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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $120.3M, roughly 1.7× Phreesia, Inc.). Phreesia, Inc. runs the higher net margin — 3.5% vs 1.9%, a 1.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 12.7%). Phreesia, Inc. produced more free cash flow last quarter ($12.2M vs $-1.0M).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
BAND vs PHR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $120.3M |
| Net Profit | $4.0M | $4.3M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 3.1% |
| Net Margin | 1.9% | 3.5% |
| Revenue YoY | 20.1% | 12.7% |
| Net Profit YoY | 200.0% | 129.7% |
| EPS (diluted) | $-0.08 | $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 | $208.8M | — | ||
| Q4 25 | $207.7M | $120.3M | ||
| Q3 25 | $191.9M | $117.3M | ||
| Q2 25 | $180.0M | $115.9M | ||
| Q1 25 | $174.2M | — | ||
| Q4 24 | $210.0M | — | ||
| Q3 24 | $193.9M | — | ||
| Q2 24 | $173.6M | — |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $4.3M | ||
| Q3 25 | $-1.2M | $654.0K | ||
| Q2 25 | $-4.9M | $-3.9M | ||
| Q1 25 | $-3.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $413.0K | — | ||
| Q2 24 | $4.1M | — |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 3.1% | ||
| Q3 25 | -1.0% | -1.3% | ||
| Q2 25 | -2.1% | -2.8% | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | -0.5% | — | ||
| Q2 24 | -3.5% | — |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | -0.6% | 0.6% | ||
| Q2 25 | -2.7% | -3.4% | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 2.3% | — |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.07 | ||
| Q3 25 | $-0.04 | $0.01 | ||
| Q2 25 | $-0.16 | $-0.07 | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.17 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $106.4M |
| Total DebtLower is stronger | — | $3.4M |
| Stockholders' EquityBook value | $405.7M | $320.3M |
| Total Assets | $984.2M | $423.5M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $106.4M | ||
| Q3 25 | $80.4M | $98.3M | ||
| Q2 25 | $68.1M | $90.9M | ||
| Q1 25 | $41.7M | — | ||
| Q4 24 | $83.8M | — | ||
| Q3 24 | $79.9M | — | ||
| Q2 24 | $76.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.4M | ||
| Q3 25 | — | $4.6M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $320.3M | ||
| Q3 25 | $392.7M | $298.0M | ||
| Q2 25 | $384.5M | $282.2M | ||
| Q1 25 | $345.4M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $336.6M | — | ||
| Q2 24 | $307.4M | — |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $423.5M | ||
| Q3 25 | $1.0B | $408.6M | ||
| Q2 25 | $1.0B | $400.4M | ||
| Q1 25 | $964.4M | — | ||
| Q4 24 | $989.2M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
| 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 | $-1.0M | $12.2M |
| FCF MarginFCF / Revenue | -0.5% | 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 | $38.6M | $15.5M | ||
| Q3 25 | $22.2M | $14.8M | ||
| Q2 25 | $31.7M | $14.8M | ||
| Q1 25 | $-3.1M | — | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $24.4M | — |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $12.2M | ||
| Q3 25 | — | $13.1M | ||
| Q2 25 | — | $11.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.62× | ||
| Q3 25 | — | 22.68× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
