Phreesia, Inc 8-K, filed May 11, 2026
Phreesia, Inc. (PHR)
8-K
2026-05-11
For: 2026-05-07
View Original
Added on
May 11, 2026
About this 8-K
Phreesia, Inc filed this 8-K on May 11, 2026, reporting on events of May 7, 2026.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
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(Address of principal executive offices and zip code)
(888 ) 654-7473
(Registrant's telephone number, including area code)
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Item 8.01 Other Events.
On May 7, 2026, Phreesia, Inc. (the “Company”) implemented a restructuring plan intended to reduce operating expenses and better align the Company’s cost structure with its current business priorities. The plan includes the recent elimination of approximately 220 positions, approximately half of which are contractor roles. The Company does not expect the costs associated with the plan to be material and expects such costs to be incurred primarily during fiscal year 2027. The Company expects the plan to result in meaningful annualized run-rate expense savings, which were reflected in the Company’s Adjusted EBITDA outlook for fiscal year 2027 provided on March 30, 2026.
The Company’s expectations regarding costs and savings in connection with the plan are subject to assumptions, and actual amounts may differ materially from these expectations. The Company may also incur costs not currently contemplated due to events that could occur in connection with the plan.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s restructuring plan, expectations regarding the materiality of costs associated with the plan and timing of such costs, expected annualized run-rate expense savings and Adjusted EBITDA outlook. These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including risks related to the Company’s ability to implement the plan as currently anticipated, the timing and amount of costs incurred, the Company’s ability to realize the expected expense savings, the impact of the plan on the Company’s business and operations, and other risks described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements, except as required by law.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 11, 2026 | Phreesia, Inc. | |||||||
| By: | /s/ Balaji Gandhi | |||||||
| Name: | Balaji Gandhi | |||||||
| Title: | Chief Financial Officer | |||||||