Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 149

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 149
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" for more information about the Company's segment policy. The following table is a summary of the significant expenses and consolidated net loss provided to the CODM: Fiscal year ended January 31, (in thousands) 2025 2024 2023 Revenue $ 420,957 $ 404,322 $ 400,850 Less: Cost of revenue (1) 89,364 84,568 98,918 Sales and marketing (1) 149,390 163,763 188,518 Research and development (1) 64,319 60,691 54,502 General and administrative (1) 62,279 56,540 60,662 Other segment expenses (2) 83,553 41,390 64,188 Consolidated net loss $ (27,948) $ (2,630) $ (65,938) (1) Excludes stock-based compensation expense, amortization of acquired intangibles and acquisition-related costs inclusive of transaction and related costs, subsequent fair value movements in contingent consideration, and compensation arrangements. The significant expense categories align with the information that is regularly provided to the CODM. (2) Other segment expenses include stock-based compensation expense, amortization of acquired intangibles and acquisition-related costs inclusive of transaction and related costs, subsequent fair value movements in contingent consideration, and compensation arrangements. Other segment expenses also include interest (income) expense, net, benefit from (provision for) income taxes and other expense (income), net. 18. Subsequent Events On February 7, 2025, the Company completed its acquisition of KabanaSoft, LLC, doing business as Places Scout (“Places Scout”), for a purchase price of $20.3 million in cash, subject to customary adjustments as set forth in the Unit Purchase Agreement. The acquisition strengthens Yext’s ability to provide best-in-class competitive intelligence, benchmarking, and AI-powered insights. In addition, subject to the terms of the Unit Purchase Agreement, the Company agreed to grant approximately $10.0 million of incentive equity, based on current trading prices of Yext’s common stock, to certain key employees of Places Scout. The Company is currently evaluating the impact of this acquisition on its consolidated financial statements. On March 4, 2025 the Board of Directors authorized an additional $50.0 million to the share repurchase program. 94

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure None. Item 9