Company: YEXT
Filing Date: 2025-04-28
Form Type: ARS
Source: 0001614178-25-000048
Chunk: 104

Company: Yext, Inc.
Filing Date: 2025-04-28
Form: ARS
Chunk 104
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 material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. Definition and Limitations of Internal Control Over Financial Reporting A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. /s/ Ernst & Young, LLP New York, New York March 13, 2025 63

YEXT, INC. Consolidated Balance Sheets (In thousands, except share and per share data) January 31, 2025 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 123,133 $ 210,184 Restricted cash, current 9,671 — Accounts receivable, net of allowances of $2,014 and $1,013, respectively 112,942 108,198 Prepaid expenses and other current assets 18,094 14,849 Costs to obtain revenue contracts, current 21,961 26,680 Total current assets 285,801 359,911 Property and equipment, net 39,689 48,542 Operating lease right-of-use assets 67,452 75,989 Restricted cash, non-current 5,850 — Costs to obtain revenue contracts, non-current 11,145 16,710 Goodwill 96,782 4,478 Intangible assets, net 94