Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 90

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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 for annual periods beginning after December 15, 2025, and interim periods within those years, with early adoption permitted. The Company is currently evaluating the impact that ASU 2025-05 will have on its financial statements and related disclosures.There are no other recently issued accounting pronouncements the Company has not yet adopted that will materially impact the Company's consolidated financial statements.

4. Composition of certain financial statement captions

(a) Accrued expensesAccrued expenses as of July 31, 2025 and January 31, 2025 were as follows: July 31, 2025January 31, 2025Payroll-related expenses and taxes$8,842 $12,016 Stock-based compensation liability5,516 6,135 Payment processing fees liability6,746 6,578 Acquisition-related liabilities844 844 Income and other tax liabilities2,241 2,503 Information technology5,805 4,562 Other4,789 4,822 Total$34,783 $37,460 (b) Property and equipmentProperty and equipment as of July 31, 2025 and January 31, 2025 were as follows: July 31, 2025January 31, 2025PhreesiaPads and Arrivals Kiosks$15,608 $15,763 Computer equipment81,360 77,704 Computer software15,991 14,114 Hardware development575 575 Total property and equipment$113,534 $108,156 Less: accumulated depreciation(90,765)(84,505)Property and equipment — net$22,769 $23,651 

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Table of Contents

Depreciation expense related to property and equipment amounted to $3,279 and $3,921 for the three months ended July 31, 2025 and 2024, respectively, and $6,265 and $7,445 for the six months ended July 31, 2025 and 2024, respectively.Property and equipment - net and related depreciation expense includes assets acquired under finance leases. Assets acquired under finance leases included in computer equipment was $49,009 as of July 31, 2025 and January 31, 2025. Accumulated amortization of assets under finance leases was $38,500 and $34,815 as of July 31, 2025 and January 31,