Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 80

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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-40): Disaggregation of Income Statement Expenses, Clarifying the Effective Date. The new standards require companies to disclose disaggregated information about certain income statement expense line items. The provisions of ASU 2024-03, as amended by ASU 2025-01, are effective for annual periods beginning after December 15, 2026, and interim reporting periods in fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company plans to adopt ASU 2024-03 and ASU 2025-01 for annual periods beginning in the fiscal year ending January 31, 2028 and for interim periods beginning in the fiscal year ending January 31, 2029. The Company is currently evaluating the impact that ASU 2024-03 and ASU 2025-01 will have on its financial statements and related disclosures. The Company does not expect the disclosure changes 

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that result from the adoption of ASU 2024-03 and ASU 2025-01 to materially impact its consolidated financial statements.There are no other recently issued accounting pronouncements the Company has not yet adopted that will materially impact the Company's consolidated financial statements.

4. Composition of certain financial statement captions

(a) Accrued expensesAccrued expenses as of April 30, 2025 and January 31, 2025 were as follows: April 30, 2025January 31, 2025Payroll-related expenses and taxes$10,855 $12,016 Stock-based compensation liability2,963 6,135 Payment processing fees liability7,426 6,578 Acquisition-related liabilities844 844 Income and other tax liabilities3,181 2,503 Information technology5,600 4,562 Other3,190 4,822 Total$34,059 $37,460 (b) Property and equipmentProperty and equipment as of April 30, 2025 and January 31, 2025 were as follows: April 30, 2025January 31, 2025PhreesiaPads and Arrivals Kiosks$16,028 $15,763 Computer equipment80,218 77,704 Computer software14,159 14,114 Hardware development575 575 Total property and equipment$110,980 $108,156 Less: accumulated depreciation(87,488)(84