Leases |
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| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | Leases (a) Phreesia as Lessee The Company leases third-party data center space and office space in the U.S. under operating leases that expire on various dates through June 2028. Certain of these arrangements have escalating rent payment provisions or optional renewal clauses. The Company has also entered into various finance lease arrangements for computer equipment. These agreements are typically three years and are secured by the underlying equipment. During the three months ended April 30, 2026, the Company completed the purchase of certain finance leased assets. Upon purchase, the Company acquired the underlying equipment and derecognized the related right-of-use assets and finance lease liabilities. The difference between the purchase price and the carrying amount of the lease liabilities was recorded as an adjustment to the carrying value of the acquired assets. The purchase was paid in cash. For office leases and leased equipment, the Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance, utilities and equipment maintenance. As of April 30, 2026, for operating leases, the weighted-average remaining lease term was 1.9 years and the weighted-average discount rate is 7.4%. As of April 30, 2026, for finance leases, the weighted-average remaining lease term was 1.2 years, and the weighted-average discount rate is 7.8%. The components of lease expense for the three months ended April 30, 2026 were as follows:
Amortization of right-of-use assets for finance leases is included within depreciation expense on the Company's consolidated statements of operations. The following represents a schedule of maturing lease commitments for operating and finance leases as of April 30, 2026:
Other supplemental cash flow information for the three months ended April 30, 2026 was as follows:
For the three months ended April 30, 2026 there were no right-of-use assets obtained in exchange for lease liabilities. (b) Phreesia as Lessor In connection with the patient intake and registration process, Phreesia offers its customers the ability to lease PhreesiaPads and Arrivals Kiosks along with their monthly subscription. The Company accounts for these rentals as leases. The Company elected the practical expedient to not separate lease and non-lease components. More specifically, all contractual hardware maintenance is included with the hardware lease components. The leases contain no variable lease payments, no options to extend the lease that are reasonably certain to be exercised, and do not give the lessee an option to purchase the hardware at the end of the lease term. Additionally, the lease term does not represent a major part of the remaining economic life of the assets, and the present value of the lease payments does not equal or exceed substantially all of the fair value of the assets. As a result, all leased hardware in the SaaS arrangements is classified as operating leases. During the three months ended April 30, 2026, the Company recognized $2,074, respectively, in subscription and related services revenue related to the leasing of PhreesiaPads and Arrivals Kiosks. Future lease payments receivable under operating leases were immaterial as of April 30, 2026, except for those with terms of one year or less. During the three months ended April 30, 2026, the Company recognized immaterial sublease income associated with AccessOne’s subleased office space, which remains in place through the term of the head lease ending June 30, 2028.
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| Leases | Leases (a) Phreesia as Lessee The Company leases third-party data center space and office space in the U.S. under operating leases that expire on various dates through June 2028. Certain of these arrangements have escalating rent payment provisions or optional renewal clauses. The Company has also entered into various finance lease arrangements for computer equipment. These agreements are typically three years and are secured by the underlying equipment. During the three months ended April 30, 2026, the Company completed the purchase of certain finance leased assets. Upon purchase, the Company acquired the underlying equipment and derecognized the related right-of-use assets and finance lease liabilities. The difference between the purchase price and the carrying amount of the lease liabilities was recorded as an adjustment to the carrying value of the acquired assets. The purchase was paid in cash. For office leases and leased equipment, the Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance, utilities and equipment maintenance. As of April 30, 2026, for operating leases, the weighted-average remaining lease term was 1.9 years and the weighted-average discount rate is 7.4%. As of April 30, 2026, for finance leases, the weighted-average remaining lease term was 1.2 years, and the weighted-average discount rate is 7.8%. The components of lease expense for the three months ended April 30, 2026 were as follows:
Amortization of right-of-use assets for finance leases is included within depreciation expense on the Company's consolidated statements of operations. The following represents a schedule of maturing lease commitments for operating and finance leases as of April 30, 2026:
