Yext (YEXT) 10-Q4 Sep 242025 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jul. 31, 2024	Aug. 21, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2024
Document Transition Report	false
Entity File Number	001-38056
Entity Registrant Name	YEXT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8059722
Entity Address, Address Line One	61 Ninth Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	212
Local Phone Number	994-3900
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	YEXT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		127,920,766
Entity Central Index Key	0001614178
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 234,823	$ 210,184
Accounts receivable, net of allowances of $926 and $1,013, respectively	45,870	108,198
Prepaid expenses and other current assets	18,312	14,849
Costs to obtain revenue contracts, current	23,048	26,680
Total current assets	322,053	359,911
Property and equipment, net	44,037	48,542
Operating lease right-of-use assets	71,872	75,989
Costs to obtain revenue contracts, non-current	12,793	16,710
Goodwill	4,478	4,478
Intangible assets, net	156	168
Other long term assets	2,815	3,012
Total assets	458,204	508,810
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	33,740	38,766
Unearned revenue, current	156,194	212,210
Operating lease liabilities, current	17,574	16,798
Total current liabilities	207,508	267,774
Operating lease liabilities, non-current	83,201	89,562
Other long term liabilities	4,692	4,300
Total liabilities	295,401	361,636
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock, $0.001 par value per share; 50,000,000 shares authorized at July 31, 2024 and January 31, 2024; zero shares issued and outstanding at July 31, 2024 and January 31, 2024	0	0
Common stock, $0.001 par value per share; 500,000,000 shares authorized at July 31, 2024 and January 31, 2024; 150,518,464 and 148,197,347 shares issued at July 31, 2024 and January 31, 2024, respectively; 127,144,940 and 124,867,093 shares outstanding at July 31, 2024 and January 31, 2024, respectively	150	148
Additional paid-in capital	966,550	942,622
Accumulated other comprehensive loss	(4,359)	(4,183)
Accumulated deficit	(687,046)	(679,172)
Treasury stock, at cost	(112,492)	(112,241)
Total stockholders’ equity	162,803	147,174
Total liabilities and stockholders’ equity	$ 458,204	$ 508,810

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 926	$ 1,013
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock shares authorized (in shares)	50,000,000	50,000,000
Preferred stock shares issued (in shares)	0	0
Preferred stock shares outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized (in shares)	500,000,000	500,000,000
Common stock shares issued (in shares)	150,518,464	148,197,347
Common stock shares outstanding (in shares)	127,144,940	124,867,093

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Income Statement [Abstract]
Revenue	$ 97,887	$ 102,598	$ 193,877	$ 202,051
Cost of revenue	22,293	22,393	43,839	43,743
Gross profit	75,594	80,205	150,038	158,308
Operating expenses:
Sales and marketing	41,957	47,591	85,211	91,587
Research and development	18,580	18,890	35,639	35,643
General and administrative	22,623	17,955	42,180	36,541
Total operating expenses	83,160	84,436	163,030	163,771
Loss from operations	(7,566)	(4,231)	(12,992)	(5,463)
Interest income	2,395	1,840	4,755	3,374
Interest expense	(124)	(88)	(516)	(161)
Other expense, net	(204)	(297)	(342)	(617)
Loss from operations before income taxes	(5,499)	(2,776)	(9,095)	(2,867)
Benefit from (provision for) income taxes	1,442	(661)	1,221	(982)
Net loss	$ (4,057)	$ (3,437)	$ (7,874)	$ (3,849)
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ (0.03)	$ (0.03)	$ (0.06)	$ (0.03)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ (0.03)	$ (0.03)	$ (0.06)	$ (0.03)
Weighted-average number of shares used in computing net loss per share attributable to common stockholders, basic (in shares)	126,535,481	124,358,526	125,967,631	123,821,653
Weighted-average number of shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	126,535,481	124,358,526	125,967,631	123,821,653
Other comprehensive (loss) income:
Foreign currency translation adjustment	$ 237	$ (196)	$ (180)	$ 154
Unrealized gain (loss) on marketable securities, net	12	(8)	4	(12)
Total comprehensive loss	$ (3,808)	$ (3,641)	$ (8,050)	$ (3,707)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Treasury Stock
Beginning of period (in shares) at Jan. 31, 2023		122,335,000
Beginning of period at Jan. 31, 2023	$ 128,023	$ 142	$ 897,368	$ (3,617)	$ (676,542)	$ (89,328)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		1,514,000
Exercise of stock options	8,583	$ 1	8,582
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes (in shares)		1,464,000
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes	(7,752)	$ 2	(7,754)
Issuance of restricted stock (in shares)		75,000
Issuance of common stock under employee stock purchase plan (in shares)		492,000
Issuance of common stock under employee stock purchase plan	2,120	$ 1	2,119
Stock-based compensation	22,779		22,779
Repurchase of common stock (in shares)		(1,226,000)
Repurchase of common stock	(11,025)					(11,025)
Other comprehensive income (loss)	142			142
Net loss	(3,849)				(3,849)
End of period (in shares) at Jul. 31, 2023		124,654,000
End of period at Jul. 31, 2023	139,021	$ 146	923,094	(3,475)	(680,391)	(100,353)
Beginning of period (in shares) at Apr. 30, 2023		124,214,000
Beginning of period at Apr. 30, 2023	140,587	$ 145	914,608	(3,271)	(676,954)	(93,941)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		258,000
Exercise of stock options	1,339		1,339
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes (in shares)		782,000
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes	(4,512)	$ 1	(4,513)
Issuance of restricted stock (in shares)		62,000
Stock-based compensation	11,660		11,660
Repurchase of common stock (in shares)		(662,000)
Repurchase of common stock	(6,412)					(6,412)
Other comprehensive income (loss)	(204)			(204)
Net loss	(3,437)				(3,437)
End of period (in shares) at Jul. 31, 2023		124,654,000
End of period at Jul. 31, 2023	$ 139,021	$ 146	923,094	(3,475)	(680,391)	(100,353)
Beginning of period (in shares) at Jan. 31, 2024	124,867,093	124,867,000
Beginning of period at Jan. 31, 2024	$ 147,174	$ 148	942,622	(4,183)	(679,172)	(112,241)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	258,606	259,000
Exercise of stock options	$ 791		791
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes (in shares)		1,411,000
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes	(3,786)	$ 2	(3,788)
Issuance of restricted stock (in shares)		138,000
Issuance of common stock under employee stock purchase plan (in shares)		513,000
Issuance of common stock under employee stock purchase plan	2,351		2,351
Stock-based compensation	24,574		24,574
Repurchase of common stock (in shares)		(43,000)
Repurchase of common stock	(251)					(251)
Other comprehensive income (loss)	(176)			(176)
Net loss	$ (7,874)				(7,874)
End of period (in shares) at Jul. 31, 2024	127,144,940	127,145,000
End of period at Jul. 31, 2024	$ 162,803	$ 150	966,550	(4,359)	(687,046)	(112,492)
Beginning of period (in shares) at Apr. 30, 2024		126,129,000
Beginning of period at Apr. 30, 2024	155,674	$ 149	955,363	(4,608)	(682,989)	(112,241)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)		166,000
Exercise of stock options	508		508
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes (in shares)		775,000
Vested restricted stock units converted to common shares, net of shares withheld for employee taxes	(1,740)	$ 1	(1,741)
Issuance of restricted stock (in shares)		118,000
Stock-based compensation	12,420		12,420
Repurchase of common stock (in shares)		(43,000)
Repurchase of common stock	(251)					(251)
Other comprehensive income (loss)	249			249
Net loss	$ (4,057)				(4,057)
End of period (in shares) at Jul. 31, 2024	127,144,940	127,145,000
End of period at Jul. 31, 2024	$ 162,803	$ 150	$ 966,550	$ (4,359)	$ (687,046)	$ (112,492)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Operating activities:
Net loss	$ (7,874)	$ (3,849)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense	5,814	9,089
Bad debt expense	363	602
Stock-based compensation expense	24,398	22,577
Amortization of operating lease right-of-use assets	4,265	4,611
Other, net	481	184
Changes in operating assets and liabilities:
Accounts receivable	62,021	54,943
Prepaid expenses and other current assets	(3,231)	(538)
Costs to obtain revenue contracts	7,619	6,554
Other long term assets	215	726
Accounts payable, accrued expenses and other current liabilities	(4,649)	(14,158)
Unearned revenue	(56,370)	(55,324)
Operating lease liabilities	(5,742)	(5,848)
Other long term liabilities	350	141
Net cash provided by operating activities	27,660	19,710
Investing activities:
Capital expenditures	(1,192)	(1,567)
Net cash used in investing activities	(1,192)	(1,567)
Financing activities:
Proceeds from exercise of stock options	791	8,610
Repurchase of common stock	(201)	(10,996)
Payments for taxes related to net share settlement of stock-based compensation awards	(3,781)	(7,750)
Payments of deferred financing costs	(659)	(301)
Proceeds, net from employee stock purchase plan withholdings	1,842	2,176
Net cash used in financing activities	(2,008)	(8,261)
Effect of exchange rate changes on cash and cash equivalents	179	431
Net increase in cash and cash equivalents	24,639	10,313
Cash and cash equivalents at beginning of period	210,184	190,214
Cash and cash equivalents at end of period	$ 234,823	$ 200,527

