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    Yext Announces First Quarter Fiscal 2026 Results

    6/3/25 4:05:00 PM ET
    $YEXT
    EDP Services
    Technology
    Get the next $YEXT alert in real time by email
    • Revenue of $109.5 million, up 14% year-over-year, driven by the integration of Hearsay Systems
    • Net Income Per Share, basic, of $0.01 or non-GAAP Earnings Per Share of $0.13
    • Adjusted EBITDA of $24.7 million, resulting in an Adjusted EBITDA margin of 23%
    • ARR of $446.5 million
    • Raises full year Adjusted EBITDA guidance to a range of $103 million to $105 million

    Yext, Inc. (NYSE:YEXT), the leading digital presence platform for multi-location brands, today announced its results for the three months ended April 30, 2025, or Yext's first quarter of fiscal year 2026.

    For more detailed information on Yext's operating and financial results for the first quarter fiscal 2026, as well as Yext's outlook for its second quarter ending July 31, 2025 and fiscal year 2026, please refer to the Letter to Shareholders, which can be found on the Yext Investor Relations website at https://investors.yext.com.

    "Our first quarter results demonstrate solid execution and growing interest in our expanding platform," said Michael Walrath, Yext Chairman and CEO. "We exceeded guidance on both revenue and profitability, delivered record Adjusted EBITDA, and saw encouraging early adoption of new offerings. With the launch of Scout, continued traction from Social, and steady engagement across our core verticals, we're positioning Yext to help brands navigate a rapidly evolving search and discovery landscape. We remain focused on executing with discipline and investing in long-term growth."

    Readers are encouraged to review the tables labeled "Reconciliation of GAAP to Non-GAAP Financial Measures" at the end of this release.

    Conference Call Information

    Yext will host a conference call today at 5:00 P.M. Eastern Time (2:00 P.M. Pacific Time) to discuss its financial results with the investment community. A live webcast of the call will be available on the Yext Investor Relations website at http://investors.yext.com. To participate in the live call by phone, the dial-in is available domestically at (877) 883-0383 and internationally at (412) 902-6506, passcode 5676430.

    A replay will be available domestically at (877) 344-7529 or internationally at (412) 317-0088, passcode 1595457, until midnight (ET) June 17, 2025.

    About Yext

    Yext (NYSE:YEXT) is the leading digital presence platform for multi-location brands, with thousands of customers worldwide. With one central platform, brands can seamlessly deliver consistent, accurate, and engaging experiences and meaningfully connect with customers anywhere in the digital world. Yext's AI and machine learning technology powers the knowledge behind every customer engagement, automates workflows at scale, and delivers actionable cross-channel insights that enable data-driven decisions. From SEO and websites to social media and reputation management, Yext enables brands to turn their digital presence into a differentiator.

    Statement Regarding Forward-Looking Information

    This release and the related shareholder letter and conference call include forward-looking statements including, but not limited to, statements regarding our revenue, non-GAAP net income (loss), shares outstanding and Adjusted EBITDA for our second quarter and full year fiscal 2026 and general expectations beyond that fiscal year; statements regarding the expected effects of our acquisitions and integrations of each of Hearsay Social, Inc. ("Hearsay") and KabanaSoft, LLC d/b/a Places Scout ("Places Scout"); statements regarding the expected effects and benefits of the new credit facility (the "BlackRock facility"), including our ability to effectively use the capital provided by the BlackRock facility to execute on our long-term strategy; and statements regarding our expectations related to the growth of our company, our market opportunity, product roadmap, cost saving and efficiency actions, and our industry, including search fragmentation trends and the impact of Yext Scout. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "intend," "potential," "might," "would," "continue," or the negative of these terms or other comparable terminology. Actual events or results may differ from those expressed in these forward-looking statements, and these differences may be material and adverse.

