Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 28

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 28
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2023$33,736 Goodwill acquired during the year ended January 31, 202442,109 Balance, January 31, 2024$75,845 Balance, January 31, 2025$75,845 During the quarter ended October 31, 2023, the Company completed its quarterly triggering event assessments and determined that the decline in the market value of its publicly-traded stock, which resulted in a corresponding decline in its market capitalization, constituted a triggering event. Due to the decline in the Company’s market capitalization during the quarter ended October 31, 2023 the Company evaluated whether changes in the 

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Company’s market capitalization indicated that the carrying value of goodwill in the Company’s single reporting unit was impaired. As of October 31, 2023, the Company’s market capitalization exceeded the carrying value of the Company’s equity by over 100%. As a result, the Company did not believe that changes in the Company’s market capitalization during the quarter ended October 31, 2023 indicated that that the carrying amount of the Company’s goodwill was impaired as of October 31, 2023. As of January 31, 2024, the Company's market capitalization also exceeded the carrying amount of the Company's equity by over 100%. As a result, the Company did not believe that the Company’s goodwill was impaired as of January 31, 2024. No other triggering events occurred during fiscal 2024 or 2025.As of January 31, 2025, the Company determined that it was more likely than not that the fair value of its single reporting unit exceeded its carrying value. As a result, the Company did not believe that the Company’s goodwill was impaired as of January 31, 2025.The Company did not record any impairments of goodwill during the years ended January 31, 2025, 2024 or 2023. (f) Accounts receivableAccounts Receivable as of January 31, 2025 and 2024 are as follows:January 31,20252024Billed$70,342 $62,880 Unbilled4,743 3,375 Total accounts receivable, gross$75,085 $66,255 Less: accounts receivable allowances(1,468)(1,392)Total accounts receivable$73,617 $64,863 Activity in the Company's allowance for doubtful accounts was