Phreesia Reports First Net Income Gain
Phreesia (NYSE:PHR) reported second quarter fiscal 2026 results on September 4, 2025, highlighted by its first-ever net income positive quarter and a landmark $160 million cash acquisition of AccessOne. Revenue rose 15% year over year to $117.3 million, adjusted EBITDA reached $22 million with a 19% margin, and free cash flow (non-GAAP) increased by $6 million year over year, while AccessOne will expand Phreesia’s payment solutions total addressable market (TAM) by $6 billion.
AccessOne is expected to add $35 million in annualized revenue and $11 million in annualized adjusted EBITDA, while expanding Phreesia’s payment solutions TAM by $6 billion and positioning the company for broader entry into health system markets. The deal, Phreesia’s largest to date, will be financed with balance sheet cash and a committed bridge loan, and is anticipated to close by early Q4 FY2026.
The acquisition is expected to scale Phreesia’s payments platform following its close. It is also expected to add profitable growth.
Source Fool.com