    We have based the forward-looking statements contained in this release and discussed on the call primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, results of operations, strategy, short- and long-term business operations, prospects, business strategy and financial needs. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, our ability to renew and expand subscriptions with existing customers, especially enterprise customers, and attract new customers generally; our ability to successfully expand and compete in new geographies and industry verticals; our ability to integrate Hearsay's and Places Scout's businesses with ours; our ability to retain personnel necessary for the success of our acquisition and integration of Hearsay and Places Scout; the quality of our sales pipeline and our ability to convert leads; our ability to expand and scale our sales force; our ability to expand our service and application provider network; our ability to develop or acquire new product and platform offerings to expand our market opportunity; our ability to release new products and updates that are adopted by our customers; weakened or changing global economic conditions, downturns, or uncertainty, including higher inflation, higher interest rates, and fluctuations or volatility in capital markets or foreign currency exchange rates; and the accuracy of the assumptions and estimates underlying our financial projections. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this release. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements as well as other cautionary statements that are made from time to time in our SEC filings and public communications, including, without limitation, in the sections titled, "Special Note Regarding Forward Looking Statements" and "Risk Factors" in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are available at http://investors.yext.com and on the SEC's website at https://www.sec.gov.

    The forward-looking statements made in this release relate only to events as of the date on which such statements are made. We undertake no obligation to update any forward-looking statements after the date hereof or to conform such statements to actual results or revised expectations, except as required by law.

    Non-GAAP Measurements

    In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), this release and the accompanying tables include non-GAAP net income (loss), non-GAAP net income (loss) per share, and non-GAAP net income (loss) as a percentage of revenue, which are referred to as non-GAAP financial measures.

    These non-GAAP financial measures are not calculated in accordance with GAAP as they have been adjusted to exclude the effects of stock-based compensation expenses, acquisition-related costs, and amortization of acquired intangibles. Acquisition-related costs include transaction and related costs, subsequent fair value movements in contingent consideration, and compensation arrangements. Non-GAAP net income (loss) as a percentage of revenue is calculated by dividing the applicable non-GAAP financial measure by revenue. Non-GAAP net income (loss) per share is defined as non-GAAP net income (loss) on a per share basis. We define non-GAAP net income (loss) per share, basic, as non-GAAP net income (loss) divided by weighted average shares outstanding and non-GAAP net income (loss) per share, diluted, as non-GAAP net income (loss) divided by weighted average diluted shares outstanding, which includes the potentially dilutive effect of shares using the treasury stock method or the if-converted method depending on the arrangement.

    Beginning in fiscal year 2026, we utilize a projected tax rate of 23.5% in our computation of the non-GAAP income tax provision, which was updated from 25% in fiscal year 2025. Our estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that we believe materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Our estimated tax rate on non-GAAP income may differ from our GAAP tax rate and from our actual tax liabilities.

    We believe these non-GAAP financial measures provide investors and other users of our financial information consistency and comparability with our past financial performance and facilitate period-to-period comparisons of our results of operations. With respect to non-GAAP net income (loss) as a percentage of revenue, we believe this non-GAAP financial measure is useful in evaluating our profitability relative to the amount of revenue generated, excluding the impact of stock-based compensation expense, acquisition-related costs, and amortization of acquired intangibles. We also believe non-GAAP financial measures are useful in evaluating our operating performance compared to that of other companies in our industry, as these metrics eliminate the effects of stock-based compensation and certain acquisition-related costs, which may vary for reasons unrelated to overall operating performance.

    We also discuss Adjusted EBITDA and Adjusted EBITDA margin, non-GAAP financial measures that we believe offer a useful view of overall operations used to assess the performance of core business operations and for planning purposes. We define Adjusted EBITDA as GAAP net income (loss) before (1) interest income (expense), net, (2) benefit from (provision for) income taxes, (3) depreciation and amortization, (4) other income (expense), net, (5) stock-based compensation expense, and (6) acquisition-related costs. The most directly comparable GAAP financial measure to Adjusted EBITDA is GAAP net income (loss). Users should consider the limitations of using Adjusted EBITDA, including the fact that this measure does not provide a complete measure of our operating performance. Adjusted EBITDA is not intended to purport to be an alternate to GAAP net income (loss) as a measure of operating performance. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by revenue.

