Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 347

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 347
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 a non-cash income tax benefit in the period of release.

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13. Commitments and Contingencies

Contractual ObligationsThe 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 October 31, 2025, the Company's contractual obligations are as follows (in thousands):Fiscal year ending January 31:LeasesOther 2026 (remainder of fiscal year)$4,727 $15,463 202718,699 24,846 202818,792 16,677 202918,771 1,481 203017,336 17 2031 and thereafter19,192 100 Total$97,517 $58,584 In connection with the acquisition of Hearsay, an earnout arrangement exists where 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. Payments can be settled in cash or shares at the Company's election and are estimated to occur in fiscal years 2026 and 2027. See Note 4 "Business Combinations" and Note 6 "Fair Value of Financial Instruments" for additional information.Additionally, as of October 31, 2025, an escrow balance pertaining to the Places Scout acquisition of $1.5 million is expected to be released during fiscal year 2027. This amount is held as partial security for certain indemnification obligations, and will be released following the resolution of the related contingencies. Legal ProceedingsThe 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 Company's financial position for any such litigation or claims is deemed to be remote