Core Insights - Phreesia, Inc. reported strong financial results for the fiscal third quarter ended October 31, 2025, with significant improvements in revenue and profitability [1][6]. Financial Performance - Total revenue for the quarter was $120.3 million, representing a 13% increase year-over-year [6]. - The average number of healthcare services clients (AHSCs) was 4,520, up 7% year-over-year [6]. - Total revenue per AHSC was $26,622, an increase of 6% year-over-year [6]. - Net income for the quarter was $4.3 million, compared to a net loss of $14.4 million in the same period last year [6]. - Adjusted EBITDA was $29.1 million, compared to $9.8 million in the prior year [6]. - Net cash provided by operating activities was $15.5 million, up from $5.8 million in the same period last year [6]. - Free cash flow was $8.8 million, compared to $1.6 million in the prior year [6]. - Cash and cash equivalents as of October 31, 2025, were $106.4 million, an increase of $22.2 million from January 31, 2025 [6]. Acquisition Details - On August 29, 2025, Phreesia announced the acquisition of AccessOne Parent Holdings, Inc. for approximately $160 million [3]. - The acquisition was completed on November 12, 2025, making AccessOne a wholly owned subsidiary of Phreesia [3]. - The purchase was funded through a combination of cash and a new $110 million secured term loan [4]. Fiscal 2026 and 2027 Outlook - The revenue outlook for fiscal 2026 has been updated to a range of $479 million to $481 million, including approximately $7.5 million from AccessOne [8]. - Adjusted EBITDA outlook for fiscal 2026 is now projected to be between $99 million and $101 million, reflecting contributions from the AccessOne acquisition [9]. - The expectation for AHSCs in fiscal 2026 is approximately 4,515, including 15 AHSCs from the AccessOne acquisition [10]. - For fiscal 2027, revenue is expected to be in the range of $545 million to $559 million, a 14-16% increase over fiscal 2026 [11]. - Adjusted EBITDA for fiscal 2027 is projected to be between $125 million and $135 million, with continued improvements in operating leverage [12].