Organization and Description of

Organization and Description of Business	6 Months Ended
Organization and Description of Business	Jul. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Description of Business Yext, Inc. ("Yext" or the "Company") empowers businesses to manage their knowledge so they can deliver relevant, actionable answers to consumer questions as well as consistent, accurate and engaging experiences to customers throughout the digital ecosystem. The Company's digital presence platform (also known as the Answers Platform) lets businesses structure and organize information about their brands in the Company's knowledge graph, Yext Content (also known as the Knowledge Graph), which is then delivered across first- and third-party websites and applications through its network of over 200 service and application providers, which the Company refers to as its Publisher Network. The Company's platform powers all of the Company's key products, including Listings, Reviews, Pages, and Search, each with robust analytics capabilities for businesses to easily track performance across customer experiences. Fiscal Year The Company's fiscal year ends on January 31 st . References to fiscal 2025, for example, are to the fiscal year ending January 31, 2025.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jul. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and applicable rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2024, filed with the SEC on March 13, 2024 (the "Form 10-K"). The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of January 31, 2024, included herein, was derived from the audited financial statements as of that date, but does not include all disclosures including certain notes required by GAAP on an annual reporting basis. In the opinion of management, the accompanying condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods. The results for the six months ended July 31, 2024 are not necessarily indicative of the results to be expected for any subsequent quarter, the fiscal year ending January 31, 2025, or any other period. There have been no material changes to the Company's significant accounting policies as described in the Form 10-K. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of those financial statements and the reported amounts of revenue and expense during the reporting period. These estimates include, but are not limited to, the standalone selling prices of performance obligations, the incremental borrowing rate associated with lease liabilities, the useful life of capitalized costs to obtain revenue contracts, income taxes, and the valuation and assumptions underlying stock-based compensation. Management bases its estimates on historical experience and on various other market-specific and relevant assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates and such differences could be material to the financial position and results of operations. Segment Information The Company is the provider of the platform and operates as one operating segment. An operating segment is defined as a component of an enterprise for which separate financial information is evaluated regularly by the chief operating decision makers ("CODM"). The Company defines its CODM as its executive officers, and their role is to make decisions about allocating resources and assessing performance. The Company's business operates as one operating segment as all of the Company's offerings operate on the Company's platform and are deployed in an identical way, with its CODM evaluating the Company's financial information, resources and performance of these resources on a consolidated basis. Since the Company operates as one operating segment, all required financial segment information can be found in the condensed consolidated financial statements. Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for the Company's annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2023-07. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning in fiscal 2026, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating the impact of ASU 2023-09.

