Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 154

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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 the Company's consolidated financial statements.

19

4. Composition of certain financial statement captions

(a) Accrued expensesAccrued expenses as of October 31, 2025 and January 31, 2025 were as follows: October 31, 2025January 31, 2025Payroll-related expenses and taxes$6,911 $12,016 Stock-based compensation liability4,082 6,135 Payment processing fees liability6,785 6,578 Acquisition-related liabilities151 844 Income and other tax liabilities2,732 2,503 Information technology5,377 4,562 Other4,479 4,822 Total$30,517 $37,460 (b) Property and equipmentProperty and equipment as of October 31, 2025 and January 31, 2025 were as follows: October 31, 2025January 31, 2025PhreesiaPads and Arrivals Kiosks$16,340 $15,763 Computer equipment83,816 77,704 Computer software14,222 14,114 Hardware development575 575 Total property and equipment$114,953 $108,156 Less: accumulated depreciation(93,842)(84,505)Property and equipment — net$21,111 $23,651 Depreciation expense related to property and equipment amounted to $3,199 and $3,566 for the three months ended October 31, 2025 and 2024, respectively, and $9,464 and $11,011 for the nine months ended October 31, 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 October 31, 2025 and January 31, 2025. Accumulated amortization of assets under finance leases was $40,280 and $34,815 as of October 31, 2025 and January 31, 2025, respectively. See Note 10 - Leases for additional information regarding finance leases.(c) Capitalized internal-use softwareFor the nine months ended October 31, 2025 and 2024, the Company capitalized $11,020 and $12,625, respectively, of costs related to the Company’s solutions.During the nine months ended October