Phreesia (PHR) Revenue by Segment

Breakdown of revenue across software subscriptions, payment services, and professional services, revealing which parts of the business drive growth and margins. Shifts between segments indicate strategic progress—such as moving toward higher-margin software—or increasing reliance on lower-margin services.

Subscription revenue — Phreesia’s steadier, higher‑margin recurring base — has flattened and dipped sequentially in the latest quarter, reflecting deliberate pricing moderation and a tough prior‑year comp, which raises near‑term predictability risk. By contrast Payment Processing Fees have surged (driving most recent quarter’s growth) largely from the Access One acquisition and higher managed payments, shifting the growth mix toward transaction‑driven revenue. Network Solutions is growing but more variable, leaving back‑half guidance sensitive to client spend; restructuring and financing steps help liquidity but don’t remove acquisition‑driven growth risk.