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Side-by-side financial comparison of Phreesia, Inc. (PHR) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($247.3M vs $120.3M, roughly 2.1× Phreesia, Inc.). WORKIVA INC runs the higher net margin — 7.7% vs 3.5%, a 4.1% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs 12.7%). WORKIVA INC produced more free cash flow last quarter ($25.7M 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
PHR vs WK — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.3M | $247.3M |
| Net Profit | $4.3M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | 3.1% | 25.8% |
| Net Margin | 3.5% | 7.7% |
| Revenue YoY | 12.7% | 19.9% |
| Net Profit YoY | 129.7% | — |
| EPS (diluted) | $0.07 | $0.33 |
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.
| Q1 26 | — | $247.3M | ||
| Q4 25 | $120.3M | $238.9M | ||
| Q3 25 | $117.3M | $224.2M | ||
| Q2 25 | $115.9M | $215.2M | ||
| Q1 25 | — | $206.3M | ||
| Q4 24 | — | $199.9M | ||
| Q3 24 | — | $185.6M | ||
| Q2 24 | — | $177.5M |
| Q1 26 | — | $19.0M | ||
| Q4 25 | $4.3M | $11.8M | ||
| Q3 25 | $654.0K | $2.8M | ||
| Q2 25 | $-3.9M | $-19.4M | ||
| Q1 25 | — | $-21.4M | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | — | $-17.0M | ||
| Q2 24 | — | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | 3.1% | 3.3% | ||
| Q3 25 | -1.3% | -1.5% | ||
| Q2 25 | -2.8% | -10.3% | ||
| Q1 25 | — | -12.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -13.0% |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 3.5% | 4.9% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | -3.4% | -9.0% | ||
| Q1 25 | — | -10.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | — | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | $0.07 | $0.21 | ||
| Q3 25 | $0.01 | $0.05 | ||
| Q2 25 | $-0.07 | $-0.35 | ||
| Q1 25 | — | $-0.38 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $-0.31 | ||
| Q2 24 | — | $-0.32 |
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 | $334.3M |
| Total DebtLower is stronger | $3.4M | — |
| Stockholders' EquityBook value | $320.3M | — |
| Total Assets | $423.5M | $1.4B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | $106.4M | $338.8M | ||
| Q3 25 | $98.3M | $315.9M | ||
| Q2 25 | $90.9M | $284.3M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | — | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | $3.4M | — | ||
| Q3 25 | $4.6M | — | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $320.3M | $-5.4M | ||
| Q3 25 | $298.0M | $-36.9M | ||
| Q2 25 | $282.2M | $-66.5M | ||
| Q1 25 | — | $-75.7M | ||
| Q4 24 | — | $-41.7M | ||
| Q3 24 | — | $-50.8M | ||
| Q2 24 | — | $-77.7M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $423.5M | $1.5B | ||
| Q3 25 | $408.6M | $1.4B | ||
| Q2 25 | $400.4M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $12.2M | $25.7M |
| FCF MarginFCF / Revenue | 10.1% | 10.4% |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | 3.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $15.5M | $51.0M | ||
| Q3 25 | $14.8M | $46.2M | ||
| Q2 25 | $14.8M | $50.3M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | — | $44.0M | ||
| Q3 24 | — | $18.9M | ||
| Q2 24 | — | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $12.2M | $50.7M | ||
| Q3 25 | $13.1M | $46.1M | ||
| Q2 25 | $11.3M | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 10.1% | 21.2% | ||
| Q3 25 | 11.1% | 20.5% | ||
| Q2 25 | 9.8% | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 0.1% | ||
| Q3 25 | 1.5% | 0.0% | ||
| Q2 25 | 3.0% | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.62× | 4.31× | ||
| Q3 25 | 22.68× | 16.57× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
