Phreesia (PHR) Research & Development (2018 - 2026)
Phreesia (PHR) posted Research & Development of $24.2 million for Q2 2026, down 21.72% sequentially from $30.9 million in Q1 2026, and down 7.04% YoY from $26.0 million in Q2 2025.
Phreesia (PHR) Research & Development (2018 - 2026) Analysis & Trends
Phreesia has reported Research & Development for 9 years, with the latest figure at $24.2 million in Q2 2026.
- Quarterly Research & Development fell 7.04% year-over-year to $24.2 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $113.9 million (down 4.36% YoY) and the FY2026 annual result came in at $121.5 million, changed 0.29% from the prior year.
- Research & Development eased to $24.2 million in Q2 2026 per PHR's latest filing, from $30.9 million in the prior quarter.
- Over five years, Research & Development peaked at $64.5 million in Q1 2024 and troughed at $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.
- The sharpest annual moves came in 2022 and 2025: Research & Development jumped 485.46% in 2022, then tumbled 48.25% in 2025.
- Over 5 years, Research & Development stood at $36.6 million in 2022, then decreased by 22.08% to $28.5 million in 2023, then advanced by 5.35% to $30.1 million in 2024, then dropped by 2.06% to $29.5 million in 2025, then retreated by 17.8% to $24.2 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $24.2 million, $30.9 million, and $29.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | Phreesia | 758.43 Mn | 682.03 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 |