Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 110

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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 renewal clauses. The Company has also entered into various finance lease arrangements for computer equipment. These agreements are typically three years and are secured by the underlying equipment.For office leases and leased equipment, the Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance, utilities and equipment maintenance.As of October 31, 2025, for operating leases, the weighted-average remaining lease term was 1.1 years and the weighted-average discount rate is 6.5%. As of October 31, 2025, for finance leases, the weighted-average remaining lease term was 1.5 years, and the weighted-average discount rate is 7.8%.The components of lease expense for the nine months ended October 31, 2025 were as follows:October 31, 2025Operating leases:Operating lease cost$732 Variable lease cost— Total operating lease cost$732 Finance leases:Amortization of right-of-use assets$5,465 Interest on lease liabilities711 Total finance lease cost$6,176 Amortization of right-of-use assets for finance leases is included within depreciation expense on the Company's consolidated statements of operations.The following represents a schedule of maturing lease commitments for operating and finance leases as of October 31, 2025:October 31, 2025OperatingFinanceMaturity of lease liabilities2026 (remaining three months)$247 $1,324 Fiscal year ending January 31,2027583 5,688 202885 2,169 2029— — 2030— — Thereafter— — Total future minimum lease payments$915 $9,181 Less: interest(37)(593)Present value of lease liabilities$878 $8,588 Other supplemental cash flow information for the nine months ended October 31, 2025 was as follows:October 31, 2025Supplemental cash flow informationCash paid for amounts included in the measurement of lease liabilities:Operating cash used for operating leases$799 Operating cash used for finance leases$711 Financing cash used for finance leases$5,669 

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For the three and nine months ended October 31, 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,