Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 78

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Phreesia, Inc.

Consolidated Balance Sheets 

(in thousands, except share and per share data)July 31, 2025January 31, 2025(Unaudited)AssetsCurrent:Cash and cash equivalents$98,266 $84,220 Settlement assets28,875 29,176 Accounts receivable, net of allowance for doubtful accounts of $2,654 and $1,468 as of July 31, 2025 and January 31, 2025, respectively76,842 73,617 Deferred contract acquisition costs431 401 Prepaid expenses and other current assets18,227 15,871 Total current assets222,641 203,285 Property and equipment, net of accumulated depreciation and amortization of $90,765 and $84,505 as of July 31, 2025 and January 31, 2025, respectively22,769 23,651 Capitalized internal-use software, net of accumulated amortization of $62,272 and $55,991 as of July 31, 2025 and January 31, 2025, respectively 53,881 52,763 Operating lease right-of-use assets1,043 1,477 Deferred contract acquisition costs551 583 Intangible assets, net of accumulated amortization of $10,147 and $8,407 as of July 31, 2025 and January 31, 2025, respectively26,403 28,143 Goodwill75,845 75,845 Deferred tax asset1,640 — Other assets3,856 2,668 Total Assets$408,629 $388,415 Liabilities and Stockholders’ EquityCurrent:Settlement obligations$28,875 $29,176 Current portion of finance lease liabilities and other debt7,096 8,043 Current portion of operating lease liabilities941 964 Accounts payable6,527 5,622 Accrued expenses34,783 37,460 Deferred revenue26,913 32,758 Total current liabilities105,135 114,023 Long-term finance lease liabilities and other debt4,576 8,150 Operating lease liabilities, non-current179 646 Long-term deferred revenue81 119 Long-term deferred tax liabilities626 484 Other long-term liabilities45