Company: PHR
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001412408-25-000132
Chunk: 158

Company: Phreesia, Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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 October 31, 2025 and 2024, respectively. The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. During fiscal 2025, the Company updated its estimate of the period of benefit from five years to three years for certain deferred contract acquisition costs. There were no impairment losses recorded during the periods presented.The following table represents a roll-forward of deferred contract acquisition costs:Balance, January 31, 2025$984 Additions to deferred contract acquisition costs350 Amortization of deferred contract acquisition costs(463)Balance, October 31, 2025$871 Deferred contract acquisition costs, current (to be amortized in next 12 months)$427 Deferred contract acquisition costs, non-current444 Total deferred contract acquisition costs$871 

6. Finance leases and other debt

As of October 31, 2025 and January 31, 2025, the Company had the following outstanding finance lease liabilities and other debt: October 31, 2025January 31, 2025Finance leases$8,588 $14,256 Financing arrangements941 1,913 Accrued interest and payments23 24 Total finance lease liabilities and other debt$9,552 $16,193 Less: current portion of finance lease liabilities and other debt(6,199)(8,043)Long-term finance lease liabilities and other debt$3,353 $8,150 (a) Finance leasesSee Note 10 - Leases for more information regarding finance leases.(b) Financing agreementsIn June 2023, the Company entered into a software licensing financing agreement (the "financing agreement") in order to finance its software and service licenses. As of October 31, 2025, there was $941 in outstanding principal and interest due under the financing agreement. The financing agreement requires the Company to pay $123 per month for 36 months beginning August 2023. The effective interest rate on the financing agreement is 10.5% per annum.(c) Capital One Credit AgreementIn December 2023, the Company entered into a Credit Agreement (the "Credit Agreement") for a new 5-year $50,000 senior secured asset-based revolving credit facility (as amended, the "Capital One Credit Facility") maturing in December 2028, which includes a swingline sub-limit of at least $5,000 and a letter of credit