Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 286

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 286
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 connection with the Hearsay acquisition. Payments to settle this liability were made during the three months ended October 31, 2025.

 10. Stock-Based Compensation

Stock-Based Compensation Expense  Stock-based compensation represents the cost related to stock-based awards granted in lieu of monetary payment. The Company measures stock-based compensation associated with stock-based awards issued to employees at the grant date, based on the estimated fair value of the award, and recognizes expense, net of estimated forfeitures, over the requisite service period of the applicable award generally using the straight-line method or accelerated attribution method. The following table summarizes the Company's stock-based compensation expense for equity classified awards for the periods presented:Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024Equity classified awards: Cost of revenue$648 $701 $2,048 $2,087 Sales and marketing2,403 4,104 5,518 10,010 Research and development3,621 2,533 10,573 7,923 General and administrative5,666 5,355 19,820 17,071 Total stock-based compensation expense$12,338 $12,693 $37,959 $37,091 In addition, certain liability classified awards were granted in connection with the Hearsay acquisition and relate to portions of the incentive pool and earnout that generally vest over one year from the Hearsay acquisition date. These awards may be settled in cash or shares at the Company's election, and are measured at fair value at each reporting date based on their expected value, with compensation cost being recognized over the related service period. The corresponding liabilities associated with these awards are included within accounts payable, accrued expenses and other current liabilities, and other long term liabilities on the Company's condensed consolidated balance sheet depending on the estimated settlement date of the award. The following table summarizes the Company's compensation expense for liability classified awards for the periods presented:

20

Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024Liability classified awards:Cost of revenue$(9)$94 $701 $94 Sales and marketing(94)1,759 421 1,759 Research and development(66)1,023 1,096 1,023 General and administrative(13)250 214 250 Total compensation expense (1)$(182)$3,