Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 144

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 144
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 does not have inter-segment sales or transfers. Additionally, the measure of segment profit for the Technology solutions segment is equal to the Company’s net loss presented on the accompanying 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 loss.Three months endedApril 30,20252024Revenue$115,936 $101,217 Labor costs (1)49,99258,025Payment processing expense21,42818,297Third-party non-labor operating expenses23,70020,802Stock-based compensation17,22516,840Other segment items7,5056,975Segment net loss$(3,914)$(19,722)Reconciliation of profit or lossAdjustments and reconciling items$— $— Consolidated net loss$(3,914)$(19,722)(1) Excludes stock-based compensation expense which is presented separately Other segment items include depreciation and amortization, interest income, net, provision for income taxes 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 months ended April 30, 2025 and 2024, respectively.Three months endedApril 30,20252024Depreciation and amortization$6,878 $6,673 Interest (expense) income, net$(230)$239 Provision for income taxes$(735)$(510)Expenditures for long-lived assets$7,055 $6,936 

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Table of Contents

16. Derivative instruments and hedging activities

Cash Flow HedgesDuring the three months ended April 30, 2025, the Company entered into a foreign currency forward contract 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 designated 75% of the forward contract as a cash flow hedging instrument. The remaining 25% of the forward contract was not designated as a cash flow hedge and is being used by the Company as an economic hedge of forecasted Canadian Dollar denominated payroll payments not hedged by the designated portion of the forward contract. The Company does not hold any derivatives for trading or speculative purposes.As of April 30, 2025,