Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 304

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 304
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Gross margin 73.9 %77.0 %

Total revenue was $112.0 million for the three months ended October 31, 2025, compared to $114.0 million for the three months ended October 31, 2024, a decrease of $2.0 million or 2%. For both the three months ended October 31, 2025 and 2024, revenue recognized from subscription and associated support to our platform was 94%, while revenue recognized from professional services was 6%. 

 Revenue for the three months ended October 31, 2025, included a positive impact from foreign currency exchange rates of approximately $0.3 million, using a constant currency basis. We calculate constant currency by translating our current period results for entities reporting in currencies other than U.S. Dollars (“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:

Three months ended October 31,Variance20252024DollarsPercent(in thousands)Direct Customers$93,282 $95,486 $(2,204)(2)%Third-Party Reseller Customers18,716 18,503 213 1 %Total Revenue$111,998 $113,989 $(1,991)(2)%

Revenue attributable to direct customers was $93.3 million for the three months ended October 31, 2025, compared to $95.5 million for the three months ended October 31, 2024, a decrease of $2.2 million, or 2%. The decrease was driven primarily by customer attrition. Revenue attributable to third-party reseller customers was $18.7 million for the three months ended October 31, 2025 compared to $18.5 million for the three months ended October 31, 2024, remaining relatively consistent.

Cost of Revenue and Gross Margin

Cost of revenue was $29.2 million for the three months ended October 31, 2025, compared to $26.2 million for the three months ended October 31, 2024, an increase of $3.0 million or 11%. The increase was primarily driven by a $0.9 million increase in personnel-related costs reflecting higher headcount. In addition, data centers costs increased $0.7 million, and asset impairment charges of $1