Other supplemental cash flow information for the three months ended April 30, 2026 was as follows:
For the three months ended April 30, 2026 there were no right-of-use assets obtained in exchange for lease liabilities. (b) Phreesia as Lessor In connection with the patient intake and registration process, Phreesia offers its customers the ability to lease PhreesiaPads and Arrivals Kiosks along with their monthly subscription. The Company accounts for these rentals as leases. The Company elected the practical expedient to not separate lease and non-lease components. More specifically, all contractual hardware maintenance is included with the hardware lease components. The leases contain no variable lease payments, no options to extend the lease that are reasonably certain to be exercised, and do not give the lessee an option to purchase the hardware at the end of the lease term. Additionally, the lease term does not represent a major part of the remaining economic life of the assets, and the present value of the lease payments does not equal or exceed substantially all of the fair value of the assets. As a result, all leased hardware in the SaaS arrangements is classified as operating leases. During the three months ended April 30, 2026, the Company recognized $2,074, respectively, in subscription and related services revenue related to the leasing of PhreesiaPads and Arrivals Kiosks. Future lease payments receivable under operating leases were immaterial as of April 30, 2026, except for those with terms of one year or less. During the three months ended April 30, 2026, the Company recognized immaterial sublease income associated with AccessOne’s subleased office space, which remains in place through the term of the head lease ending June 30, 2028.
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| Leases | Leases (a) Phreesia as Lessee The Company leases third-party data center space and office space in the U.S. under operating leases that expire on various dates through June 2028. Certain of these arrangements have escalating rent payment provisions or optional renewal clauses. The Company has also entered into various finance lease arrangements for computer equipment. These agreements are typically three years and are secured by the underlying equipment. During the three months ended April 30, 2026, the Company completed the purchase of certain finance leased assets. Upon purchase, the Company acquired the underlying equipment and derecognized the related right-of-use assets and finance lease liabilities. The difference between the purchase price and the carrying amount of the lease liabilities was recorded as an adjustment to the carrying value of the acquired assets. The purchase was paid in cash. For office leases and leased equipment, the Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease cost primarily represents variable payments such as common area maintenance, utilities and equipment maintenance. As of April 30, 2026, for operating leases, the weighted-average remaining lease term was 1.9 years and the weighted-average discount rate is 7.4%. As of April 30, 2026, for finance leases, the weighted-average remaining lease term was 1.2 years, and the weighted-average discount rate is 7.8%. The components of lease expense for the three months ended April 30, 2026 were as follows:
Amortization of right-of-use assets for finance leases is included within depreciation expense on the Company's consolidated statements of operations. The following represents a schedule of maturing lease commitments for operating and finance leases as of April 30, 2026:
Other supplemental cash flow information for the three months ended April 30, 2026 was as follows:
For the three months ended April 30, 2026 there were no right-of-use assets obtained in exchange for lease liabilities. (b) Phreesia as Lessor In connection with the patient intake and registration process, Phreesia offers its customers the ability to lease PhreesiaPads and Arrivals Kiosks along with their monthly subscription. The Company accounts for these rentals as leases. The Company elected the practical expedient to not separate lease and non-lease components. More specifically, all contractual hardware maintenance is included with the hardware lease components. The leases contain no variable lease payments, no options to extend the lease that are reasonably certain to be exercised, and do not give the lessee an option to purchase the hardware at the end of the lease term. Additionally, the lease term does not represent a major part of the remaining economic life of the assets, and the present value of the lease payments does not equal or exceed substantially all of the fair value of the assets. As a result, all leased hardware in the SaaS arrangements is classified as operating leases. During the three months ended April 30, 2026, the Company recognized $2,074, respectively, in subscription and related services revenue related to the leasing of PhreesiaPads and Arrivals Kiosks. Future lease payments receivable under operating leases were immaterial as of April 30, 2026, except for those with terms of one year or less. During the three months ended April 30, 2026, the Company recognized immaterial sublease income associated with AccessOne’s subleased office space, which remains in place through the term of the head lease ending June 30, 2028.
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