Fair Value of Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2026

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The Company's assets and liabilities measured at fair value on a recurring basis, by level, within the fair value hierarchy are as follows:


	January 31, 2026
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:

Money market funds	$	36,227	$	—	$	—	$	36,227
Commercial paper	—		29,895		—		29,895
U.S. treasury securities	—		29,876		—		29,876

Total assets	$	36,227	$	59,771	$	—	$	95,998
Liabilities:
Contingent consideration	$	—	$	—	$	8,200	$	8,200
Total liabilities	$	—	$	—	$	8,200	$	8,200
	January 31, 2025
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:

Money market funds	$	36,371	$	—	$	—	$	36,371

Total assets	$	36,371	$	—	$	—	$	36,371
Liabilities:
Contingent consideration	$	—	$	—	$	45,000	$	45,000
Total liabilities	$	—	$	—	$	45,000	$	45,000

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The key inputs as of the acquisition date are outlined below:


Volatility						15%
Revenue beta						0.35
Expected timing of payment						FY 2026 - FY 2027
Discount rate						5.90% - 6.20%

The key inputs as of January 31, 2026 are outlined below:



Volatility						12.9%
Revenue beta						0.29
Expected timing of payment						FY 2027
Discount rate						8.84% - 8.90%

A rollforward of the fair value of the contingent consideration liability for the fiscal year ended January 31, 2026 is as follows:


(in thousands)
Balance as of January 31, 2025	$	45,000
Measurement period adjustment	300
Changes in fair value(1)	(28,600)
Payments made in the period	(8,500)
Balance as of January 31, 2026	$	8,200

(1) Changes in fair value during fiscal year ended January 31, 2026, were primarily driven by a decline in the estimated achievement of the defined milestones.

Yext, Inc. 10-K