Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 43

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 43
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 each item within the fair value hierarchy: Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Balance as of January 31, 2024 Money market mutual funds$58,942 $— $— $58,942 Total assets$58,942 $— $— $58,942 The carrying value of the Company’s short-term financial instruments, including accounts receivable and accounts payable approximate fair value due to the short-term nature of these instruments. As of January 31, 2025, the carrying value of the Company's debt approximated fair value because the interest rates approximated market rates and the related maturities are relatively short-term. The Company did not have any transfers of assets and liabilities between levels of the fair value measurement hierarchy during both the years ended January 31, 2025 and 2024.

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10. Leases

(a) Phreesia as LesseeThe Company leases third-party data center space and office space in the U.S under operating leases that expire on various dates through July 2027. Certain of these arrangements have escalating rent payment provisions or optional renewal clauses. The table below only considers lease obligations through the renewal date as the Company is not reasonably certain to elect the option to extend its leases beyond the option date. No arrangements contain residual value guarantees or restrictions imposed on the leases. The Company is also committed to pay a portion of the actual operating expenses under certain of these lease agreements. These operating expenses are not included in the table below.The Company has also entered into various finance lease arrangements for computer equipment. These agreements are typically for three to five years and are secured by the underlying equipment.Supplemental balance sheet information related to operating and finance leases as of January 31, 2025 and 2024 was as follows:

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Table of Contents

January 31,20252024Operating leases:Lease right-of-use assets$1,477 $266 Lease liabilities, current$964 $393 Lease liabilities, non-current646 134 Total operating lease liabilities$1,610 $527 Finance leases:Property and equipment, at cost$49,009 $35,250 Accumulated depreciation(34,815)(27,399)Property and equipment, net$14,194 $7,851 Lease liabilities, current (included