Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 6

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 and asset impairments associated with our office spaces, and software expense, each of which are allocated based on employee headcount.

General and administrative expenses. General and administrative expenses consist primarily of employee-related costs which are comprised of personnel-related costs and stock-based compensation expense for our finance and accounting, human resources, information technology and legal support departments. Personnel-related costs mainly consist of salaries and wages. General and administrative expenses also include lease expenses and asset impairments associated with our office spaces, as well as software expense, each of which are allocated based on employee headcount. In addition, general and administrative expenses include other professional related costs which include acquisition-related costs, as well as fair value adjustments related to contingent consideration.  

31

  Results of Operations 

The following table sets forth selected condensed consolidated statement of operations data for each of the periods indicated:Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024Revenue$111,998 $113,989 $334,575 $307,866 Cost of revenue(1)29,203 26,247 84,368 70,086  Gross profit82,795 87,742 250,207 237,780 Operating expenses: Sales and marketing(1)34,037 43,667 102,314 128,878  Research and development(1)22,614 21,070 67,863 56,709  General and administrative(1)18,364 33,373 41,457 75,553  Total operating expenses75,015 98,110 211,634 261,140 Income (loss) from operations7,780 (10,368)38,573 (23,360)Interest income1,156 823 2,967 5,578 Interest expense(2,358)(222)(5,278)(738)Other income (expense), net94 (55)(306)(397)Income (loss) from operations before income taxes6,672 (9,822)35,956 (18,917)Provision for income taxes (536)(2,977)(2,299)(1,756)Net income (loss)$6,136 $(12,799)$33,657 $(20,673)  

(1)See Note 10 "Stock-Based Compensation", to the condensed consolidated financial statements for amounts included.

The following