Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 114

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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 assets and deferred tax liabilities are recognized based on temporary differences between the financial reporting and tax basis of assets and liabilities using statutory rates. Management of the Company has evaluated the positive and negative evidence pertaining to the realizability of its deferred tax assets, including the Company’s history of losses, and concluded that it is more likely than not that the Company will not recognize the benefits for its U.S. deferred tax assets. On the basis of this evaluation, the Company has recorded a valuation allowance against its deferred tax assets that are not more likely than not to be realized at both October 31, 2025 and January 31, 2025.On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act ("OBBBA"). The Company has reflected the estimated impact of the OBBBA in the year-to-date tax provision as of October 31, 2025. Further analysis will be performed through year-end; however, it is not expected to have a material impact on the Company’s effective tax rate due to the valuation allowance position recorded against the Company’s deferred tax assets that are not more likely than not to be realized.

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13. Net income (loss) per share attributable to common stockholders

(a) Net income (loss) per share attributable to common stockholdersBasic and diluted net income (loss) per share attributable to common stockholders was calculated as follows: Three months endedOctober 31,Nine months endedOctober 31,2025202420252024Basic net income (loss) per shareNumerator:Net income (loss)$4,271 $(14,403)$1,011 $(52,137)Denominator:Weighted-average shares of common stock outstanding, basic60,008,780 57,891,591 59,513,478 57,358,637 Basic net income (loss) per share attributable to common stockholders:$0.07 $(0.25)$0.02 $(0.91)Diluted net income (loss) per shareNumerator:Net income (loss)$4,271 $(14,403)$1,011 $(52,137)Denominator:Number of shares used for basic net income (loss) per computation60,008,780 57,891,591 59,513,478 57,358,637 RSUs756,362 — 802,462 — Stock options549,127 — 605,603 —