Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 197

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 197
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 property and equipment, net attributable to the United States was 91% in both periods. No other individual country represented more than 10% of the total property and equipment, net as of those periods. Depreciation expense was $2.7 million and $3.0 million for the three months ended April 30, 2025 and 2024, respectively. 

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9. Accounts Payable, Accrued Expenses and Other Current Liabilities

Accounts payable, accrued expenses and other current liabilities consisted of the following:(in thousands)April 30, 2025January 31, 2025Accounts payable$6,887 $4,771 Accrued employee compensation (1)24,827 29,153 Accrued Publisher Network fees2,762 4,051 Accrued professional services and associated costs2,724 3,131 Accrued employee stock purchase plan withholdings liability391 1,565 Other current liabilities (2)(3) 34,773 27,351 Total accounts payable, accrued expenses and other current liabilities$72,364 $70,022 (1)    As of April 30, 2025, accrued employee compensation included $8.9 million related to the portion of the incentive pool and other retention arrangements where continuing service is required arising from the Hearsay acquisition.(2)    As of April 30, 2025, other current liabilities included $15.5 million payable to Hearsay owners in connection with escrow funds held by Yext related to indemnity claims in connection with the Hearsay acquisition. (3)    As of April 30, 2025, other current liabilities included $8.8 million related to the incentive pool allocated to founders and early employees in connection with the Hearsay acquisition.

10. Stock-Based Compensation

Stock-Based Compensation ExpenseStock-based compensation represents the cost related to stock-based awards granted in lieu of monetary payment. The Company measures stock-based compensation associated with stock-based awards issued to employees at the grant date, based on the estimated fair value of the award, and recognizes expense, net of estimated forfeitures, over the requisite service period of the applicable award generally using the straight-line method or accelerated attribution method. The following table summarizes the Company's stock-based compensation expense for equity classified awards for the periods presented:Three months ended April 30,(in thousands)20252024Equity classified awards: Cost