Phreesia Inc
For the period ended Oct 31, 2024. Filed Dec 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2024 · Filed Dec 9, 2024
PHR$12.90+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements:
PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Consolidated Balance Sheets
| October 31, 2024 | January 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current: | ||
| Cash and cash equivalents | $81,740 | $87,520 |
| Settlement assets | 25,046 | 28,072 |
| Accounts receivable, net of allowance for doubtful accounts of $1,468 and $1,392 as of October 31, 2024 and January 31, 2024, respectively | 71,408 | 64,863 |
| Deferred contract acquisition costs | 362 | 768 |
| Prepaid expenses and other current assets | 11,017 | 14,461 |
| Total current assets | 189,573 | 195,684 |
| Property and equipment, net of accumulated depreciation and amortization of $87,861 and $76,859 as of October 31, 2024 and January 31, 2024, respectively | 25,973 | 16,902 |
| Capitalized internal-use software, net of accumulated amortization of $53,210 and $45,769 as of October 31, 2024 and January 31, 2024, respectively | 51,322 | 46,139 |
| Operating lease right-of-use assets | 1,656 | 266 |
| Deferred contract acquisition costs | 450 | 986 |
| Intangible assets, net of accumulated amortization of $7,536 and $4,925 as of October 31, 2024 and January 31, 2024, respectively | 29,014 | 31,625 |
| Goodwill | 75,845 | 75,845 |
| Other assets | 1,870 | 2,879 |
| Total Assets | $375,703 | $370,326 |
| Liabilities and Stockholders’ Equity | ||
| Current: | ||
| Settlement obligations | $25,046 | $28,072 |
| Current portion of finance lease liabilities and other debt | 8,866 | 6,056 |
| Current portion of operating lease liabilities | 1,021 | 393 |
| Accounts payable | 15,870 | 8,480 |
| Accrued expenses | 29,080 | 37,130 |
| Deferred revenue | 22,188 | 24,113 |
| Other current liabilities | 7,130 | 5,875 |
| Total current liabilities | 109,201 | 110,119 |
| Long-term finance lease liabilities and other debt | 10,292 | 5,400 |
| Operating lease liabilities, non-current | 840 | 134 |
| Long-term deferred revenue | 199 | 97 |
| Long-term deferred tax liabilities | 446 | 270 |
| Other long-term liabilities | 133 | 2,857 |
| Total Liabilities | 121,111 | 118,877 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ Equity: | ||
| Preferred stock, undesignated, $0.01 par value - 20,000,000 shares authorized as of both October 31, 2024 and January 31, 2024; no shares issued or outstanding as of both October 31, 2024 and January 31, 2024 | — | — |
| Common stock, $0.01 par value - 500,000,000 shares authorized as of both October 31, 2024 and January 31, 2024; 59,439,197 and 57,709,762 shares issued as of October 31, 2024 and January 31, 2024, respectively | 594 | 577 |
| Additional paid-in capital | 1,094,629 | 1,039,361 |
| Accumulated deficit | (795,106) | (742,969) |
| Accumulated other comprehensive loss | (5) | — |
| Treasury stock, at cost, 1,355,169 shares as of both October 31, 2024 and January 31, 2024 | (45,520) | (45,520) |
| Total Stockholders’ Equity | 254,592 | 251,449 |
| Total Liabilities and Stockholders’ Equity | $375,703 | $370,326 |
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