Yext Inc (YEXT)

Yext Announces First Quarter Fiscal 2027 ResultsJune 2, 2026 4:05 PM
Business Wire Revenue of $107.9 million Net Income Per Share, basic, of $0.02 or non-GAAP Net Income Per Share of $0.15 Adjusted EBITDA of $26.9 million, resulting in an Adjusted EBITDA margin of 25% ARR of $440.8 million Repurchased 24.3 million shares for $140 million through its completed Tender Offer Separate open market share repurchase program authorization increased by $100 million Yext, Inc. (NYSE: YEXT), the enterprise agentic marketing platform, today announced its results for the three months ended April 30, 2026, or Yext's first quarter, of fiscal year 2027. For more detailed information on Yext's operating and financial results for the first quarter of fiscal year 2027 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 performance highlights the structural efficiency and profitability of our operations, delivering $26.9 million in Adjusted EBITDA and a strong 25% Adjusted EBITDA margin,” said Michael Walrath, Yext Chairman and CEO. “While AI has proven to be a disruptive force for many, we believe Yext is well positioned as technology consumption expands beyond human users to autonomous agents. Our sustained cash generation directly fuels our capacity to accelerate our roadmap, positioning Yext as the indispensable infrastructure layer for brands deploying AI agents. Looking ahead, the improving year-over-year growth in our customers with ARR ≥$50K along with our strong cash balance sheet allows us to simultaneously fund internal R&D, pursue high-return M&A to increase our velocity, and return capital to shareholders. Because of this, we believe the opportunity for Yext has never been greater.” Readers are encouraged to review the tables labeled "Reconciliation of GAAP to Non-GAAP Financial Measures" at the end of this release. About Yext
Yext is the enterprise agentic marketing platform. Built on the world's most comprehensive structured data platform for local businesses, Yext gives brands and their partners the visibility intelligence to win every moment of discovery — across AI and traditional search. Yext's API-first architecture connects structured data to APIs, MCP servers, and generative interfaces, so partners and developers can build purpose-built experiences on the same infrastructure powering Yext's own products. Thousands of brands and digital marketing partners in financial services, healthcare, retail, hospitality, and food rely on Yext to manage, measure, and optimize visibility at scale. For more information, visit yext.com. Statement Regarding Forward-Looking Statements
This release and the related shareholder letter includes "forward-looking statements" including, without limitation, statements regarding Yext's expectations, beliefs, intentions, or strategies regarding the future, Yext's expectations regarding its capital allocation strategy, including Yext's recently completed self-tender offer and the effects thereof, Yext's expected financial performance, and statements regarding expectations regarding the growth of the company, Yext's market opportunity, product roadmap, cost saving and efficiency actions, and Yext's industry, including search fragmentation and AI trends. You can identify forward-looking statements by the use of terminology such as "believe", "expect", "will", "should," "could", "estimate", "anticipate" or similar forward-looking terms. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: Yext's recently completed self-tender offer and the effects thereof, including the effects of the increases in costs of capital relative to Yext's share price; Yext's ability to renew and expand subscriptions with existing customers, especially enterprise customers, and attract new customers generally; Yext's ability to successfully expand and compete in new geographies and industry verticals; the quality of Yext's sales pipeline and ability to convert leads; Yext's ability to expand its service and application provider network; Yext's ability to develop or acquire new product and platform offerings to expand its market opportunity; Yext's ability to release new products and updates that are adopted by its 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 Yext's financial projections. Moreover, Yext operates in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for Yext to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this release. Yext 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 Yext, or persons acting on Yext's 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 Yext's SEC filings and public communications, including, without limitation, in the sections titled, “Special Note Regarding Forward Looking Statements” and “Risk Factors” in Yext's 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. All forward-looking statements are based on information available to Yext on the date hereof, and Yext assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, 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 expense, acquisition-related costs, amortization of acquired intangibles, asset impairments, strategic transaction costs, and payroll tax contingencies. Acquisition-related costs include transaction and related costs, subsequent fair value movements in contingent consideration, and compensation arrangements. Asset impairments include charges associated with subleasing floors of our corporate offices and capitalized implementation costs of cloud computing arrangements. Strategic transaction costs relate to third-party costs incurred in connection with Michael Walrath’s, Yext’s Chief Executive Officer and Chairman on the Board of Directors, non-binding proposal to acquire all outstanding shares. Payroll tax contingencies are related to a state payroll withholding tax audit that are not expected to recur. 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. We utilize a projected tax rate of 25.5% in our computation of the non-GAAP income tax provision for fiscal 2027. 