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Side-by-side financial comparison of Phreesia, Inc. (PHR) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $120.3M, roughly 1.8× Phreesia, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 3.5%, a 15.2% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 8.6%).

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

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

PHR vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.8× larger
RAMP
$212.2M
$120.3M
PHR
Growing faster (revenue YoY)
PHR
PHR
+4.1% gap
PHR
12.7%
8.6%
RAMP
Higher net margin
RAMP
RAMP
15.2% more per $
RAMP
18.8%
3.5%
PHR

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
PHR
PHR
RAMP
RAMP
Revenue
$120.3M
$212.2M
Net Profit
$4.3M
$39.9M
Gross Margin
71.9%
Operating Margin
3.1%
18.6%
Net Margin
3.5%
18.8%
Revenue YoY
12.7%
8.6%
Net Profit YoY
129.7%
255.7%
EPS (diluted)
$0.07
$0.62

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
RAMP
RAMP
Q4 25
$120.3M
$212.2M
Q3 25
$117.3M
$199.8M
Q2 25
$115.9M
$194.8M
Q1 25
$188.7M
Q4 24
$195.4M
Q3 24
$185.5M
Q2 24
$176.0M
Q1 24
$171.9M
Net Profit
PHR
PHR
RAMP
RAMP
Q4 25
$4.3M
$39.9M
Q3 25
$654.0K
$27.4M
Q2 25
$-3.9M
$7.7M
Q1 25
$-6.3M
Q4 24
$11.2M
Q3 24
$1.7M
Q2 24
$-7.5M
Q1 24
$-5.4M
Gross Margin
PHR
PHR
RAMP
RAMP
Q4 25
71.9%
Q3 25
70.2%
Q2 25
70.1%
Q1 25
69.3%
Q4 24
71.9%
Q3 24
72.4%
Q2 24
70.6%
Q1 24
72.2%
Operating Margin
PHR
PHR
RAMP
RAMP
Q4 25
3.1%
18.6%
Q3 25
-1.3%
10.7%
Q2 25
-2.8%
3.7%
Q1 25
-6.1%
Q4 24
7.5%
Q3 24
4.0%
Q2 24
-3.0%
Q1 24
-8.3%
Net Margin
PHR
PHR
RAMP
RAMP
Q4 25
3.5%
18.8%
Q3 25
0.6%
13.7%
Q2 25
-3.4%
4.0%
Q1 25
-3.3%
Q4 24
5.7%
Q3 24
0.9%
Q2 24
-4.3%
Q1 24
-3.1%
EPS (diluted)
PHR
PHR
RAMP
RAMP
Q4 25
$0.07
$0.62
Q3 25
$0.01
$0.42
Q2 25
$-0.07
$0.12
Q1 25
$-0.10
Q4 24
$0.17
Q3 24
$0.03
Q2 24
$-0.11
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
PHR
PHR
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$106.4M
$403.4M
Total DebtLower is stronger
$3.4M
Stockholders' EquityBook value
$320.3M
$962.3M
Total Assets
$423.5M
$1.3B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHR
PHR
RAMP
RAMP
Q4 25
$106.4M
$403.4M
Q3 25
$98.3M
$376.9M
Q2 25
$90.9M
$371.1M
Q1 25
$420.8M
Q4 24
$384.3M
Q3 24
$348.4M
Q2 24
$342.7M
Q1 24
$368.9M
Total Debt
PHR
PHR
RAMP
RAMP
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
RAMP
RAMP
Q4 25
$320.3M
$962.3M
Q3 25
$298.0M
$943.8M
Q2 25
$282.2M
$947.8M
Q1 25
$948.9M
Q4 24
$957.7M
Q3 24
$932.1M
Q2 24
$951.9M
Q1 24
$949.1M
Total Assets
PHR
PHR
RAMP
RAMP
Q4 25
$423.5M
$1.3B
Q3 25
$408.6M
$1.2B
Q2 25
$400.4M
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Debt / Equity
PHR
PHR
RAMP
RAMP
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
RAMP
RAMP
Operating Cash FlowLast quarter
$15.5M
Free Cash FlowOCF − Capex
$12.2M
FCF MarginFCF / Revenue
10.1%
Capex IntensityCapex / Revenue
2.7%
0.1%
Cash ConversionOCF / Net Profit
3.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHR
PHR
RAMP
RAMP
Q4 25
$15.5M
Q3 25
$14.8M
$57.4M
Q2 25
$14.8M
$-15.8M
Q1 25
Q4 24
$45.1M
Q3 24
$55.6M
Q2 24
$-9.3M
Q1 24
Free Cash Flow
PHR
PHR
RAMP
RAMP
Q4 25
$12.2M
Q3 25
$13.1M
$56.8M
Q2 25
$11.3M
$-16.2M
Q1 25
Q4 24
$44.8M
Q3 24
$55.4M
Q2 24
$-9.6M
Q1 24
FCF Margin
PHR
PHR
RAMP
RAMP
Q4 25
10.1%
Q3 25
11.1%
28.4%
Q2 25
9.8%
-8.3%
Q1 25
Q4 24
22.9%
Q3 24
29.8%
Q2 24
-5.4%
Q1 24
Capex Intensity
PHR
PHR
RAMP
RAMP
Q4 25
2.7%
0.1%
Q3 25
1.5%
0.3%
Q2 25
3.0%
0.2%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
PHR
PHR
RAMP
RAMP
Q4 25
3.62×
Q3 25
22.68×
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
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%

RAMP
RAMP

Segment breakdown not available.

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