Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 125

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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 other recently issued accounting pronouncements the Company has not yet adopted that will materially impact the Company's consolidated financial statements.

4. Composition of certain financial statement captions

(a) Accrued expensesAccrued expenses as of April 30, 2025 and January 31, 2025 were as follows: April 30, 2025January 31, 2025Payroll-related expenses and taxes$10,855 $12,016 Stock-based compensation liability2,963 6,135 Payment processing fees liability7,426 6,578 Acquisition-related liabilities844 844 Income and other tax liabilities3,181 2,503 Information technology5,600 4,562 Other3,190 4,822 Total$34,059 $37,460 (b) Property and equipmentProperty and equipment as of April 30, 2025 and January 31, 2025 were as follows: April 30, 2025January 31, 2025PhreesiaPads and Arrivals Kiosks$16,028 $15,763 Computer equipment80,218 77,704 Computer software14,159 14,114 Hardware development575 575 Total property and equipment$110,980 $108,156 Less: accumulated depreciation(87,488)(84,505)Property and equipment — net$23,492 $23,651 Depreciation expense related to property and equipment amounted to $2,986 and $3,524 for the three months ended April 30, 2025 and 2024, respectively.Property and equipment - net and related depreciation expense includes assets acquired under finance leases. Assets acquired under finance leases included in computer equipment was $49,009 as of April 30, 2025 and January 31, 2025. Accumulated amortization of assets under finance leases was $36,631 and $34,815 as of April 30, 2025 and January 31, 2025, respectively. See Note 10 - Leases for additional information regarding finance leases.(c) Capitalized internal-use softwareFor the three months ended April 30, 2025 and 2024, the Company capitalized $3,791 and $4,388, respectively, of costs related to the Company’s solutions.During the three months ended April 30, 2025 and 2024, amortization expense related to