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, amortization of acquired intangibles, asset impairments, strategic acquisition costs, and payroll tax contingencies. 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 the aforementioned items, 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) (provision for) benefit from income taxes, (3) depreciation and amortization, (4) other income (expense), net, (5) stock-based compensation expense, (6) acquisition-related costs, (7) asset impairments, (8) strategic transaction costs, and (9) payroll tax contingencies. 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 also present free cash flow, which is a non-GAAP measure defined as net cash provided by (used in) operating activities, less cash used for purchases of capital expenditures, inclusive of capitalized software development costs. Free cash flow margin is calculated as free cash flow divided by total revenue. We believe this is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of our liquidity and future ability to generate cash that can be used for strategic opportunities or investing in our business. 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 definitions 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, certain acquisition-related costs, asset impairments, strategic acquisition costs, and payroll tax contingencies. 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 measure. 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. Recent Changes in Non-GAAP Metrics Beginning with the three months ended April 30, 2026, we revised our definition of Non-GAAP net income (loss) and Adjusted EBITDA to include asset impairment charges associated with capitalized implementation costs of cloud computing arrangements. We believe this change provides investors with a view of continuing core operations without the effects of this item, which may vary for reasons unrelated to overall operating performance. We have recast our results on the same basis for the prior comparative periods presented, although the effects in those periods remain unchanged. 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. 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. We calculate usage by annualizing monthly amounts in excess of contractual minimum commitments in the current month. Contracts include portions of professional services contracts that are recurring in nature. 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 provide insight into the performance of our recurring revenue business model while mitigating fluctuations in billing and contract terms. YEXT, INC. Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited)     April 30, 2026   January 31, 2026 Assets       Current assets:       Cash and cash equivalents $ 91,881     $ 154,123   Restricted cash, current   —       1,500   Accounts receivable, net of allowances of $2,125 and $2,345, respectively   70,399       120,637   Prepaid expenses and other current assets   27,091       21,253   Costs to obtain revenue contracts, current   18,580       20,291   Total current assets   207,951       317,804   Property and equipment, net   27,357       30,088   Operating lease right-of-use assets   45,699       50,908   Restricted cash, non-current   13,541       13,551   Costs to obtain revenue contracts, non-current   9,340       10,663   Goodwill   110,758       110,801   Intangible assets, net   81,094       85,133   Other long term assets   3,744       2,828   Total assets $ 499,484     $ 621,776   Liabilities and stockholders’ equity       Current liabilities:       Accounts payable, accrued expenses and other current liabilities $ 36,588     $ 52,528   Unearned revenue, current   201,128       217,465   Operating lease liabilities, current   18,882       18,590   Contingent consideration, current   7,000       8,200   Total current liabilities   263,598       296,783   Operating lease liabilities, non-current   58,224       61,915   Long term debt, net   147,597       97,959   Other long term liabilities   5,586       5,698   Total liabilities   475,005       462,355   Commitments and contingencies       Stockholders’ equity:       Preferred stock, $0.001 par value per share; 50,000,000 shares authorized at April 30, 2026 and January 31, 2026; zero shares issued and outstanding at April 30, 2026 and January 31, 2026   —       —   Common stock, $0.001 par value per share; 500,000,000 shares authorized at April 30, 2026 and January 31, 2026; 135,569,561 and 158,368,658 shares issued at April 30, 2026 and January 31, 2026, respectively; 100,133,930 and 122,933,027 shares outstanding at April 30, 2026 and January 31, 2026, respectively   136       158   Additional paid-in capital   890,797       1,027,900   Accumulated other comprehensive loss   (2,011 )     (1,569 ) Accumulated deficit   (666,624 )     (669,249 ) Treasury stock, at cost   (197,819 )     (197,819 ) Total stockholders’ equity   24,479       159,421   Total liabilities and stockholders’ equity $ 499,484     $ 621,776   YEXT, INC. Consolidated Statements of Operations and Comprehensive Income (In thousands, except share and per share data) (Unaudited)     Three months ended April 30,   2026   2025 Revenue $ 107,917     $ 109,483   Cost of revenue   29,195       27,105   Gross profit   78,722       82,378   Operating expenses:       Sales and marketing   29,397       36,209   Research and development   21,480       21,896   General and administrative   22,263       23,155   Total operating expenses   73,140       81,260   Income from operations   5,582       1,118   Interest income   743       632   Interest expense   (3,102 )     (642 ) Other expense, net   (165 )     (355 ) Income from operations before income taxes   3,058       753   (Provision for) benefit from income taxes   (433 )     17   Net income $ 2,625     $ 770           Net income per share attributable to common stockholders, basic $ 0.02     $ 0.01   Net income per share attributable to common stockholders, diluted $ 0.02     $ 0.01   Weighted-average number of shares used in computing net income per share attributable to common stockholders, basic   111,725,486       125,651,595   