Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 176

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 176
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 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 derivatives for trading or speculative purposes.As of October 31, 2025, the notional value of the foreign currency forward contracts that the Company held to buy Canadian Dollars in exchange for US Dollars was a total of 29,900 Canadian Dollars, including a notional value of 26,910 Canadian Dollars designated as foreign currency cash flow hedges and a notional value of 2,990 not designated as hedges.The fair values of outstanding derivative foreign currency forward contract were as follows:Consolidated balance sheet locationOctober 31, 2025January 31, 2025Foreign currency cash flow hedgesAccrued expenses$225 $— Non-designated hedgesAccrued expenses25 — The effect of derivative instruments on the Company’s consolidated statements of operations were as follows:Consolidated statements of operations locationThree months endedOctober 31,Nine months endedOctober 31,2025202420252024Foreign currency cash flow hedgesExpenses$(183)$— $(322)$— Foreign currency cash flow hedgesIncome tax benefit (expense)— — — — Non-designated hedgesOther income (expense), net(28)— 207 — Pre-tax gains (losses) associated with cash flow hedges were as follows:

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Consolidated statements of operations and Statements of comprehensive income (loss) locationsThree months endedOctober 31,Nine months endedOctober 31, 2025202420252024Gain (loss) recognized in accumulated other comprehensive income (included in assessment of effectiveness)Unrealized gain (loss) on cash flow hedge$(250)$— $97 $— Gains reclassified from accumulated other comprehensive income into income (effective portion)Expenses(183)— (322)— Tax effect reclassified from accumulated other comprehensive income into income (effective portion)Income tax expense— — — — As of October 31, 2025, the foreign currency forward contract had a maturity of 6 months. As of October 31, 2025, the Company estimates that the entire $225 of the net loss 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