Phreesia, Inc.
For the period ended Jul 31, 2025. Filed Sep 5, 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.
Jul 31, 2025 · Filed Sep 5, 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
| July 31, 2025 | January 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current: | ||
| Cash and cash equivalents | $98,266 | $84,220 |
| Settlement assets | 28,875 | 29,176 |
| Accounts receivable, net of allowance for doubtful accounts of $2,654 and $1,468 as of July 31, 2025 and January 31, 2025, respectively | 76,842 | 73,617 |
| Deferred contract acquisition costs | 431 | 401 |
| Prepaid expenses and other current assets | 18,227 | 15,871 |
| Total current assets | 222,641 | 203,285 |
| Property and equipment, net of accumulated depreciation and amortization of $90,765 and $84,505 as of July 31, 2025 and January 31, 2025, respectively | 22,769 | 23,651 |
| Capitalized internal-use software, net of accumulated amortization of $62,272 and $55,991 as of July 31, 2025 and January 31, 2025, respectively | 53,881 | 52,763 |
| Operating lease right-of-use assets | 1,043 | 1,477 |
| Deferred contract acquisition costs | 551 | 583 |
| Intangible assets, net of accumulated amortization of $10,147 and $8,407 as of July 31, 2025 and January 31, 2025, respectively | 26,403 | 28,143 |
| Goodwill | 75,845 | 75,845 |
| Deferred tax asset | 1,640 | — |
| Other assets | 3,856 | 2,668 |
| Total Assets | $408,629 | $388,415 |
| Liabilities and Stockholders’ Equity | ||
| Current: | ||
| Settlement obligations | $28,875 | $29,176 |
| Current portion of finance lease liabilities and other debt | 7,096 | 8,043 |
| Current portion of operating lease liabilities | 941 | 964 |
| Accounts payable | 6,527 | 5,622 |
| Accrued expenses | 34,783 | 37,460 |
| Deferred revenue | 26,913 | 32,758 |
| Total current liabilities | 105,135 | 114,023 |
| Long-term finance lease liabilities and other debt | 4,576 | 8,150 |
| Operating lease liabilities, non-current | 179 | 646 |
| Long-term deferred revenue | 81 | 119 |
| Long-term deferred tax liabilities | 626 | 484 |
| Other long-term liabilities | 45 | 185 |
| Total Liabilities | 110,642 | 123,607 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ Equity: | ||
| Preferred stock, undesignated, $0.01 par value—20,000,000 shares authorized as of both July 31, 2025 and January 31, 2025; no shares issued or outstanding as of both July 31, 2025 and January 31, 2025 | — | — |
| Common stock, $0.01 par value—500,000,000 shares authorized as of both July 31, 2025 and January 31, 2025; 61,124,918 and 60,083,444 shares issued as of July 31, 2025 and January 31, 2025, respectively | 611 | 601 |
| Additional paid-in capital | 1,147,540 | 1,111,274 |
| Accumulated deficit | (804,756) | (801,496) |
| Accumulated other comprehensive income (loss) | 112 | (51) |
| Treasury stock, at cost, 1,355,169 shares as of both July 31, 2025 and January 31, 2025 | (45,520) | (45,520) |
| Total Stockholders’ Equity | 297,987 | 264,808 |
| Total Liabilities and Stockholders’ Equity | $408,629 | $388,415 |
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