Weighted-average number of shares used in computing net income per share attributable to common stockholders, diluted   112,957,469       131,272,117           Other comprehensive (loss) income:       Foreign currency translation adjustment $ (451 )   $ 3,283   Unrealized gain on marketable securities, net   9       —   Total comprehensive income $ 2,183     $ 4,053   YEXT, INC. Consolidated Statements of Cash Flows (In thousands) (Unaudited)     Three months ended April 30,   2026   2025 Operating activities:       Net income $ 2,625     $ 770   Adjustments to reconcile net income to net cash provided by operating activities:       Depreciation and amortization expense   6,211       6,855   Impairment of long-lived assets   4,689       —   Bad debt expense   397       286   Stock-based compensation expense   10,034       12,659   Amortization of operating lease right-of-use assets   2,256       2,315   Adjustments to contingent consideration   210       1,800   Other, net   237       432   Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:       Accounts receivable   49,372       43,140   Prepaid expenses and other current assets   (6,341 )     (4,985 ) Costs to obtain revenue contracts   2,936       3,234   Other long term assets   (949 )     5,863   Accounts payable, accrued expenses and other current liabilities   (14,696 )     834   Unearned revenue   (15,819 )     (21,688 ) Operating lease liabilities   (3,672 )     (3,509 ) Other long term liabilities   (60 )     (10,281 ) Net cash provided by operating activities   37,430       37,725   Investing activities:       Capital expenditures   (429 )     (562 ) Cash paid in acquisitions, net of cash acquired   —       (18,801 ) Net cash used in investing activities   (429 )     (19,363 ) Financing activities:       Proceeds from exercise of stock options   —       118   Proceeds from debt issuance   49,500       —   Repurchase of common stock   (142,011 )     (27,635 ) Payments for taxes related to net share settlement of stock-based compensation awards   (5,032 )     (2,137 ) Payments of deferred financing costs   (49 )     (59 ) Deferred acquisition payments   (2,905 )     —   Proceeds, net from employee stock purchase plan withholdings   426       690   Net cash used in financing activities   (100,071 )     (29,023 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash   (682 )     4,022   Net decrease in cash, cash equivalents and restricted cash   (63,752 )     (6,639 ) Cash, cash equivalents and restricted cash at beginning of period   169,174       138,654   Cash, cash equivalents and restricted cash at end of period $ 105,422     $ 132,015   Supplemental reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:   Three months ended April 30, (in thousands) 2026   2025 Cash and cash equivalents $ 91,881   $ 114,994 Restricted cash, current and non-current   13,541     17,021 Total cash, cash equivalents and restricted cash $ 105,422   $ 132,015 YEXT, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands) (Unaudited)     Three months ended April 30,   2026   2025 GAAP net income to Adjusted EBITDA:       GAAP net income $ 2,625     $ 770   Interest expense, net   2,359       10   Provision for (benefit from) income taxes   433       (17 ) Depreciation and amortization   6,211       6,855   Other expense, net   165       355   Stock-based compensation expense   10,034       12,659   Acquisition-related costs   419       4,048   Asset impairments   4,689       —   Strategic transaction costs   101       —   Payroll tax contingencies   (98 )     —   Adjusted EBITDA $ 26,938     $ 24,680           GAAP net income as a percentage of revenue   2.4 %     0.7 % Adjusted EBITDA margin   25.0 %     22.5 %   __________________  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,   2026   2025 GAAP net income $ 2,625     $ 770   Plus: Stock-based compensation expense   10,034       12,659   Plus: Acquisition-related costs   419       4,048   Plus: Amortization of acquired intangibles   4,033       4,141   Less: Tax adjustment (1)   (5,237 )     (5,093 ) Plus: Asset impairments   4,689       —   Plus: Strategic transaction costs   101       —   Less: Payroll tax contingencies   (98 )     —   Non-GAAP net income $ 16,566     $ 16,525   GAAP net income as a percentage of revenue   2.4 %     0.7 % Non-GAAP net income as a percentage of revenue   15.4 %     15.1 %         GAAP net income per share attributable to common stockholders, basic $ 0.02     $ 0.01   Non-GAAP net income per share attributable to common stockholders, basic $ 0.15     $ 0.13           GAAP net income per share attributable to common stockholders, diluted $ 0.02     $ 0.01   Non-GAAP net income per share attributable to common stockholders, diluted $ 0.14     $ 0.12           Weighted-average number of shares used in computing GAAP net income per share attributable to common stockholders       Basic   111,725,486       125,651,595   Diluted   112,957,469       131,272,117   Weighted-average number of shares used in computing non-GAAP net income per share attributable to common stockholders       Basic   111,725,486       125,651,595   Diluted   114,295,220       133,407,752     (1) For fiscal year 2027 we utilize a projected tax rate of 25.5% in our computation of the non-GAAP income tax provision. __________________   Note: Numbers rounded for presentation purposes and may not sum. YEXT, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands) (Unaudited)     Three months ended April 30, Free Cash Flow 2026   2025 Net cash provided by operating activities $ 37,430     $ 37,725   Less: Capital expenditures inclusive of capitalized software development costs   (429 )     (562 ) Free cash flow $ 37,001     $ 37,163   Operating cash flow margin   35 %     34 % Free cash flow margin   34 %     34 %     __________________    Note: Numbers rounded for presentation purposes and may not sum.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260602317065/en/ Investor Relations:
IR@yext.com Public Relations:
PR@yext.com Original: Yext Announces First Quarter Fiscal 2027 Results

Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026May 19, 2026 5:47 PM
Business Wire Yext, Inc. (NYSE: YEXT), the enterprise agentic marketing platform, today announced that its first quarter fiscal year 2027 results will be released on Tuesday, June 2, 2026, after the close of the market. About Yext Yext (NYSE: YEXT) is the enterprise agentic marketing platform. Built on the world's most comprehensive structured data platform for local businesses, Yext gives brands and their partners the visibility intelligence to win every moment of discovery – across AI and traditional search. Yext's API-first architecture connects structured data to APIs, MCP servers, and generative interfaces, so partners and developers can build purpose-built experiences on the same infrastructure powering Yext's own products. Thousands of brands and digital marketing partners in financial services, healthcare, retail, hospitality, and food rely on Yext to manage, measure, and optimize visibility at scale. For more information, visit yext.com. Source: Yext, Inc. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519005592/en/ Investor Relations
ir@yext.com Public Relations
pr@yext.com Original: Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026

Popmenu Partners with Yext to Help Restaurants Easily Manage Their Online Reputation Across 70+ PlatformsApril 30, 2026 7:05 AM
PR Newswire (US)

Operators Can Sync Menus and Listings and Respond to Reviews InstantlyATLANTA, April 30, 2026 /PRNewswire/ -- With competition for guests at an all-time high, 87% of U.S. restaurant operators plan to sharpen focus on reputation management in 2026. Restaurant tech leader Popmenu is expanding its partnership with Yext, the leading brand visibility platform, to provide operators with smarter, faster ways to elevate brand perception and guest engagement at scale.







In 2025, Popmenu rolled out a direct integration with Yext that makes it easy for restaurants to manage and immediately update their listings (name, address, phone number, etc.) on 70+ platforms such as Yelp, OpenTable and Facebook. Operators can also monitor and respond to reviews on Google and other third-party sites from their Popmenu dashboard—leveraging AI to personalize messages in the restaurant's brand voice and automatically respond to positive reviews. This augments Popmenu's long-standing strength in featuring powerful first-party reviews on its client websites.This year, Popmenu and Yext deepened their integration with an automated menu sync, enabling restaurants to keep their menus updated in real time across platforms down to the specific location."A restaurant's digital storefront extends beyond their website to every third-party platform where potential guests discover listings and reviews," said Brendan Sweeney, CEO and Co-founder of Popmenu. "Restaurant operators work hard to build their business. Popmenu's integration with Yext removes friction that causes outdated information and negative impressions from unanswered critiques. Centralizing reputation management in our platform puts control back in operators' hands and enables swift, scalable action that directly influences purchases."Popmenu's 2025 study of 300 U.S. restaurant operators found that one third work on their online reputation daily while 48% do so frequently; 20% do so occasionally or rarely.About PopmenuAs a leader in restaurant technology, Popmenu is on a mission to make profitable growth easy for all restaurants. Digital marketing, online ordering, and on-premise technologies headline a powerful product suite infused with artificial intelligence (AI), automation, and deep data on guest preferences. The company consolidates tools needed to engage guests, serving as a digital control center for more than 10,000 independent restaurants and hospitality groups in the US, UK, and Canada. For more information, visit popmenu.com.About YextYext (NYSE: YEXT) is the leading brand visibility platform, built for a world where discovery and engagement happen everywhere — across AI search, traditional search, social media, websites, and direct communications. Powered by over 2 billion trusted data points and a suite of integrated products, Yext provides brands the clarity, control, and confidence to perform across digital channels. From real-time insights to AI-driven recommendations and execution at scale, Yext turns a brand's digital presence into a competitive advantage. Thousands of leading brands rely on Yext to stay visible, stay ahead, and grow. To learn more about Yext, visit Yext.com or follow us on LinkedIn and X.Media Contact
Jennifer Grasz
VP of Marketing, Popmenu
Jennifer.Grasz@popmenu.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/popmenu-partners-with-yext-to-help-restaurants-easily-manage-their-online-reputation-across-70-platforms-302758253.htmlSOURCE Popmenu Inc.

Original: Popmenu Partners with Yext to Help Restaurants Easily Manage Their Online Reputation Across 70+ Platforms

Yext Announces Fourth Quarter and Fiscal Year 2026 ResultsMarch 9, 2026 4:05 PM
Business Wire

Q4 Revenue of $112.0 million and FY26 Revenue of $446.6 million



Q4 Net Income Per Share, basic, of $0.03 or non-GAAP Net Income Per Share of $0.15



FY26 Net Income Per Share, basic, of $0.31 or non-GAAP Net Income Per Share of $0.56



Q4 Adjusted EBITDA of $29.0 million, resulting in an Adjusted EBITDA margin of 26%



FY26 Adjusted EBITDA of $107.3 million, resulting in an Adjusted EBITDA margin of 24%



ARR of $444.3 million



Recently launched tender offer to repurchase up to $140.0 million of common stock



Yext, Inc. (NYSE: YEXT), the leading digital presence platform for multi-location brands, today announced its results for the three months ended January 31, 2026, or Yext's fourth quarter, and the fiscal year ended January 31, 2026.


For more detailed information on Yext's operating and financial results for the fourth quarter and fiscal year ended January 31, 2026, please refer to the Letter to Shareholders, which can be found on the Yext Investor Relations website at https://investors.yext.com.


