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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Operating activities:    
Net loss $ (19,722) $ (37,531)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,673 6,990
Stock-based compensation expense 16,840 17,138
Amortization of deferred financing costs and debt discount 61 85
Cost of Phreesia hardware purchased by customers 343 416
Deferred contract acquisition costs amortization 192 340
Non-cash operating lease expense 173 233
Deferred taxes 63 217
Changes in operating assets and liabilities:    
Accounts receivable (1,393) (1,538)
Prepaid expenses and other assets 414 1,152
Accounts payable (2,936) (2,983)
Accrued expenses and other liabilities (1,155) 1,822
Lease liabilities (219) (247)
Deferred revenue (55) 247
Net cash used in operating activities (721) (13,659)
Investing activities:    
Capitalized internal-use software (4,570) (4,732)
Purchases of property and equipment (876) (1,347)
Net cash used in investing activities (5,446) (6,079)
Financing activities:    
Proceeds from issuance of common stock upon exercise of stock options 347 249
Treasury stock to satisfy tax withholdings on stock compensation awards 0 (6,950)
Proceeds from employee stock purchase plan 913 967
Finance lease payments (1,280) (1,444)
Principal payments on financing agreements (289) 0
Debt issuance costs and loan facility fee payments (152) 0
Financing payments of acquisition-related liabilities (1,364) 0
Net cash used in financing activities (1,825) (7,178)
Effect of exchange rate changes on cash and cash equivalents (1) 0
Net decrease in cash and cash equivalents (7,993) (26,916)
Cash and cash equivalents – beginning of period 87,520 176,683
Cash and cash equivalents – end of period 79,527 149,767
Supplemental information of non-cash investing and financing information:    
Right of use assets acquired in exchange for operating lease liabilities 764 0
Property and equipment acquisitions through finance leases 6,529 7,067
Purchase of property and equipment and capitalized software included in current liabilities 2,440 3,485
Capitalized stock-based compensation 348 337
Issuance of stock to settle liabilities for stock-based compensation 6,177 5,297
Cash paid for:    
Interest 483 58
Income taxes $ 1,593 $ 40