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| 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 |