Revenue

Revenue	6 Months Ended
Revenue	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Performance Obligations The Company has identified that it has two distinct performance obligations: subscription and associated support to the Company's platform and professional services. The Company's revenue is predominately related to its subscription and associated support to the Company's platform. Professional services revenue accounted for approximately 7% and 8% of the Company's total revenue for the six months ended July 31, 2024 and 2023, respectively. Geographic Region The Company disaggregates its revenue from contracts with customers by geographic region, as it believes this best depicts how the nature, amount, timing, and uncertainty of its revenues and cash flows are affected by economic factors. Revenue by geographic region is determined based on the region of the Company's contracting entity, which may be different than the region of its customers. The following table presents the Company's revenue by geographic region: Three months ended July 31, Six months ended July 31, (in thousands) 2024 2023 2024 2023 North America $ 76,823 $ 80,819 $ 152,180 $ 159,319 International 21,064 21,779 41,697 42,732 Total revenue $ 97,887 $ 102,598 $ 193,877 $ 202,051 North America revenue is attributable to the United States. International revenue is predominantly attributable to European countries, but also includes Japan. The Company's revenue attributable to the United States represented 78% of total revenue, revenue attributable to the United Kingdom, which serves as the Company's main contracting entity for Europe, represented 20% of total revenue, and no other individual country represented more than 10% of total revenue for the six months ended July 31, 2024. The Company's revenue attributable to the United States represented 79% of total revenue, revenue attributable to the United Kingdom, which serves as the Company's main contracting entity for Europe, represented 20% of total revenue, and no other individual country represented more than 10% of total revenue for the six months ended July 31, 2023. Contract Assets The Company records a contract asset when revenue is recognized prior to being billed. Contract assets were $1.0 million as of July 31, 2024 and were not significant as of January 31, 2024. Contract assets are included in prepaid expenses and other current assets on the condensed consolidated balance sheet. Contract Liabilities A contract liability is an obligation to transfer goods or services for which consideration has been received or is due to a customer. The Company's contract liabilities consist primarily of unearned revenue and, to a lesser extent, customer deposits. As of July 31, 2024, unearned revenue, current was $156.2 million, while unearned revenue, non-current, which is included within other long term liabilities on the Company's condensed consolidated balance sheet, was $0.8 million. Revenue recognized of $144.2 million during the six months ended July 31, 2024 was included in unearned revenue at the beginning of the period. Customer deposits represent payments received in advance in instances where a revenue contract is cancelable in nature, and therefore the Company does not have an unconditional obligation to transfer control to a customer. As of July 31, 2024 and January 31, 2024, customer deposits of $1.0 million and $0.2 million are included in accounts payable, accrued expenses and other current liabilities on the Company's condensed consolidated balance sheet, respectively. Remaining Performance Obligations The transaction price allocated to remaining performance obligations represents amounts under non-cancelable contracts expected to be recognized as revenue in future periods, and may be influenced by several factors, including seasonality, the timing of renewals, and contract terms. As of July 31, 2024, the Company had $396.5 million of remaining performance obligations, of which $349.4 million is expected to be recognized as revenue over the next twenty-four months, with the remaining balance expected to be recognized thereafter. As of January 31, 2024, the Company had $465.1 million of remaining performance obligations.

Investments in Marketable Secur

Investments in Marketable Securities	6 Months Ended
Investments in Marketable Securities	Jul. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investments in Marketable Securities	Investments in Marketable Securities The following tables summarize the Company's investments in marketable securities: July 31, 2024 (in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Money market funds $ 415 $ — $ — $ 415 U.S. treasury securities 44,150 — (2) 44,148 Total marketable securities $ 44,565 $ — $ (2) $ 44,563 January 31, 2024 (in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Money market funds $ 63,966 $ — $ — $ 63,966 U.S. treasury securities 82,642 — (7) 82,635 Total marketable securities $ 146,608 $ — $ (7) $ 146,601 As of July 31, 2024 and January 31, 2024, the Company's marketable securities have a maturity of 90 days or less and are classified as cash and cash equivalents. During the six months ended July 31, 2024 and 2023, the Company had no material reclassification adjustments from accumulated other comprehensive loss to net loss. The Company classifies interest income on investments in marketable securities, amortization of premiums and discounts, and realized gains and losses on securities available for sale within interest income in the condensed consolidated statements of operations and comprehensive loss. The Company regularly reviews its debt securities and monitors the surrounding economic conditions to assess the risk of expected credit losses. As of July 31, 2024 and January 31, 2024, the unrealized losses and the related risk of expected credit losses were not significant.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Jul. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Subsequent changes in fair value of these financial assets and liabilities are recognized in earnings or other comprehensive (loss) income when they occur. When determining the fair value measurements for assets and liabilities which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurement or assumptions that market participants would use in pricing the assets or liabilities, such as inherent risk, transfer restrictions, and credit risk. The Company applies the following fair value hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: Level 1 inputs are based on quoted prices in active markets for identical assets or liabilities. Level 2 inputs are based on observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 inputs are based on unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities, and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The Company's assets measured at fair value on a recurring basis, by level, within the fair value hierarchy are as follows: July 31, 2024 (in thousands) Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 415 $ — $ — $ 415 U.S. treasury securities — 44,148 — 44,148 Included in cash and cash equivalents $ 415 $ 44,148 $ — $ 44,563 January 31, 2024 (in thousands) Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 63,966 $ — $ — $ 63,966 U.S. treasury securities — 82,635 — 82,635 Included in cash and cash equivalents $ 63,966 $ 82,635 $ — $ 146,601 The Company’s cash equivalents and marketable securities for the periods presented were valued using quoted market prices or alternative pricing sources and models utilizing observable market inputs and were classified as Level 1 or Level 2, accordingly.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
Property and Equipment, Net	Jul. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment are recorded at cost and depreciated or amortized on a straight-line basis over their estimated useful lives. Property and equipment, net consisted of the following: (in thousands) July 31, 2024 January 31, 2024 Computer software $ 23,204 $ 22,500 Office equipment 22,967 22,674 Furniture and fixtures 7,949 7,930 Leasehold improvements 60,079 59,927 Construction in progress 9 249 Software in progress 744 370 Total property and equipment, gross 114,952 113,650 Less: accumulated depreciation (70,915) (65,108) Total property and equipment, net $ 44,037 $ 48,542 As of July 31, 2024 and January 31, 2024, the Comp

