Derivative instruments and hedging activities (Tables)

3 Months Ended

Apr. 30, 2025

The fair values of outstanding derivative foreign currency forward contract was as follows:


	Consolidated balance sheet location	April 30, 2025		January 31, 2025
Foreign currency cash flow hedges	Prepaid expenses and other current assets	$	461	$	—
Non-designated hedges	Prepaid expenses and other current assets	153		—

The effect of derivative instruments on the Company’s consolidated statements of operations were as follows:


	Consolidated statements of operations location	Three months ended April 30,
		2025		2024
Foreign currency cash flow hedges	Expenses	$	20	$	—
Foreign currency cash flow hedges	Provision for income taxes	—		—
Non-designated hedges	Other income (expense), net	249		—

Pre-tax gains (losses) associated with cash flow hedges were as follows:


	Consolidated statements of operations and Statements of comprehensive loss locations	Three months ended April 30,
		2025		2024
Gains recognized in accumulated other comprehensive income (included in assessment of effectiveness)	Unrealized gain on cash flow hedge	$	387	$	—
Losses reclassified from accumulated other comprehensive income into income (effective portion)	Expenses	20		—
Tax effect reclassified from accumulated other comprehensive income into income (effective portion)	Provision for income taxes	—		—

Phreesia, Inc. 10-Q