vs
Side-by-side financial comparison of AMERISAFE INC (AMSF) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $80.1M, roughly 1.5× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 3.5%, a 6.6% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 10.3%).
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
AMSF vs PHR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $120.3M |
| Net Profit | $8.1M | $4.3M |
| Gross Margin | — | — |
| Operating Margin | — | 3.1% |
| Net Margin | 10.2% | 3.5% |
| Revenue YoY | 10.3% | 12.7% |
| Net Profit YoY | -9.0% | 129.7% |
| EPS (diluted) | $0.43 | $0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $120.3M | ||
| Q3 25 | $82.0M | $117.3M | ||
| Q2 25 | $81.1M | $115.9M | ||
| Q1 25 | $72.6M | — | ||
| Q4 24 | $74.0M | — | ||
| Q3 24 | $78.7M | — | ||
| Q2 24 | $75.8M | — |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $4.3M | ||
| Q3 25 | $13.8M | $654.0K | ||
| Q2 25 | $14.0M | $-3.9M | ||
| Q1 25 | $8.9M | — | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $14.3M | — | ||
| Q2 24 | $11.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 3.1% | ||
| Q3 25 | 21.3% | -1.3% | ||
| Q2 25 | 21.5% | -2.8% | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 18.1% | — |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 3.5% | ||
| Q3 25 | 16.9% | 0.6% | ||
| Q2 25 | 17.2% | -3.4% | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 14.5% | — |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.07 | ||
| Q3 25 | $0.72 | $0.01 | ||
| Q2 25 | $0.73 | $-0.07 | ||
| Q1 25 | $0.47 | — | ||
| Q4 24 | $0.69 | — | ||
| Q3 24 | $0.75 | — | ||
| Q2 24 | $0.57 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $106.4M |
| Total DebtLower is stronger | — | $3.4M |
| Stockholders' EquityBook value | $246.6M | $320.3M |
| Total Assets | — | $423.5M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $106.4M | ||
| Q3 25 | $54.7M | $98.3M | ||
| Q2 25 | $48.5M | $90.9M | ||
| Q1 25 | $44.8M | — | ||
| Q4 24 | $44.1M | — | ||
| Q3 24 | $63.7M | — | ||
| Q2 24 | $30.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.4M | ||
| Q3 25 | — | $4.6M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $320.3M | ||
| Q3 25 | $274.8M | $298.0M | ||
| Q2 25 | $265.6M | $282.2M | ||
| Q1 25 | $260.8M | — | ||
| Q4 24 | $257.3M | — | ||
| Q3 24 | $314.4M | — | ||
| Q2 24 | $301.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $423.5M | ||
| Q3 25 | $1.2B | $408.6M | ||
| Q2 25 | $1.2B | $400.4M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $15.5M |
| Free Cash FlowOCF − Capex | — | $12.2M |
| FCF MarginFCF / Revenue | — | 10.1% |
| Capex IntensityCapex / Revenue | — | 2.7% |
| Cash ConversionOCF / Net Profit | — | 3.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $15.5M | ||
| Q3 25 | $10.7M | $14.8M | ||
| Q2 25 | $-8.4M | $14.8M | ||
| Q1 25 | $-1.8M | — | ||
| Q4 24 | $24.2M | — | ||
| Q3 24 | $8.4M | — | ||
| Q2 24 | $-2.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $12.2M | ||
| Q3 25 | $9.8M | $13.1M | ||
| Q2 25 | $-9.5M | $11.3M | ||
| Q1 25 | $-1.8M | — | ||
| Q4 24 | $23.4M | — | ||
| Q3 24 | $8.4M | — | ||
| Q2 24 | $-2.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 10.1% | ||
| Q3 25 | 11.9% | 11.1% | ||
| Q2 25 | -11.7% | 9.8% | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | 31.5% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | -3.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 2.7% | ||
| Q3 25 | 1.1% | 1.5% | ||
| Q2 25 | 1.3% | 3.0% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 3.62× | ||
| Q3 25 | 0.77× | 22.68× | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | -0.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
