Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 139

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 139
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)Present value of lease liabilities$1,358 $12,881 Other supplemental cash flow information for the three months ended April 30, 2025 was as follows:April 30, 2025Supplemental cash flow informationCash paid for amounts included in the measurement of lease liabilities:Operating cash used for operating leases$282 Operating cash used for finance leases$272 Financing cash used for finance leases$1,376 For the three months ended April 30, 2025 there were no right-of-use assets obtained in exchange for lease liabilities.(b) Phreesia as LessorIn connection with the patient intake and registration process, Phreesia offers its customers the ability to lease PhreesiaPads and Arrivals Kiosks along with their monthly subscription. The Company accounts for these rentals as leases. The Company elected the practical expedient to not separate lease and non-lease components. More 

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specifically, all contractual hardware maintenance is included with the hardware lease components. The leases contain no variable lease payments, no options to extend the lease that are reasonably certain to be exercised, and do not give the lessee an option to purchase the hardware at the end of the lease term. Additionally, the lease term does not represent a major part of the remaining economic life of the assets, and the present value of the lease payments does not equal or exceed substantially all of the fair value of the assets. As a result, all leased hardware in the SaaS arrangements are classified as operating leases.During the three months ended April 30, 2025, the Company recognized $2,419 in subscription and related services revenue related to the leasing of PhreesiaPads and Arrivals Kiosks.

Future lease payments receivable under operating leases were immaterial as of April 30, 2025, except for those with terms of one year or less. 

11. Commitments and contingencies

(a) IndemnificationsThe Company’s agreements with certain customers include certain provisions for indemnifying customers against liabilities if its services infringe a third party’s intellectual property rights. It is not possible to determine the maximum potential amount under these indemnification obligations due to the limited history of prior indemnification claims and the unique facts and circumstances that may be involved in each particular agreement. To date, the Company has not incurred any material costs as a result of such provisions and has not accrued any liabilities related to such obligations in its consolidated financial statements.In addition, the