“Fiscal year 2026 was a year of significant operational achievement for Yext, highlighted by the generation of $107.3 million in Adjusted EBITDA and a continued expansion of our free cash flow,” said Michael Walrath, Yext Chairman and CEO. "With the strong traction of our Scout launch, we are defining a new category of agentic marketing. By moving beyond simple insights to deliver automated, agent-driven optimizations across the leading AI engines and search platforms, we are making our customers' brands the ones that engines trust and consumers choose. We have never been more confident in our ability to turn this fragmented AI landscape into a powerful growth tailwind and deliver durable, long-term value for our shareholders."


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


About Yext


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. To learn more about Yext, visit Yext.com or find us on LinkedIn and X.


Statement Regarding Forward-Looking Statements


This release and the related shareholder letter includes "forward-looking statements" including, without limitation, statements regarding Yext's expectations, beliefs, intentions, or strategies regarding the future, Yext's expectations regarding its capital allocation strategy, including Yext's ongoing self-tender offer and the effects thereof, Yext's expected financial performance, and statements regarding expectations regarding the growth of the company, Yext's market opportunity, product roadmap, cost saving and efficiency actions, and Yext's industry, including search fragmentation and AI trends. You can identify forward-looking statements by the use of terminology such as "believe", "expect", "will", "should," "could", "estimate", "anticipate" or similar forward-looking terms. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: Yext's ability to consummate its tender offer and the success thereof, including the effects of the increases in costs of capital relative to Yext's share price; Yext's ability to renew and expand subscriptions with existing customers, especially enterprise customers, and attract new customers generally; Yext's ability to successfully expand and compete in new geographies and industry verticals; the quality of Yext's sales pipeline and ability to convert leads; Yext's ability to expand its service and application provider network; Yext's ability to develop or acquire new product and platform offerings to expand its market opportunity; Yext's ability to release new products and updates that are adopted by its 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 Yext's financial projections. Moreover, Yext operates in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for Yext to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this release. Yext 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 Yext, or persons acting on Yext's 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 Yext's SEC filings and public communications, including, without limitation, in the sections titled, “Special Note Regarding Forward Looking Statements” and “Risk Factors” in Yext's 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. All forward-looking statements are based on information available to Yext on the date hereof, and Yext assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, 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 expense, acquisition-related costs, amortization of acquired intangibles, asset impairments, strategic transaction costs, and payroll tax contingencies. Acquisition-related costs include transaction and related costs, subsequent fair value movements in contingent consideration, and compensation arrangements. Strategic transaction costs relate to third-party costs incurred in connection with Michael Walrath’s, Yext’s Chief Executive Officer and Chairman on the Board of Directors, non-binding proposal to acquire all outstanding shares. Payroll tax contingencies are related to a state payroll withholding tax audit expected to be settled in the first half of fiscal 2027 that are not expected to recur. 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 utilized a projected tax rate of 23.5% in our computation of the non-GAAP income tax provision which was subsequently updated to 25.5% in the second quarter of fiscal 2026. This compares to a projected tax rate of 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, amortization of acquired intangibles, asset impairments, strategic acquisition costs, and payroll tax contingencies. 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 the aforementioned items, 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) (provision for) benefit from income taxes, (3) depreciation and amortization, (4) other income (expense), net, (5) stock-based compensation expense, (6) acquisition-related costs, (7) asset impairments, (8) strategic transaction costs, and (9) payroll tax contingencies. 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 also present free cash flow, which is a non-GAAP measure defined as net cash provided by (used in) operating activities, less cash used for purchases of capital expenditures, inclusive of capitalized software development costs. Free cash flow margin is calculated as free cash flow divided by total revenue. We believe this is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of our liquidity and future ability to generate cash that can be used for strategic opportunities or investing in our business.


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 definitions 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, certain acquisition-related costs, asset impairments, strategic acquisition costs, and payroll tax contingencies. 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 measure. 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.


Recent Changes in Non-GAAP Metrics


During the fiscal year ended January 31, 2026, we revised our definitions of non-GAAP net income (loss) and Adjusted EBITDA to include adjustments for asset impairment charges associated with subleasing floors of our corporate offices, strategic transaction costs related to third-party costs incurred in connection with Michael Walrath’s, Yext’s Chief Executive Officer and Chairman on the Board of Directors, non-binding proposal to acquire all outstanding shares, and payroll tax contingencies related to a non-recurring state payroll withholding tax audit. We believe these changes provide investors with a view of continuing core operations without the effects of these items, which may vary for reasons unrelated to overall operating performance.


We have recast our results on the same basis for the prior comparative periods presented, although the effects in those periods remain unchanged as no strategic transaction costs, asset impairments, or payroll tax contingencies occurred.


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.


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. We calculate usage by annualizing monthly amounts in excess of contractual minimum commitments in the current month. Contracts include portions of professional services contracts that are recurring in nature.


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 provide insight into the performance of our recurring revenue business model while mitigating fluctuations in billing and contract terms.






 



YEXT, INC.








