Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 346

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 346
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31,2025202420252024Options to purchase common stock181,750 1,753,179 507,946 1,753,179 Restricted stock and restricted stock units3,400,013 10,833,317 2,818,227 10,833,317 Shares estimated to be purchased under ESPP— 373,424 — 373,424 Performance-based restricted stock units2,995,000 3,530,000 2,862,500 3,530,000 Total anti-dilutive common equivalent shares6,576,763 16,489,920 6,188,673 16,489,920 

The earnout arrangement and incentive pool entered into in connection with the acquisition of Hearsay represent liability-classified arrangements that may be settled in cash or shares at the Company's election. Diluted net income per share includes the effect of the potential share settlement associated with these arrangements when such effects are dilutive. See Note 4 "Business Combinations" for additional information related to the earnout and incentive pool. 

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15. Segment Information 

The Company operates as one operating segment for which the CODM uses consolidated net income (loss) to measure segment profit or loss. This measure of segment profit or loss is used by the CODM to allocate resources and assess performance. See Note 2 "Summary of Significant Accounting Policies" for more information about the Company's segment policy. The following table is a summary of the significant expenses and consolidated net income (loss) provided to the CODM: Three months ended July 31,Six months ended July 31,(in thousands)2025202420252024Revenue$113,094 $97,887 $222,577 $193,877 Less: Cost of revenue (1) 24,790 21,595 48,252 42,453 Sales and marketing (1)29,959 38,802 61,566 79,305 Research and development (1) 19,149 15,973 37,222 30,249 General and administrative (1)15,582 14,581 29,958 28,295 Other segment (income) expenses (2)(3,137)10,993 18,058 21,449 Consolidated net income (loss)$26,751 $(4,057)$27,521 $(7,874