Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 169

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 7
Chunk 169
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 of healthcare costs to patients. We measure patient payment volume as the total dollar volume of transactions between our healthcare services clients and their patients utilizing our payment platform, including via credit and debit cards that we process as a payment 

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facilitator as well as cash and check payments and credit and debit transactions for which we act as a gateway to other payment processors.

•Payment facilitator volume percentage. We define payment facilitator volume percentage as the volume of credit and debit card patient payment volume that we process as a payment facilitator as a percentage of total patient payment volume. Payment facilitator volume is a major driver of our payment processing revenue. 

Results of operations

The following tables set forth our results of operations for the periods presented and as a percentage of revenue for those periods:

For the fiscal years ended January 31,For the fiscal years ended January 31,(in thousands)2025202420252024RevenueSubscription and related services$196,510 $165,436 47 %46 %Payment processing fees101,740 94,610 24 %27 %Network solutions121,563 96,253 29 %27 %Total revenues419,813 356,299 100 %100 %ExpensesCost of revenue (excluding depreciation and amortization)66,227 61,025 16 %17 %Payment processing expense68,707 62,986 16 %18 %Sales and marketing121,129 147,008 29 %41 %Research and development117,364 112,346 28 %32 %General and administrative76,597 79,926 18 %22 %Depreciation14,183 17,584 3 %5 %Amortization13,703 11,903 3 %3 %Total expenses477,910 492,778 114 %138 %Operating loss(58,097)(136,479)(14)%(38)%Other income, net1,956 44 — %— %Loss on extinguishment of debt— (1,118)— %— %Interest income, net330 2,211 — %1 %Total other income, net2,286 1,137 1 %— %Loss before provision for income taxes(55,811)(135,342)(13)%(38)%Provision for income taxes(2,716