Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 147

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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. (e) Accounts receivable

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Table of Contents

Accounts receivable as of July 31, 2025 and January 31, 2025 were as follows: July 31, 2025January 31, 2025Billed$72,448 $70,342 Unbilled7,048 4,743 Total accounts receivable, gross$79,496 $75,085 Less: accounts receivable allowances(2,654)(1,468)Total accounts receivable$76,842 $73,617 Activity in the Company's allowance for doubtful accounts was as follows for the six months ended July 31, 2025: July 31, 2025Balance, January 31, 2025$1,468 Bad debt expense1,204 Write-offs and adjustments(18)Balance, July 31, 2025$2,654 The Company’s allowance for doubtful accounts represents the current estimate of expected future losses based on prior bad debt experience as well as considerations for specific customers as applicable. The Company's accounts receivable are considered past due when they are outstanding past the due date listed on the invoice to the customer. Activity in the allowance for doubtful accounts and write-offs of accounts receivable were not material for the three months ended July 31, 2025 and 2024.(f) Prepaid and other current assetsPrepaid and other current assets as of July 31, 2025 and January 31, 2025 were as follows: July 31, 2025January 31, 2025Prepaid software and business systems$8,040 $6,849 Prepaid data center expenses4,084 3,558 Prepaid insurance157 912 Other prepaid expenses and other current assets5,946 4,552 Total prepaid and other current assets$18,227 $15,871 (g) Cloud computing implementation costs The Company enters into cloud computing service contracts to support its sales and marketing, product development and administrative activities. The Company capitalizes certain implementation costs for cloud computing arrangements that meet the definition of a service contract. The Company includes these capitalized implementation costs within prepaid expenses and other current assets and within other assets on its consolidated balance sheets. Once placed in service, the Company amortizes these costs over the remaining subscription term to the same caption in the consolidated statements of operations as the related cloud subscription. Capitalized implementation costs for