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Side-by-side financial comparison of Phreesia, Inc. (PHR) and Planet Labs PBC (PL). Click either name above to swap in a different company.

Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $81.3M, roughly 1.5× Planet Labs PBC). Phreesia, Inc. runs the higher net margin — 3.5% vs -72.8%, a 76.4% gap on every dollar of revenue. On growth, Planet Labs PBC posted the faster year-over-year revenue change (32.6% vs 12.7%). Phreesia, Inc. produced more free cash flow last quarter ($12.2M vs $1.9M).

Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.

Planet Labs PBC, known as "Planet.", is a publicly traded American Earth imaging company based in San Francisco, California. Their goal is to image the entirety of the Earth daily to monitor changes and pinpoint trends.

PHR vs PL — Head-to-Head

Bigger by revenue
PHR
PHR
1.5× larger
PHR
$120.3M
$81.3M
PL
Growing faster (revenue YoY)
PL
PL
+20.0% gap
PL
32.6%
12.7%
PHR
Higher net margin
PHR
PHR
76.4% more per $
PHR
3.5%
-72.8%
PL
More free cash flow
PHR
PHR
$10.3M more FCF
PHR
$12.2M
$1.9M
PL

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
PHR
PHR
PL
PL
Revenue
$120.3M
$81.3M
Net Profit
$4.3M
$-59.2M
Gross Margin
57.3%
Operating Margin
3.1%
-22.6%
Net Margin
3.5%
-72.8%
Revenue YoY
12.7%
32.6%
Net Profit YoY
129.7%
-194.7%
EPS (diluted)
$0.07
$-0.19

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.

Revenue
PHR
PHR
PL
PL
Q4 25
$120.3M
$81.3M
Q3 25
$117.3M
$73.4M
Q2 25
$115.9M
$66.3M
Q1 25
$61.6M
Q4 24
$61.3M
Q3 24
$61.1M
Q2 24
$60.4M
Q1 24
$58.9M
Net Profit
PHR
PHR
PL
PL
Q4 25
$4.3M
$-59.2M
Q3 25
$654.0K
$-22.6M
Q2 25
$-3.9M
$-12.6M
Q1 25
$-35.2M
Q4 24
$-20.1M
Q3 24
$-38.7M
Q2 24
$-29.3M
Q1 24
$-30.1M
Gross Margin
PHR
PHR
PL
PL
Q4 25
57.3%
Q3 25
57.6%
Q2 25
55.2%
Q1 25
62.1%
Q4 24
61.2%
Q3 24
52.9%
Q2 24
52.4%
Q1 24
55.2%
Operating Margin
PHR
PHR
PL
PL
Q4 25
3.1%
-22.6%
Q3 25
-1.3%
-24.5%
Q2 25
-2.8%
-34.4%
Q1 25
-31.5%
Q4 24
-36.9%
Q3 24
-64.8%
Q2 24
-57.2%
Q1 24
-57.6%
Net Margin
PHR
PHR
PL
PL
Q4 25
3.5%
-72.8%
Q3 25
0.6%
-30.8%
Q2 25
-3.4%
-19.1%
Q1 25
-57.1%
Q4 24
-32.8%
Q3 24
-63.3%
Q2 24
-48.5%
Q1 24
-51.1%
EPS (diluted)
PHR
PHR
PL
PL
Q4 25
$0.07
$-0.19
Q3 25
$0.01
$-0.07
Q2 25
$-0.07
$-0.04
Q1 25
$-0.12
Q4 24
$-0.07
Q3 24
$-0.13
Q2 24
$-0.10
Q1 24
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PHR
PHR
PL
PL
Cash + ST InvestmentsLiquidity on hand
$106.4M
$443.3M
Total DebtLower is stronger
$3.4M
Stockholders' EquityBook value
$320.3M
$349.6M
Total Assets
$423.5M
$1.1B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHR
PHR
PL
PL
Q4 25
$106.4M
$443.3M
Q3 25
$98.3M
$181.1M
Q2 25
$90.9M
$133.5M
Q1 25
$118.0M
Q4 24
$139.0M
Q3 24
$148.3M
Q2 24
$107.4M
Q1 24
$83.9M
Total Debt
PHR
PHR
PL
PL
Q4 25
$3.4M
Q3 25
$4.6M
Q2 25
$6.2M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PHR
PHR
PL
PL
Q4 25
$320.3M
$349.6M
Q3 25
$298.0M
$435.7M
Q2 25
$282.2M
$444.8M
Q1 25
$441.3M
Q4 24
$464.6M
Q3 24
$473.2M
Q2 24
$500.3M
Q1 24
$518.0M
Total Assets
PHR
PHR
PL
PL
Q4 25
$423.5M
$1.1B
Q3 25
$408.6M
$696.4M
Q2 25
$400.4M
$658.4M
Q1 25
$633.8M
Q4 24
$630.8M
Q3 24
$658.4M
Q2 24
$674.6M
Q1 24
$702.0M
Debt / Equity
PHR
PHR
PL
PL
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
PHR
PHR
PL
PL
Operating Cash FlowLast quarter
$15.5M
$28.6M
Free Cash FlowOCF − Capex
$12.2M
$1.9M
FCF MarginFCF / Revenue
10.1%
2.3%
Capex IntensityCapex / Revenue
2.7%
32.9%
Cash ConversionOCF / Net Profit
3.62×
TTM Free Cash FlowTrailing 4 quarters
$40.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHR
PHR
PL
PL
Q4 25
$15.5M
$28.6M
Q3 25
$14.8M
$67.8M
Q2 25
$14.8M
$17.3M
Q1 25
$-6.3M
Q4 24
$4.1M
Q3 24
$-7.9M
Q2 24
$-4.3M
Q1 24
$-6.8M
Free Cash Flow
PHR
PHR
PL
PL
Q4 25
$12.2M
$1.9M
Q3 25
$13.1M
$47.5M
Q2 25
$11.3M
$9.2M
Q1 25
$-17.9M
Q4 24
$-3.6M
Q3 24
$-23.0M
Q2 24
$-14.2M
Q1 24
$-15.7M
FCF Margin
PHR
PHR
PL
PL
Q4 25
10.1%
2.3%
Q3 25
11.1%
64.7%
Q2 25
9.8%
13.9%
Q1 25
-29.1%
Q4 24
-5.8%
Q3 24
-37.6%
Q2 24
-23.6%
Q1 24
-26.7%
Capex Intensity
PHR
PHR
PL
PL
Q4 25
2.7%
32.9%
Q3 25
1.5%
27.6%
Q2 25
3.0%
12.3%
Q1 25
18.9%
Q4 24
12.5%
Q3 24
24.8%
Q2 24
16.4%
Q1 24
15.1%
Cash Conversion
PHR
PHR
PL
PL
Q4 25
3.62×
Q3 25
22.68×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PHR
PHR

Subscription And Services$55.5M46%
Network Solutions$37.4M31%
Payment Processing Fees$27.4M23%

PL
PL

Defense And Intelligence$49.4M61%
Civil Government$18.8M23%
Commercial$13.1M16%

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