Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 366

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 366
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 for asset impairment charges associated with subleasing a floor of our corporate offices, as well as strategic transaction costs related to third-party costs incurred for Michael Walrath’s, Yext’s Chief Executive Officer and Chairman on the Board of Directors, non-binding proposal to acquire all outstanding shares. 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 or asset impairments occurred.

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The following table reconciles our GAAP net income (loss) to non-GAAP net income (loss):  

Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024GAAP net income (loss)$6,136 $(12,799)$33,657 $(20,673)Plus: Stock-based compensation expense12,338 12,693 37,959 37,091 (Less) Plus: Acquisition-related costs(4,364)14,482 (23,371)16,650 Plus: Amortization of acquired intangibles4,033 3,465 12,207 3,465 Less: Tax adjustment(5,453)(2,226)(14,928)(7,816)Plus: Asset impairments 3,807 — 3,807 — Plus: Strategic transaction costs998 — 998 — Non-GAAP net income $17,495 $15,615 $50,329 $28,717 

The following table reconciles our GAAP net income (loss) to Adjusted EBITDA:  

Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024GAAP net income (loss)$6,136 $(12,799)$33,657 $(20,673)Interest expense (income), net1,202 (601)2,311 (4,840)Provision for income taxes536 2,977 2,299 1,756 Depreciation and amortization 6,661 6,287 20,304 12,101 Other (income) expense, net(94)55 306 397 Stock-based compensation expense12,338 12,693 37