Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 113

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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 changes in, or cash requirements for, our working capital needs; (2) the potentially dilutive impact of non-cash stock-based compensation; (3) tax payments that may represent a reduction in cash available to us; or (4) interest expense (income), net; and

•Other companies, including companies in our industry, may calculate Adjusted EBITDA or similarly titled measures differently, which reduces its usefulness as a comparative measure.

Because of these and other limitations, you should consider Adjusted EBITDA along with other GAAP-based financial performance measures, including various cash flow metrics, net loss, and our GAAP financial results. The following table presents a reconciliation of Adjusted EBITDA to net loss for each of the periods indicated: Three months ended April 30,(in thousands, unaudited)20252024Net loss$(3,914)$(19,722)Interest expense (income), net230 (239)Provision for income taxes735 510 Depreciation and amortization6,878 6,673 Stock-based compensation expense17,225 16,840 Other (income) expense, net(338)31 Adjusted EBITDA$20,816 $4,093 

We calculate free cash flow as net cash provided by (used in) operating activities less capitalized internal-use software development costs and purchases of property and equipment.

Additionally, free cash flow is a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP. We consider free cash flow to be a liquidity measure that provides useful information to 

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management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic investments, partnerships and acquisitions and strengthening our financial position.

The following table presents a reconciliation of free cash flow from net cash provided by (used in) operating activities, the most directly comparable GAAP financial measure, for each of the periods indicated:

 Three months endedApril 30,(in thousands, unaudited)20252024Net cash provided by (used in) operating activities$14,850 $(721)Less:Capitalized internal-use software(3,888)(4,570)Purchases of property and equipment(3,504)(876)Free cash flow$7,458 $(6,167)

Liquidity and capital resources

As of April 30, 2025 and January 31,