Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 240

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 240
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 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.

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The Company's assets and liabilities measured at fair value on a recurring basis, by level, within the fair value hierarchy are as follows:April 30, 2025(in thousands) Level 1 Level 2 Level 3 Total Assets: Money market funds$44,840 $— $— $44,840 Total assets $44,840 $— $— $44,840 Liabilities:Contingent consideration(1)$— $— $47,100 $47,100 Total liabilities$— $— $47,100 $47,100 January 31, 2025(in thousands)Level 1Level 2Level 3TotalAssets:Money market funds $36,371 $— $— $36,371 Total assets$36,371 $— $— $36,371 Liabilities:Contingent consideration$— $— $45,000 $45,000 Total liabilities$— $— $45,000 $45,000 (1)    As of April 30, 2025, contingent consideration includes $25.3 million classified as current and $21.8 million classified as non-current.The Company’s cash equivalents and marketable securities for the periods presented were valued using quoted market prices and were classified as Level 1.As of April 30, 2025, the Company measured its contingent consideration associated with the Hearsay 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 fair value on the acquisition date. The Company generally determines the fair value of contingent consideration using the Real Options Method that employs a Monte Carlo simulation model. Each reporting period thereafter, these obligations are reval