Yext, Inc. SEC 10-Q Report

Yext, Inc., a leading provider of digital knowledge management solutions, has released its latest Form 10-Q report, showcasing significant improvements in both financial and operational performance. The report highlights the company's robust revenue growth, improved profitability, and strategic business expansions, particularly following the acquisition of Hearsay Social, Inc.

Financial Highlights

• Total Revenue: $109.5 million, an increase of 14% from the prior year, driven by the inclusion of Hearsay’s revenue following the acquisition.
• Gross Profit: $82.4 million, reflecting a gross margin of 75.2%, down from 77.6% in the prior year due to increased amortization expense from acquired intangible assets.
• Income (loss) from operations: $1.1 million, compared to a loss of $5.4 million in the prior year, indicating improved operational efficiency.
• Net Income: $0.8 million, compared to a net loss of $3.8 million in the prior year, reflecting positive financial performance.
• Net income (loss) per share attributable to common stockholders, diluted: $0.01, compared to a loss of $0.03 per share in the prior year, highlighting improved profitability.

Business Highlights

• Revenue Segments: Revenue from direct customers increased by 18% to $91.4 million, driven by the inclusion of Hearsay's revenue following its acquisition. Revenue from third-party reseller customers decreased by 3% to $18.1 million, primarily due to customer attrition.
• Geographical Performance: North America contributed $88.9 million to total revenue, while international markets, predominantly Europe and Japan, contributed $20.6 million. The U.S. accounted for 81% of total revenue, with the U.K. contributing 18%.
• New Product Launches: The acquisition of Hearsay Social, Inc. in August 2024 expanded Yext's product offerings to include digital client engagement solutions for financial services, enhancing the company's Answers Platform.
• Future Outlook: The company anticipates continued growth in its digital presence platform, leveraging the integration of Hearsay's capabilities to enhance customer engagement and expand its market reach. The recent acquisition of Places Scout is expected to strengthen competitive intelligence and AI-powered insights.

SEC Filing: Yext, Inc. [ YEXT ] - 10-Q - Jun. 09, 2025