Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 81

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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,505)Property and equipment — net$23,492 $23,651 Depreciation expense related to property and equipment amounted to $2,986 and $3,524 for the three months ended April 30, 2025 and 2024, respectively.Property and equipment - net and related depreciation expense includes assets acquired under finance leases. Assets acquired under finance leases included in computer equipment was $49,009 as of April 30, 2025 and January 31, 2025. Accumulated amortization of assets under finance leases was $36,631 and $34,815 as of April 30, 2025 and January 31, 2025, respectively. See Note 10 - Leases for additional information regarding finance leases.(c) Capitalized internal-use softwareFor the three months ended April 30, 2025 and 2024, the Company capitalized $3,791 and $4,388, respectively, of costs related to the Company’s solutions.During the three months ended April 30, 2025 and 2024, amortization expense related to capitalized internal-use software was $3,022 and $2,279, respectively.(d) Intangible assets and goodwill

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Table of Contents

The following presents the details of intangible assets as of April 30, 2025 and January 31, 2025:Useful Life (years)April 30, 2025January 31, 2025Acquired technology5 to 7$9,310 $9,310 Customer relationship7 to 1517,940 17,940 License156,200 6,200 Trademarks153,100 3,100 Total intangible assets, gross carrying value$36,550 $36,550 Less: accumulated amortization(9,277)(8,407)Net carrying value$27,273 $28,143 The weighted average remaining useful life for acquired technology in years was 4.9 and 5.1 as of April 30, 2025 and January 31, 2025, respectively. The remaining useful life for customer relationships in years was 11.4 and 11.6 as of April 30, 2025 and January 31, 2025, respectively. The remaining useful life for the license to the Patient Activation Measure ("PAM"®) in years was 11.6 and 11.8