Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 94

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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 the weighted-average discount rate is 7.7%.The components of lease expense for the three months ended April 30, 2025 were as follows:April 30, 2025Operating leases:Operating lease cost$245 Variable lease cost— Total operating lease cost$245 Finance leases:Amortization of right-of-use assets$1,817 Interest on lease liabilities272 Total finance lease cost$2,089 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 April 30, 2025:April 30, 2025OperatingFinanceMaturity of lease liabilities2026 (remaining nine months)$772 $6,057 Fiscal year ending January 31,2027583 5,688 202885 2,169 2029— — Thereafter— — Total future minimum lease payments$1,440 $13,914 Less: interest(82)(1,033)Present value of lease liabilities$1,358 $12,881 Other supplemental cash flow information for the three months ended April 30, 2025 was as follows:April 30, 2025Supplemental cash flow informationCash paid for amounts included in the measurement of lease liabilities:Operating cash used for operating leases$282 Operating cash used for finance leases$272 Financing cash used for finance leases$1,376 For the three months ended April 30, 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, Phreesia offers its customers the ability to lease PhreesiaPads and Arrivals Kiosks along with their monthly subscription. The Company accounts for these rentals as leases. The Company elected the practical expedient to not separate lease and non-lease components. More 

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specifically, all contractual hardware maintenance is included with the hardware lease components. The leases contain no variable lease payments, no options to extend the lease that are reasonably certain to be exercised, and do not give the lessee an option to purchase the hardware at the end of the lease term. Additionally, the lease term does not represent a major part of the remaining economic life of the assets, and the present value of the lease payments does