Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 141

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 1
Chunk 141
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,785 $45,152 $16,125 Net cash used in investing activities(6,666)(4,182)(19,260)(17,031)Net cash used in financing activities(667)(1,651)(3,654)(4,857)Effect of exchange rate changes on cash and cash equivalents(29)(10)(87)(17)Net increase (decrease) in cash and cash equivalents$8,105 $(58)$22,151 $(5,780)

Operating activities

The primary sources of cash from operating activities are cash received from our customers and interest earned on our money market mutual funds. The primary uses of cash for operating activities are for payroll, payments to suppliers, payments for operating leases, as well as cash paid for interest on our finance leases and other borrowings and cash paid for various sales, property and income taxes.

During the three and nine months ended October 31, 2025, net cash provided by operating activities was $15.5 million and $45.2 million, respectively, as our cash received from customers in connection with our normal operations exceeded our cash paid to employees and suppliers.

During the three and nine months ended October 31, 2024, net cash provided by operating activities was $5.8 million and $16.1 million, respectively, as our cash received from customers in connection with our normal operations exceeded our cash paid to employees and suppliers.

The change in net cash provided by operating activities was driven primarily by an increase in cash received from customers driven by higher revenues during the three and nine months ended October 31, 2025.

Investing activities

During the three months ended October 31, 2025, net cash used in investing activities was $6.7 million, principally resulting from capital expenditures, the majority of which consisted of $3.4 million of capitalized internal-use software costs, as well as $3.3 million of purchases of property and equipment, principally for software and computer equipment.

During the three months ended October 31, 2024, net cash used in investing activities was $4.2 million, principally resulting from capital expenditures, the majority of which consisted of $3.6 million of capitalized internal-use software costs, as well as $0.6 million of purchases of property and equipment, primarily for computer equipment.

During the nine months ended October 31, 2025, net cash used in investing activities was $19.3 million, principally resulting from capital expenditures, the majority