Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 313

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 313
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AAP)$111,686 (2)%Nine months ended October 31,20252024Growth RatesRevenue (GAAP) $334,575 $307,866 9 %Effects of foreign currency rate fluctuations (2,064)Revenue on a constant currency basis (Non-GAAP) $332,511 8 %

Free Cash Flow

We also provide free cash flow, which is a non-GAAP measure defined as net cash provided by (used in) operating activities, less cash used for purchases of capital expenditures, inclusive of capitalized software development costs. Free cash flow margin is calculated as free cash flow divided by total revenue. We believe this is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of our liquidity and future ability to generate cash that can be used for strategic opportunities or investing in our business.

The following table provides a reconciliation of GAAP Cash flow provided by (used in) operating activities to free cash flow: 

Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024Net cash (used in) provided by operating activities$(19,820)$(15,795)$26,312 $11,865 Less: Capital expenditures inclusive of capitalized software development costs (515)(577)(1,650)(1,769)Free cash flow$(20,335)$(16,372)$24,662 $10,096 Operating cash flow margin (18)%(14)%8 %4 %Free cash flow margin(18)%(14)%7 %3 %

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Liquidity and Capital Resources

As of October 31, 2025, our principal sources of liquidity were cash and cash equivalents of $139.9 million. We believe our existing cash and cash equivalents, will be sufficient to meet our projected operating requirements for at least the next 12 months. Our cash flows, including net cash used in or provided by operating activities, may vary significantly from quarter to quarter, due to the timing of billings, cash collections and lease payments, significant marketing events and related expenses, acquisitions, and other factors. 

Our future capital requirements will depend on many factors, including those set forth under "Risk Factors". We may in the future enter into arrangements to acquire or invest in complementary businesses, services, technologies, and intellectual property rights. In addition, we may be required to seek additional equity or debt financing. In the event that additional financing