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Side-by-side financial comparison of Piedmont Realty Trust, Inc. (PDM) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($143.3M vs $120.3M, roughly 1.2× Phreesia, Inc.). Phreesia, Inc. runs the higher net margin — 3.5% vs -31.4%, a 35.0% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 0.4%).
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
PDM vs PHR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.3M | $120.3M |
| Net Profit | $-45.0M | $4.3M |
| Gross Margin | — | — |
| Operating Margin | — | 3.1% |
| Net Margin | -31.4% | 3.5% |
| Revenue YoY | 0.4% | 12.7% |
| Net Profit YoY | -27.9% | 129.7% |
| EPS (diluted) | $-0.10 | $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 | $143.3M | — | ||
| Q4 25 | $142.9M | $120.3M | ||
| Q3 25 | $139.2M | $117.3M | ||
| Q2 25 | $140.3M | $115.9M | ||
| Q1 25 | $142.7M | — | ||
| Q4 24 | $143.2M | — | ||
| Q3 24 | $139.3M | — | ||
| Q2 24 | $143.3M | — |
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $4.3M | ||
| Q3 25 | $-13.5M | $654.0K | ||
| Q2 25 | $-16.8M | $-3.9M | ||
| Q1 25 | $-10.1M | — | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $-11.5M | — | ||
| Q2 24 | $-9.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | — | -2.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | 3.5% | ||
| Q3 25 | -9.7% | 0.6% | ||
| Q2 25 | -12.0% | -3.4% | ||
| Q1 25 | -7.1% | — | ||
| Q4 24 | -20.9% | — | ||
| Q3 24 | -8.3% | — | ||
| Q2 24 | -6.8% | — |
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $0.07 | ||
| Q3 25 | $-0.11 | $0.01 | ||
| Q2 25 | $-0.14 | $-0.07 | ||
| Q1 25 | $-0.08 | — | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3M | $106.4M |
| Total DebtLower is stronger | — | $3.4M |
| Stockholders' EquityBook value | $1.5B | $320.3M |
| Total Assets | $4.0B | $423.5M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | $106.4M | ||
| Q3 25 | $3.0M | $98.3M | ||
| Q2 25 | $3.3M | $90.9M | ||
| Q1 25 | $2.9M | — | ||
| Q4 24 | $109.6M | — | ||
| Q3 24 | $133.6M | — | ||
| Q2 24 | $138.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $3.4M | ||
| Q3 25 | $2.2B | $4.6M | ||
| Q2 25 | $2.2B | $6.2M | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $320.3M | ||
| Q3 25 | $1.5B | $298.0M | ||
| Q2 25 | $1.5B | $282.2M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $423.5M | ||
| Q3 25 | $4.0B | $408.6M | ||
| Q2 25 | $4.0B | $400.4M | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 0.01× | ||
| Q3 25 | 1.43× | 0.02× | ||
| Q2 25 | 1.41× | 0.02× | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | 1.40× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.34× | — |
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 | 110.3% | 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 | $140.6M | $15.5M | ||
| Q3 25 | $35.8M | $14.8M | ||
| Q2 25 | $50.1M | $14.8M | ||
| Q1 25 | $3.7M | — | ||
| Q4 24 | $198.1M | — | ||
| Q3 24 | $42.9M | — | ||
| Q2 24 | $66.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $12.2M | ||
| Q3 25 | — | $13.1M | ||
| Q2 25 | — | $11.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 110.3% | — | ||
| 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 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PDM
Segment breakdown not available.
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
