Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 166

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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 items5,2488,09312,75315,068Segment net income (loss)$654 $(18,012)$(3,260)$(37,734)

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Reconciliation of profit or lossAdjustments and reconciling items$— $— $— $— Consolidated net income (loss)$654 $(18,012)$(3,260)$(37,734)(1) Excludes stock-based compensation expense which is presented separately Other segment items include depreciation and amortization, interest income, net, income tax benefit (expense) and other income (expense), net.The total segment assets for the Technology solutions segment are equal to the total assets presented on the accompanying consolidated balance sheets. The following table presents other quantitative segment disclosures for the three and six months ended July 31, 2025 and 2024, respectively.Three months endedJuly 31,Six months endedJuly 31,2025202420252024Depreciation and amortization$7,409 $7,303 $14,287 $13,976 Interest income, net$608 $46 $378 $285 Income tax benefit (expense)$1,217 $(750)$482 $(1,260)Expenditures for long-lived assets$6,321 $6,797 $13,376 $13,733 

16. Derivative instruments and hedging activities

Cash Flow HedgesDuring the six months ended July 31, 2025, the Company entered into a foreign currency forward contract to buy Canadian Dollars in exchange for US Dollars in order to hedge the functional currency equivalent cash flows related to the Company’s Canadian Dollar denominated payroll payments. The Company designated 75% of the forward contract as a cash flow hedging instrument. The remaining 25% of the forward contract was not designated as a cash flow hedge and is being used by the Company as an economic hedge of forecasted Canadian Dollar denominated payroll payments not hedged by the designated portion of the forward contract. The Company does not hold any derivatives for trading or speculative purposes.As of July 31, 2025, the notional value of the foreign currency forward contract that the Company held to buy Canadian Dollars in exchange for US Dollars was a total of 11,500 Canadian Dollars, including a notional value of 8,625 Canadian Dollars designated as foreign currency cash flow hedges and a notional value of 2,875