Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 308

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 1
Chunk 308
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 conjunction with GAAP net income (loss). 

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

Three months ended July 31,Six months ended July 31,(in thousands)2025202420252024GAAP net income (loss)$26,751 $(4,057)$27,521 $(7,874)Plus: Stock-based compensation expense12,962 12,333 25,621 24,398 (Less) Plus: Acquisition-related costs(23,055)2,169 (19,007)2,169 Plus: Amortization of acquired intangibles4,033 — 8,174 — Less: Tax adjustment(4,382)(3,693)(9,475)(5,589)Non-GAAP net income $16,309 $6,752 $32,834 $13,104 

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

Three months ended July 31,Six months ended July 31,(in thousands)2025202420252024GAAP net income (loss)$26,751 $(4,057)$27,521 $(7,874)Interest expense (income), net1,098 (2,271)1,108 (4,239)Provision for (benefit from) income taxes1,780 (1,442)1,763 (1,221)Depreciation and amortization 6,788 2,851 13,643 5,814 Other expense, net45 204 400 342 Stock-based compensation expense12,962 12,333 25,621 24,398 Acquisition-related costs(23,055)2,169 (19,007)2,169 Adjusted EBITDA$26,369 $9,787 $51,049 $19,389 

Constant Currency 

We provide revenue, including year-over-year growth rates, adjusted to remove the impact of foreign currency rate fluctuations, which we refer to as constant currency. We believe providing revenue on a constant currency basis helps our investors to better understand our underlying performance, given the current macroeconomic environment. We calculate constant currency by using the current period results for entities reporting in currencies other than USD, which are then converted into USD at the average monthly exchange