    We use these non-GAAP financial measures in conjunction with traditional GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, and to evaluate the effectiveness of our business strategies. Our definition may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Thus, our non-GAAP financial measures should be considered in addition to, not as a substitute for, nor superior to or in isolation from, measures prepared in accordance with GAAP.

    These non-GAAP financial measures may be limited in their usefulness because they do not present the full economic effect of our use of stock-based compensation and certain acquisition-related costs. We compensate for these limitations by providing investors and other users of our financial information a reconciliation of the non-GAAP financial measure to the most closely related GAAP financial measures. However, we have not reconciled the non-GAAP guidance measures to their corresponding GAAP measures because certain reconciling items such as stock-based compensation, certain acquisition-related costs, and the corresponding provision for income taxes depend on factors such as the stock price at the time of award of future grants, and certain purchase accounting adjustments including subsequent measurements, among others, and thus cannot be reasonably predicted. Accordingly, reconciliations to the non-GAAP guidance measures is not available without unreasonable effort. We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure and to view non-GAAP net income (loss) and non-GAAP net income (loss) per share in conjunction with GAAP net income (loss) and net income (loss) per share.

    We have not reconciled our forward-looking Adjusted EBITDA to its most directly comparable GAAP financial measure of net income (loss). Information on which this reconciliation would be based on is not available without unreasonable efforts due to the uncertainty and inherent difficulty of predicting within a reasonable range, the timing, occurrence and financial impact of when such items may be recognized. In particular, Adjusted EBITDA excludes certain items including interest income (expense), net, provision for income taxes, depreciation and amortization, other income (expense), net, stock-based compensation expense, and acquisition-related costs.

    Operating Metrics

    This release also includes certain operating metrics that we believe are useful in providing additional information in assessing the overall performance of our business.

    Annual recurring revenue, or ARR, for Direct customers is defined as the annualized recurring amount of all contracts in our enterprise, mid-size and small business customer base as of the last day of the reporting period. The recurring amount of a contract is determined based upon the terms of a contract and is calculated by dividing the amount of a contract by the term of the contract and then annualizing such amount. The calculation assumes no subsequent changes to the existing subscription. Contracts include portions of professional services contracts that are recurring in nature.

    ARR for Third-party Reseller customers is defined as the annualized recurring amount of all contracts with Third-party Reseller customers as of the last day of the reporting period. The recurring amount of a contract is determined based upon the terms of a contract and is calculated by dividing the amount of a contract by the term of the contract and then annualizing such amount. The calculation assumes no subsequent changes to the existing subscription. The calculation includes the annualized contractual minimum commitment and amounts related to usage above the contractual minimum commitment. Contracts include portions of professional services contracts that are recurring in nature.

    Total ARR is defined as the annualized recurring amount of all contracts executed as of the last day of the reporting period. The recurring amount of a contract is determined based upon the terms of a contract and is calculated by dividing the amount of a contract by the term of the contract and then annualizing such amount. The calculation assumes no subsequent changes to the existing subscription, and where relevant, includes the annualized contractual minimum commitment and amounts related to usage above the contractual minimum commitment. Contracts include portions of professional services contracts that are recurring in nature.

    We calculate usage by annualizing monthly amounts in excess of contractual minimum commitments in the current month.

    ARR is independent of historical revenue, unearned revenue, remaining performance obligations or any other GAAP financial measure over any period. It should be considered in addition to, not as a substitute for, nor superior to or in isolation from, these measures and other measures prepared in accordance with GAAP. We believe ARR-based metrics provides insight into the performance of our recurring revenue business model while mitigating fluctuations in billing and contract terms.

    In addition, we present ARR on a constant currency basis. Constant currency as it relates to ARR provides a framework for assessing Company performance which excludes the effect of foreign currency rate fluctuations. Contracts included in the determination of ARR in the current period are converted into USD at the exchange rates in effect at the end of the comparative period, as opposed to the exchange rates in effect at the end of the current period.

