Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 192

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 1
Chunk 192
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 $5.6 million and $0.9 million, respectively, and the remaining $13.8 million was allocated to goodwill. The Company expects to finalize the valuation as soon as practicable, but not later than one year from the acquisition date. The goodwill recognized is deductible for income tax purposes.In connection with the acquisition, the Company also agreed to grant approximately $10.0 million of incentive equity awards to certain key employees of Places Scout. These awards are subject to continued employment and are expensed in the post-acquisition period over the requisite service period associated with the awards of two years. Pro forma results of operations for this acquisition were not presented as the effects were not material to the Company's financial results.

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5. Investments in Marketable Securities  

The following tables summarize the Company's investments in marketable securities: April 30, 2025(in thousands)Amortized CostUnrealized GainsUnrealized LossesFair ValueMoney market funds$44,840 $— $— $44,840 Total marketable securities$44,840 $— $— $44,840 January 31, 2025(in thousands)Amortized CostUnrealized GainsUnrealized LossesFair ValueMoney market funds$36,371 $— $— $36,371 Total marketable securities$36,371 $— $— $36,371   As of April 30, 2025 and January 31, 2025, the Company's marketable securities have a maturity of 90 days or less and are classified as cash and cash equivalents. During the three months ended April 30, 2025 and 2024, the Company had no material reclassification adjustments from accumulated other comprehensive loss to net income.The Company classifies interest income on investments in marketable securities, amortization of premiums and discounts, and realized gains and losses on securities available for sale within interest income in the condensed consolidated statements of operations and comprehensive income (loss).The Company regularly reviews its debt securities and monitors the surrounding economic conditions to assess the risk of expected credit losses. As of April 30, 2025 and January 31, 2025, the unrealized losses and the related risk of expected credit losses were not significant.

6. Fair Value of Financial Instruments

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the