Company: PHR
Filing Date: 2025-05-28
Form Type: 10-Q
Source: 0001412408-25-000039
Chunk: 129

Company: Phreesia, Inc.
Filing Date: 2025-05-28
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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 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 costs— Amortization of deferred contract acquisition costs(110)Balance, April 30, 2025$874 Deferred contract acquisition costs, current (to be amortized in next 12 months)$414 Deferred contract acquisition costs, non-current460 Total deferred contract acquisition costs$874 

6. Finance leases and other debt

As of April 30, 2025 and January 31, 2025, the Company had the following outstanding finance lease liabilities and other debt: April 30, 2025January 31, 2025Finance leases$12,881 $14,256 Financing arrangements1,606 1,913 Accrued interest and payments23 24 Total finance lease liabilities and other debt$14,510 $16,193 Less: current portion of finance lease liabilities and other debt(8,348)(8,043)Long-term finance lease liabilities and other debt$6,162 $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 April 30, 2025, there was $1,606 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 ("Capital One Credit Facility") maturing in December 2028, which includes a swingline sub-limit of at least $5,000 and a letter of credit sub-limit of at least $5,000. The Capital One Credit Facility was entered into with Capital One, acting as administrative agent and replaced the Company’s previous senior secured revolving credit facility with Silicon Valley Bank (“SVB”). The Capital One Credit Facility will give the Company additional financial flexibility, through the facility’s five year term. The facility is available to the Company for working capital and general