Accounts Payable, Accrued Expen

Accounts Payable, Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jul. 31, 2024
Payables and Accruals [Abstract]
Accounts Payable, Accrued Expenses and Other Current Liabilities	Accounts Payable, Accrued Expenses and Other Current Liabilities Accounts payable, accrued expenses and other current liabilities consisted of the following: (in thousands) July 31, 2024 January 31, 2024 Accounts payable $ 5,673 $ 7,430 Accrued employee compensation 12,086 15,961 Accrued Publisher Network fees 1,956 1,839 Accrued professional services and associated costs 4,456 2,307 Accrued employee stock purchase plan withholdings liability 1,449 1,958 Other current liabilities 8,120 9,271 Total accounts payable, accrued expenses and other current liabilities $ 33,740 $ 38,766

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	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 the periods presented: Three months ended July 31, Six months ended July 31, (in thousands) 2024 2023 2024 2023 Cost of revenue $ 698 $ 768 $ 1,386 $ 1,412 Sales and marketing 3,155 4,067 5,906 7,886 Research and development 2,607 2,768 5,390 5,563 General and administrative 5,873 3,962 11,716 7,716 Total stock-based compensation expense $ 12,333 $ 11,565 $ 24,398 $ 22,577 Stock Options The following table summarizes the activity related to the Company's stock options: Outstanding Stock Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value Balance, January 31, 2024 2,021,494 $ 6.26 2.20 $ 989 Granted — $ — Exercised (258,606) $ 3.06 Forfeited or canceled (9,709) $ 10.35 Balance, July 31, 2024 1,753,179 $ 6.71 1.82 $ 227 Vested and expected to vest 1,753,179 $ 6.71 1.82 $ 227 Exercisable, July 31, 2024 1,753,179 $ 6.71 1.82 $ 227 Restricted Stock and Restricted Stock Units The following table summarizes the activity related to the Company's restricted stock and restricted stock units: Outstanding Weighted-Average Grant Date Fair Value Balance, January 31, 2024 9,790,748 $ 7.54 Granted 4,650,552 $ 5.58 Vested and converted to shares (2,183,455) $ 8.96 Forfeited or canceled (1,424,528) $ 7.12 Balance, July 31, 2024 10,833,317 $ 6.47 Performance-Based Restricted Stock Units The following table summarizes the activity related to the Company’s performance-based restricted stock units ("PSUs"): Number of PSUs Weighted-Average Grant Date Fair Value Balance, January 31, 2024 3,555,000 $ 5.98 Granted — $ — Vested — $ — Forfeited or canceled (25,000) $ 5.05 Balance, July 31, 2024 3,530,000 $ 5.98

Debt

Debt	6 Months Ended
Debt	Jul. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt On March 11, 2020, the Company entered into a credit agreement (the “Credit Agreement”) with Silicon Valley Bank (“SVB”). In January 2021, the Company amended the Credit Agreement which modified the conditions pursuant to which subsidiaries are required to become guarantors. On December 22, 2022, the Company entered into a second amendment (“Amendment No. 2”) to the Credit Agreement, dated March 11, 2020, and on July 26, 2024, the Company entered into a third amendment ("Amendment No. 3") to the Credit Agreement, collectively referred to as the Credit Facility. No significant debt issuance costs were incurred in association with Amendment No.2 and Amendment No.3. Amendment No. 2 amended the Credit Facility to, among other things (i) extend the maturity date of the Credit Facility to December 22, 2025, (ii) amend the interest rate provisions to replace LIBOR with SOFR as the interest rate benchmark, and (iii) amend the recurring revenue growth rate financial covenant. Amendment No. 3 amended the Credit Facility to, among other things (i) amend the interest rate applicable to loans under the Credit Facility, and (ii) replace the consolidated quick ratio and recurring revenue growth rate financial covenants with consolidated total leverage ratio and minimum liquidity financial covenants. The Credit Facility provides for a senior secured revolving loan facility of up to $50.0 million that matures on December 22, 2025, with the right subject to certain conditions to add an incremental revolving loan facility of up to $50.0 million in the aggregate. The revolving loan facility provides for borrowings up to the amount of the facility with sub-limits of up to (i) $30.0 million to be available for the issuance of letters of credit and (ii) $10.0 million to be available for swingline loans. As amended, the revolving loans bear interest, at the Company’s election, at an annual rate based on SOFR or a base rate. Loans based on SOFR shall bear interest at a rate between SOFR plus 1.75% and SOFR plus 2.25%, depending on the Company’s consolidated total leverage ratio and subject to a SOFR floor of 1.00%. Loans based on the base rate shall bear interest at a rate between the base rate minus 1.25% and the base rate minus 0.75%, depending on the Company’s consolidated total leverage ratio. The Company is also obligated to pay a commitment fee on the unused portion of the facility at a rate of 0.25% per annum. The obligations under the Credit Facility are secured by a lien on substantially all of the Company's tangible and intangible property and by a pledge of all of the Company's equity interests of material direct and indirect domestic subsidiaries and 66% of each class of capital stock of any material first-tier foreign subsidiaries, subject to limited exceptions. The Credit Facility contains customary affirmative and negative covenants and restrictions, as well as financial covenants that require us to maintain minimum liquidity of $35.0 million at all times and a consolidated total leverage ratio of no greater than 3.00 to 1.00, tested on a quarterly basis.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company calculates its year-to-date benefit from (provision for) income taxes by applying the estimated annual effective tax rate ("AETR") to year-to-date income or loss from operations before income taxes and adjusts for discrete tax items recorded in the period. During the three and six months ended July 31, 2024, the Company recorded a benefit from income taxes of $1.4 million and $1.2 million, respectively. During the three and six months ended July 31, 2023, the Company recorded a (provision for) income taxes of $(0.7) million and $(1.0) million, respectively. The Company's effective tax rate generally differs from the U.S. federal statutory tax rate primarily due to full valuation allowances related to the Company's net deferred tax assets in the U.S. and certain foreign jurisdictions, U.S. state income taxes, and foreign rate differential on profitable jurisdictions. The Company regularly evaluates the realizability of its deferred tax assets and establishes a valuation allowance on a jurisdictional basis if it is more likely than not that some or all the deferred tax assets will not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, loss carryback, and tax-planning strategies. Generally, more weight is given to objectively verifiable evidence, such as the cumulative loss in recent years, as a significant piece of negative evidence to overcome. To the extent sufficient positive evidence becomes available, a portion of the valuation allowance against certain net deferred tax assets could be released in the future and would result in a non-cash income tax benefit in the period of release.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contractual Obligations The Company is obligated to make payments under certain non-cancelable contractual obligations in the normal course of business. The Company's contractual obligations primarily relate to its operating and short-term lease arrangements for office space. Its other contractual obligations include contracts with its Publisher Network application providers, which generally have a term of one year, although some have a term of several years, and its software vendors, among others. These obligations represent minimum contractual payments, or the Company's best estimate for variable elements based on historical payments. The Company's contractual obligations have various expiry dates between fiscal years 2025 and 2035. As of July 31, 2024, the Company's contractual obligations are as follows (in thousands): Fiscal year ending January 31: Leases Other 2025 (remainder of fiscal year) $ 8,562 $ 21,342 2026 19,274 15,675 2027 19,340 8,937 2028 19,437 4,525 2029 19,297 16 2030 and thereafter 36,473 94 Total $ 122,383 $ 50,589 Legal Proceedings The Company is and may be involved in various legal proceedings arising in the normal course of business. Although the results of litigation and claims cannot be predicted with certainty, currently, in the opinion of the Company, the likelihood of any material adverse impact on the Company's results of operations, cash flows or the Company's financial position for any such litigation or claims is deemed to be remote. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense costs, diversion of management resources and other factors. Warranties and Indemnifications The Company's platform is in some cases warranted to perform in a manner consistent with general industry standards that are reasonably applicable and materially in accordance with the Company's product specifications. The Company's arrangements generally include certain provisions for indemnifying customers against liabilities if its products or services infringe a third-party's intellectual property rights and/or if the Company breaches its contractual agreements with a customer or in instances of negligence, fraud or willful misconduct by the Company. To date, the Company has not incurred any material costs as a result of such obligations and has not accrued any significant liabilities related to such obligations in the accompanying condensed consolidated financial statements. The Company has also agreed to indemnify certain of its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person's service as a director or officer, including any action by the Company, arising out of that person's services as the Company's director or officer or that person's services provided to any other company or enterprise at the Company's request. The Company maintains director and officer insurance coverage that would generally enable the Company to recover a portion of future amounts paid. The Company may also be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions.

