Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 337

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 337
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 of paymentFY 2026 - FY 2027Discount rate7.65% - 7.93% 

17

A rollforward of the fair value of the contingent consideration liability for the nine months ended October 31, 2025 is as follows:(in thousands)Balance as of January 31, 2025$45,000 Measurement period adjustment300 Change in fair value1,800 Balance as of April 30, 202547,100 Change in fair value (1)(23,400)Balance as of July 31, 202523,700 Change in fair value (1)(4,300)Balance as of October 31, 2025$19,400 (1)    Changes in fair value during both the three months ended July 31, 2025 and October 31, 2025, were primarily driven by a decline in the estimated achievement of the defined milestones.

7. Goodwill and Intangible Assets

GoodwillGoodwill is not amortized but is subject to periodic testing for impairment at the reporting unit level, which is at or one level below the operating segment level. The Company operates as one operating segment, which represents its one reporting unit. The test for impairment is conducted annually each November 1st, or more frequently if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount.On February 7, 2025, the Company completed its acquisition of Places Scout and during the three months ended April 30, 2025, the Company recorded additional measurement period adjustments upon finalizing the accounting for its acquisition of Hearsay, which resulted in the following changes in the carrying amount of goodwill. See Note 4 "Business Combinations" for additional information.The following table presents a reconciliation of the beginning and ending balances of goodwill:(in thousands)Balance as of January 31, 2025$96,782 Goodwill acquired - Places Scout13,801 Measurement period adjustments related to Hearsay acquisition(189)Effect of foreign currency translation on Goodwill acquired 332 Balance as of October 31, 2025$110,726 The Company determined that no events occurred or circumstances changed that would more likely than not reduce the fair value of the Company's reporting unit below its carrying amount during the reporting periods ended October 31, 2025 and January 31, 2025. However, if certain events occur or