← Phreesia, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($18.2m) |
($15.1m)
+17.21%
|
($20.3m)
-34.73%
|
($27.3m)
-34.49%
|
($118.2m)
-332.95%
|
($176.1m)
-49.07%
|
($136.9m)
+22.29%
|
($58.5m)
+57.24%
|
$2.3m
+103.94%
|
— | |
| Depreciation and amortization | $9.6m | $11.6m | $13.9m | $15.9m | $21.3m | $25.3m | $29.5m | $27.9m | $31.5m | $34.5m | |
| Amortization of deferred financing costs and debt discount | — | — | $445k | $389k | $288k | $310k | $321k | $236k | $3.0m | — | |
| Deferred contract acquisition costs amortization | $1.4m | $1.6m | $2.0m | $2.0m | $2.2m | $1.7m | $1.1m | $1.8m | $570k | — | |
| Deferred taxes | $0 | $0 | ($775k) | ($65k) | $143k | $434k | $228k | $214k | ($13.3m) | — | |
| Stock-based compensation expense | $805k | $1.4m | $6.2m | $13.5m | $36.1m | $58.8m | $71.6m | $67.0m | $67.5m | $63.8m | |
| Treasury stock to satisfy tax withholdings on stock compensation awards | — | $0 | $0 | ($5.0m) | ($9.0m) | ($19.4m) | ($12.2m) | $0 | $0 | — | |
| Capitalized stock-based compensation | — | — | $0 | $0 | $489k | $1.4m | $1.4m | $1.4m | $1.3m | — | |
| Issuance of stock to settle liabilities for stock-based compensation | $0 | $162k | $0 | $0 | $0 | $12.3m | $12.3m | $11.9m | $12.7m | — | |
| Accounts receivable | ($3.4m) | ($3.8m) | ($5.9m) | ($6.6m) | ($10.2m) | ($11.1m) | ($11.2m) | ($8.8m) | ($23.4m) | ($802k) | |
| Collections of principal on receivables originally held for sale to securitization | — | — | — | — | — | — | $0 | $0 | $13.7m | — | |
| Payment of due to provider for receivables originally held for sale to securitization | — | — | — | — | — | — | $0 | $0 | ($17.6m) | — | |
| Collections of cardholder receivables held for investment and deferred purchase price | — | — | — | — | — | — | $0 | $0 | $15.7m | — | |
| Payments due to provider for unfunded receivables | — | — | — | — | — | — | $0 | $0 | ($9.6m) | — | |
| Non-cash activity related to credit card receivables and deferred purchase price | — | — | — | — | — | — | $0 | $0 | $17.6m | — | |
| Accounts payable | ($2.1m) | $2.4m | ($30k) | ($3.8m) | $2.9m | $4.8m | ($2.0m) | ($3.2m) | $5.3m | $7.2m | |
| Purchase of property and equipment and capitalized software included in accounts payable and accrued liabilities | $0 | $0 | $1.3m | $3.4m | $1.1m | $2.3m | $1.3m | $1.8m | $2.0m | ($24.6m) | |
| Accrued Interest Receivable | — | — | — | — | — | — | $0 | $0 | ($446k) | — | |
| Accrued expenses and other liabilities | $2.0m | ($2.3m) | $3.7m | $6.0m | ($3.0m) | $2.7m | $14.2m | $182k | $2.9m | — | |
| Deferred revenue | ($723k) | $1.6m | ($1.1m) | $5.4m | $3.3m | $1.3m | $731k | $8.7m | $8.3m | — | |
| Prepaid expenses and other assets | ($319k) | ($576k) | ($312k) | ($1.6m) | ($7.2m) | $250k | ($2.2m) | ($1.4m) | ($1.4m) | — | |
| Net cash provided by (used in) operating activities | ($11.1m) |
($2.1m)
+80.88%
|
$826k
+138.78%
|
$2.9m
+249.88%
|
($74.7m)
-2685.12%
|
($90.1m)
-20.63%
|
($32.4m)
+64.07%
|
$32.4m
+200.01%
|
$78.8m
+143.40%
|
$87.9m
+11.51%
|
|
| Purchases of property and equipment | ($6.6m) | ($4.7m) | ($7.0m) | ($11.2m) | ($18.4m) | ($4.7m) | ($5.8m) | ($8.7m) | ($11.1m) | ($24.6m) | |
| Property and equipment acquisitions through finance leases | $781k | $4.4m | $2.0m | $8.9m | $7.4m | $526k | $7.4m | $13.7m | $0 | — | |
| Acquisitions, net of cash acquired | — | ($1.2m) | $0 | ($6.5m) | ($34.4m) | $0 | ($14.6m) | $0 | ($153.2m) | ($153.2m) | |