Consolidated Balance Sheets








(In thousands, except share and per share data)








(Unaudited)










 



 






January 31, 2026






 






January 31, 2025








Assets






 






 






 








Current assets:






 






 






 








Cash and cash equivalents






$






154,123






 






 






$






123,133






 








Restricted cash, current






 






1,500






 






 






 






9,671






 








Accounts receivable, net of allowances of $2,345 and $2,014, respectively






 






120,637






 






 






 






112,942






 








Prepaid expenses and other current assets






 






21,253






 






 






 






18,094






 








Costs to obtain revenue contracts, current






 






20,291






 






 






 






21,961






 








Total current assets






 






317,804






 






 






 






285,801






 








Property and equipment, net






 






30,088






 






 






 






39,689






 








Operating lease right-of-use assets






 






50,908






 






 






 






67,452






 








Restricted cash, non-current






 






13,551






 






 






 






5,850






 








Costs to obtain revenue contracts, non-current






 






10,663






 






 






 






11,145






 








Goodwill






 






110,801






 






 






 






96,782






 








Intangible assets, net






 






85,133






 






 






 






94,247






 








Other long term assets






 






2,828






 






 






 






9,112






 








Total assets






$






621,776






 






 






$






610,078






 








Liabilities and stockholders’ equity






 






 






 








Current liabilities:






 






 






 








Accounts payable, accrued expenses and other current liabilities






$






52,528






 






 






$






70,022






 








Unearned revenue, current






 






217,465






 






 






 






229,144






 








Operating lease liabilities, current






 






18,590






 






 






 






18,604






 








Contingent consideration, current






 






8,200






 






 






 






26,944






 








Total current liabilities






 






296,783






 






 






 






344,714






 








Operating lease liabilities, non-current






 






61,915






 






 






 






76,809






 








Long term debt, net






 






97,959






 






 






 






—






 








Contingent consideration, non-current






 






—






 






 






 






18,056






 








Other long term liabilities






 






5,698






 






 






 






17,306






 








Total liabilities






 






462,355






 






 






 






456,885






 








Commitments and contingencies






 






 






 








Stockholders’ equity:






 






 






 








Preferred stock, $0.001 par value per share; 50,000,000 shares authorized at January 31, 2026 and January 31, 2025; zero shares issued and outstanding at January 31, 2026 and January 31, 2025






 






—






 






 






 






—






 








Common stock, $0.001 par value per share; 500,000,000 shares authorized at January 31, 2026 and January 31, 2025; 158,368,658 and 153,017,243 shares issued at January 31, 2026 and January 31, 2025, respectively; 122,933,027 and 126,999,461 shares outstanding at January 31, 2026 and January 31, 2025, respectively






 






158






 






 






 






153






 








Additional paid-in capital






 






1,027,900






 






 






 






996,477






 








Accumulated other comprehensive loss






 






(1,569






)






 






 






(5,969






)








Accumulated deficit






 






(669,249






)






 






 






(707,120






)








Treasury stock, at cost






 






(197,819






)






 






 






(130,348






)








Total stockholders’ equity






 






159,421






 






 






 






153,193






 








Total liabilities and stockholders’ equity






$






621,776






 






 






$






610,078






 











 



YEXT, INC.








Consolidated Statements of Operations and Comprehensive Income (Loss)








(In thousands, except share and per share data)








(Unaudited)










 



 






Three months ended January 31,






 






Fiscal year ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Revenue






$






112,005






 






 






$






113,091






 






 






$






446,579






 






 






$






420,957






 








Cost of revenue






 






29,701






 






 






 






26,278






 






 






 






114,068






 






 






 






96,364






 








Gross profit






 






82,304






 






 






 






86,813






 






 






 






332,511






 






 






 






324,593






 








Operating expenses:






 






 






 






 






 






 






 








Sales and marketing






 






32,451






 






 






 






45,901






 






 






 






134,765






 






 






 






174,779






 








Research and development






 






22,011






 






 






 






20,492






 






 






 






89,874






 






 






 






77,201






 








General and administrative






 






21,866






 






 






 






29,508






 






 






 






63,323






 






 






 






105,061






 








Total operating expenses






 






76,328






 






 






 






95,901






 






 






 






287,962






 






 






 






357,041






 








Income (loss) from operations






 






5,976






 






 






 






(9,088






)






 






 






44,549






 






 






 






(32,448






)








Interest income






 






889






 






 






 






524






 






 






 






3,856






 






 






 






6,102






 








Interest expense






 






(2,297






)






 






 






(229






)






 






 






(7,575






)






 






 






(967






)








Other expense, net






 






(398






)






 






 






(348






)






 






 






(704






)






 






 






(745






)








Income (loss) from operations before income taxes






 






4,170






 






 






 






(9,141






)






 






 






40,126






 






 






 






(28,058






)








Benefit from (provision for) income taxes






 






44






 






 






 






1,866






 






 






 






(2,255






)






 






 






110






 








Net income (loss)






$






4,214






 






 






$






(7,275






)






 






$






37,871






 






 






$






(27,948






)








 






 






 






 






 






 






 






 








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






$






0.03






 






 






$






(0.06






)






 






$






0.31






 






 






$






(0.22






)








