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Side-by-side financial comparison of Phreesia, Inc. (PHR) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $78.6M, roughly 1.5× Repay Holdings Corp). Phreesia, Inc. runs the higher net margin — 3.5% vs -178.3%, a 181.8% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 0.4%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M 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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
PHR vs RPAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.3M | $78.6M |
| Net Profit | $4.3M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 3.1% | -182.2% |
| Net Margin | 3.5% | -178.3% |
| Revenue YoY | 12.7% | 0.4% |
| Net Profit YoY | 129.7% | -3304.1% |
| EPS (diluted) | $0.07 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $117.3M | $77.7M | ||
| Q2 25 | $115.9M | $75.6M | ||
| Q1 25 | — | $77.3M | ||
| Q4 24 | — | $78.3M | ||
| Q3 24 | — | $79.1M | ||
| Q2 24 | — | $74.9M | ||
| Q1 24 | — | $80.7M |
| Q4 25 | $4.3M | $-140.1M | ||
| Q3 25 | $654.0K | $-6.4M | ||
| Q2 25 | $-3.9M | $-102.3M | ||
| Q1 25 | — | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $-4.1M | ||
| Q1 24 | — | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
| Q4 25 | 3.1% | -182.2% | ||
| Q3 25 | -1.3% | -3.9% | ||
| Q2 25 | -2.8% | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | 3.5% | -178.3% | ||
| Q3 25 | 0.6% | -8.3% | ||
| Q2 25 | -3.4% | -135.2% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | -6.5% |
| Q4 25 | $0.07 | $-1.68 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $-0.07 | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | $3.4M | $280.1M |
| Stockholders' EquityBook value | $320.3M | $484.4M |
| Total Assets | $423.5M | $1.2B |
| Debt / EquityLower = less leverage | 0.01× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.4M | $115.7M | ||
| Q3 25 | $98.3M | $95.7M | ||
| Q2 25 | $90.9M | $162.6M | ||
| Q1 25 | — | $165.5M | ||
| Q4 24 | — | $189.5M | ||
| Q3 24 | — | $168.7M | ||
| Q2 24 | — | $147.1M | ||
| Q1 24 | — | $128.3M |
| Q4 25 | $3.4M | $280.1M | ||
| Q3 25 | $4.6M | $279.5M | ||
| Q2 25 | $6.2M | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $320.3M | $484.4M | ||
| Q3 25 | $298.0M | $616.9M | ||
| Q2 25 | $282.2M | $633.7M | ||
| Q1 25 | — | $755.7M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $754.7M | ||
| Q2 24 | — | $815.4M | ||
| Q1 24 | — | $813.8M |
| Q4 25 | $423.5M | $1.2B | ||
| Q3 25 | $408.6M | $1.3B | ||
| Q2 25 | $400.4M | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | 0.01× | 0.58× | ||
| Q3 25 | 0.02× | 0.45× | ||
| Q2 25 | 0.02× | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $12.2M | $23.2M |
| FCF MarginFCF / Revenue | 10.1% | 29.6% |
| Capex IntensityCapex / Revenue | 2.7% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.5M | $23.3M | ||
| Q3 25 | $14.8M | $32.2M | ||
| Q2 25 | $14.8M | $33.1M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | — | $34.3M | ||
| Q3 24 | — | $60.1M | ||
| Q2 24 | — | $31.0M | ||
| Q1 24 | — | $24.8M |
| Q4 25 | $12.2M | $23.2M | ||
| Q3 25 | $13.1M | $32.1M | ||
| Q2 25 | $11.3M | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M | ||
| Q1 24 | — | $24.7M |
| Q4 25 | 10.1% | 29.6% | ||
| Q3 25 | 11.1% | 41.3% | ||
| Q2 25 | 9.8% | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 30.6% |
| Q4 25 | 2.7% | 0.1% | ||
| Q3 25 | 1.5% | 0.2% | ||
| Q2 25 | 3.0% | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 3.62× | — | ||
| Q3 25 | 22.68× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
