Phreesia (PHR) reported late Thursday its Q2 swung to earnings of $0.01 per diluted share from a loss of $0.31 a year earlier.

Analysts polled by FactSet expected a loss of $0.06 per share.

Revenue for the quarter ended July 31 was $117.3 million, up from $102.1 million a year earlier.

Analysts polled by FactSet expected $116.5 million.

The company reiterated its fiscal 2026 revenue guidance of $472 million to $482 million. Analysts polled by FactSet expect $477.2 million.

Also, Phreesia said late Thursday that it plans to acquire AccessOne, a provider of financing solutions for healthcare receivables, in a $160 million cash transaction which is expected to close in late Q3 or early Q4 of fiscal 2026.

The acquisition will be financed using a combination of existing cash and a newly secured bridge loan, the company said.

Phreesia anticipates the transaction will contribute roughly $35 million in annualized revenue and $11 million in adjusted earnings before interest, taxes, depreciation, and amortization. Phreesia plans to update its fiscal 2026 outlook following the close of the deal.

Shares of Phreesia were down more than 11% in after-hours trading.