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Side-by-side financial comparison of Phreesia, Inc. (PHR) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $93.6M, roughly 1.3× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 3.5%, a 52.4% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs -13.3%).
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
PHR vs PMT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.3M | $93.6M |
| Net Profit | $4.3M | $52.4M |
| Gross Margin | — | — |
| Operating Margin | 3.1% | 38.6% |
| Net Margin | 3.5% | 56.0% |
| Revenue YoY | 12.7% | -13.3% |
| Net Profit YoY | 129.7% | 12.5% |
| EPS (diluted) | $0.07 | $0.49 |
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 | $120.3M | $93.6M | ||
| Q3 25 | $117.3M | $99.2M | ||
| Q2 25 | $115.9M | $70.2M | ||
| Q1 25 | — | $44.5M | ||
| Q4 24 | — | $107.9M | ||
| Q3 24 | — | $80.9M | ||
| Q2 24 | — | $71.2M | ||
| Q1 24 | — | $74.2M |
| Q4 25 | $4.3M | $52.4M | ||
| Q3 25 | $654.0K | $58.3M | ||
| Q2 25 | $-3.9M | $7.5M | ||
| Q1 25 | — | $9.7M | ||
| Q4 24 | — | $46.5M | ||
| Q3 24 | — | $41.4M | ||
| Q2 24 | — | $25.4M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | 3.1% | 38.6% | ||
| Q3 25 | -1.3% | 47.4% | ||
| Q2 25 | -2.8% | 24.2% | ||
| Q1 25 | — | -14.2% | ||
| Q4 24 | — | 51.1% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 43.6% |
| Q4 25 | 3.5% | 56.0% | ||
| Q3 25 | 0.6% | 58.7% | ||
| Q2 25 | -3.4% | 10.7% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 64.2% |
| Q4 25 | $0.07 | $0.49 | ||
| Q3 25 | $0.01 | $0.55 | ||
| Q2 25 | $-0.07 | $-0.04 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $106.4M | $190.5M |
| Total DebtLower is stronger | $3.4M | $1.1B |
| Stockholders' EquityBook value | $320.3M | $1.9B |
| Total Assets | $423.5M | $21.3B |
| Debt / EquityLower = less leverage | 0.01× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.4M | $190.5M | ||
| Q3 25 | $98.3M | $181.0M | ||
| Q2 25 | $90.9M | $108.6M | ||
| Q1 25 | — | $204.2M | ||
| Q4 24 | — | $103.2M | ||
| Q3 24 | — | $102.8M | ||
| Q2 24 | — | $336.3M | ||
| Q1 24 | — | $343.3M |
| Q4 25 | $3.4M | $1.1B | ||
| Q3 25 | $4.6M | $299.0M | ||
| Q2 25 | $6.2M | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $320.3M | $1.9B | ||
| Q3 25 | $298.0M | $1.9B | ||
| Q2 25 | $282.2M | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $423.5M | $21.3B | ||
| Q3 25 | $408.6M | $18.5B | ||
| Q2 25 | $400.4M | $16.8B | ||
| Q1 25 | — | $14.9B | ||
| Q4 24 | — | $14.4B | ||
| Q3 24 | — | $13.1B | ||
| Q2 24 | — | $12.1B | ||
| Q1 24 | — | $12.3B |
| Q4 25 | 0.01× | 0.58× | ||
| Q3 25 | 0.02× | 0.16× | ||
| Q2 25 | 0.02× | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | $12.2M | — |
| FCF MarginFCF / Revenue | 10.1% | — |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | 3.62× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.5M | $-7.2B | ||
| Q3 25 | $14.8M | $-1.3B | ||
| Q2 25 | $14.8M | $-2.0B | ||
| Q1 25 | — | $-594.3M | ||
| Q4 24 | — | $-2.7B | ||
| Q3 24 | — | $-983.8M | ||
| Q2 24 | — | $243.8M | ||
| Q1 24 | — | $-342.4M |
| Q4 25 | $12.2M | — | ||
| Q3 25 | $13.1M | — | ||
| Q2 25 | $11.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 3.62× | -137.76× | ||
| Q3 25 | 22.68× | -22.26× | ||
| Q2 25 | — | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | — | -23.76× | ||
| Q2 24 | — | 9.59× | ||
| Q1 24 | — | -7.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