    Dollar-based net retention rate is a metric we use to assess our ability to retain our customers and expand the ARR they generate for us. We calculate dollar-based net retention rate by first determining the ARR generated 12 months prior to the end of the current period for a cohort of customers who had active contracts at that time. We then calculate ARR from the same cohort of customers at the end of the current period, which includes customer expansion, contraction and churn. The current period ARR is then divided by the prior period ARR to arrive at our dollar-based net retention rate. Any ARR obtained through merger and acquisition transactions does not affect the dollar-based net retention rate until one year from the date on which the transaction closed. The cohorts of customers that we present dollar-based net retention rate for include direct, third-party reseller, and total customers. Direct customers include enterprise, mid-size and small business customers.

    We also present dollar-based gross retention rate, which is a metric we use to assess our ability to retain our customers. We calculate dollar-based gross retention rate by first determining the ARR generated 12 months prior to the end of the current period for a cohort of customers who had active contracts at that time. We then calculate ARR from the same cohort of customers at the end of the current period, which includes customer contraction and churn, and excludes customer expansion. The current period ARR is then divided by the prior period ARR to arrive at our dollar-based gross retention rate.

    YEXT, INC.

    Condensed Consolidated Balance Sheets

    (In thousands, except share and per share data)

    (Unaudited)

     

     

    April 30, 2025

     

    January 31, 2025

    Assets

     

     

     

    Current assets:

     

     

     

    Cash and cash equivalents

    $

    114,994

     

     

    $

    123,133

     

    Restricted cash, current

     

    17,021

     

     

     

    9,671

     

    Accounts receivable, net of allowances of $1,966 and $2,014, respectively

     

    71,464

     

     

     

    112,942

     

    Prepaid expenses and other current assets

     

    23,113

     

     

     

    18,094

     

    Costs to obtain revenue contracts, current

     

    20,386

     

     

     

    21,961

     

    Total current assets

     

    246,978

     

     

     

    285,801

     

    Property and equipment, net

     

    37,871

     

     

     

    39,689

     

    Operating lease right-of-use assets

     

    65,903

     

     

     

    67,452

     

    Restricted cash, non-current

     

    —

     

     

     

    5,850

     

    Costs to obtain revenue contracts, non-current

     

    10,185

     

     

     

    11,145

     

    Goodwill

     

    110,667

     

     

     

    96,782

     

    Intangible assets, net

     

    97,250

     

     

     

    94,247

     

    Other long term assets

     

    3,502

     

     

     

    9,112

     

    Total assets

    $

    572,356

     

     

    $

    610,078

     

    Liabilities and stockholders' equity

     

     

     

    Current liabilities:

     

     

     

    Accounts payable, accrued expenses and other current liabilities

    $

    72,364

     

     

    $

    70,022

     

    Unearned revenue, current

     

    210,695

     

     

     

    229,144

     

    Operating lease liabilities, current

     

    18,869

     

     

     

    18,604

     

    Contingent consideration, current

     

    25,313

     

     

     

    26,944

     

    Total current liabilities

     

    327,241

     

     

     

    344,714

     

    Operating lease liabilities, non-current

     

    73,902

     

     

     

    76,809

     

    Contingent consideration, non-current

     

    21,787

     

     

     

    18,056

     

    Other long term liabilities

     

    7,401

     

     

     

    17,306

     

    Total liabilities

     

    430,331

     

     

     

    456,885

     

    Commitments and contingencies

     

     

     

    Stockholders' equity:

     

     

     

    Preferred stock, $0.001 par value per share; 50,000,000 shares authorized at April 30, 2025 and January 31, 2025; zero shares issued and outstanding at April 30, 2025 and January 31, 2025

     

    —

     

     

     

    —

     

    Common stock, $0.001 par value per share; 500,000,000 shares authorized at April 30, 2025 and January 31, 2025; 153,957,539 and 153,017,243 shares issued at April 30, 2025 and January 31, 2025, respectively; 123,466,124 and 126,999,461 shares outstanding at April 30, 2025 and January 31, 2025, respectively

     

    154

     

     

     

    153

     

    Additional paid-in capital

     

    1,009,084

     

     

     

    996,477

     

    Accumulated other comprehensive loss

     

    (2,686

    )

     

     

    (5,969

    )

    Accumulated deficit

     

    (706,350

    )

     

     

    (707,120

    )

    Treasury stock, at cost

     

    (158,177

    )

     

     

    (130,348

    )

    Total stockholders' equity

     

    142,025

     

     

     

    153,193

     

    Total liabilities and stockholders' equity

    $

    572,356

     

     

    $

    610,078

     

    YEXT, INC.

    Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

    (In thousands, except share and per share data)

    (Unaudited)

     

     

    Three months ended April 30,

     

    2025

     

    2024

    Revenue

    $

    109,483

     

     

    $

    95,990

     

    Cost of revenue

     

    27,105

     

     

     

    21,546

     

    Gross profit

     

    82,378

     

     

     

    74,444

     

    Operating expenses:

     

     

     

    Sales and marketing

     

    36,209

     

     

     

    43,254

     

    Research and development

     

    21,896

     

     

     

    17,059

     

    General and administrative

     

    23,155

     

     

     

    19,557

     

    Total operating expenses

     

    81,260

     

     

     

    79,870

     

    Income (loss) from operations

     

    1,118

     

     

     

    (5,426

    )

    Interest income

     

    632

     

     

     

    2,360

     

    Interest expense

     

    (642

    )

     

     

    (392

    )

    Other expense, net

     

    (355

    )

     

     

    (138

    )

    Income (loss) from operations before income taxes

     

    753

     

     

     

    (3,596

    )

    Benefit from (provision for) income taxes

     

    17

     

     

     

    (221

    )

    Net income (loss)

    $

    770

     

     

    $

    (3,817

    )

     

     

     

     

    Net income (loss) per share attributable to common stockholders, basic and diluted

    $

    0.01

     

     

    $

    (0.03

    )

    Weighted-average number of shares used in computing net income (loss) per share attributable to common stockholders, basic

     

    125,651,595

     

     

     

    125,387,162

     

    Weighted-average number of shares used in computing net income (loss) per share attributable to common stockholders, diluted

     

    131,272,117

     

     

     

    125,552,028

     

     

     

     

     

    Other comprehensive income (loss):

     

     

     

    Foreign currency translation adjustment

    $

    3,283

     

     

    $

    (417

    )

    Unrealized loss on marketable securities, net

     

    —

     

     

     

    (8

    )

    Total comprehensive income (loss)

    $

    4,053

     

     

    $

    (4,242

    )

    YEXT, INC.

    Condensed Consolidated Statements of Cash Flows

    (In thousands)

    (Unaudited)

     

     

    Three months ended April 30,

     

    2025

     

    2024

    Operating activities:

     

     

     

    Net income (loss)

    $

    770

     

     

    $

    (3,817

    )

    Adjustments to reconcile net income (loss) to net cash provided by operating activities:

     

     

     

    Depreciation and amortization expense

     

    6,855

     

     

     

    2,963

     

    Bad debt expense

     

    286

     

     

     

    28

     

    Stock-based compensation expense

     

    12,659

     

     

     

    12,065

     

    Amortization of operating lease right-of-use assets

     

    2,315

     

     

     

    2,110

     

    Adjustments to contingent consideration

     

    1,800

     

     

     

    —

     

    Other, net

     

    432

     

     

     

    366

     

    Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:

     

     

     

    Accounts receivable

     

    43,140

     

     

     

    54,316

     

    Prepaid expenses and other current assets

     

    (4,985

    )

     

     

    (660

    )

    Costs to obtain revenue contracts

     

    3,234

     

     

     

    4,270

     

    Other long term assets

     

    5,863

     

     

     

    80

     

    Accounts payable, accrued expenses and other current liabilities

     

    834

     

     

     

    (4,028

    )

    Unearned revenue

     

    (21,688

    )

     

     

    (26,697

    )

    Operating lease liabilities

     

    (3,509

    )

     

     

    (2,847

    )

    Other long term liabilities

     

    (10,281

    )

     

     

