Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 311

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 1
Chunk 311
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. We compensate for these limitations by providing a reconciliation of our non-GAAP financial measures to the most closely related GAAP financial measures. We encourage investors and others to review our financial information in its entirety, not to rely on any single financial measure and to view non-GAAP net income (loss) and Adjusted EBITDA in conjunction with GAAP net income (loss). 

Recent Changes in Non-GAAP Metrics

Beginning with the three months ended October 31, 2025, we revised our definitions of Non-GAAP net income (loss) and Adjusted EBITDA to include adjustments for asset impairment charges associated with subleasing a floor of our corporate offices, as well as strategic transaction costs related to third-party costs incurred for Michael Walrath’s, Yext’s Chief Executive Officer and Chairman on the Board of Directors, non-binding proposal to acquire all outstanding shares. We believe these changes provide investors with a view of continuing core operations without the effects of these items, which may vary for reasons unrelated to overall operating performance. 

We have recast our results on the same basis for the prior comparative periods presented, although the effects in those periods remain unchanged as no strategic transaction costs or asset impairments occurred.

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The following table reconciles our GAAP net income (loss) to non-GAAP net income (loss):  

Three months ended October 31,Nine months ended October 31,(in thousands)2025202420252024GAAP net income (loss)$6,136 $(12,799)$33,657 $(20,673)Plus: Stock-based compensation expense12,338 12,693 37,959 37,091 (Less) Plus: Acquisition-related costs(4,364)14,482 (23,371)16,650 Plus: Amortization of acquired intangibles4,033 3,465 12,207 3,465 Less: Tax adjustment(5,453)(2,226)(14,928)(7,816)Plus: Asset impairments 3,807 — 3,807 — Plus: Strategic transaction costs998 — 998 — Non-GAAP net income $17,495 $15,615 $50,329 $28,717 

The following table reconciles our GAAP net income (loss) to Adjusted EBITDA:  

Three months ended October 31,Nine months ended October 31,(in thousands)202520242