Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 281

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 281
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 the asset or liability.

16

The Company's assets and liabilities measured at fair value on a recurring basis, by level, within the fair value hierarchy are as follows:October 31, 2025(in thousands) Level 1 Level 2 Level 3 Total Assets: Money market funds$28,433 $— $— $28,433 Commercial paper— 29,904 — $29,904 U.S. treasury securities— 29,850 — $29,850 Total assets $28,433 $59,754 $— $88,187 Liabilities:Contingent consideration(1)$— $— $19,400 $19,400 Total liabilities$— $— $19,400 $19,400 January 31, 2025(in thousands)Level 1Level 2Level 3TotalAssets:Money market funds $36,371 $— $— $36,371 Total assets$36,371 $— $— $36,371 Liabilities:Contingent consideration$— $— $45,000 $45,000 Total liabilities$— $— $45,000 $45,000 (1)    As of October 31, 2025, contingent consideration includes $10.2 million classified as current and $9.2 million classified as non-current.The Company’s cash equivalents and marketable securities for the periods presented were valued using quoted market prices or alternative pricing sources and models utilizing observable market inputs and were classified as Level 1 or Level 2, accordingly.The Company measured its contingent consideration associated with the Hearsay acquisition, on a recurring basis using significant unobservable inputs, classified as Level 3. Contingent Consideration The Company records contingent consideration resulting from a business combination at its fair value on the acquisition date. The Company generally determines the fair value of contingent consideration using the Real Options Method that employs a Monte Carlo simulation model. Each reporting period thereafter, these obligations are revalued and changes in their fair values are recorded within general and administrative expenses within the condensed consolidated statements of operations and comprehensive income (loss). Changes in the fair value of the contingent consideration can result from changes in assumed discount periods and rates, and from changes pertaining to the estimated or actual achievement of the defined milestones. Significant judgment is employed in determining the appropriateness of these assumptions as