Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 128

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 128
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 prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 inputs are based on quoted prices in active markets for identical assets or liabilities. Level 2 inputs are based on observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 inputs are based on unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities, and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. 79

The Company's assets and liabilities measured at fair value on a recurring basis, by level, within the fair value hierarchy are as follows: January 31, 2025 (in thousands) Level 1 Level 2 Level 3 Total Assets: Money market funds $ 36,371 $ — $ — $ 36,371 Total assets $ 36,371 $ — $ — $ 36,371 Liabilities: Contingent consideration(1) $ — $ — $ 45,000 $ 45,000 Total liabilities $ — $ — $ 45,000 $ 45,000 January 31, 2024 (in thousands) Level 1 Level 2 Level 3 Total Assets: Money market funds $ 63,966 $ — $ — $ 63,966 U.S. treasury securities — 82,635 — 82,635 Total assets $ 63,966 $ 82,635 $ — $ 146,601 (1) As of January 31, 2025, contingent consideration includes $26.9 million classified as current and $18.1 million classified as non-current. The Company’s cash equivalents and marketable securities for the periods presented were valued using quoted market prices or alternative pricing sources and models utilizing observable market inputs and were classified as Level 1 or Level 2, accordingly. As of January 31, 2025, the Company measured its contingent consideration associated with the Acquisition, on a recurring basis using significant unobservable inputs, classified as Level 3. Contingent Consideration The Company records contingent consideration resulting from a business combination at its