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

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 10
---
 restricted stock units. 

See Note 12" Income Taxes" to our condensed consolidated financial statements for additional information on our (provision for) benefit from income taxes.

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

RevenueSix months ended July 31,Variance(in thousands)20252024DollarsPercent Revenue$222,577 $193,877 $28,700 15 % Cost of revenue55,165 43,839 11,326 26 % Gross profit$167,412 $150,038 $17,374 12 % Gross margin 75.2 %77.4 %

Total revenue was $222.6 million for the six months ended July 31, 2025, compared to $193.9 million for the six months ended July 31, 2024, an increase of $28.7 million or 15%. 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 six 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 the six months ended July 31, 2025, included a positive impact from foreign currency exchange rates of approximately $1.8 million, using a constant currency basis. We calculate constant currency by translating our current period results for entities reporting in currencies other than USD into USD at the average monthly exchange rates in effect during the comparative period, as opposed to the average monthly exchange rates in effect during the current period. 

The following table summarizes our revenue by sales channel for the periods presented:

Six months ended July 31,Variance20252024DollarsPercent(in thousands)Direct Customers$185,951 $156,696 $29,255 19 %Third-Party Reseller Customers36,626 37,181 (555)(1)%Total Revenue$222,577 $193,877 $28,700 15 %

Revenue attributable to direct customers was $186.0 million for the six months ended July 31, 2025, compared to $156.7 million for the six months ended July 31, 2024, an increase of $29.3 million, or 19