Net Loss Per Share Attributable

Net Loss Per Share Attributable to Common Stockholders	6 Months Ended
Net Loss Per Share Attributable to Common Stockholders	Jul. 31, 2024
Earnings Per Share [Abstract]
Net Loss Per Share Attributable to Common Stockholders	Net Loss Per Share Attributable to Common Stockholders The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders: Three months ended July 31, Six months ended July 31, (in thousands, except share and per share data) 2024 2023 2024 2023 Numerator: Net loss attributable to common stockholders $ (4,057) $ (3,437) $ (7,874) $ (3,849) Denominator: Weighted-average common shares outstanding 126,535,481 124,358,526 125,967,631 123,821,653 Net loss per share attributable to common stockholders, basic and diluted $ (0.03) $ (0.03) $ (0.06) $ (0.03) Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Unvested restricted stock, restricted stock units, and performance-based restricted stock units where the market conditions have not been met are excluded from the denominator of basic net loss per share. Diluted net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted average number of common shares plus common equivalent shares for the period, including any dilutive effect from such shares. Since the Company was in a net loss position for all periods presented, net loss per share attributable to common stockholders was the same on a basic and diluted basis, as the inclusion of all potential common equivalent shares outstanding would have been anti-dilutive. Anti-dilutive common equivalent shares were as follows: As of July 31, 2024 2023 Options to purchase common stock 1,753,179 3,079,658 Restricted stock and restricted stock units 10,833,317 11,167,766 Shares estimated to be purchased under ESPP 373,424 225,903 Performance-based restricted stock units (1) 3,530,000 2,280,000 Total anti-dilutive common equivalent shares 16,489,920 16,753,327 (1) An additional 1.3 million shares of common stock may be awarded for certain PSUs based on the Company's total shareholder return ("TSR") relative to the TSR of companies in the S&P Software and Services Select Index over specified performance periods.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jul. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Following approval by the Company's Board of Directors, on June 10, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) for the acquisition of Hearsay Social, Inc. (“Hearsay”). Pursuant to the Merger Agreement, Hearsay became a wholly owned subsidiary of Yext upon closing of the transaction on August 1, 2024. The Company acquired Hearsay for approximately $125 million in cash, as adjusted for customary adjustments set forth in the Merger Agreement, and the assumption of Hearsay employee equity awards. The Company also offered participation rights to key employees and former founders of Hearsay in a bonus pool of $20 million that can be settled in cash or the Company’s common stock and shall be subject to 100% vesting on the first anniversary of closing, generally subject to continued employment. In addition, subject to the terms of the Merger Agreement, the Company may also be required to pay additional contingent consideration of up to $75 million to Hearsay based on the achievement of certain milestones (the “Earnout Consideration”). The Earnout Consideration shall be payable based on achievement of certain annual recurring revenue targets. The targets shall be measured at the end of the first and second anniversaries of closing. The Earnout Consideration may be settled in cash or the Company’s common stock at the Company’s election. The Company is currently evaluating the impact of this acquisition on its consolidated financial statements.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Pay vs Performance Disclosure
Net loss	$ (4,057)	$ (3,437)	$ (7,874)	$ (3,849)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jul. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and applicable rules and regulations of the Securities and Exchange Commission ("SEC") regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2024, filed with the SEC on March 13, 2024 (the "Form 10-K"). The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of January 31, 2024, included herein, was derived from the audited financial statements as of that date, but does not include all disclosures including certain notes required by GAAP on an annual reporting basis. In the opinion of management, the accompanying condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, comprehensive loss and cash flows for the interim periods. The results for the six months ended July 31, 2024 are not necessarily indicative of the results to be expected for any subsequent quarter, the fiscal year ending January 31, 2025, or any other period.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of those financial statements and the reported amounts of revenue and expense during the reporting period. These estimates include, but are not limited to, the standalone selling prices of performance obligations, the incremental borrowing rate associated with lease liabilities, the useful life of capitalized costs to obtain revenue contracts, income taxes, and the valuation and assumptions underlying stock-based compensation. Management bases its estimates on historical experience and on various other market-specific and relevant assumptions that it believes to be reasonable under the circumstances. Actual results could differ from those estimates and such differences could be material to the financial position and results of operations.
Segment Information	Segment Information The Company is the provider of the platform and operates as one operating segment. An operating segment is defined as a component of an enterprise for which separate financial information is evaluated regularly by the chief operating decision makers ("CODM"). The Company defines its CODM as its executive officers, and their role is to make decisions about allocating resources and assessing performance. The Company's business operates as one operating segment as all of the Company's offerings operate on the Company's platform and are deployed in an identical way, with its CODM evaluating the Company's financial information, resources and performance of these resources on a consolidated basis. Since the Company operates as one operating segment, all required financial segment information can be found in the condensed consolidated financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for the Company's annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2023-07. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company’s annual periods beginning in fiscal 2026, with early adoption permitted, and should be applied either prospectively or retrospectively. The Company is currently evaluating the impact of ASU 2023-09.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
Revenue (Tables)	Jul. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company's revenue by geographic region: Three months ended July 31, Six months ended July 31, (in thousands) 2024 2023 2024 2023 North America $ 76,823 $ 80,819 $ 152,180 $ 159,319 International 21,064 21,779 41,697 42,732 Total revenue $ 97,887 $ 102,598 $ 193,877 $ 202,051

