Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 154

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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Cost of revenue (excluding depreciation and amortization) Three months endedApril 30, ($ in thousands)20252024$ Change% ChangeCost of revenue (excluding depreciation and amortization)$16,637 $15,723 $914 6 %

Cost of revenue (excluding depreciation and amortization) increased $0.9 million to $16.6 million for the three months ended April 30, 2025, as compared to $15.7 million for the three months ended April 30, 2024. The increase resulted primarily from a $2.1 million increase in other third-party costs, partially offset by a $1.2 million decrease in labor costs.

Stock compensation incurred related to cost of revenue was $1.1 million and $1.2 million for the three months ended April 30, 2025 and 2024, respectively.

Payment processing expense Three months endedApril 30, ($ in thousands)20252024$ Change% ChangePayment processing expense$21,428 $18,297 $3,131 17 %

Payment processing expense increased $3.1 million to $21.4 million for the three months ended April 30, 2025, as compared to $18.3 million for the three months ended April 30, 2024. The increase resulted primarily from the increase in payment processing fees revenue and patient payments processed through our solutions, each driven by an increase in patient visits over the prior year.

Sales and marketing Three months endedApril 30, ($ in thousands)20252024$ Change% ChangeSales and marketing$26,043 $32,011 $(5,968)(19)%

Sales and marketing expense decreased $6.0 million to $26.0 million for the three months ended April 30, 2025, as compared to $32.0 million for the three months ended April 30, 2024. The decrease resulted primarily from a $6.5 million decrease in labor costs, partially offset by a $0.6 million increase in other third-party sales and marketing costs.

Stock compensation incurred related to sales and marketing expense was $5.2 million and $5.8 million for the three months ended April 30, 2025 and 2024, respectively.

Research and development Three months endedApril 30, ($ in thousands)20252024$ Change% ChangeResearch and development$