Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 146

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 146
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 17,336 2031 and thereafter 19,200 Total gross operating lease payments 113,793 Less: tenant allowances — Total net operating lease payments 113,793 Less: imputed interest (18,380) Total lease liabilities, reflecting the present value of net lease payments $ 95,413 15. Commitments and Contingencies Contractual Obligations The Company is obligated to make payments under certain non-cancelable contractual obligations in the normal course of business. The Company's contractual obligations primarily relate to its operating lease arrangements for office space. Its other contractual obligations include contracts with its Publisher Network application providers, which generally have a term of one year, although some have a term of several years, and its software vendors, among others. These obligations represent minimum contractual payments, or the Company's best estimate for variable elements based on historical payments. The Company's contractual obligations have various expiry dates between fiscal years 2026 and 2035. As of January 31, 2025, the Company's contractual obligations are as follows (in thousands): Fiscal year ending January 31: Leases Other 2026 $ 19,201 $ 41,446 2027 19,334 20,924 2028 19,431 13,087 2029 19,291 16 2030 17,336 16 2031 and thereafter 19,200 64 Total $ 113,793 $ 75,553 The Company may also be required to pay up to $75.0 million to the former holders of Hearsay's outstanding equity interests, subject to the achievement of certain ARR milestones over a two-year period, as well as make payments up to $20.0 million related to an incentive pool. Payments can be settled in cash or shares at the Company's election and are estimated to occur in fiscal years 2026 and 2027. Additionally, as of January 31, 2025, the remaining escrow balance of $15.5 million, held as partial security for certain indemnification obligations, is expected to be released following the resolution of the related contingencies. See Note 4 "Business Combination" for additional information. Legal Proceedings The Company is and may be involved in various legal proceedings arising in the normal course of business. Although the results of litigation and claims cannot be predicted with certainty, currently, in the opinion of the Company, the likelihood of any material adverse impact on the Company's results of operations, cash flows or the