Investments in Marketable Sec_2

Investments in Marketable Securities (Tables)	6 Months Ended
Investments in Marketable Securities (Tables)	Jul. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Marketable Securities	The following tables summarize the Company's investments in marketable securities: July 31, 2024 (in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Money market funds $ 415 $ — $ — $ 415 U.S. treasury securities 44,150 — (2) 44,148 Total marketable securities $ 44,565 $ — $ (2) $ 44,563 January 31, 2024 (in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value Money market funds $ 63,966 $ — $ — $ 63,966 U.S. treasury securities 82,642 — (7) 82,635 Total marketable securities $ 146,608 $ — $ (7) $ 146,601

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Jul. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value	The Company's assets measured at fair value on a recurring basis, by level, within the fair value hierarchy are as follows: July 31, 2024 (in thousands) Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 415 $ — $ — $ 415 U.S. treasury securities — 44,148 — 44,148 Included in cash and cash equivalents $ 415 $ 44,148 $ — $ 44,563 January 31, 2024 (in thousands) Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 63,966 $ — $ — $ 63,966 U.S. treasury securities — 82,635 — 82,635 Included in cash and cash equivalents $ 63,966 $ 82,635 $ — $ 146,601

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
Property and Equipment, Net (Tables)	Jul. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following: (in thousands) July 31, 2024 January 31, 2024 Computer software $ 23,204 $ 22,500 Office equipment 22,967 22,674 Furniture and fixtures 7,949 7,930 Leasehold improvements 60,079 59,927 Construction in progress 9 249 Software in progress 744 370 Total property and equipment, gross 114,952 113,650 Less: accumulated depreciation (70,915) (65,108) Total property and equipment, net $ 44,037 $ 48,542

Accounts Payable, Accrued Exp_2

Accounts Payable, Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jul. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accounts Payable, Accrued Expenses and Other Current Liabilities	Accounts payable, accrued expenses and other current liabilities consisted of the following: (in thousands) July 31, 2024 January 31, 2024 Accounts payable $ 5,673 $ 7,430 Accrued employee compensation 12,086 15,961 Accrued Publisher Network fees 1,956 1,839 Accrued professional services and associated costs 4,456 2,307 Accrued employee stock purchase plan withholdings liability 1,449 1,958 Other current liabilities 8,120 9,271 Total accounts payable, accrued expenses and other current liabilities $ 33,740 $ 38,766

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation Expense	The following table summarizes the Company's stock-based compensation expense for the periods presented: Three months ended July 31, Six months ended July 31, (in thousands) 2024 2023 2024 2023 Cost of revenue $ 698 $ 768 $ 1,386 $ 1,412 Sales and marketing 3,155 4,067 5,906 7,886 Research and development 2,607 2,768 5,390 5,563 General and administrative 5,873 3,962 11,716 7,716 Total stock-based compensation expense $ 12,333 $ 11,565 $ 24,398 $ 22,577
Schedule of Stock Options Activity	The following table summarizes the activity related to the Company's stock options: Outstanding Stock Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value Balance, January 31, 2024 2,021,494 $ 6.26 2.20 $ 989 Granted — $ — Exercised (258,606) $ 3.06 Forfeited or canceled (9,709) $ 10.35 Balance, July 31, 2024 1,753,179 $ 6.71 1.82 $ 227 Vested and expected to vest 1,753,179 $ 6.71 1.82 $ 227 Exercisable, July 31, 2024 1,753,179 $ 6.71 1.82 $ 227
Schedule of Restricted Stock and Restricted Stock Units	The following table summarizes the activity related to the Company's restricted stock and restricted stock units: Outstanding Weighted-Average Grant Date Fair Value Balance, January 31, 2024 9,790,748 $ 7.54 Granted 4,650,552 $ 5.58 Vested and converted to shares (2,183,455) $ 8.96 Forfeited or canceled (1,424,528) $ 7.12 Balance, July 31, 2024 10,833,317 $ 6.47
Schedule of Performance-Based Restricted Stock Units	The following table summarizes the activity related to the Company’s performance-based restricted stock units ("PSUs"): Number of PSUs Weighted-Average Grant Date Fair Value Balance, January 31, 2024 3,555,000 $ 5.98 Granted — $ — Vested — $ — Forfeited or canceled (25,000) $ 5.05 Balance, July 31, 2024 3,530,000 $ 5.98

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Contractual Obligation Payments	As of July 31, 2024, the Company's contractual obligations are as follows (in thousands): Fiscal year ending January 31: Leases Other 2025 (remainder of fiscal year) $ 8,562 $ 21,342 2026 19,274 15,675 2027 19,340 8,937 2028 19,437 4,525 2029 19,297 16 2030 and thereafter 36,473 94 Total $ 122,383 $ 50,589

