Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 285

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 285
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 Company recorded a $3.8 million impairment loss during the three and nine months ended October 31, 2025, of which $2.8 million was attributable to the right-of-use asset and $1.0 million to the related leasehold improvements. The following table summarizes the Company’s impairment loss for the periods presented:

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Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024Cost of revenue$1,097 $— $1,097 $— Sales and marketing1,035 — 1,035 — Research and development921 — 921 — General and administrative754 — 754 — Total impairment loss$3,807 $— $3,807 $— 

9. Accounts Payable, Accrued Expenses and Other Current Liabilities

Accounts payable, accrued expenses and other current liabilities consisted of the following:(in thousands)October 31, 2025January 31, 2025Accounts payable$3,965 $4,771 Accrued employee compensation (1)15,545 29,153 Accrued Publisher Network fees2,930 4,051 Accrued professional services and associated costs3,052 3,131 Accrued employee stock purchase plan withholdings liability498 1,565 Other current liabilities (2)(3) 13,040 27,351 Total accounts payable, accrued expenses and other current liabilities$39,030 $70,022 (1)    As of October 31, 2025 and January 31, 2025, accrued employee compensation included $0.3 million and $8.6 million, respectively, related to the portion of the incentive pool and other retention arrangements where continuing service is required arising from the Hearsay acquisition.(2)    As of January 31, 2025, other current liabilities included $9.7 million payable to Hearsay owners in connection with escrow funds held by Yext related to indemnity claims in connection with the Hearsay acquisition. During the three months ended October 31, 2025, the escrow balances were fully released and the corresponding liabilities were settled. (3)    As of January 31, 2025, other current liabilities included $8.8 million, related to the incentive pool allocated to founders and early employees in