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Client Count
Number of provider organizations using Phreesia’s platform, a direct measure of market penetration and sales effectiveness. Rising client count fuels recurring subscription revenue and validates product-market fit; plateaus or declines raise concerns about competition or customer retention.Phreesia’s client base is expanding at a steady, mid‑single‑digit pace consistent with management’s AHSC guidance, but the big quarter‑end bump in Dec‑2025 is acquisition‑driven (Access One) rather than a durable acceleration in organic net adds. Revenue per client is improving, supporting monetization, yet sequential subscription softness and greater variability in Network Solutions commitments mean organic engagement and back‑half visibility are the primary risks to converting client growth into sustainable revenue upside.
Date | Total Clients |
|---|---|
Jun 30, 2026 | 4.74K |
Mar 31, 2026 | 4.71K |
Dec 31, 2025 | 4.66K |
Sep 30, 2025 | 4.52K |
Jun 30, 2025 | 4.47K |
Mar 31, 2025 | 4.41K |
Dec 31, 2024 | 4.34K |
Sep 30, 2024 | 4.24K |
Jun 30, 2024 | 4.17K |
Mar 31, 2024 | 4.07K |