Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 71

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Phreesia, Inc.

Consolidated Balance Sheets

(in thousands, except share and per share data)April 30, 2025January 31, 2025(Unaudited)AssetsCurrent:Cash and cash equivalents$90,871 $84,220 Settlement assets33,006 29,176 Accounts receivable, net of allowance for doubtful accounts of $1,811 and $1,468 as of April 30, 2025 and January 31, 2025, respectively75,099 73,617 Deferred contract acquisition costs414 401 Prepaid expenses and other current assets16,019 15,871 Total current assets215,409 203,285 Property and equipment, net of accumulated depreciation and amortization of $87,488 and $84,505 as of April 30, 2025 and January 31, 2025, respectively23,492 23,651 Capitalized internal-use software, net of accumulated amortization of $59,013 and $55,991 as of April 30, 2025 and January 31, 2025, respectively 53,531 52,763 Operating lease right-of-use assets1,262 1,477 Deferred contract acquisition costs460 583 Intangible assets, net of accumulated amortization of $9,277 and $8,407 as of April 30, 2025 and January 31, 2025, respectively27,273 28,143 Goodwill75,845 75,845 Other assets3,123 2,668 Total Assets$400,395 $388,415 Liabilities and Stockholders’ EquityCurrent:Settlement obligations$33,006 $29,176 Current portion of finance lease liabilities and other debt8,348 8,043 Current portion of operating lease liabilities957 964 Accounts payable3,204 5,622 Accrued expenses34,059 37,460 Deferred revenue31,146 32,758 Total current liabilities110,720 114,023 Long-term finance lease liabilities and other debt6,162 8,150 Operating lease liabilities, non-current401 646 Long-term deferred revenue112 119 Long-term deferred tax liabilities568 484 Other long-term liabilities246 185 Total Liabilities118,209