Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 117

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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 consolidated statements of operations.The following table presents the Company’s segment revenue, segment profit (loss), significant segment expenses, and other segment items, as well as a reconciliation from segment profit (loss) to consolidated net income (loss).Three months endedOctober 31,Nine months endedOctober 31,2025202420252024Revenue$120,333 $106,800 $353,524 $310,132 Labor costs (1)45,39356,010142,583171,490Payment processing expense19,68916,68361,36051,648Third-party non-labor operating expenses26,10224,33877,48466,603Stock-based compensation15,95916,52549,41449,813Other segment items8,9197,64721,67222,715Segment net income (loss)$4,271 $(14,403)$1,011 $(52,137)

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Reconciliation of profit or lossAdjustments and reconciling items$— $— $— $— Consolidated net income (loss)$4,271 $(14,403)$1,011 $(52,137)(1) Excludes stock-based compensation expense which is presented separately Other segment items include depreciation and amortization, interest income, net, income tax 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 nine months ended October 31, 2025 and 2024, respectively.Three months endedOctober 31,Nine months endedOctober 31,2025202420252024Depreciation and amortization$7,478 $7,087 $21,765 $21,063 Interest income, net$380 $26 $758 $311 Income tax expense$(854)$(442)$(372)$(1,702)Expenditures for long-lived assets$5,398 $6,511 $18,774 $20,244 

16. Derivative instruments and hedging activities

Cash Flow HedgesDuring the nine months ended October 31, 2025, the Company entered into two foreign currency forward contracts 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 does not hold any