesia's Research & Development stood at $22.7 million in 2022, then grew by 25.92% to $28.5 million in 2023, then advanced by 2.7% to $29.3 million in 2024, then advanced by 0.47% to $29.5 million in 2025, then decreased by 3.82% to $28.3 million in 2026.
  • The last three Research & Development figures came in at $28.3 million (Q2 2026), $30.9 million (Q1 2026), and $29.5 million (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn 208.32 Mn
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn -
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 67.77 Mn
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 30.34 Mn
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn 56.85 Mn
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 39.11 Mn
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 18.37 Mn
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn -
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 21.52 Mn
10 Phreesia 569.84 Mn 493.44 Mn 113.28 Mn 28.33 Mn

Historic Data

Download Data
DateValue
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