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Side-by-side financial comparison of Phreesia, Inc. (PHR) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $71.1M, roughly 1.7× RE/MAX Holdings, Inc.). Phreesia, Inc. runs the higher net margin — 3.5% vs 2.0%, a 1.5% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $12.2M).
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
PHR vs RMAX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.3M | $71.1M |
| Net Profit | $4.3M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 3.1% | 13.1% |
| Net Margin | 3.5% | 2.0% |
| Revenue YoY | 12.7% | -1.8% |
| Net Profit YoY | 129.7% | -75.2% |
| EPS (diluted) | $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 | $120.3M | $71.1M | ||
| Q3 25 | $117.3M | $73.2M | ||
| Q2 25 | $115.9M | $72.8M | ||
| Q1 25 | — | $74.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $78.3M |
| Q4 25 | $4.3M | $1.4M | ||
| Q3 25 | $654.0K | $4.0M | ||
| Q2 25 | $-3.9M | $4.7M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | — | $966.0K | ||
| Q2 24 | — | $3.7M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | 3.1% | 13.1% | ||
| Q3 25 | -1.3% | 25.0% | ||
| Q2 25 | -2.8% | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | 19.4% | ||
| Q2 24 | — | 20.6% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | 3.5% | 2.0% | ||
| Q3 25 | 0.6% | 5.4% | ||
| Q2 25 | -3.4% | 6.4% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | -4.3% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $118.7M |
| Total DebtLower is stronger | $3.4M | $432.2M |
| Stockholders' EquityBook value | $320.3M | $452.4M |
| Total Assets | $423.5M | $582.5M |
| Debt / EquityLower = less leverage | 0.01× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.4M | $118.7M | ||
| Q3 25 | $98.3M | $107.5M | ||
| Q2 25 | $90.9M | $94.3M | ||
| Q1 25 | — | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | — | $83.8M | ||
| Q2 24 | — | $66.1M | ||
| Q1 24 | — | $82.1M |
| Q4 25 | $3.4M | $432.2M | ||
| Q3 25 | $4.6M | $433.3M | ||
| Q2 25 | $6.2M | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $320.3M | $452.4M | ||
| Q3 25 | $298.0M | $448.1M | ||
| Q2 25 | $282.2M | $442.4M | ||
| Q1 25 | — | $433.5M | ||
| Q4 24 | — | $429.5M | ||
| Q3 24 | — | $423.1M | ||
| Q2 24 | — | $418.4M | ||
| Q1 24 | — | $412.0M |
| Q4 25 | $423.5M | $582.5M | ||
| Q3 25 | $408.6M | $582.2M | ||
| Q2 25 | $400.4M | $574.8M | ||
| Q1 25 | — | $571.4M | ||
| Q4 24 | — | $581.6M | ||
| Q3 24 | — | $578.6M | ||
| Q2 24 | — | $571.4M | ||
| Q1 24 | — | $566.7M |
| Q4 25 | 0.01× | 0.96× | ||
| Q3 25 | 0.02× | 0.97× | ||
| Q2 25 | 0.02× | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $12.2M | $33.5M |
| FCF MarginFCF / Revenue | 10.1% | 47.1% |
| Capex IntensityCapex / Revenue | 2.7% | 10.4% |
| Cash ConversionOCF / Net Profit | 3.62× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.5M | $40.9M | ||
| Q3 25 | $14.8M | $17.7M | ||
| Q2 25 | $14.8M | $4.6M | ||
| Q1 25 | — | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | — | $15.9M | ||
| Q1 24 | — | $9.4M |
| Q4 25 | $12.2M | $33.5M | ||
| Q3 25 | $13.1M | $16.4M | ||
| Q2 25 | $11.3M | $2.9M | ||
| Q1 25 | — | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $6.8M |
| Q4 25 | 10.1% | 47.1% | ||
| Q3 25 | 11.1% | 22.4% | ||
| Q2 25 | 9.8% | 4.0% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 8.6% |
| Q4 25 | 2.7% | 10.4% | ||
| Q3 25 | 1.5% | 1.8% | ||
| Q2 25 | 3.0% | 2.2% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | 3.62× | 28.39× | ||
| Q3 25 | 22.68× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