    160

     

    Net cash provided by operating activities

     

    37,725

     

     

     

    38,309

     

    Investing activities:

     

     

     

    Capital expenditures

     

    (562

    )

     

     

    (647

    )

    Cash paid in acquisitions, net of cash acquired

     

    (18,801

    )

     

     

    —

     

    Net cash used in investing activities

     

    (19,363

    )

     

     

    (647

    )

    Financing activities:

     

     

     

    Proceeds from exercise of stock options

     

    118

     

     

     

    283

     

    Repurchase of common stock

     

    (27,635

    )

     

     

    —

     

    Payments for taxes related to net share settlement of stock-based compensation awards

     

    (2,137

    )

     

     

    (2,039

    )

    Payments of deferred financing costs

     

    (59

    )

     

     

    (338

    )

    Proceeds, net from employee stock purchase plan withholdings

     

    690

     

     

     

    920

     

    Net cash used in financing activities

     

    (29,023

    )

     

     

    (1,174

    )

    Effect of exchange rate changes on cash, cash equivalents and restricted cash

     

    4,022

     

     

     

    (558

    )

    Net (decrease) increase in cash, cash equivalents and restricted cash

     

    (6,639

    )

     

     

    35,930

     

    Cash, cash equivalents and restricted cash at beginning of period

     

    138,654

     

     

     

    210,184

     

    Cash, cash equivalents and restricted cash at end of period

    $

    132,015

     

     

    $

    246,114

     

    Supplemental reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:

     

    Three months ended April 30,

    (in thousands)

    2025

     

    2024

    Cash and cash equivalents

    $

    114,994

     

    $

    246,114

    Restricted cash, current and non-current

     

    17,021

     

     

    —

    Total cash, cash equivalents and restricted cash

    $

    132,015

     

    $

    246,114

    YEXT, INC.

    Reconciliations of GAAP to Non-GAAP Financial Measures

    (In thousands)

    (Unaudited)

     

     

    Three months ended April 30,

     

    2025

     

    2024

    GAAP net income (loss) to Adjusted EBITDA:

     

     

     

    GAAP net income (loss)

    $

    770

     

     

    $

    (3,817

    )

    Interest expense (income), net

     

    10

     

     

     

    (1,968

    )

    (Benefit from) provision for income taxes

     

    (17

    )

     

     

    221

     

    Depreciation and amortization

     

    6,855

     

     

     

    2,963

     

    Other expense (income), net

     

    355

     

     

     

    138

     

    Stock-based compensation expense

     

    12,659

     

     

     

    12,065

     

    Acquisition-related costs

     

    4,048

     

     

     

    —

     

    Adjusted EBITDA

    $

    24,680

     

     

    $

    9,602

     

     

     

     

     

    GAAP net income (loss) as a percentage of revenue

     

    0.7

    %

     

     

    (4.0

    )%

    Adjusted EBITDA margin

     

    22.5

    %

     

     

    10.0

    %

     
    ________

    Note: Numbers rounded for presentation purposes and may not sum.

    YEXT, INC.

    Reconciliation of GAAP to Non-GAAP Financial Measures

    (In thousands, except share and per share data)

    (Unaudited)

     

     

    Three months ended April 30,

     

    2025

     

    2024

    GAAP net income (loss)

    $

    770

     

     

    $

    (3,817

    )

    Plus: Stock-based compensation expense

     

    12,659

     

     

     

    12,065

     

    Plus: Acquisition-related costs

     

    4,048

     

     

     

    —

     

    Plus: Amortization of acquired intangibles

     

    4,141

     

     

     

    —

     

    Less: Tax adjustment(1)

     

    (5,093

    )

     

     

    (1,896

    )

    Non-GAAP net income

    $

    16,525

     

     

    $

    6,352

     

    GAAP net income (loss) as a percentage of revenue

     

    0.7

    %

     

     

    (4.0

    )%

    Non-GAAP net income as a percentage of revenue

     

    15.1

    %

     

     

    6.6

    %

     

     

     

     

