Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 243

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 243
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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)April 30, 2025January 31, 2025Computer software$24,296 $24,086 Office equipment23,562 23,529 Furniture and fixtures7,850 7,894 Leasehold improvements 60,296 59,944 Construction in progress39 27 Software in progress996 548 Total property and equipment, gross117,039 116,028 Less: accumulated depreciation(79,168)(76,339)Total property and equipment, net$37,871 $39,689 

As of April 30, 2025 and January 31, 2025, the Company's property and equipment, net attributable to the United States was 91% in both periods. 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 $3.0 million for the three months ended April 30, 2025 and 2024, respectively. 

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9. Accounts Payable, Accrued Expenses and Other Current Liabilities

Accounts payable, accrued expenses and other current liabilities consisted of the following:(in thousands)April 30, 2025January 31, 2025Accounts payable$6,887 $4,771 Accrued employee compensation (1)24,827 29,153 Accrued Publisher Network fees2,762 4,051 Accrued professional services and associated costs2,724 3,131 Accru