Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 124

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 1
Chunk 124
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 amortization)$17,398 $16,143 $1,255 8 %

Cost of revenue (excluding depreciation and amortization) increased $1.3 million to $17.4 million for the three months ended July 31, 2025, as compared to $16.1 million for the three months ended July 31, 2024. The increase resulted primarily from a $2.8 million increase in other third-party costs, partially offset by a $1.6 million decrease in labor costs.

Stock compensation incurred related to cost of revenue was $0.9 million and $1.2 million for the three months ended July 31, 2025 and 2024, respectively.

 Six months endedJuly 31, ($ in thousands)20252024$ Change% ChangeCost of revenue (excluding depreciation and amortization)$34,035 $31,866 $2,169 7 %

Cost of revenue (excluding depreciation and amortization) increased $2.2 million to $34.0 million for the six months ended July 31, 2025, as compared to $31.9 million for the six months ended July 31, 2024. The increase resulted primarily from a $5.0 million increase in other third-party costs, partially offset by a $2.8 million decrease in labor costs.

Stock compensation incurred related to cost of revenue was $2.0 million and $2.5 million for the six months ended July 31, 2025 and 2024, respectively.

Payment processing expense Three months endedJuly 31, ($ in thousands)20252024$ Change% ChangePayment processing expense$20,243 $16,668 $3,575 21 %

Payment processing expense increased $3.6 million to $20.2 million for the three months ended July 31, 2025, as compared to $16.7 million for the three months ended July 31, 2024. The increase resulted primarily from the increase in payment processing fees revenue and patient payments processed through our solutions, each driven by an increase in patient visits over the prior year.

 Six months endedJuly 31, ($ in thousands)20252024$ Change% ChangePayment processing expense$41,671 $34,965 $6,706 19 %

Payment processing expense increased $6.7 million to $41.7 million for the six