Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 328

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 328
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. As of September 1, 2025, all remaining payments related to the incentive pool were settled in cash for $18.2 million. In aggregate, incentive pool payments totaled $19.9 million, with forfeitures amounting to $0.1 million.Acquisition-related costs related to Hearsay totaled $11.2 million. These costs were expensed as incurred and include $8.8 million related to the portion of the incentive pool attributable to Hearsay founders and early employees, as well as professional fees. Acquisition-related costs are presented within general and administrative expense in the Company's condensed consolidated statement of operations and comprehensive income (loss). 

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The following table summarizes the purchase price allocation of the fair values of the assets acquired and liabilities assumed at the acquisition date:(amounts in thousands)Assets acquired:   Cash and cash equivalents $26,362   Accounts receivable, net5,619   Prepaid expenses and other current assets 2,454   Property and equipment, net399   Operating lease right-of-use assets414   Other long term assets (1) 5,942 Liabilities assumed:   Accounts payable, accrued expenses, and other current liabilities (5,127)  Operating lease liabilities, current(74)  Unearned revenue, current(37,672)  Operating lease liabilities, non-current(340)  Other long term liabilities (1)(2)(11,340)Identifiable intangible assets acquired (3)101,850 Net assets acquired $88,487 Goodwill$92,240 Total consideration (4)(5)$180,727   (1)    Other long term assets includes a $5.9 million indemnification asset, with the underlying indemnified liability of $6.2 million recorded within other long term liabilities.(2)    Included within other long term liabilities is a deferred tax liability of $3.6 million.(3)    Inclusive of measurement period adjustments of $0.7 million recorded during the three months ended April 30, 2025.(4)    Inclusive of post-closing adjustments of less than $0.1 million.(5)    Inclusive of measurement period adjustments of $0.3 million related to contingent consideration recorded during the three months ended April 30, 2025.The Company determined the fair value of assets acquired and liabilities assumed by using available market information