Phreesia Implements Restructuring Plan, Eliminates ~220 Positions To Reduce Operating Expenses And Align Costs With Business Priorities; Expects Plan Costs To Be Immaterial And Incurred In Fiscal Year 2027

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.