Company: PHR
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001412408-25-000010
Chunk: 31

Company: Phreesia, Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 31
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,743 $3,375 The following table represents a roll-forward of deferred revenue: January 31,20252024Beginning balance$24,210 $17,813 Revenue recognized that was included in deferred revenue at the beginning of the period(23,335)(17,388)Deferred revenue added from acquisitions— 5,665 Other current year activity in deferred revenue32,002 18,120 Ending balance$32,877 $24,210 (d) Cost to obtain a contractThe Company capitalizes certain incremental costs to obtain customer contracts and amortizes these costs over a period of benefit that the Company has estimated to be three to five years. The Company determined the period of benefit by taking into consideration its customer contracts, its technology and other factors. Amortization expense is included in sales and marketing expenses in the accompanying consolidated statements of operations and totaled $1,815 and $1,056 for the years ended January 31, 2025 and 2024, respectively. The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. During the year ended January 31, 2025, the Company updated its estimate of the period of benefit from five years to three years for certain deferred contract acquisition costs. The Company recorded $1,198 of additional amortization during the year ended January 31, 2025 to amortize deferred contract amortization costs over their updated remaining period of benefit. There were no impairment losses recorded during the periods presented.The following table represents a roll-forward of deferred contract acquisition costs:January 31,20252024Beginning balance$1,754 $2,810 Additions to deferred contract acquisition costs1,045 — Amortization of deferred contract acquisition costs(1,815)(1,056)Ending balance$984 $1,754 Deferred contract acquisition costs, current (to be amortized in next 12 months)$401 $768 Deferred contract acquisition costs, non-current583 986 Total deferred contract acquisition costs$984 $1,754 

95

6. Finance leases and other debt

As of January 31, 2025 and 2024, the Company had the following outstanding finance lease liabilities and other debt:January 31,20252024Finance leases$14,256 $8,309 Financing arrangements1,913 3,124 Accrued interest and payments24