Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 131

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 131
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 168 7.0 Total as of January 31, 2024 $ 365 $ (197) $ 168 (1) Recognized in connection with the Acquisition. The estimated future aggregate amortization expense as of January 31, 2025 is as follows (in thousands): Fiscal Year Ending January 31, 2026 $ 14,219 2027 14,219 2028 10,052 2029 5,885 2030 5,884 2031 and thereafter 43,988 Total $ 94,247 8. Property and Equipment, Net Property and equipment are recorded at cost and depreciated or amortized on a straight-line basis over their estimated useful lives. Property and equipment, net consisted of the following: (in thousands) January 31, 2025 January 31, 2024 Computer software $ 24,086 $ 22,500 Office equipment 23,529 22,674 Furniture and fixtures 7,894 7,930 Leasehold improvements 59,944 59,927 Construction in progress 27 249 Software in progress 548 370 Total property and equipment, gross 116,028 113,650 Less: accumulated depreciation (76,339) (65,108) Total property and equipment, net $ 39,689 $ 48,542 As of January 31, 2025 and 2024, the Company's property and equipment, net attributable to the United States was 91% and 90%, respectively. No other individual country represented more than 10% of the total property and equipment, net as of those periods. Depreciation expense was $11.4 million, $15.8 million and $17.6 million for the fiscal years ended January 31, 2025, 2024 and 2023, respectively. 82

9. Accounts Payable, Accrued Expenses and Other Current Liabilities Accounts payable, accrued expenses and other current liabilities consisted of the following: (in thousands) January 31, 2025 January 31, 2024 Accounts payable $ 4,771 $ 7,430 Accrued employee compensation(1) 29,153 15,961 Accrued Publisher Network fees 4,051 1,839 Accrued professional services and associated costs 3,131 2,307 Accrued employee stock purchase plan withholdings liability 1,565 1,958 Other