Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 282

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 282
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,486 $24,086 Office equipment23,611 23,529 Furniture and fixtures7,827 7,894 Leasehold improvements 60,273 59,944 Construction in progress17 27 Software in progress352 548 Total property and equipment, gross117,566 116,028 Less: accumulated depreciation(81,844)(76,339)Total property and equipment, net$35,722 $39,689 

As of July 31, 2025 and January 31, 2025, the Company's property and equipment, net attributable to the United States was 92% and 91%, respectively. 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 $5.5 million for the three and six months ended July 31, 2025, respectively, and $2.9 million and $5.8 million for the three and six months ended July 31, 2024, respectively. 

19

9. Accounts Payable, Accrued Expenses and Other Current Liabilities

Accounts payable, accrued expenses and other current liabilities consisted of the following:(in thousands)July 31, 2025January 31, 2025Accounts payable$7,489 $4,771 Accrued employee compensation (1)23,892 29,153 Accrued Publisher Network fees2,789 4,051 Accrued professional services and associated costs2,455 3,131 Accrued employee stock purchase plan withholdings liability1,269 1,565 Other current liabilities (2)(3) 34,620 27,351 Total accounts payable, accrued expenses and other current liabilities$72,514 $70,022 (1)    As of July 31, 2025 and January 31, 2025, accrued employee compensation included $9.7 million and $8.6 million, respectively, 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 July 31, 2025 and January 31, 2025, other current liabilities included $15.5 million and $9.7 million, respectively, payable to Hearsay owners in connection with escrow funds