Net Loss Per Share Attributab_2

Net Loss Per Share Attributable to Common Stockholders (Tables)	6 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders: Three months ended July 31, Six months ended July 31, (in thousands, except share and per share data) 2024 2023 2024 2023 Numerator: Net loss attributable to common stockholders $ (4,057) $ (3,437) $ (7,874) $ (3,849) Denominator: Weighted-average common shares outstanding 126,535,481 124,358,526 125,967,631 123,821,653 Net loss per share attributable to common stockholders, basic and diluted $ (0.03) $ (0.03) $ (0.06) $ (0.03)
Schedule of Antidilutive Securities	Anti-dilutive common equivalent shares were as follows: As of July 31, 2024 2023 Options to purchase common stock 1,753,179 3,079,658 Restricted stock and restricted stock units 10,833,317 11,167,766 Shares estimated to be purchased under ESPP 373,424 225,903 Performance-based restricted stock units (1) 3,530,000 2,280,000 Total anti-dilutive common equivalent shares 16,489,920 16,753,327 (1) An additional 1.3 million shares of common stock may be awarded for certain PSUs based on the Company's total shareholder return ("TSR") relative to the TSR of companies in the S&P Software and Services Select Index over specified performance periods.

Organization and Description _2

Organization and Description of Business (Details)	Jul. 31, 2024 provider
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of service and application providers	200

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	6 Months Ended
Summary of Significant Accounting Policies (Details)	Jul. 31, 2024 operating_segment
Accounting Policies [Abstract]
Number of operating segments	1

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Thousands	6 Months Ended
Revenue - Narrative (Details) $ in Thousands	Jul. 31, 2024 USD ($) performance_obligation	Jul. 31, 2023	Jan. 31, 2024 USD ($)
Revenue from External Customer [Line Items]
Number of performance obligations \| performance_obligation	2
Customer contract assets	$ 1,000
Unearned revenue, current	156,194		$ 212,210
Unearned revenue, noncurrent	800
Unearned revenue, revenue recognized	144,200
Customer deposits	$ 1,000		$ 200
Sales Revenue, Net \| Product Concentration Risk \| Professional Services
Revenue from External Customer [Line Items]
Concentration risk, percentage	7%	8%
Sales Revenue, Net \| Geographic Concentration Risk \| UNITED STATES
Revenue from External Customer [Line Items]
Concentration risk, percentage	78%	79%
Sales Revenue, Net \| Geographic Concentration Risk \| UNITED KINGDOM
Revenue from External Customer [Line Items]
Concentration risk, percentage	20%	20%

Revenue -Schedule of Disaggrega

Revenue -Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 97,887	$ 102,598	$ 193,877	$ 202,051
North America
Disaggregation of Revenue [Line Items]
Revenue	76,823	80,819	152,180	159,319
International
Disaggregation of Revenue [Line Items]
Revenue	$ 21,064	$ 21,779	$ 41,697	$ 42,732

Revenue - Remaining Performance

Revenue - Remaining Performance Obligations (Details) - USD ($) $ in Millions	Jul. 31, 2024	Jan. 31, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 396.5	$ 465.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 349.4
Revenue, remaining performance obligation, expected timing of satisfaction, period	24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period

Investments in Marketable Sec_3

Investments in Marketable Securities - Schedule of Marketable Securities (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Gain (Loss) on Securities [Line Items]
Amortized Cost	$ 44,565	$ 146,608
Unrealized Gains	0	0
Unrealized Losses	(2)	(7)
Fair Value	44,563	146,601
Money market funds
Gain (Loss) on Securities [Line Items]
Amortized Cost	415	63,966
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	415	63,966
U.S. treasury securities
Gain (Loss) on Securities [Line Items]
Amortized Cost	44,150	82,642
Unrealized Gains	0	0
Unrealized Losses	(2)	(7)
Fair Value	$ 44,148	$ 82,635

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - (Details) - Recurring - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 44,563	$ 146,601
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	415	63,966
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	44,148	82,635
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	415	63,966
Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	415	63,966
Level 1 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	44,148	82,635
Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	44,148	82,635
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3 \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0	$ 0

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Jan. 31, 2024
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 114,952		$ 114,952		$ 113,650
Less: accumulated depreciation	(70,915)		(70,915)		(65,108)
Total property and equipment, net	44,037		44,037		$ 48,542
Depreciation expense	2,900	$ 4,400	$ 5,800	$ 9,100
Geographic Concentration Risk \| UNITED STATES \| Property, Plant and Equipment
Property, Plant and Equipment [Line Items]
Concentration risk, percentage			91%		90%
Computer software
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	23,204		$ 23,204		$ 22,500
Office equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	22,967		22,967		22,674
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	7,949		7,949		7,930
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	60,079		60,079		59,927
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	9		9		249
Software in progress
Property, Plant and Equipment [Line Items]
Total property and equipment, gross	$ 744		$ 744		$ 370

Accounts Payable, Accrued Exp_3

Accounts Payable, Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jan. 31, 2024
Payables and Accruals [Abstract]
Accounts payable	$ 5,673	$ 7,430
Accrued employee compensation	12,086	15,961
Accrued Publisher Network fees	1,956	1,839
Accrued professional services and associated costs	4,456	2,307
Accrued employee stock purchase plan withholdings liability	1,449	1,958
Other current liabilities	8,120	9,271
Total accounts payable, accrued expenses and other current liabilities	$ 33,740	$ 38,766

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Share-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 12,333	$ 11,565	$ 24,398	$ 22,577
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	698	768	1,386	1,412
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	3,155	4,067	5,906	7,886
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	2,607	2,768	5,390	5,563
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 5,873	$ 3,962	$ 11,716	$ 7,716

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock Options Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2024 USD ($) $ / shares shares	Jan. 31, 2024 USD ($) $ / shares shares
Outstanding Stock Options
Balance, beginning of period (in shares) \| shares	2,021,494
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	(258,606)
Forfeited or canceled (in shares) \| shares	(9,709)
Balance, end of period (in shares) \| shares	1,753,179	2,021,494
Vested and expected to vest (in shares) \| shares	1,753,179
Exercisable at end of period (in shares) \| shares	1,753,179
Weighted-Average Exercise Price
Balance, beginning of period (in dollars per share) \| $ / shares	$ 6.26
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	3.06
Forfeited or canceled (in dollars per share) \| $ / shares	10.35
Balance, end of period (in dollars per share) \| $ / shares	6.71	$ 6.26
Vested and expected to vest (in dollars per share) \| $ / shares	6.71
Exercisable at end of period (in dollars per share) \| $ / shares	$ 6.71
Balance, Weighted-Average Remaining Contractual Life (in years)	1 year 9 months 25 days	2 years 2 months 12 days
Vested and expected to vest, Weighted-Average Remaining Contractual Life (in years)	1 year 9 months 25 days
Exercisable at end of period, Weighted-Average Remaining Contractual Life (in years)	1 year 9 months 25 days
Balance, Aggregate Intrinsic Value \| $	$ 227	$ 989
Vested and expected to vest, Aggregate Intrinsic Value \| $	227
Exercisable at end of period, Aggregate Intrinsic Value \| $	$ 227

