Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 130

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 130
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 Goodwill acquired - Hearsay Social, Inc 100,530 Measurement period adjustments (8,101) Effect of foreign currency translation on Goodwill acquired (125) Balance as of January 31, 2025 $ 96,782 The Company determined that no events occurred or circumstances changed that would more likely than not reduce the fair value of the Company's reporting unit below its carrying amount during the reporting periods ended January 31, 2025, and 2024. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future. Intangible Assets The Company’s intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives, which range from 3 to 15 years. Intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The Company has no indefinite-lived intangible assets. The Company determined that no events occurred or circumstances changed during the reporting periods ended January 31, 2025 and 2024 that would indicate that its intangible assets with finite lives may not be recoverable. However, if certain events occur or circumstances change, it may be necessary to record impairment charges in the future. Amortization expense was $7.1 million for the fiscal year ended January 31, 2025, and less than $0.1 million for each the fiscal years ended January 31, 2024 and 2023, respectively. 81

The gross carrying amount and accumulated amortization of intangible assets other than goodwill are as follows: As of January 31, 2025 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Remaining Useful Life Domains $ 365 $ (221) $ 144 6.0 Customer relationships (1) 76,200 (2,931) 73,269 12.5 Technology (1) 24,200 (4,033) 20,167 2.5 Trademarks (1) 800 (133) 667 2.5 Total as of January 31, 2025 $ 101,565 $ (7,318) $ 94,247 10.1 As of January 31, 2024 (in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Remaining Useful Life Domains $ 365 $ (197) $