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Phreesia Inc. (PHR) has submitted its Form 10-K filing for the fiscal year ended January 31, 2025.
The filing includes financial statements for the year, showing an increase in total revenue to $419.8 million from $356.3 million in the previous year. This growth was driven by increases in subscription and related services, payment processing fees, and network solutions revenue.
Subscription and related services revenue increased by 19% to $196.5 million, while payment processing fees rose by 8% to $101.7 million. Network solutions revenue saw a 26% increase, reaching $121.6 million.
Cost of revenue, excluding depreciation and amortization, increased to $66.2 million from $61.0 million, primarily due to higher third-party costs.
Sales and marketing expenses decreased by 18% to $121.1 million, while research and development expenses increased by 4% to $117.4 million.
General and administrative expenses decreased by 4% to $76.6 million, and depreciation and amortization expenses totaled $27.9 million.
The company reported a net loss of $58.5 million for the year, an improvement from the $136.9 million loss in the previous year.
Phreesia's cash and cash equivalents were $84.2 million as of January 31, 2025, with net cash provided by operating activities amounting to $32.4 million.
The company continues to focus on expanding its healthcare services client base and increasing revenue per client through its comprehensive software solutions.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Phreesia Inc. annual 10-K report dated March 13, 2025. To report an error, please email earnings@qz.com.