Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 156

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 156
---
, 2024. The increase was primarily driven by higher amortization of capitalized internal-use software development costs.

Other income (expense), net Three months endedApril 30, ($ in thousands)20252024$ Change% ChangeOther income (expense), net$338 $(31)$369 (1190)%

Other income (expense), net was income of $0.3 million for the three months ended April 30, 2025 as compared to expense of less than $0.1 million for the three months ended April 30, 2024. Other income (expense), net is comprised primarily of foreign exchange gains and losses and other miscellaneous income (expense).

Interest (expense) income, net

 Three months endedApril 30, ($ in thousands)20252024$ Change% ChangeInterest (expense) income, net$(230)$239 $(469)(196)%

Interest (expense) income, net was expense of $0.2 million for the three months ended April 30, 2025, as compared to income of $0.2 million for the three months ended April 30, 2024. The decrease is primarily attributable to lower interest income earned from our cash and cash equivalent balances, partially offset by lower interest expense on our finance leases and other financing obligations.

38

Table of Contents

Provision for income taxes Three months endedApril 30, ($ in thousands)20252024$ Change% ChangeProvision for income taxes$(735)$(510)$(225)44 %

Provision for income taxes increased by $0.2 million to $0.7 million for the three months ended April 30, 2025, as compared to $0.5 million for the three months ended April 30, 2024. The increase in provision for income taxes relates primarily to an increase in Canadian and Indian income tax expense.

Non-GAAP financial measures

Adjusted EBITDA is a supplemental measure of our performance that is not required by, or presented in accordance with, GAAP. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income or loss or any other performance measure derived in accordance with GAAP, or as an alternative to cash flows from operating activities as a measure of our liquidity. We calculate Adjusted EBITDA as net income or loss before interest expense (income), net, provision for income taxes, depreciation and