Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 160

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 160
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. The primary uses of cash for operating activities are for payroll, payments to suppliers, payments for operating leases, as well as cash paid for interest on our finance leases and other borrowings and cash paid for various sales, property and income taxes.

During the three months ended April 30, 2025, net cash provided by operating activities was $14.9 million, as our cash received from customers in connection with our normal operations exceeded our cash paid to employees and suppliers.

During the three months ended April 30, 2024, net cash used in operating activities was $0.7 million, as our cash paid to employees and suppliers exceeded our cash received from customers in connection with our normal operations.

The change in net cash provided by (used in) operating activities was driven primarily by an increase in cash received from customers driven by higher revenues during the three months ended April 30, 2025.

Investing activities

During the three months ended April 30, 2025, net cash used in investing activities was $7.4 million, principally resulting from $3.9 million of capitalized internal-use software costs, as well as $3.5 million of purchases of property and equipment, primarily computer equipment.

During the three months ended April 30, 2024, net cash used in investing activities was $5.4 million, principally resulting from capital expenditures, the majority of which consisted of $4.6 million of capitalized internal-use software costs, as well as $0.9 million of purchases of property and equipment, principally for software and computer equipment.

The increase in cash used in investing activities was partially driven by the Company’s first quarter fiscal 2026 decision to directly purchase data center equipment instead of entering into a new finance lease.

Financing activities

During the three months ended April 30, 2025, net cash used in financing activities was $0.8 million, primarily consisting of $1.7 million used for principal payments on finance leases and financing arrangements, partially offset by $0.9 million in proceeds from our equity compensation plans.

During the three months ended April 30, 2024, net cash used in financing activities was $1.8 million, primarily consisting of $1.6 million used for principal payments on finance leases and financing arrangements and $1.4 million used for principal payments on acquisition-related liabilities, partially offset by $1.3 million in proceeds from our equity compensation plans.

Material cash requirements

Our material cash requirements relate to human capital, contractual purchase