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Restricted Stock and Restricted Stock Units (Details) - Restricted stock and restricted stock units	6 Months Ended
	Jul. 31, 2024 $ / shares shares
Outstanding
Balance, beginning of period (in shares) \| shares	9,790,748
Granted (in shares) \| shares	4,650,552
Vested and converted to shares (in shares) \| shares	(2,183,455)
Forfeited or canceled (in shares) \| shares	(1,424,528)
Balance, end of period (in shares) \| shares	10,833,317
Weighted-Average Grant Date Fair Value
Beginning of period (in dollars per share) \| $ / shares	$ 7.54
Granted (in dollars per share) \| $ / shares	5.58
Vested and converted to shares (in dollars per share) \| $ / shares	8.96
Forfeited or canceled (in dollars per share) \| $ / shares	7.12
Balance, end of period (in dollars per share) \| $ / shares	$ 6.47

Stock-Based Compensation - Sc_4

Stock-Based Compensation - Schedule of Performance-Based Restricted Stock Units (Details) - Performance-based restricted stock units	6 Months Ended
	Jul. 31, 2024 $ / shares shares
Number of PSUs
Balance, beginning of period (in shares) \| shares	3,555,000
Granted (in shares) \| shares	0
Vested (in shares) \| shares	0
Forfeited or canceled (in shares) \| shares	(25,000)
Balance, end of period (in shares) \| shares	3,530,000
Weighted-Average Grant Date Fair Value
Beginning of period (in dollars per share) \| $ / shares	$ 5.98
Granted (in dollars per share) \| $ / shares	0
Vested (in dollars per share) \| $ / shares	0
Forfeited or canceled (in dollars per share) \| $ / shares	5.05
Balance, end of period (in dollars per share) \| $ / shares	$ 5.98

Debt (Details)

Debt (Details) - USD ($) $ in Millions	Jul. 26, 2024	Jul. 31, 2024
Secured Debt \| Revolving Credit Line
Line of Credit Facility [Line Items]
Borrowing capacity	$ 50	$ 50
Incremental borrowing available under certain conditions	$ 50
Line of credit facility, unused capacity, commitment fee percentage	0.25%
Capital stock of foreign subsidiary (as a percent)	66%
Debt instrument minimum liquidity amount	$ 35
Debt instrument maximum consolidated leverage ratio	300%
Line of credit facility, available borrowing capacity		36.6
Secured Debt \| Revolving Credit Line \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Basis spread floor (as a percent)	1%
Secured Debt \| Revolving Credit Line \| Secured Overnight Financing Rate (SOFR) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.75%
Secured Debt \| Revolving Credit Line \| Secured Overnight Financing Rate (SOFR) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	2.25%
Secured Debt \| Revolving Credit Line \| Base Rate \| Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.25%
Secured Debt \| Revolving Credit Line \| Base Rate \| Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.75%
Line of Credit \| Letter of Credit
Line of Credit Facility [Line Items]
Borrowing capacity	$ 30
Debt instrument, collateral amount		$ 13.4
Line of Credit \| Bridge Loan
Line of Credit Facility [Line Items]
Borrowing capacity	$ 10

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Benefit from (provision for) income taxes	$ 1,442	$ (661)	$ 1,221	$ (982)

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Contractual Obligation Payments (Details) $ in Thousands	Jul. 31, 2024 USD ($)
Leases
2025 (remainder of fiscal year)	$ 8,562
2026	19,274
2027	19,340
2028	19,437
2029	19,297
2030 and thereafter	36,473
Total	122,383
Other
2025 (remainder of fiscal year)	21,342
2026	15,675
2027	8,937
2028	4,525
2029	16
2030 and thereafter	94
Total	$ 50,589

Net Loss Per Share Attributab_3

Net Loss Per Share Attributable to Common Stockholders - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Numerator:
Net loss attributable to common stockholders	$ (4,057)	$ (3,437)	$ (7,874)	$ (3,849)
Denominator:
Weighted-average common shares outstanding, basic (in shares)	126,535,481	124,358,526	125,967,631	123,821,653
Weighted-average common shares outstanding, diluted (in shares)	126,535,481	124,358,526	125,967,631	123,821,653
Net loss per share attributable to common stockholders, basic (in dollars per share)	$ (0.03)	$ (0.03)	$ (0.06)	$ (0.03)
Net loss per share attributable to common stockholders, diluted (in dollars per share)	$ (0.03)	$ (0.03)	$ (0.06)	$ (0.03)

Net Loss Per Share Attributab_4

Net Loss Per Share Attributable to Common Stockholders - Schedule of Antidilutive Securities (Details) - shares	6 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common equivalent shares (in shares)	16,489,920	16,753,327
Restricted stock and restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common equivalent shares (in shares)	10,833,317	11,167,766
Shares estimated to be purchased under ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common equivalent shares (in shares)	373,424	225,903
Performance-based restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common equivalent shares (in shares)	3,530,000	2,280,000
Additional Shares Based on TSR
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common equivalent shares (in shares)	1,300,000
Common Stock \| Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive common equivalent shares (in shares)	1,753,179	3,079,658

Subsequent Events (Details)

Subsequent Events (Details) - Hearsay - Subsequent Event $ in Millions	Aug. 01, 2024 USD ($)
Subsequent Event [Line Items]
Purchase price	$ 125
Participation Rights
Subsequent Event [Line Items]
Contingent consideration	$ 20
Participation rights vesting percentage	100%
Earnout Consideration
Subsequent Event [Line Items]
Contingent consideration	$ 75