Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 283

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 283
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 held by Yext related to indemnity claims in connection with the Hearsay acquisition. (3)    As of July 31, 2025 and January 31, 2025, other current liabilities included $8.8 million related to the incentive pool allocated to founders and early employees in connection with the Hearsay acquisition.

 10. Stock-Based Compensation

Stock-Based Compensation Expense  Stock-based compensation represents the cost related to stock-based awards granted in lieu of monetary payment. The Company measures stock-based compensation associated with stock-based awards issued to employees at the grant date, based on the estimated fair value of the award, and recognizes expense, net of estimated forfeitures, over the requisite service period of the applicable award generally using the straight-line method or accelerated attribution method. The following table summarizes the Company's stock-based compensation expense for equity classified awards for the periods presented:Three months ended July 31,Six months ended July 31,(in thousands)2025202420252024Equity classified awards: Cost of revenue$729 $698 $1,400 $1,386 Sales and marketing704 3,155 3,115 5,906 Research and development3,818 2,607 6,952 5,390 General and administrative7,711 5,873 14,154 11,716 Total stock-based compensation expense$12,962 $12,333 $25,621 $24,398 In addition, certain liability classified awards were granted in connection with the Hearsay acquisition and relate to portions of the incentive pool and earnout that generally vest over one year from the Hearsay acquisition date. These awards may be settled in cash or shares at the Company's election, and are measured at fair value at each reporting date based on their expected value, with compensation cost being recognized over the related service period. The corresponding liabilities associated with these awards are included within accounts payable, accrued expenses and other current liabilities, and other long term liabilities on the Company's condensed consolidated balance sheet depending on the estimated settlement date of the award. The following table summarizes the Company's compensation expense for liability classified awards for the periods presented:Three months ended July 31,Six months ended July 31,(in thousands)2025202420252024Liability classified awards:Cost of revenue$225 $— $716 $— Sales and marketing100 — 573 — Research and development514 —