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






$






0.01






 






 






$






(0.06






)






 






$






0.07






 






 






$






(0.22






)








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






 






122,666,158






 






 






 






127,394,090






 






 






 






123,563,958






 






 






 






126,850,809






 








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






 






128,757,868






 






 






 






127,394,090






 






 






 






129,912,882






 






 






 






126,850,809






 








 






 






 






 






 






 






 






 








Other comprehensive income (loss):






 






 






 






 






 






 






 








Foreign currency translation adjustment






$






797






 






 






$






(1,468






)






 






$






4,409






 






 






$






(1,792






)








Unrealized (loss) gain on marketable securities, net






 






(10






)






 






 






—






 






 






 






(9






)






 






 






6






 








Total comprehensive income (loss)






$






5,001






 






 






$






(8,743






)






 






$






42,271






 






 






$






(29,734






)









 



YEXT, INC.








Consolidated Statements of Cash Flows








(In thousands)








(Unaudited)








 



 






Fiscal year ended January 31,








 






 






2026






 






 






 






2025






 








Operating activities:






 






 






 








Net income (loss)






$






37,871






 






 






$






(27,948






)








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






 






 






 








Depreciation and amortization expense






 






26,986






 






 






 






18,531






 








Impairment of long-lived assets






 






8,552






 






 






 






—






 








Bad debt expense






 






3,078






 






 






 






1,665






 








Stock-based compensation expense






 






48,711






 






 






 






51,780






 








Amortization of operating lease right-of-use assets






 






9,420






 






 






 






8,729






 








Adjustments to contingent consideration






 






(28,600






)






 






 






5,500






 








Other, net






 






714






 






 






 






(2,597






)








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






 






 






 








Accounts receivable






 






(8,315






)






 






 






(1,122






)








Prepaid expenses and other current assets






 






(5,246






)






 






 






(397






)








Costs to obtain revenue contracts






 






3,049






 






 






 






10,048






 








Other long term assets






 






6,528






 






 






 






351






 








Accounts payable, accrued expenses and other current liabilities






 






(4,866






)






 






 






17,037






 








Unearned revenue






 






(15,689






)






 






 






(20,464






)








Operating lease liabilities






 






(14,327






)






 






 






(11,095






)








Other long term liabilities






 






(12,019






)






 






 






193






 








Net cash provided by operating activities






 






55,847






 






 






 






50,211






 








Investing activities:






 






 






 








Capital expenditures






 






(2,557






)






 






 






(2,085






)








Cash paid in acquisitions, net of cash acquired






 






(18,801






)






 






 






(89,407






)








Net cash used in investing activities






 






(21,358






)






 






 






(91,492






)








Financing activities:






 






 






 








Proceeds from exercise of stock options






 






2,154






 






 






 






1,290






 








Proceeds from debt issuance






 






99,000






 






 






 






—






 








Repurchase of common stock






 






(67,431






)






 






 






(17,907






)








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






 






(22,974






)






 






 






(10,826






)








Payments of deferred financing costs






 






(1,118






)






 






 






(853






)








Deferred acquisition payments






 






(22,009






)






 






 






(3,542






)








Proceeds, net from employee stock purchase plan withholdings






 






2,855






 






 






 






3,297






 








Net cash used in financing activities






 






(9,523






)






 






 






(28,541






)








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






 






5,554






 






 






 






(1,708






)








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






 






30,520






 






 






 






(71,530






)








Cash, cash equivalents and restricted cash at beginning of period






 






138,654






 






 






 






210,184






 








Cash, cash equivalents and restricted cash at end of period






$






169,174






 






 






$






138,654






 










 



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








 






Fiscal year ended January 31,








(in thousands)






2026






 






2025








Cash and cash equivalents






$






154,123







 






$






123,133









Restricted cash, current and non-current






 






15,051







 






 






15,521









Total cash, cash equivalents and restricted cash






$






169,174







 






$






138,654












 



YEXT, INC.








Reconciliation of GAAP to Non-GAAP Financial Measures








(In thousands)








(Unaudited)










 



 






Three months ended January 31,






 






Fiscal year ended January 31,








 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








GAAP net income (loss) to Adjusted EBITDA:






 






 






 






 






 






 






 








GAAP net income (loss)






$






4,214






 






 






$






(7,275






)






 






$






37,871






 






 






$






(27,948






)








Interest expense (income), net






 






1,408






 






 






 






(295






)






 






 






3,719






 






 






 






(5,135






)








(Benefit from) provision for income taxes






 






(44






)






 






 






(1,866






)






 






 






2,255






 






 






 






(110






)








Depreciation and amortization






 






6,682






 






 






 






6,431






 






 






 






26,986






 






 






 






18,531






 








Other expense






 






398






 






 






 






348






 






 






 






704






 






 






 






745






 








Stock-based compensation expense






 






10,752






 






 






 






14,689






 






 






 






48,711






 






 






 






51,780






 








Acquisition-related costs






 






(2,044






)






 






 






12,526






 






 






 






(25,416






)






 






 






29,176






 








Asset impairments






 






4,745






 






 






