Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 358

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 358
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12,799)$33,657 $(20,673)  

(1)See Note 10 "Stock-Based Compensation", to the condensed consolidated financial statements for amounts included.

The following table sets forth selected condensed consolidated statements of operations data for each of the periods indicated as a percentage of total revenue:

Three months ended October 31,Nine months ended October 31,2025202420252024Revenue100 %100 %100 %100 %Cost of revenue26 23 25 23  Gross profit73.9 77.0 74.8 77.2 Operating expenses: Sales and marketing30 38 31 42  Research and development20 18 20 18  General and administrative16 29 12 25  Total operating expenses67 86 63 85 Income (loss) from operations7 (9)12 (8)Interest income1 — 1 2 Interest expense(2)— (2)— Other income (expense), net— — — — Income (loss) from operations before income taxes6 (9)11 (6)Provision for income taxes (1)(2)(1)(1)Net income (loss)5 %(11)%10 %(7)%

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

32

Three Months Ended October 31, 2025 Compared to Three Months Ended October 31, 2024 

Revenue Three months ended October 31,Variance(in thousands)20252024DollarsPercent Revenue$111,998 $113,989 $(1,991)(2)% Cost of revenue29,203 26,247 2,956 11 % Gross profit$82,795 $87,742 $(4,947)(6)% Gross margin 73.9 %77.0 %

Total revenue was $112.0 million for the three months ended October 31, 2025, compared to $114.0 million for the three months ended October 31, 2024, a decrease of $2.0 million or 2%. For both the three months ended October 31, 2025 and 2024, revenue recognized from subscription and associated support to our platform was 94%, while revenue recognized from professional services was 6%. 

 Revenue for the three months ended October 31,