vs
Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $120.3M, roughly 1.1× Phreesia, Inc.). Phreesia, Inc. runs the higher net margin — 3.5% vs -22.8%, a 26.3% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 12.7%). Phreesia, Inc. produced more free cash flow last quarter ($12.2M vs $11.7M).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
EEX vs PHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $120.3M |
| Net Profit | $-30.2M | $4.3M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 3.1% |
| Net Margin | -22.8% | 3.5% |
| Revenue YoY | 24.3% | 12.7% |
| Net Profit YoY | -692.2% | 129.7% |
| EPS (diluted) | $-0.15 | $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.
| Q4 25 | $132.7M | $120.3M | ||
| Q3 25 | $77.5M | $117.3M | ||
| Q2 25 | $105.5M | $115.9M | ||
| Q1 25 | $147.7M | — | ||
| Q4 24 | $106.8M | — | ||
| Q3 24 | $72.6M | — | ||
| Q2 24 | $86.0M | — | ||
| Q1 24 | $133.4M | — |
| Q4 25 | $-30.2M | $4.3M | ||
| Q3 25 | $-14.4M | $654.0K | ||
| Q2 25 | $-1.4M | $-3.9M | ||
| Q1 25 | $15.3M | — | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $-11.1M | — | ||
| Q2 24 | $-2.8M | — | ||
| Q1 24 | $11.0M | — |
| Q4 25 | -11.8% | 3.1% | ||
| Q3 25 | -10.1% | -1.3% | ||
| Q2 25 | 9.7% | -2.8% | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | -6.5% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 18.2% | — |
| Q4 25 | -22.8% | 3.5% | ||
| Q3 25 | -18.6% | 0.6% | ||
| Q2 25 | -1.3% | -3.4% | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -15.3% | — | ||
| Q2 24 | -3.3% | — | ||
| Q1 24 | 8.2% | — |
| Q4 25 | $-0.15 | $0.07 | ||
| Q3 25 | $-0.07 | $0.01 | ||
| Q2 25 | $-0.01 | $-0.07 | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.05 | — | ||
| Q2 24 | $-0.03 | — | ||
| Q1 24 | $0.00 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $100.9M | $106.4M |
| Total DebtLower is stronger | — | $3.4M |
| Stockholders' EquityBook value | $338.8M | $320.3M |
| Total Assets | $1.2B | $423.5M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $106.4M | ||
| Q3 25 | $95.4M | $98.3M | ||
| Q2 25 | $156.4M | $90.9M | ||
| Q1 25 | $276.8M | — | ||
| Q4 24 | $194.8M | — | ||
| Q3 24 | $188.9M | — | ||
| Q2 24 | $193.2M | — | ||
| Q1 24 | $186.8M | — |
| Q4 25 | — | $3.4M | ||
| Q3 25 | — | $4.6M | ||
| Q2 25 | — | $6.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $338.8M | $320.3M | ||
| Q3 25 | $369.5M | $298.0M | ||
| Q2 25 | $389.4M | $282.2M | ||
| Q1 25 | $392.1M | — | ||
| Q4 24 | $385.9M | — | ||
| Q3 24 | $391.1M | — | ||
| Q2 24 | $407.6M | — | ||
| Q1 24 | $-90.7M | — |
| Q4 25 | $1.2B | $423.5M | ||
| Q3 25 | $1.2B | $408.6M | ||
| Q2 25 | $1.2B | $400.4M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $12.3M | $15.5M |
| Free Cash FlowOCF − Capex | $11.7M | $12.2M |
| FCF MarginFCF / Revenue | 8.8% | 10.1% |
| Capex IntensityCapex / Revenue | 0.5% | 2.7% |
| Cash ConversionOCF / Net Profit | — | 3.62× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $15.5M | ||
| Q3 25 | $1.8M | $14.8M | ||
| Q2 25 | $15.9M | $14.8M | ||
| Q1 25 | $12.6M | — | ||
| Q4 24 | $20.6M | — | ||
| Q3 24 | $9.1M | — | ||
| Q2 24 | $9.8M | — | ||
| Q1 24 | $7.3M | — |
| Q4 25 | $11.7M | $12.2M | ||
| Q3 25 | $1.5M | $13.1M | ||
| Q2 25 | $15.8M | $11.3M | ||
| Q1 25 | $12.4M | — | ||
| Q4 24 | $19.9M | — | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $9.6M | — | ||
| Q1 24 | $7.0M | — |
| Q4 25 | 8.8% | 10.1% | ||
| Q3 25 | 1.9% | 11.1% | ||
| Q2 25 | 15.0% | 9.8% | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 11.2% | — | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 0.5% | 2.7% | ||
| Q3 25 | 0.4% | 1.5% | ||
| Q2 25 | 0.1% | 3.0% | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | — | 3.62× | ||
| Q3 25 | — | 22.68× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
