Phreesia, Inc.
For the period ended Apr 30, 2025. Filed May 28, 2025.
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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.
Apr 30, 2025 · Filed May 28, 2025
PHR$13.13+1.8%Stored close · as of Nov 10, 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
| April 30, 2025 | January 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current: | ||
| Cash and cash equivalents | $90,871 | $84,220 |
| Settlement assets | 33,006 | 29,176 |
| Accounts receivable, net of allowance for doubtful accounts of $1,811 and $1,468 as of April 30, 2025 and January 31, 2025, respectively | 75,099 | 73,617 |
| Deferred contract acquisition costs | 414 | 401 |
| Prepaid expenses and other current assets | 16,019 | 15,871 |
| Total current assets | 215,409 | 203,285 |
| Property and equipment, net of accumulated depreciation and amortization of $87,488 and $84,505 as of April 30, 2025 and January 31, 2025, respectively | 23,492 | 23,651 |
| Capitalized internal-use software, net of accumulated amortization of $59,013 and $55,991 as of April 30, 2025 and January 31, 2025, respectively | 53,531 | 52,763 |
| Operating lease right-of-use assets | 1,262 | 1,477 |
| Deferred contract acquisition costs | 460 | 583 |
| Intangible assets, net of accumulated amortization of $9,277 and $8,407 as of April 30, 2025 and January 31, 2025, respectively | 27,273 | 28,143 |
| Goodwill | 75,845 | 75,845 |
| Other assets | 3,123 | 2,668 |
| Total Assets | $400,395 | $388,415 |
| Liabilities and Stockholders’ Equity | ||
| Current: | ||
| Settlement obligations | $33,006 | $29,176 |
| Current portion of finance lease liabilities and other debt | 8,348 | 8,043 |
| Current portion of operating lease liabilities | 957 | 964 |
| Accounts payable | 3,204 | 5,622 |
| Accrued expenses | 34,059 | 37,460 |
| Deferred revenue | 31,146 | 32,758 |
| Total current liabilities | 110,720 | 114,023 |
| Long-term finance lease liabilities and other debt | 6,162 | 8,150 |
| Operating lease liabilities, non-current | 401 | 646 |
| Long-term deferred revenue | 112 | 119 |
| Long-term deferred tax liabilities | 568 | 484 |
| Other long-term liabilities | 246 | 185 |
| Total Liabilities | 118,209 | 123,607 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ Equity: | ||
| Preferred stock, undesignated, $0.01 par value—20,000,000 shares authorized as of both April 30, 2025 and January 31, 2025; no shares issued or outstanding as of both April 30, 2025 and January 31, 2025 | — | — |
| Common stock, $0.01 par value—500,000,000 shares authorized as of both April 30, 2025 and January 31, 2025; 60,814,930 and 60,083,444 shares issued as of April 30, 2025 and January 31, 2025, respectively | 608 | 601 |
| Additional paid-in capital | 1,132,124 | 1,111,274 |
| Accumulated deficit | (805,410) | (801,496) |
| Accumulated other comprehensive income (loss) | 384 | (51) |
| Treasury stock, at cost, 1,355,169 shares as of both April 30, 2025 and January 31, 2025 | (45,520) | (45,520) |
| Total Stockholders’ Equity | 282,186 | 264,808 |
| Total Liabilities and Stockholders’ Equity | $400,395 | $388,415 |
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