
	July 31, 2026		January 31, 2026
Payroll-related expenses and taxes	$	10,814	$	12,535
Stock-based compensation liability	3,598		7,652
Payment processing fees liability	6,886		7,056
Acquisition-related liabilities	119		119
Income and other tax liabilities	1,013		2,674
Information technology	3,859		5,546
Other	9,417		5,675
Total accrued expenses	$	35,706	$	41,257


	July 31, 2026		January 31, 2026
PhreesiaPads and Arrivals Kiosks	$	17,911	$	16,523
Computer equipment	75,186		84,380
Computer software	14,730		12,887
Hardware development	576		577
Other	—		158
Total property and equipment	$	108,403	$	114,525
Less: accumulated depreciation	(90,281)		(94,193)
Property and equipment — net	$	18,122	$	20,332

Depreciation expense related to property and equipment amounted to $3,340 and $3,279 for the three months ended July 31, 2026 and 2025, respectively, and $6,711 and $6,265 for the six months ended July 31, 2026 and 2025, respectively.

Property and equipment — net and related depreciation expense includes assets acquired under finance leases. Assets acquired under finance leases included in computer equipment was $41,571 and $49,009 as of July 31, 2026 and January 31, 2026, respectively. Accumulated amortization of assets under finance leases was $37,347 and $42,060 as of July 31, 2026 and January 31, 2026, respectively. See Note 10 - Leases for additional information regarding finance leases.

For the three months ended July 31, 2026 and 2025, capitalized costs related to the Company’s solutions was $3,530 and $3,609, respectively, of costs related to the Company’s solutions. For the six months ended July 31, 2026 and 2025, the Company capitalized $7,856 and $7,399 of costs related to the Company’s solutions, respectively.

During the three months ended July 31, 2026 and 2025, amortization expense related to capitalized internal-use software was $4,027 and $3,259, respectively, and during the six months ended July 31, 2026 and 2025, amortization expense related to capitalized internal-use software was $7,999 and $6,281, respectively.


	Useful Life
	(years)	July 31, 2026		January 31, 2026
Acquired technology	5 to 7	$	22,910	$	22,910
Customer relationship	7 to 15	53,940		53,940
License	15	6,200		6,200
Trademarks	12 to 15	10,200		10,200
Total intangible assets, gross carrying value		$	93,250	$	93,250
Less: accumulated amortization		(18,728)		(13,489)
Net carrying value		$	74,522	$	79,761

The weighted-average remaining useful life for acquired technology in years was 4.9 and 5.4 as of July 31, 2026 and January 31, 2026, respectively. The remaining useful life for customer relationships in years was 8.1 and 8.6 as of July 31, 2026 and January 31, 2026, respectively. The remaining useful life for the license to the Patient Activation Measure ("PAM"®) in years was 10.4 and 10.8 as of July 31, 2026 and January 31, 2026, respectively. The remaining useful life for the trademarks in years was 11.5 and 12.0 as of July 31, 2026 and January 31, 2026, respectively.

Amortization expense associated with intangible assets for the three months ended July 31, 2026 and 2025, was $2,628 and $871, respectively. Amortization expense associated with intangible assets for the six months ended July 31, 2026 and 2025, was $5,239 and $1,741, respectively.

During the six months ended July 31, 2026, the Company completed its quarterly triggering event assessments and determined that the decline in the market value of its publicly-traded stock, which resulted in a corresponding decline in its market capitalization, constituted a triggering event. Due to the decline in the Company’s market capitalization during the three months ended April 30, 2026 and the six months ended July 31, 2026, the Company has evaluated whether changes in the Company’s market capitalization indicate that the carrying value of goodwill in the Company’s single reporting unit is impaired. As of July 31, 2026 and throughout the three and six months ended July 31, 2026, the Company’s market capitalization exceeded the carrying value of the Company’s equity. As a result, the Company does not believe that changes in the Company’s market capitalization during the six months ended July 31, 2026 indicate that the carrying amount of the Company’s goodwill is impaired as of July 31, 2026.

As of January 31, 2026, the Company determined that it was more likely than not that the fair value of its single reporting unit exceeded its carrying value. As a result, the Company does not believe that the Company’s goodwill was impaired as of January 31, 2026.

During the measurement period, in the six months ended July 31, 2026, the Company recorded a decrease to acquired deferred tax liabilities of $1,119 and an increase to short-term due to healthcare providers of $2,522, with corresponding adjustments to goodwill, in connection with the acquisition of AccessOne. The Company did not record any impairments of goodwill during the six months ended July 31, 2026 or 2025.


	July 31, 2026		January 31, 2026
Billed	$	82,592	$	93,296
Unbilled	7,693		5,680
Total accounts receivable, gross	$	90,285	$	98,976
Less: accounts receivable allowances	(879)		(1,523)
Total accounts receivable	$	89,406	$	97,453

The Company’s allowance for doubtful accounts represents the current estimate of expected future losses based on prior bad debt experience as well as expected future changes in credit losses and considerations for specific customers as applicable. The Company's accounts receivable are considered past due when they are outstanding past the due date listed on the invoice to the customer. Activity in the allowance for doubtful accounts and write-offs of accounts receivable were not material for the three months ended July 31, 2026 and 2025.


	July 31, 2026		January 31, 2026
Prepaid software and business systems	$	6,336	$	7,246
Prepaid data center expenses	3,328		4,661
Prepaid insurance	848		1,721
Other prepaid expenses and other current assets	8,627		4,350
Total prepaid and other current assets	$	19,139	$	17,978

The Company enters into cloud computing service contracts to support its sales and marketing, product development and administrative activities. The Company capitalizes certain implementation costs for cloud computing arrangements that meet the definition of a service contract. The Company includes these capitalized implementation costs within prepaid expenses and other current assets and within other assets on its consolidated balance sheets. Once placed in service, the Company amortizes these costs over the remaining subscription term to the same caption in the consolidated statements of operations as the related cloud subscription. Capitalized implementation costs for cloud computing arrangements accounted for as service contracts were $1,532. These arrangements were fully amortized by the three months ended April 30, 2025.

Other (expense) income, net for the three and six months ended July 31, 2026 and 2025 were composed primarily of losses on instruments accounted for under the fair value option, as well as miscellaneous other income and expense and foreign exchange gains and losses due to changes in rates for the three and six months ended July 31, 2026.