Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 7

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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 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 July 31,Six months ended July 31,2025202420252024Revenue100 %100 %100 %100 %Cost of revenue25 23 25 23  Gross profit75.2 77.2 75.2 77.4 Operating expenses: Sales and marketing28 43 31 44  Research and development21 19 20 18  General and administrative— 23 10 22  Total operating expenses49 85 61 84 Income (loss) from operations26 (8)14 (7)Interest income1 2 1 2 Interest expense(2)— (2)— Other expense, net— — — — Income (loss) from operations before income taxes25 (6)13 (5)(Provision for) benefit from income taxes (1)1 (1)1 Net income (loss)24 %(5)%12 %(4)%

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

31

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

Revenue Three months ended July 31,Variance(in thousands)20252024DollarsPercent Revenue$113,094 $97,887 $15,207 16 % Cost of revenue28,060 22,293 5,767 26 % Gross profit$85,034 $75,594 $9,440 12 % Gross margin 75.2 %77.2 %

Total revenue was $113.1 million for the three months ended July 31, 2025, compared to $97.9 million for the three months ended July 31, 2024, an increase of $15.2 million or 16%. The increase was entirely driven by the inclusion of Hearsay’s revenue as a result of the acquisition which was completed on August 1, 2024. For both the three months ended July 31, 2025 and 2024, revenue recognized from subscription and associated support to our platform was 93%, while revenue recognized from professional services was 7%. 

 Revenue for