    GAAP net income (loss) per share attributable to common stockholders, basic

    $

    0.01

     

     

    $

    (0.03

    )

    Non-GAAP net income per share attributable to common stockholders, basic

    $

    0.13

     

     

    $

    0.05

     

     

     

     

     

    GAAP net income (loss) per share attributable to common stockholders, diluted

    $

    0.01

     

     

    $

    (0.03

    )

    Non-GAAP net income per share attributable to common stockholders, diluted

    $

    0.12

     

     

    $

    0.05

     

     

     

     

     

    Weighted-average number of shares used in computing GAAP net income (loss) per share attributable to common stockholders

     

     

     

    Basic

     

    125,651,595

     

     

     

    125,387,162

     

    Diluted

     

    131,272,117

     

     

     

    125,387,162

     

    Weighted-average number of shares used in computing non-GAAP net income per share attributable to common stockholders

     

     

     

    Basic

     

    125,651,595

     

     

     

    125,387,162

     

    Diluted(2)

     

    133,407,752

     

     

     

    126,451,154

     

     
    (1) For fiscal year 2026 we utilize a projected tax rate of 23.5% in our computation of the non-GAAP income tax provision.
    (2) For the three months ended April 30, 2025, includes the dilutive effect of the earnout arrangement.
    ________

    Note: Numbers rounded for presentation purposes and may not sum.

    YEXT, INC.

    Supplemental Information

    (In thousands)

    (Unaudited)

     

    The following tables provides our ARR for the periods presented:

     

     

    April 30,

     

    Variance

     

     

    2025

     

     

    2024

     

    Dollars

    Percent

    Annual Recurring Revenue

     

     

     

     

     

     

    Direct Customers

    $

    371,851

     

    $

    312,060

     

    $

    59,791

     

    19

    %

    Third-Party Reseller Customers

     

    74,618

     

     

    75,218

     

     

    (600

    )

    (1

    )%

    Total Annual Recurring Revenue

    $

    446,469

     

    $

    387,278

     

    $

    59,191

     

    15

    %

       

     

     

     

     

     

     

     

    Apr. 30, 2025

    Jan. 31, 2025

    Oct. 31, 2024

    Jul. 31, 2024

    Apr. 30, 2024

    Annual Recurring Revenue Trend

     

     

     

     

     

    Direct Customers

    $

    371,851

    $

    368,201

    $

    374,502

    $

    313,392

    $

    312,060

    Third-Party Reseller Customers

     

    74,618

     

    74,461

     

    74,147

     

    73,904

     

    75,218

    Total Annual Recurring Revenue

    $

    446,469

    $

    442,662

    $

    448,649

    $

    387,296

    $

    387,278

     

    The following table provides our dollar-based net retention rate for the periods presented:

     

     

    Apr. 30, 2025

    Jan. 31, 2025

    Oct. 31, 2024

    Jul. 31, 2024

    Apr. 30, 2024

    Dollar-Based Net Retention Rate

     

     

     

     

     

    Direct Customers

    95

    %

    92

    %

    91

    %

    91

    %

    91

    %

    Third-Party Reseller Customers

    96

    %

    95

    %

    94

    %

    93

    %

    92

    %

    Total Customers

    95

    %

    93

    %

    92

    %

    91

    %

    91

    %

     

    The following table provides our dollar-based gross retention rate for the periods presented:

     

     

    Apr. 30, 2025

    Jan. 31, 2025

    Oct. 31, 2024

    Jul. 31, 2024

    Apr. 30, 2024

    Dollar-Based Gross Retention Rate

     

     

     

     

     

    Direct Customers

    87

    %

    86

    %

    83

    %

    83

    %

    83

    %

    Third-Party Reseller Customers

    88

    %

    87

    %

    87

    %

    88

    %

    86

    %

    Total Customers

    87

    %

    86

    %

    84

    %

    84

    %

    83

    %

     
    ________

    Note: Numbers rounded for presentation purposes and may not sum.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250603070658/en/

    For Further Information Contact:

    Investor Relations:

    [email protected]



    Public Relations:

    [email protected]

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