Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 279

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 279
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 would have been if the acquisition had occurred at the beginning of fiscal year 2024, nor are they indicative of future results of operations:(in thousands)Three months ended October 31,Nine months ended October 31,20242024Revenue$113,989 $339,058 Net loss$3,862 $(21,976)Places Scout Acquisition 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 the Company's ability to provide best-in-class competitive intelligence, benchmarking, and AI-powered insights. The preliminary purchase price of $20.3 million was allocated to intangible assets including technology and customer relationships, totaling $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: October 31, 2025(in thousands)Amortized CostUnrealized GainsUnrealized LossesFair ValueMoney market funds$28,433 $— $— $28,433 Commercial paper29,908 — (4)29,904 U.S. treasury securities29,845 5 — 29,850 Total marketable securities$88,186 $5 $(4)$88,187 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