Company: YEXT
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001614178-25-000077
Chunk: 236

Company: Yext, Inc.
Filing Date: 2025-06-09
Form: 10-Q
Item: Part I, Item 8
Chunk 236
---
 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). 

12

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 and various valuation methods that require judgement related to estimates. During the fiscal year ended January 31, 2025, the Company refined its estimates pertaining to the valuation of intangible assets which resulted in an increase of $9.9 million in intangible assets, a $1.7 million increase in deferred tax liabilities, as well as an increase to the useful life of customer relationships from 12 years to 13 years. During the three months ended April 30, 2025, the Company