Company: PHR
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0001412408-25-000062
Chunk: 167

Company: Phreesia, Inc.
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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 not designated as hedges.The fair values of outstanding derivative foreign currency forward contract was as follows:Consolidated balance sheet locationJuly 31, 2025January 31, 2025Foreign currency cash flow hedgesPrepaid expenses and other current assets$216 $— Non-designated hedgesPrepaid expenses and other current assets72 — The effect of derivative instruments on the Company’s consolidated statements of operations were as follows:Consolidated statements of operations locationThree months endedJuly 31,Six months endedJuly 31,2025202420252024Foreign currency cash flow hedgesExpenses$(159)$— $(139)$— Foreign currency cash flow hedgesIncome tax benefit (expense)— — — — Non-designated hedgesOther income (expense), net(14)— 236 — 

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Table of Contents

Pre-tax gains (losses) associated with cash flow hedges were as follows:Consolidated statements of operations and Statements of comprehensive income (loss) locationsThree months endedJuly 31,Six months endedJuly 31, 2025202420252024Gains recognized in accumulated other comprehensive income (included in assessment of effectiveness)Unrealized gain on cash flow hedge$(40)$— $347 $— Gains reclassified from accumulated other comprehensive income into income (effective portion)Expenses(159)— (139)— Tax effect reclassified from accumulated other comprehensive income into income (effective portion)Income tax benefit (expense)— — — —  As of July 31, 2025, the foreign currency forward contract had a maturity of less than 6 months. As of July 31, 2025, the Company estimates that the entire $208 of the net gain recorded in accumulated other comprehensive income (loss) related to its foreign currency cash flow hedge will be reclassified into income within the next 12 months.See Note 3 - Summary of significant accounting policies ad Note 9 - Fair value measurements for additional disclosures for derivatives and hedging.

17. Subsequent events

On August 29, 2025, the Company entered into a definitive agreement (the “Merger Agreement”) to acquire AccessOne Parent Holdings, Inc. (together with its subsidiaries, “AccessOne”), for total cash consideration of $160 million, subject to customary closing and post-closing adjustments (the "AccessOne Acquisition"). The transaction is expected to close during the third quarter or early fourth