Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 284

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 284
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 AverageRemaining Useful LifeDomains$365 $(221)$144 6.0Customer relationships 76,200 (2,931)73,269 12.5Technology 24,200 (4,033)20,167 2.5Trademarks800 (133)667 2.5Total as of January 31, 2025$101,565 $(7,318)$94,247 10.1(1)    Includes amounts recognized in connection with the acquisitions of Hearsay and Places Scout of $76.2 million and $0.9 million, respectively. (2)    Includes amounts recognized in connection with the acquisitions of Hearsay and Places Scout of $24.8 million and $5.6 million, respectively.  

(3)    Includes amounts recognized in connection with the acquisition of Hearsay of $0.9 million.  

8. Property and Equipment, Net

Property and equipment are recorded at cost and depreciated or amortized on a straight-line basis over their estimated useful lives. Property and equipment, net consisted of the following:(in thousands)October 31, 2025January 31, 2025Computer software$25,486 $24,086 Office equipment23,792 23,529 Furniture and fixtures7,227 7,894 Leasehold improvements 59,919 59,944 Construction in progress40 27 Software in progress1,310 548 Total property and equipment, gross117,774 116,028 Less: accumulated depreciation(84,837)(76,339)Total property and equipment, net$32,937 $39,689 As of October 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 $2.6 million and $8.1 million for the three and nine months ended October 31, 2025, respectively, and $2.8 million and $8.6 million for the three and nine months ended October 31, 2024, respectively. In the third quarter of fiscal 2026, the Company subleased a floor of its corporate headquarters. In connection with this arrangement, the