Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 145

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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 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 25,300 Canadian Dollars, including a notional value of 18,975 Canadian Dollars designated as foreign currency cash flow hedges and a notional value of 6,325 not designated as hedges.The fair values of outstanding derivative foreign currency forward contract was as follows:Consolidated balance sheet locationApril 30, 2025January 31, 2025Foreign currency cash flow hedgesPrepaid expenses and other current assets$461 $— Non-designated hedgesPrepaid expenses and other current assets153 — The effect of derivative instruments on the Company’s consolidated statements of operations were as follows:Consolidated statements of operations locationThree months ended April 30,20252024Foreign currency cash flow hedgesExpenses$20 $— Foreign currency cash flow hedgesProvision for income taxes— — Non-designated hedgesOther income (expense), net249 — Pre-tax gains (losses) associated with cash flow hedges were as follows:Consolidated statements of operations and Statements of comprehensive loss locationsThree months ended April 30, 20252024Gains recognized in accumulated other comprehensive income (included in assessment of effectiveness)Unrealized gain on cash flow hedge$387 $— Losses reclassified from accumulated other comprehensive income into income (effective portion)Expenses20 — Tax effect reclassified from accumulated other comprehensive income into income (effective portion)Provision for income taxes— —  As of April 30, 2025, the foreign currency forward contract had a maturity of less than 6 months. As of April 30, 2025, the Company estimates that the entire $407 of the net gain recorded in accumulated other comprehensive income (loss) related to its foreign currency cash flow hedge will be reclassified into income within the next 12 months.See Note 3 - Summary of significant accounting policies and Note 9 - Fair value measurements for additional disclosures for derivatives and hedging.

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Table of Contents

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You should read the following discussion and analysis of our financial condition and results of operations together with our unaudited consolidated financial statements and related notes and other financial information appearing elsewhere in this Quarterly Report on Form 10-Q and our financial statements and related