| Net cash used in investing activities | ($12.0m) | ($11.0m) | ($12.3m) | ($25.1m) | ($65.2m) | ($26.2m) | ($39.7m) | ($24.1m) | ($161.9m) | ($149.7m) | |
| Loss on extinguishment of debt | $0 | $0 | $1.1m | $0 | $0 | $0 | $1.1m | $0 | $501k | — | |
| Debt issuance costs and loan facility fee payments | — | — | — | ($294k) | ($125k) | ($397k) | ($1.3m) | ($152k) | ($3.2m) | — | |
| Debt extinguishment costs | $0 | $0 | ($300k) | $0 | $0 | $0 | ($758k) | $0 | $0 | — | |
| Proceeds from debt instruments | — | $14.8m | $9.9m | $0 | $0 | — | $0 | $0 | $110.0m | — | |
| Principal payments on debt instruments | — | — | — | — | — | — | $0 | $0 | ($20.0m) | — | |
| Proceeds from issuance of common stock upon exercise of stock options | $147k | $361k | $1.8m | $4.4m | $4.9m | $1.6m | $955k | $1.0m | $1.5m | — | |
| Net cash provided by (used in) financing activities | $31.3m |
$4.2m
-86.60%
|
$100.3m
+2291.27%
|
$150.7m
+50.26%
|
$235.0m
+55.96%
|
($20.8m)
-108.85%
|
($17.1m)
+17.73%
|
($11.5m)
+32.89%
|
$72.9m
+734.26%
|
$47.6m
-34.67%
|
|
| Cash and cash equivalents—beginning of year | $10.5m | $1.5m | $90.3m | $218.8m | $313.8m | $176.7m | $87.5m | $84.2m | $73.8m | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | — | — | — | — | $0 | $0 | ($106k) | ($176k) | ($271k) | |
| Net decrease in cash, cash equivalents and restricted cash | $8.2m | ($9.0m) | $88.8m | $128.5m | $95.0m | ($137.1m) | ($89.2m) | ($3.3m) | ($10.4m) | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Non-cash gain on settlement | — | — | — | — | — | $0 | $0 | ($2.3m) | $0 | — | |
| Cost of Phreesia hardware purchased by customers | $0 | $585k | $741k | $762k | $672k | $1.6m | $1.6m | $1.9m | $1.0m | — | |
| Non-cash operating lease expense | ($11.1m) | $0 | $0 | $1.8m | $1.0m | $1.8m | $702k | $747k | $914k | $87.9m | |
| Gains and losses for fair value option | — | — | — | — | — | — | $0 | $0 | ($1.0m) | — | |
| Deferred contract acquisition costs | ($1.8m) | ($2.5m) | ($2.1m) | ($1.7m) | ($3.3m) | ($427k) | $0 | ($1.0m) | ($334k) | — | |
| Lease liabilities | — | $0 | $0 | ($1.8m) | ($1.1m) | ($1.3m) | ($1.2m) | ($824k) | ($1.1m) | — | |
| Capitalized internal-use software | ($5.4m) | ($5.1m) | ($5.3m) | ($7.3m) | ($12.4m) | ($21.5m) | ($19.3m) | ($15.4m) | ($13.3m) | — | |
| Proceeds from employee stock purchase plan | — | — | $0 | $0 | $2.0m | $3.3m | $3.2m | $2.9m | $2.4m | — | |
| Finance lease payments | — | ($2.5m) | ($1.9m) | ($2.6m) | ($4.3m) | ($5.7m) | ($6.8m) | ($7.8m) | ($6.8m) | — | |
| Constructive financing | — | — | — | — | $0 | $0 | $1.7m | $0 | $0 | — | |
| Principal payments on financing agreements | — | — | $0 | ($1.7m) | ($1.0m) | ($216k) | ($600k) | ($1.2m) | ($1.3m) | — | |
| Financing payments of acquisition-related liabilities | — | — | $0 | $0 | ($3.3m) | $0 | ($1.3m) | ($6.3m) | $0 | — | |
| Right of use assets acquired in exchange for operating lease liabilities | — | $0 | $0 | $4.4m | $81k | $0 | $398k | $2.0m | $0 | — | |
| Deferred consideration liabilities payable in business combinations | — | — | — | — | $0 | $0 | $8.7m | $0 | $0 | — | |
| Issuance of stock as consideration in business combinations | — | — | — | — | $0 | $0 | $35.3m | $0 | $0 | — | |
| Capitalized software acquired through vendor financing | — | $0 | $0 | $174k | $0 | $0 | $2.0m | $0 | $0 | — | |
| Interest | $2.8m | $2.8m | $2.3m | $1.5m | $802k | $763k | $1.3m | $2.2m | $1.6m | $5.1m | |
| Income taxes | — | $0 | $0 | $64k | $49k | $39k | $37k | $3.1m | $1.9m | — |