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

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $120.3M, roughly 1.3× Phreesia, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 3.5%, a 67.6% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 12.7%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M 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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

PHR vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.3× larger
STOK
$158.6M
$120.3M
PHR
Growing faster (revenue YoY)
STOK
STOK
+3648.5% gap
STOK
3661.1%
12.7%
PHR
Higher net margin
STOK
STOK
67.6% more per $
STOK
71.2%
3.5%
PHR
More free cash flow
STOK
STOK
$119.5M more FCF
STOK
$131.7M
$12.2M
PHR

Income Statement — Q3 FY2026 vs Q1 FY2025

Metric
PHR
PHR
STOK
STOK
Revenue
$120.3M
$158.6M
Net Profit
$4.3M
$112.9M
Gross Margin
Operating Margin
3.1%
70.2%
Net Margin
3.5%
71.2%
Revenue YoY
12.7%
3661.1%
Net Profit YoY
129.7%
528.0%
EPS (diluted)
$0.07
$1.90

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
STOK
STOK
Q4 25
$120.3M
Q3 25
$117.3M
Q2 25
$115.9M
Q1 25
$158.6M
Q4 24
$22.6M
Q2 23
$-2.5M
Net Profit
PHR
PHR
STOK
STOK
Q4 25
$4.3M
Q3 25
$654.0K
Q2 25
$-3.9M
Q1 25
$112.9M
Q4 24
$-10.5M
Q2 23
$-30.7M
Operating Margin
PHR
PHR
STOK
STOK
Q4 25
3.1%
Q3 25
-1.3%
Q2 25
-2.8%
Q1 25
70.2%
Q4 24
-60.4%
Q2 23
1340.7%
Net Margin
PHR
PHR
STOK
STOK
Q4 25
3.5%
Q3 25
0.6%
Q2 25
-3.4%
Q1 25
71.2%
Q4 24
-46.4%
Q2 23
1235.6%
EPS (diluted)
PHR
PHR
STOK
STOK
Q4 25
$0.07
Q3 25
$0.01
Q2 25
$-0.07
Q1 25
$1.90
Q4 24
$-0.15
Q2 23
$-0.69

Balance Sheet & Financial Strength

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

Metric
PHR
PHR
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$106.4M
$274.8M
Total DebtLower is stronger
$3.4M
Stockholders' EquityBook value
$320.3M
$350.1M
Total Assets
$423.5M
$406.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHR
PHR
STOK
STOK
Q4 25
$106.4M
Q3 25
$98.3M
Q2 25
$90.9M
Q1 25
$274.8M
Q4 24
$128.0M
Q2 23
$192.1M
Total Debt
PHR
PHR
STOK
STOK
Q4 25
$3.4M
Q3 25
$4.6M
Q2 25
$6.2M
Q1 25
Q4 24
Q2 23
Stockholders' Equity
PHR
PHR
STOK
STOK
Q4 25
$320.3M
Q3 25
$298.0M
Q2 25
$282.2M
Q1 25
$350.1M
Q4 24
$229.0M
Q2 23
$190.2M
Total Assets
PHR
PHR
STOK
STOK
Q4 25
$423.5M
Q3 25
$408.6M
Q2 25
$400.4M
Q1 25
$406.9M
Q4 24
$271.6M
Q2 23
$256.9M
Debt / Equity
PHR
PHR
STOK
STOK
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.02×
Q1 25
Q4 24
Q2 23

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
STOK
STOK
Operating Cash FlowLast quarter
$15.5M
$131.8M
Free Cash FlowOCF − Capex
$12.2M
$131.7M
FCF MarginFCF / Revenue
10.1%
83.0%
Capex IntensityCapex / Revenue
2.7%
0.1%
Cash ConversionOCF / Net Profit
3.62×
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHR
PHR
STOK
STOK
Q4 25
$15.5M
Q3 25
$14.8M
Q2 25
$14.8M
Q1 25
$131.8M
Q4 24
$-23.2M
Q2 23
$-21.8M
Free Cash Flow
PHR
PHR
STOK
STOK
Q4 25
$12.2M
Q3 25
$13.1M
Q2 25
$11.3M
Q1 25
$131.7M
Q4 24
$-23.2M
Q2 23
$-22.6M
FCF Margin
PHR
PHR
STOK
STOK
Q4 25
10.1%
Q3 25
11.1%
Q2 25
9.8%
Q1 25
83.0%
Q4 24
-102.7%
Q2 23
912.5%
Capex Intensity
PHR
PHR
STOK
STOK
Q4 25
2.7%
Q3 25
1.5%
Q2 25
3.0%
Q1 25
0.1%
Q4 24
0.2%
Q2 23
-33.8%
Cash Conversion
PHR
PHR
STOK
STOK
Q4 25
3.62×
Q3 25
22.68×
Q2 25
Q1 25
1.17×
Q4 24
Q2 23

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%

STOK
STOK

Segment breakdown not available.

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