 






—






 






 






 






8,552






 






 






 






—






 








Strategic transaction costs






 






813






 






 






 






—






 






 






 






1,811






 






 






 






—






 








Payroll tax contingencies






 






2,105






 






 






 






—






 






 






 






2,105






 






 






 






—






 








Adjusted EBITDA






$






29,029






 






 






$






24,558






 






 






$






107,298






 






 






$






67,039






 








 






 






 






 






 






 






 






 








GAAP net income (loss) as a percentage of revenue






 






3.8






%






 






 






(6.4






%)






 






 






8.5






%






 






 






(6.6






%)








Adjusted EBITDA margin






 






25.9






%






 






 






21.7






%






 






 






24.0






%






 






 






15.9






%








______________



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 January 31,








 






 






2026






 






 






 






2025






 








GAAP net income (loss)






$






4,214






 






 






$






(7,275






)








Plus: Stock-based compensation expense






 






10,752






 






 






 






14,689






 








(Less) Plus: Acquisition-related costs






 






(2,044






)






 






 






12,526






 








Plus: Amortization of acquired intangibles






 






4,033






 






 






 






3,633






 








Less: Tax adjustment (1)






 






(6,311






)






 






 






(7,293






)








Plus: Asset impairments






 






4,745






 






 






 






—






 








Plus: Strategic transaction costs






 






813






 






 






 






—






 








Plus: Payroll tax contingencies






 






2,105






 






 






 






—






 








Non-GAAP net income






$






18,307






 






 






$






16,280






 








GAAP net income (loss) as a percentage of revenue






 






3.8






%






 






 






(6.4






%)








Non-GAAP net income as a percentage of revenue






 






16.3






%






 






 






14.4






%








 






 






 






 








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






$






0.03






 






 






$






(0.06






)








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






$






0.15






 






 






$






0.13






 








 






 






 






 








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






$






0.01






 






 






$






(0.06






)








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






$






0.14






 






 






$






0.12






 








 






 






 






 








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






 






 






 








Basic






 






122,666,158






 






 






 






127,394,090






 








Diluted






 






128,757,868






 






 






 






127,394,090






 








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






 






 






 








Basic






 






122,666,158






 






 






 






127,394,090






 








Diluted






 






128,757,868






 






 






 






131,545,724






 









(1) For the fourth quarter of fiscal 2026 we utilized projected tax rate of 25.5% in our computation of the non-GAAP income tax provision.







______________



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)








 



 






Fiscal year ended January 31,








 






 






2026






 






 






 






2025






 








GAAP net income (loss)






$






37,871






 






 






$






(27,948






)








Plus: Stock-based compensation expense






 






48,711






 






 






 






51,780






 








(Less) Plus: Acquisition-related costs






 






(25,416






)






 






 






29,176






 








Plus: Amortization of acquired intangibles






 






16,240






 






 






 






7,097






 








Less: Tax adjustment (1)






 






(21,238






)






 






 






(15,109






)








Plus: Asset impairments






 






8,552






 






 






 






—






 








Plus: Strategic transaction costs






 






1,811






 






 






 






—






 








Plus: Payroll tax contingencies






 






2,105






 






 






 






—






 








Non-GAAP net income






$






68,636






 






 






$






44,996






 








GAAP net income (loss) as a percentage of revenue






 






8.5






%






 






 






(6.6






%)








Non-GAAP net income as a percentage of revenue






 






15.4






%






 






 






10.7






%








 






 






 






 








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






$






0.31






 






 






$






(0.22






)








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






$






0.56






 






 






$






0.35






 








 






 






 






 








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






$






0.07






 






 






$






(0.22






)








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






$






0.53






 






 






$






0.35






 








 






 






 






 








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






 






 






 








Basic






 






123,563,958






 






 






 






126,850,809






 








Diluted






 






129,912,882






 






 






 






126,850,809






 








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






 






 






 








Basic






 






123,563,958






 






 






 






126,850,809






 








Diluted






 






130,463,810






 






 






 






128,969,376






 









(1) For fiscal 2026 we utilized a projected tax rate of 25.5% in our computation of the non-GAAP income tax provision.







______________



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











 



YEXT, INC.








Reconciliation of GAAP to Non-GAAP Financial Measures








(In thousands)








(Unaudited)










 



 






Three months ended January 31,






 






Fiscal year ended January 31,








Free Cash Flow






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Net cash provided by (used in) operating activities






$






29,535






 






 






$






38,346






 






 






$






55,847






 






 






$






50,211






 








Less: Capital expenditures inclusive of capitalized software development costs






 






(907






)






 






 






(316






)






 






 






(2,557






)






 






 






(2,085






)








Free cash flow






$






28,628






 






 






$






38,030






 






 






$






53,290






 






 






$






48,126






 








Operating cash flow margin






 






26






%






 






 






34






%






 






 






13






%






 






 






12






%








Free cash flow margin






 






26






%






 






 






34






%






 






 






12






%






 






 






11






%








______________



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







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260309263268/en/
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Original: Yext Announces Fourth Quarter and Fiscal Year 2026 Results